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Profitable Ship Repairing Company Seeking Loan in Mumbai, India

Ship management company, seeking funds for buying demolition vessels, to recycle and sell them.

Established 10-20 year(s)
Employees 10 - 50
Legal Entity Private Limited Company
Reported Sales USD 180 thousand
Run Rate Sales USD 220 thousand
EBITDA Margin 30 %
Industries Ship Repairing
Locations  Mumbai
Local Time 9:29 AM Asia / Kolkata
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Seeking Loan
USD 1.8 million for 15.0% annual interest, 1 year (Native Currency: INR 150,000,000)
Reason: To buy out a demolition vessel from Indonesia and for project expenses.
Collateral Available: USD 0
Includes physical assets worth USD 360 thousand
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Business Name
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Business Overview

- We are a reputed ship management firm based in Mumbai. We offer a multitude of services, ranging from crew management, ship maintenance and scrapping services.

- Demolition, scrapping and recycling services are a newly introduced vertical, and we have worked on 2 vessels till date.

- We bagged a new contract for demolition vessel which has be bought from Indonesia. We are currently in the inspection stage to evaluate the scrap worth of the vessel.

- Seeking funds to purchase the vessel from Indonesian owner for demolition and reselling it's scrap.

Products & Services Overview

Crew management, Ship maintenance, inspection, demolition and scrapping.

Facilities Overview

1,100 Sq. Ft. rented facility.

Capitalization Overview
Not Disclosed
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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