Aquaculture Company Seeking Loan in Cuttack, India
Aquaculture farming business with a focus on scientific processes and sustainability.
This transaction has concluded.
Premium Plan
| Established | 1-5 year(s) |
| Employees | 10 - 50 |
| Legal Entity | Private Limited Company |
| Reported Sales | USD 345 thousand |
| Run Rate Sales | USD 365 thousand |
| EBITDA Margin | 21 % |
| Industries | Aquaculture |
| Locations | Cuttack |
| Local Time | 11:01 AM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Active |
Seeking Loan
USD
280 thousand
for
15.0%
annual interest,
2
years
(Native Currency: INR 25,000,000)
Reason: Requirement of funds for working capital to fuel current business and expansion.
Collateral Available: USD 0
Includes physical assets worth
USD
870 thousand
Interested to connect with advisors
Documents
Farms Info
(2.0 MB)
Incorporation Certificate
(523.9 KB)
UDYAM Registration
(270.8 KB)
Startup India Registration
(1020.0 KB)
ROC-Verification.pdf
(65.9 KB)
Business Overview
Aquaculture business that specializes in the cultivation of shrimp.
1) The construction commenced three years ago and commercial production kick started two years back.
2) We have a dedicated nursery with a water treatment plant as well as our own internal laboratory to ensure that the shrimp are grown in the best of conditions.
3) In a year, the facility can produce 300-400 MT of shrimp with a minimum value of INR 100 million. This produce is sold to select processors who cater to international markets and some quantum is sold for domestic consumption.
4) The promoters are experienced in the aquaculture business and have professional experience working in corporates before turning entrepreneurs.
5) The Fisheries Department of Odisha has showcased our project as a model farm.
6) The business is registered under the Marine Products Export Development Authority (MPEDA)
1) The construction commenced three years ago and commercial production kick started two years back.
2) We have a dedicated nursery with a water treatment plant as well as our own internal laboratory to ensure that the shrimp are grown in the best of conditions.
3) In a year, the facility can produce 300-400 MT of shrimp with a minimum value of INR 100 million. This produce is sold to select processors who cater to international markets and some quantum is sold for domestic consumption.
4) The promoters are experienced in the aquaculture business and have professional experience working in corporates before turning entrepreneurs.
5) The Fisheries Department of Odisha has showcased our project as a model farm.
6) The business is registered under the Marine Products Export Development Authority (MPEDA)
Products & Services Overview
1) We are involved in aquaculture wherein shrimp are produced in an antibiotic free manner using scientific and sustainable practices.2) Shrimp is a preferred protein source for many. Majority of our produce is supplied to processors who are situated in Andhra Pradesh, West Bengal, Odisha who export to international markets.
Assets Overview
Total assets comprise of plant and machinery worth INR 4.4 crore, building and other infrastructure worth INR 2.3 crore.Although the asset value exceeds the loan amount, we are seeking the loan to fuel current business and expansion and that cannot be kept as collateral as these assets are already mortgaged for a bank loan of INR 4.7 crore.
Facilities Overview
The project is spread across 50+ acres located in Puri district. This area has been leased for the past 16 years, operating within this expansive area. It has a dedicated nursery, water treatment plant, pumping stations, laboratory etc. There is accommodation for employees and workers within the farming site.
Capitalization Overview
The business has two promoters with a paid-up equity capital of INR 2.07 crore with a shareholding of 57.6% and 42.4% respectively. Apart from this, there is bank funding (backed with collateral) of INR 4.7 crore.
Recent Activity
-
Earlier than 15 daysFounder & CEO, Pune, Financial Consultant connected with the Business
-
Earlier than 15 daysFounder, Advertising / Marketing, Chennai, Individual Investor / Buyer connected with the Business
-
Earlier than 15 daysFounder, Real Estate Developer, Rourkela, Individual Investor / Buyer connected with the Business
Tags:
Aquaculture Company Seeking Loan in Cuttack, India
·Marine Company Seeking Loan in Cuttack, India
·Lend to Aquaculture Company in Cuttack, India
·Lend to Marine Company in Cuttack, India
·Aquaculture Company Seeking Loan
·Marine Company Seeking Loan
·Lend to Aquaculture Company
·Lend to Marine Company
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