Iron & Steel Store Seeking Loan in Lucknow, India
Lucknow based iron and steel trader at wholesale level seeks business loan to support project.
| Established | 20-30 year(s) |
| Employees | 5 - 10 |
| Legal Entity | Sole Proprietorship/Sole Trader |
| Reported Sales | USD 1.47 million |
| Run Rate Sales | USD 1.35 million |
| EBITDA Margin | 0 - 10 % |
| Industries | Iron & Steel Stores |
| Locations | Lucknow |
| Local Time | 3:38 PM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Moderately Active |
Seeking Loan
USD
11.3 thousand
for
10.0%
annual interest,
1
year
(Native Currency: INR 1,000,000)
Reason: The business is seeking a loan to help with a project in hand.
The loan amount exceeds the physical...
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Collateral Available: USD 17 thousand
Includes physical assets worth
USD
225 thousand
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Business Name
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Business Overview
- Established wholesale trading business in the iron and steel sector, primarily based in Lucknow.
- Generates a robust monthly trading volume of approximately 200,000 kgs of metal, demonstrating significant market activity.
- Offers a diverse portfolio, featuring products such as TMT bars from reputable brands including Kamdhenu, Gallant Core, RHL Gold, Rungta Steel, and Ankur TMX.
- Strong distributor network maintained, partnering with 8-10 reliable distributors to enhance market reach and efficiency.
- Complies with GST regulations, ensuring a transparent and lawful operation.
- Employs a dedicated team of 8 permanent professionals focused on optimizing trading operations and customer relations, business occasionally hires contract employees as needed.
- Operates in a growing market environment, with increasing demand for iron and steel products within various construction sectors.
- Generates a robust monthly trading volume of approximately 200,000 kgs of metal, demonstrating significant market activity.
- Offers a diverse portfolio, featuring products such as TMT bars from reputable brands including Kamdhenu, Gallant Core, RHL Gold, Rungta Steel, and Ankur TMX.
- Strong distributor network maintained, partnering with 8-10 reliable distributors to enhance market reach and efficiency.
- Complies with GST regulations, ensuring a transparent and lawful operation.
- Employs a dedicated team of 8 permanent professionals focused on optimizing trading operations and customer relations, business occasionally hires contract employees as needed.
- Operates in a growing market environment, with increasing demand for iron and steel products within various construction sectors.
Products & Services Overview
Our top-selling products include TMT bars from Kamdhenu NXT, Gallant Core, RHL Gold, Rungta Steel, and Ankur TMX.
Assets Overview
Physical assets owned by the business are:1. Owned factory.
2. Stock.
3. 3 pickup trucks.
4. Weighing scales.
Facilities Overview
The business operates from a self-owned 11,000 square feet godown, and a 3,000 square feet double storey shop.
Capitalization Overview
The business is owned by a single owner.There is a business loan of INR 25 lakh.
The business also has an overdraft of INR 18 lakhs, and a CC limit of INR 1.5 crore.
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