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Newly Established Import / Export Company Seeking Loan in Kandy, Sri Lanka

Sri Lanka based exporter of tea and spices with monthly exporting capacity of 140,000 kilograms.

Established 0-1 year(s)
Employees 10 - 50
Legal Entity Private Limited Company
Reported Sales Nil
Run Rate Sales USD 1.03 million
EBITDA Margin 20 %
Industries Import / Export + 1 more
Locations  Kandy
Local Time 9:16 AM Asia / Colombo
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 52 thousand for 13.0% annual interest, 1 year (Native Currency: LKR 15,000,000)
Reason: - Business seeks loan to increase the exporting capacity to meet the increasing demands from the exp... View More
Collateral Available: USD 0
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Business Name
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Business Overview
- Business involves in exporting local tea and spices like cardamom, cinnamon leaves and pepper seeds to 3 countries: United Arab Emirates, Kuwait and Iraq.
- Have tied up with 3-4 manufacturing hubs and supply the products under its own distinct brand.
- Business has been operational only from January this year and has generated around LKR22 million from exporting tea and LKR 38 million from exporting spices.
- Currently has monthly exporting capacity of 100,000 KG of tea and 40,000 KG of Spices.
- Business holds an Incorporation Certificate.
Products & Services Overview
- We export local Sri Lankan tea and spices like cardamom, cinnamon leaves and pepper seeds to countries like the United Arab Emirates, Kuwait and Iraq.
- Export of spices generates the most revenue to the business.
Assets Overview
There are no physical assets, as the stock is dispatched soon after purchasing it from the manufacturers.
Facilities Overview
- Business runs in a rented warehouse facility over a space of 220 sq ft paying a monthly rent of SLR 275,000.
Capitalization Overview
- Business is self-funded, and the promoter is the only shareholder of the company.
- There are no outstanding loans/ debts on the business.
Recent Activity
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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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