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Profitable Ship Repairing Business Seeking Loan in Visakhapatnam, India

Company specializing in mechanical, fabrication, and electrical services for Indian Navy with 2+ annual contracts.
This Business is on a Premium Plan
Established 10-20 year(s)
Employees 50 - 100
Legal Entity General Partnership
Reported Sales USD 280 thousand
Run Rate Sales USD 650 thousand
EBITDA Margin 40 %
Industries Ship Repairing
Locations  Visakhapatnam
Local Time 11:37 AM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 36 thousand for 20.0% annual interest, 1 year (Native Currency: INR 3,000,000)
Reason: Seeking funds for working capital requirements. Although we generate good revenue, a portion of tha... View More
Collateral Available: USD 0
Includes physical assets worth USD 70 thousand
Name, Phone, Email
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Business Name
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User Verification
Documents
GST Certificate
Gun Installation
Installation
MSME Certificate
Business Overview

- Expertise in turnkey projects, specializing in mechanical, fabrication, and electrical services with the Indian Navy.

- Successful installation of weapon systems and engineering machinery in navy and defence shipyards.

- Guaranteed payments for defence projects, immune to adverse situations like pandemics or cyclones.

- Rare proficiency in diverse fields: mechanical, electrical, electronics, IT, and fabrication.

- Strategic location in Visakhapatnam, undertaking projects in Vizag, Goa, Karwar, and Kolkata.

- Boasts a workforce of 60 employees, excelling in technical turnkey projects for defense and PSU shipyards.

- Specialization in installation and repair of weapon systems and machinery.

- Yearly contracts with the Navy for equipment repairs, spanning 2 to 10 months in key locations.

- Engages in 1-2 government contracts annually, outsourcing materials as needed.

- Well-established business with a proven track record of success and an experienced team.

- Strong customer base in the aerospace and defense industry.

- Registered with GST, trade license, and MSME, reflecting compliance and credibility.

- Witnessed high growth post-COVID, attributing to its current strong cash flow.

- Financially sound, with sufficient cash flow to fund interest payments.

Products & Services Overview

Mechanical, fabrication, and electrical services with the Indian Navy.

Assets Overview

Assets include:

Machinery, stocks, fixed deposits and vehicles.

All our assets are illiquid, hence we require capital to fund projects.

Facilities Overview

Facility in Naval Dockyard, Visakhapatnam and spans 1,500 square yards equipped with the necessary machinery for all types of marine repairs. The monthly rent for this facility is INR 29k.

Capitalization Overview

Our firm runs on capital investments, OD facility, Secured and unsecured loans from banks outstanding INR 1.3 cr.

2 partners with a 50-50 split.

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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