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Rice Mill Seeking Loan in Rangpur Division, Bangladesh

Automatic rice mill near a water canal operating at a production capacity 8 MT PH.

Established 40-50 year(s)
Employees 10 - 50
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales USD 6 million
Run Rate Sales USD 4 million
EBITDA Margin 15 %
Industries Rice Mills
Locations  Rangpur Division
Local Time 11:55 PM Asia / Dhaka
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 600 thousand for 10.0% annual interest, 5 years (Native Currency: BDT 50,000,000)
Reason: Funds will be used for working capital.
Collateral Available: USD 460 thousand
Includes physical assets worth USD 2.3 million
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Business Overview

Firm runs a rice mill in Bangladesh that has a market presence for approx 40 years. We manufacture different types of rice under our own brand name. Have more than 50 regular clients based across the country. Factory location is good as the raw materials are available in bulk quantities. We procure raw materials directly from farmers and local markets.

Business has been running profitability over the years. Our run rate revenue has reduced due to COVID-19. Factory is fully automatic and has an hourly production capacity of 8 MT. We operate at 100% capacity. Business owned assets include land, building and machinery. Sales have dropped due to the pandemic induced business restrictions.

Products & Services Overview

Manufacture different types of rice including fine rice, broken rice, husk, bran and husk ash.

Assets Overview

Land, construction, machinery and the virtual assets.

Facilities Overview

Owned land of 183 decimal. Factory is well built and is located near water canal.

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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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