↩ Go Back
Need help?

Granite & Marble Business Seeking Loan in Ongole, India

Firm seeking capital to set up mining operations in a 2.84 hectare owned granite mine.
This transaction has concluded.

Established 10-20 year(s)
Employees 5 - 10
Legal Entity Limited Liability Partnership (LLP)
Reported Sales Nil
Run Rate Sales Nil
EBITDA Margin Nil
Industries Granite & Marble
Locations  Ongole
Local Time 2:02 PM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 120 thousand for 18.0% annual interest, 1 year (Native Currency: INR 10,000,000)
Reason: The loan will be used to fund part of the working capital specifically the fixed costs for equipment... View More
Collateral Available: USD 120 thousand
Documents
Business Overview

- Seeking capital to set up granite mining operations.

- Promoters have already acquired the lease for a granite mine spread across 2.84 hectares.

- The value of the mine lease owned by the promoter is INR 5.6 crores.

- The mine has estimated deposits of 8,35,004 cubic meters.

- Granite found in the mine is absolute black granite which is export grade and also has a high demand in the local market.

- Have already secured approval for the mining plan which is valid for 5 years and allows us to mine 25,000 cubic meters.

- Also secured a mining permit which is valid for 20 years.

- Both approvals can be renewed at the end of their terms.

- Have already cleared most of the environmental clearance requirements and there are 2 stages pending for us to secure the clearance.

- This is expected to be completed within the next few weeks and we intend to start operations in one month's time.

- Have already spoken with vendors from whom we intend to lease the mining equipment and hire contract staff.

- The estimated operational costs for the mine is expected to be fixed costs of INR 20 lakh / month and variable costs of INR 14 - 20 lakh / month to mine 400 cubic meters / month.

- The average market price for granite is INR 25,000 to 38,000 / cubic meter based on its quality.

- The granite found in our mines is high grade and is expected to sell for INR 35,000 - 38,000 / cubic meter.

- We project costs of INR 10,000 to mine 1 cubic meter.

- Promoters run another metal mining company with an annual turnover of INR 1 cr.

Products & Services Overview

Manufacturing (mining) of export quality absolute black granite stone block.

Facilities Overview

2.84 hectares of land with estimated granite deposits of 8,35,004 cubic meters.

Capitalization Overview
Not Disclosed
Recent Activity
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. Note that SMERGERS is not liable for any loss, damage, costs, claims and expenses whatsoever arising from transacting with any other user from the website. The final responsibility of conducting a thorough due diligence and taking the transaction forward lies with the users. Please read best practices on SMERGERS.
This transaction has concluded. View similar business opportunities on SMERGERS
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.

Frequently
Asked
Questions

  • Why can’t I see the business’ name or contact number? How do I contact the business?
  • What level of due diligence does SMERGERS conduct on the businesses/member?
  • How active are the business profiles listed on SMERGERS?
  • How does SMERGERS rate business profiles?
  • Do I need to pay to connect with a business?
  • Show more