Profitable Granite & Marble Business Seeking Loan in Adoni, India
Granite miner, manufacturer, and retailer seeks a small business loan to boost export sales.
| Established | 5-10 year(s) |
| Employees | 10 - 50 |
| Legal Entity | Sole Proprietorship/Sole Trader |
| Reported Sales | USD 420 thousand |
| Run Rate Sales | USD 490 thousand |
| EBITDA Margin | 40 % |
| Industries | Granite & Marble |
| Locations | Adoni |
| Local Time | 10:26 PM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Active |
Seeking Loan
USD
59 thousand
for
16.0%
annual interest,
2
years
(Native Currency: INR 5,000,000)
Reason: We need funds to ramp up our production. We will focus on exports and almost double our sales on pum...
View More
Collateral Available: USD 0
Includes physical assets worth
USD
122 thousand
Name, Phone, Email
Available after connect
Business Name
Available after connect
User Verification
Business Overview
- Selling granite blocks, temple stones, granite slabs, and custom granite artifacts to customers in Andhra Pradesh and the rest of India.
- Currently employing 20 people and processes 200-250 cubic meters of stone every month.
- Supplies temple stones to a factory for further processing for construction.
- Also used in tombstones.
- Pre-Covid had lot of exports which is not the case for the last 3 years. Recently restarted our export activities to China.
- Business enjoys a high operational and net profit margin similar to other players in the industry.
- Currently employing 20 people and processes 200-250 cubic meters of stone every month.
- Supplies temple stones to a factory for further processing for construction.
- Also used in tombstones.
- Pre-Covid had lot of exports which is not the case for the last 3 years. Recently restarted our export activities to China.
- Business enjoys a high operational and net profit margin similar to other players in the industry.
Products & Services Overview
Granite blocks, granite slabs, temple stones, and custom granite artifacts.
Assets Overview
Tangible assets:- 2 excavators; one is 4 years old and the other is 7 years old and they are worth INR 50 lakh and INR 40 lakh respectively.
- 4 compressors, with each worth INR 3.5 lakh. Total value comes to INR 14 lakh.
Intangible assets:
- We have 2 mining leases of 20 years with 12 years remaining on each lease. We have option for automatic renewal of the leases.
Facilities Overview
Mines:- 1 hectare mine of red multi & cats eye brown.
- 1 hectare mine of plain red,
Processing:
- 1 leased cutting and polishing unit of 1 acre. The unit is located in Adoni.
Office premises are located in Adoni as well.
Capitalization Overview
- Sole proprietorship with no bank loans.
Recent Activity
-
Earlier than 15 daysConsultant, Management Consultancy, Singapore, Individual Investor / Buyer connected with the Business
Tags:
Profitable Granite & Marble Business Seeking Loan in Adoni, India
·Profitable Granite Factory Business Seeking Loan in Adoni, India
·Profitable Granite Quarry Business Seeking Loan in Adoni, India
·Profitable Granite Mining Business Seeking Loan in Adoni, India
·Lend to Profitable Granite & Marble Business in Adoni, India
·Lend to Profitable Granite Factory Business in Adoni, India
·Lend to Profitable Granite Quarry Business in Adoni, India
·Lend to Profitable Granite Mining Business in Adoni, India
·Profitable Granite & Marble Business Seeking Loan
·Profitable Granite Factory Business Seeking Loan
·Profitable Granite Quarry Business Seeking Loan
·Profitable Granite Mining Business Seeking Loan
·Lend to Profitable Granite & Marble Business
·Lend to Profitable Granite Factory Business
·Lend to Profitable Granite Quarry Business
·Lend to Profitable Granite Mining Business
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.
Contact Business
2 Investors already contacted this Business.
Register below to connect now!
- Social
- Register
- Login
Who uses SMERGERS?
... and 122,500+ other businesses of all sizes.
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.
You might also be interested in these businesses