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Contractors Business Seeking Loan in Bhubaneswar, India

Civil construction company seeks loan for its next project.
This Business is on a Premium Plan
Established 10-20 year(s)
Employees 10 - 50
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales USD 360 thousand
Run Rate Sales USD 700 thousand
EBITDA Margin 18 %
Industries Contractors
Locations  Bhubaneswar
Local Time 11:21 PM Asia / Kolkata
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Seeking Loan
USD 240 thousand for 20.0% annual interest, 7 years (Native Currency: INR 20,000,000)
Reason: The funds will be used to complete a sewer system project.
Collateral Available: USD 36 thousand
Includes physical assets worth USD 36 thousand
Interested to connect with advisors
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Business Name
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Documents
GST Certificate
GST Certificate
Business Overview

- Engaged in the development of civil and mechanical works.

- We have completed over 50 projects since our inception.

- Our clients include several large private and government organizations including Tata Projects Limited and Paradip Port Trust (under Ministry of Ports, Shipping and Waterways)

- We have 25 permanent employees and hire contract workers as per the requirements of the projects we undertake.

- Secure 4 to 5 projects each year on average.

- Average duration of a project typically varies from 12 to 18 months.

- We have a separate architecture wing that prepares the designs.

- We do not maintain a project post the construction and handover of the project.

- Successfully completed projects for our main client Tata Projects Limited.

- The funds will be used for a sewer system project for which we have received the work order.

- The work order is awarded by Tata Projects Limited.

- We are expected to complete the project within 12 months of securing the funds.

- The project will require at least 60 contractual employees.

- Funds will be used to hire JCB, tractors, welding machines, and drilling machines.

- Company has a debt of INR 20 lakhs.

- The funds we are seeking will not be used to write off this debt.

Products & Services Overview

Construction of buildings such as schools and civil projects. Construction of metal structures and warehouses.

Assets Overview

Two computers, one laptop, one 220 V single-phase generator, one water pump, welding machines, and drilling machines.

Facilities Overview

Space of 10,000 sq. ft. to manufacture different contract works. Leased to us at Rs. 10,000 per month.

Capitalization Overview
Not Disclosed
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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