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 Business is on a Premium Plan
Established From
Employees
Legal Entity
Reported Sales
Run Rate Sales
Nil
EBITDA Margin
Operating at break even
Industries
Locations
Local Time
6:22 AM Chennai
Listed By
Business Owner / Director
Status
Active
Overall Rating
Seeking Loan
USD 4.3 million for 18.0% annual interest, 2.0 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... View More
Collateral Available: USD 0
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Business Name
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Documents
Investor Pitch
GST Certificate
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
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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