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Contractors Business Seeking Loan in Lucknow, India

Sports infrastructure company engaged in the development of courts, fields, and tracks seeks a loan.

Established 5-10 year(s)
Employees 5 - 10
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales USD 300 thousand
Run Rate Sales USD 300 thousand
EBITDA Margin 10 %
Industries Contractors
Locations  Lucknow
Local Time 7:34 PM Asia / Kolkata
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Seeking Loan
USD 180 thousand for 12.0% annual interest, 10 years (Native Currency: INR 15,000,000)
Reason: Need funds to complete the projects.
Collateral Available: USD 0
Interested to connect with advisors
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Business Overview

- Our company has grown from a turnover of INR 15 lakhs in the first year to INR 250 lakhs in a short period of time in spite of difficulties faced during Covid period.

- Have completed over 150 projects to date.

- Currently, have 4-5 ongoing projects (private and government). Out of which 2 are government projects valued at INR 2.5 crores each.

- Small projects usually take 7-15 days and high-value projects take 2-6 months to complete.

- Our clients include Indian Railways, NTPC, Prayagraj Smart City Ltd, sports department UP, Bihar Animal Science University, UP Police, CSI Raj Bhavan U. P, Indian Air Force, Shalimar Builders, Omaxe, Chandra Builders, Rishita Developers, Purvanchal Builders, and various private schools and contractors.

- We have developed a good relationship with vendors in our industry to facilitate the uninterrupted supply of material.

- The journey of the company to date has been tremendously exciting with learning new things in every project.

- The difficulties faced during execution have given a lot of lessons, our company has done various CSR activities including distributing sports kits to sports persons and construction sheds, etc.

- We hire contract-based employees based on the size of the project.

- The promoter has 6 years of experience in this industry and is a sports enthusiast and plays badminton regularly.

Products & Services Overview

Badminton court flooring and construction.

Tennis court flooring and construction.

Basketball court flooring and construction.

Football field construction.

Hockey field construction.

Running track.

EPDM flooring.

Assets Overview

We do not have any major physical assets.

Facilities Overview

We have leased a co-working space. We pay a monthly rent of INR INR 25,000.

Capitalization Overview

- The business is currently funded by personal funds and an OD loan from ICICI Bank of INR 45 lakhs.

Recent Activity
  • Earlier than 15 days
    Founder, Mumbai, Financial Consultant connected with the Business
  • Earlier than 15 days
    Head Of Customer Relationship, Mumbai, Financial Consultant connected with the Business
  • Earlier than 15 days
    Director, Mumbai, Financial Consultant connected with the Business
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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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