Sea-Borne Tankers Company Seeking Loan in Chennai, India
Starting a shipping company led by Merchant Navy Captain by bidding for a multi support vessel with contract.
This transaction has concluded.
Premium Plan
| Established | 10-20 year(s) |
| Employees | 10 - 50 |
| Legal Entity | Private Limited Company |
| Reported Sales | Nil |
| Run Rate Sales | Nil |
| EBITDA Margin | Nil |
| Industries | Sea-Borne Tankers |
| Locations | Chennai |
| Local Time | 6:06 AM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Active |
Seeking Loan
USD
3.6 million
for
18.0%
annual interest,
2
years
(Native Currency: INR 300,000,000)
Reason: Require funding in order to bid for a MSV coming under auction with an ONGC contract. We can also of...
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Collateral Available: USD 0
Interested to connect with advisors
Documents
Business Overview
- We are an established service company that is looking to foray into shipping by starting a Special Purpose Vehicle entity.
- Planning on bidding for a Multi Support Vessel (MSV) on contract with ONGC for 3 years.
- The MSV is specialized for use in oil fields and not for passenger or cargo movement.
- Team of 54 full time staff is ready along with diving support teams which would be provided by ONGC.
- Director is a Merchant Navy captain having over 36 years of experience in the marine line.
- The vessel will be put forward as collateral for investors upon successful bidding.
Products & Services Overview
Oil field specializing in shipping vehicles.
Facilities Overview
Office in Chennai of 5,000 Sq. Ft having 3 floors. Rented for 5 years.
Capitalization Overview
Not Disclosed
Recent Activity
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Earlier than 15 daysCEO, Mumbai, Financial Consultant connected with the Business
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Earlier than 15 daysFounder & CEO, Chennai, M&A Advisor connected with the Business
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Earlier than 15 daysVice President, Freight, Mumbai, Corporate Investor / Buyer connected with the Business
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