↩ Go Back
Need help?

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 430 thousand
Run Rate Sales USD 500 thousand
EBITDA Margin 40 %
Industries Granite & Marble
Locations  Adoni
Local Time 9:43 PM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 60 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 120 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.

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
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!

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

    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