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Seafood Processing Company Seeking Loan in Ajman, UAE

UAE-based fish processing company seeks Trade Loan to fund the working capital requirements.
This Business is on a Premium Plan
Established 10-20 year(s)
Employees 10 - 50
Legal Entity Limited Liability Company (LLC)
Reported Sales USD 3.3 million
Run Rate Sales USD 3.3 million
EBITDA Margin 8 %
Industries Frozen Food + 1 more
Locations  Ajman
Local Time 12:05 AM Asia / Dubai
Listed By Advisor / Business Broker
Status Active
Overall Rating
Seeking Loan
USD 820 thousand for 36.0% annual interest, 4 years (Native Currency: AED 3,000,000)
Reason: Lack of working capital availability. The model runs 4 to 8 trading seafood trading cycles in parall... View More
Collateral Available: USD 1.36 million
Includes physical assets worth USD 2.7 million
Name, Phone, Email
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Business Name
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User Verification
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Business Overview
- Fish processing company (flagship company) offers its customers the following:
A. Fresh fish.
B. Frozen fish.
C. All other seafood of the best quality.
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- The total land area of 38,000 square feet with constructed factory area of 22000 square feet.
- The land is taken on long term lease.
Company has machinery worth over AED 10 million.
- The labor camp behind the factory can accommodate 120 labors.
- Company has fresh fish customers in UAE Oman, Vietnam, Honk kong, USA, India and other countries.
At its peak company generated an annual turnover of AED 60 million.
- The company exports to GCC countries all kinds of sea foods and exports extensively to Korea, Bangladesh, Vietnam, and Hong Kong and USA.
- Generates 80% of sales through the export of the product and 20% of sales through local sales.
- Unit has a freezing capacity of 20 tonnes per day and a chiller capacity of 10 tonnes per day.
- The company has a cold storage capacity of 500 tonnes on the whole.
- LLC company with a single owner.
- Company has no Loan as on date.
Products & Services Overview
Fish processing, cold storage, and fish trading.
Assets Overview
Chiller facility, cold storage facility, blazer facility, along with packing and cleaning equipment, and other plant and machinery worth AED 10 million.
Facilities Overview
- The total land area of 38,000 square feet with constructed factory area of 22 000 square feet.
- Labour camp behind the factory can accommodate 120 labours.
- Land has been valued at AED 11 million and plant and machinery have been valued at AED 9 million.
Capitalization Overview
Business is fully funded by promoter. There is no loan with banks or outsiders. Even rent for the property is prepaid till august next year.
Recent Activity
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1 Investor contacted this Business this week. Register below to connect now!
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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