Freight Forwarder Seeking Loan in Dubai, United Arab Emirates
Established | 5-10 year(s) |
Employees | 10 - 50 |
Legal Entity | Limited Liability Company (LLC) |
Reported Sales | USD 2 - 3 million |
Run Rate Sales | USD 3.3 million |
EBITDA Margin | 0 - 10 % |
Industries | Freight Forwarder |
Locations | Dubai |
Local Time | 3:44 PM Asia / Dubai |
Listed By | Business Owner / Director |
Status | Moderately Active |
- Company provides freight forwarding services for the movement of heavy machinery, construction materials and equipment through air and sea.
- We have tie-ups with 6 air logistics and 4 sea logistics companies.
- Have 17+ permanent clients in Dubai who imports & exports regularly and we take care of their customs and freight forwarding activities.
- Additionally, we have 150+ clients in Zimbabwe, 8 clients in Zambia, and 7 clients in Botswana who imports regularly from Dubai and we undertake their freight forwarding activities.
- African market has a huge opportunity for freight forwarders and as a result, we have set-up an office in Zimbabwe. We also plan to set-up offices in Zambia and Botswana.
- The office in Zimbabwe only provides us leads / customers from southern Africa who wants to import goods from Dubai and then we undertake the freight forwarding process.
- Apart from receiving freight forwarding orders directly from our clients, we have also established tie-ups with 350 other freight forwarders based in 75 countries who provide us referral orders. We have good & friendly relation with all our international tie-ups.
- Generate 80% of sales through direct orders and remaining 20% sales through referral orders.
- Company has won 2 awards and both of them were awarded by Asian Logistics Leadership Award.
Award 1: Best Logistics Service Provider (Project Cargo and Heavy Lift)
Award 2: Best End to End Customer Service Award.
- Founder of the company has more than 23 years of experience in this industry.
- Our run rate sales have dropped due to the impact of COVID-19.
- Our company website is currently under renovation and will be back live in about 2 week.
Freight forwarding through air, sea, consolidation (air & sea), customs clearing, shipping of heavy machinery & special equipment, charter/bulk vessel, also provide small warehousing and distribution within UAE.
Business owns 3 vehicles, 5 computers, 5 laptops, office furniture and IT equipment.
1. Leased office cum small warehousing facility in Dubai. The facility is spread on ground and mezzanine floor. Ground floor has a carpet area of 2,130 sq ft and mezzanine floor has a carpet area of 710 sq ft.
2. Rented office of 500 sq ft in Harare, Zimbabwe. This office is registered under a separate legal entity in Zimbabwe and they only provide us leads / customers.
- There are 3 shareholders in the business. The shareholding is 39%, 10%, and 51%.
- The business is currently funded by the business operations. We have a 30-day credit payment system. Once we receive the payment, the profit earned is put back to be used as working capital.
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Earlier than 15 daysCorporate Manager, Investment Management, Melbourne, Corporate Investor / Buyer connected with the Business
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Earlier than 15 daysManaging Director, Logistics & Supply Chain / 3PL, Dubai, Corporate Investor / Buyer connected with the Business
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Earlier than 15 daysFounder And Chief Solutions Officer, Dubai, Financial Consultant connected with the Business