Gifting Company Seeking Loan in Ras Al-Khaimah, UAE
Company specializing in selling merchandise & souvenirs to retail shops in UAE seeks funding.
| Established | 5-10 year(s) |
| Employees | 2 - 5 |
| Legal Entity | Limited Liability Company (LLC) |
| Reported Sales | USD 270 thousand |
| Run Rate Sales | USD 210 thousand |
| EBITDA Margin | 30 % |
| Industries | Gifting |
| Locations | Ras Al-Khaimah |
| Local Time | 6:45 AM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Moderately Active |
Seeking Loan
USD
57 thousand
for
12.0%
annual interest,
3
years
(Native Currency: AED 210,000)
Reason: To set-up a retail shop in the UAE and then expand to a chain of stores. We are also open to an equi...
View More
Collateral Available: USD 0
Includes physical assets worth
USD
136 thousand
Name, Phone, Email
Not disclosed
Business Name
Not disclosed
User Verification
Documents
Domain-Verification.pdf
(213.0 KB)
Business Overview
- Company is based out of Ras Al-Khaimah and sells gifts & souvenirs, handicrafts, merchandises to major retail shops and tourists.
- Products are sold under our own brand name.
- We sell the products to 6-7 clients who have chain of retail outlets across the UAE.
- We specialize in selling customized gifts items.
- We supply the products to retail stores and they pay us after 30-50 days so the business has an outstanding amount of AED 100-150K with retail store clients.
- Promoter also owns a 2,000 sq ft factory in Agra, India that has been operational for over 40 years. This factory exports product to business in the UAE.
- The factory in India has the capacity to produce AED 500K worth of merchandises per month.
- Indian and UAE companies are different entities even though they are owned by the same individual.
- Promoter is based in UAE but during this pandemic, he is in India hence would be available on the Indian phone number.
- Sales have been reduced due to a reduction in tourists, as a result, of the pandemic.
- Physical assets owned by this business include product inventory.
- Products are sold under our own brand name.
- We sell the products to 6-7 clients who have chain of retail outlets across the UAE.
- We specialize in selling customized gifts items.
- We supply the products to retail stores and they pay us after 30-50 days so the business has an outstanding amount of AED 100-150K with retail store clients.
- Promoter also owns a 2,000 sq ft factory in Agra, India that has been operational for over 40 years. This factory exports product to business in the UAE.
- The factory in India has the capacity to produce AED 500K worth of merchandises per month.
- Indian and UAE companies are different entities even though they are owned by the same individual.
- Promoter is based in UAE but during this pandemic, he is in India hence would be available on the Indian phone number.
- Sales have been reduced due to a reduction in tourists, as a result, of the pandemic.
- Physical assets owned by this business include product inventory.
Products & Services Overview
We sell gifts & souvenirs, handicrafts, merchandises major retail shops located near tourist spots.
Facilities Overview
Rented 300 sq ft facility in UAE and we pay a monthly rent of 40,000 dirhams.
Capitalization Overview
Not Disclosed
Recent Activity
-
Earlier than 15 daysFounder And Chief Solutions Officer, Dubai, Financial Consultant connected with the Business
-
Earlier than 15 daysOwner, Hospitality, Kolkata, Individual Investor / Buyer connected with the Business
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