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Engineering, Procurement & Construction Business Seeking Loan in Khulna, Bangladesh

Company executes government river dredging projects, with 5 projects in hand.

Established 5-10 year(s)
Employees 10 - 50
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales USD 600 - 700 thousand
Run Rate Sales Nil
EBITDA Margin 20 - 30 %
Industries Engineering, Procurement & Construction
Locations  Khulna
Local Time 6:32 AM Asia / Dhaka
Listed By Management Member
Status Active
Overall Rating
Seeking Loan
USD 2.4 million for 15.0% annual interest, 1 year (Native Currency: BDT 260,000,000)
Reason: To purchase a dredger and for working capital to finance the upcoming projects.
Collateral Available: USD 360 thousand
Includes physical assets worth USD 360 thousand
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Not disclosed
User Verification
Documents
Trade License
Company Profile
Business Overview

- We primarily executes river dredging projects. We also undertake construction of roads and road maintenance projects.

- We execute only government projects and have completed 3 projects so far, which includes the dredging project at Mongla Posur river.

- Have 4-5 projects in hand from the Bangladesh Inland Water Transport Authority which will bring in total revenue of BDT 50 crore.

- Our initial projects were completed using rental dredgers, but we are unable to rent one at the moment.

- We need funds to purchase a dredger and for working capital to finance the upcoming projects.

- Have already got a proposal from a Holland-based dredger manufacturing company.

- Our projects are currently on hold due to COVID-19 but we are ready to begin operations once the government provides clearance.

- Promoter has over 5 years of industry experience.

- Business owned assets include 1,200 sq mt land and office.

Products & Services Overview

River dredging projects, road construction, road maintenance.

Facilities Overview

Own office of 1,200 sq mt.

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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