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Aluminium Smelting Company Seeking Loan in Muscat, Oman

Small-scale producer and exporter of ingots in Muscat seeks funds to buy bigger machinery.

Established 5-10 year(s)
Employees 5 - 10
Legal Entity Limited Liability Company (LLC)
Reported Sales USD 60 - 70 thousand
Run Rate Sales USD 170 thousand
EBITDA Margin Nil
Industries Aluminium Smelting
Locations  Muscat
Local Time 8:22 PM Asia / Muscat
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 195 thousand for 8.0% annual interest, 4 years (Native Currency: OMR 75,000)
Reason: We want to purchase new machines with a 4-ton daily processing capacity.
Collateral Available: USD 0
Includes physical assets worth USD 31 thousand
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Business Name
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Business Overview
- Producer, wholesaler, and exporter of aluminium and brass ingots.
- The business operates from its rented production facility in Muscat, Oman.
- End-users of our products are manufacturers of utensils.
- We easily source our raw material from the local scrap market. There is a surplus of scrap/raw material due to a high number of cars in Oman and other GCC countries.
- The company had to halt operations 8 months ago and thus are sales are nil at the moment.
- We sold our products in the local market and exported it to buyers in India as well.
- The operations are slated to resume as 8 workers have been given visas and they will soon join us in Muscat.
Products & Services Overview
Aluminum molding and melting brass scrap to produce ingots. We produce and export aluminum ingots.
Assets Overview
We have a machine with a daily production capacity of 1 ton with a conveyor system for the processing of raw material.
Facilities Overview
Rented factory in Muscat with an area of 1,800 sq. ft.
Capitalization Overview
- Company has no bank loans or credit card.
- The company has three shareholders in 50:20:30. 30% is owned by the Omani shareholder.
Recent Activity
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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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