Scrap Metal Business Seeking Loan in Maharashtra, India

Conversion of scrap metal into end products which are supplied to metal companies and defense.

Established From
Employees
Legal Entity
Reported Sales
Run Rate Sales
USD 400 thousand
EBITDA Margin
5 %
Industries
Locations
Local Time
11:26 PM India
Listed By
Business Owner / Director
Status
Active
Overall Rating
Seeking Loan
USD 130 thousand for 10.0% annual interest, 1 year (Native Currency: INR 10,000,000)
Reason: Looking for funds in order to complete government tenders and take on more projects.
Collateral Available: USD 0
Includes physical assets worth USD 100 thousand
Name, Phone, Email
Available after connect
Business Name
Not disclosed
User Verification
Business Overview

- We procure non ferrous scrap metal from different government and corporate auctions.

- This scrap metal is converted to end products through the use of local manufacturers to whom we pay a conversion fee.

- The end product is then sold to various metal companies and to the defense sector.

- Some of our clients include Nagpur Pyrolusite, SS Metal and Alloys, Minex Metallurgical and Vizag Steel Plant.

- Most of our business is in Maharashtra but we also conduct activities in other parts of India.

- Company has recently received a tender from the Government worth INR 50 Lakh.

- Promoter has been working in this industry for over 10 years.

- Company's physical assets include owned land and office.

Products & Services Overview

Non ferrous metal scrap, non ferrous alloy, supply of end products to various companies.

Facilities Overview
Recent Activity
  • 2 days, 6 hours ago
    Founder, Mumbai, Financial Consultant connected with this 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
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 can I be sure that the business profile will be active?
  • How does SMERGERS rate business profiles?
  • Do I need to pay to connect with a business?
  • Show more