Engineering, Procurement & Construction Company Seeking Loan in Male, Maldives
Construction company that undertakes and executes coastal protection projects for private resorts in Maldives.
Premium Plan
| Established | 5-10 year(s) |
| Employees | 5 - 10 |
| Legal Entity | Private Limited Company |
| Reported Sales | USD 650 thousand |
| Run Rate Sales | USD 78 thousand |
| EBITDA Margin | 30 - 40 % |
| Industries | Engineering, Procurement & Construction |
| Locations | Male |
| Local Time | 12:15 AM Indian / Maldives |
| Listed By | Business Owner / Director |
| Status | Active |
Seeking Loan
USD
520 thousand
for
15.0%
annual interest,
2
years
(Native Currency: MVR 8,000,000)
Reason: Funds will be used to buy new machineries in order to rent it out to other construction companies. T...
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Collateral Available: USD 520 thousand
Includes physical assets worth
USD
970 thousand
Interested to connect with advisors
Documents
Business Overview
- Company started as a sole proprietorship in 2016 and we converted it into a private limited entity in this year.
- Specialize in constructing coastal protection structures such as harbor construction, shore protection, breakwater, revetment and beach fill.
- We execute projects only for private resorts and have finished 3 coastal projection projects in Maldives till date.
- Typical length of the project ranges from 8 months to 1.5 years.
- Have 8 permanent employees and additional 7 employees on a contract basis.
- Company also provides its machinery on rent which contributes 10% to the total revenue.
- Our run rate sales have dropped due to COVID-19 as we were unable to bag large projects. At present, we are working on 1 small project.
- Founder of the company has 7 years of experience in this industry.
- Specialize in constructing coastal protection structures such as harbor construction, shore protection, breakwater, revetment and beach fill.
- We execute projects only for private resorts and have finished 3 coastal projection projects in Maldives till date.
- Typical length of the project ranges from 8 months to 1.5 years.
- Have 8 permanent employees and additional 7 employees on a contract basis.
- Company also provides its machinery on rent which contributes 10% to the total revenue.
- Our run rate sales have dropped due to COVID-19 as we were unable to bag large projects. At present, we are working on 1 small project.
- Founder of the company has 7 years of experience in this industry.
Products & Services Overview
Dredging, harbor construction, shore protection, breakwater, revetment, beach fill, land reclamation, boulders unloading, machinery rental.
Assets Overview
Company owns heavy machineries which include 3 excavators, 2 dump trucks and 1 landing craft.
Facilities Overview
- Rented office of 224 sq ft.- We haven't rented any facility to park our machineries. We park it in an open area.
Capitalization Overview
Not Disclosed
Recent Activity
-
Earlier than 15 daysManaging Director, Metals And Minerals Trading, Chennai, Corporate Investor / Buyer connected with the Business
-
Earlier than 15 daysBusiness Development Manager, Jakarta, Business Broker connected with the Business
-
Earlier than 15 daysManaging Director, Metals And Minerals, Chennai, Corporate Investor / Buyer connected with the Business
Tags:
Engineering, Procurement & Construction Company Seeking Loan in Malé, Maldives
·Lend to Engineering, Procurement & Construction Company in Malé, Maldives
·Engineering, Procurement & Construction Company Seeking Loan
·Lend to Engineering, Procurement & Construction Company
·Engineering Company Seeking Loan in Malé, Maldives
·Lend to Engineering Company in Malé, Maldives
·EPC Company Seeking Loan in Malé, Maldives
·Lend to EPC Company in Malé, Maldives
·Engineering Company Seeking Loan
·Lend to Engineering Company
·EPC Company Seeking Loan
·Lend to EPC Company
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