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Fishing Company Seeking Loan in Mauritania

Fishing company that was operating in Mauritania and is now looking to buy 7 vessels.
This Business is on a Premium Plan
Established 20-30 year(s)
Employees 5 - 10
Legal Entity Private Limited Company
Reported Sales USD 10 - 20 million
Run Rate Sales Nil
EBITDA Margin 10 - 20 %
Industries Fishing
Locations Mauritania
Local Time 12:40 AM Europe / Madrid
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 50 million for 10.0% annual interest, 10 years (Native Currency: USD 50,000,000)
Reason: For purchase of 7 vessels.
Collateral Available: USD 0
Documents
Business Overview

We are a fishing company that was operating in the fishing zones of Mauritania. We had 3 trawlers and would unload our frozen fish on reefers in Nouadhibou port. Currently we do not have operations but we are looking to buy 7 vessels to start our operations again. This would allow us to catch and freeze 200 tonnes of fish per day. We would deal in fish of various types such as Burro, Mackerel, Horse Mackerel, Sardine, Pargo, Dentex and Bonito. The main buyer for our product would be a company from England and we are in talks with other companies as well. Promoter has been working as a captain on shipping vessels since 1981.

Products & Services Overview

Fishing in Mauritania and sale of frozen fish.

Assets Overview

Vessels which I will are bought, will be an asset of the company.

Facilities Overview

Rented office space in the city of Las Palmas, Canary Islands.

Capitalization Overview
Not Disclosed
Recent Activity
  • Earlier than 15 days
    Managing Director, Dubai, Business Broker connected with the Business
  • Earlier than 15 days
    Founder, Mumbai, Financial Consultant connected with the Business
  • Earlier than 15 days
    Founding Partner, Jakarta, 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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