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Oil Services Business Seeking Loan in Kakinada, India

ISO certified company provides logistics and ship services to offshore oil & gas rigs.
This transaction has concluded.
This Business is on a Premium Plan
Established 10-20 year(s)
Employees 10 - 50
Legal Entity General Partnership
Reported Sales USD 300 thousand
Run Rate Sales USD 300 thousand
EBITDA Margin 10 %
Industries Oil Services + 1 more
Locations  Kakinada
Local Time 1:58 AM Asia / Kolkata
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Seeking Loan
USD 500 thousand for 11.0% annual interest, 4 years (Native Currency: INR 40,000,000)
Reason: For construction of tug boat and expansion of the business.
Collateral Available: USD 800 thousand
Includes physical assets worth USD 260 thousand
Interested to connect with advisors
Documents
Profile
ISO Certificate
Business Overview

- We are an ISO certified company that specializes in provision of various logistics and ship services to offshore O&G rigs.

- We have worked with more than 50 clients pan India including foreign MNCs like Haliburton.

- Presently we have 4 contracts including 1 with ONGC and 2 contracts in the pipeline.

- Contract length is determined by the scope of the work required from us.

- Some of our services include tow and anchor handling, carriage of men and material between base / ports and offshore and stevedoring.

- We do not own any of the ships that provide the services. We acquire the contracts and then hire ships based on our requirement.

- Promoter has more than 14 years of experience in the business.

Products & Services Overview

Services include towing & anchor handling operations in offshore, carriage of men and materials between base / ports and offshore installations as well as between offshore installations, standby and rescue operations in offshore rigs, routine surveillance in offshore rigs for safety and security reasons.

Assets Overview

1 shipping vessel owned by the company which is not used for the O&G services, land, office building and other office equipment.

Facilities Overview

Owned office of 1,400 Sq Ft in Kakinada.

Capitalization Overview
Not Disclosed
Recent Activity
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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.

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