Need help?

Solar PV Systems Business Seeking Loan in Basrah, Iraq

Company importing clean energy products from China and providing shipping and customs services to clients.

Established 5-10 year(s)
Employees 2 - 5
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales USD 380 thousand
Run Rate Sales USD 410 thousand
EBITDA Margin 28 %
Industries Solar PV Systems + 1 more
Locations  Basrah
Local Time 1:42 PM Asia / Baghdad
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 190 thousand for 14.0% annual interest, 3 years (Native Currency: IQD 250,000,000)
Reason: Want to enter the clean energy race in Iraq because it is a new phenomenon in the country and have s... View More
Collateral Available: USD 305 thousand
Includes physical assets worth USD 76 thousand
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Available after connect
User Verification
Documents
Business Overview
- Situated in the Basra Governorate, the company specializes in importing electric cars and solar energy systems from China, addressing Iraq's critical need for reliable energy solutions amidst frequent power outages.
- Since its inception, the business has been pivotal in promoting renewable energy solutions in Iraq, contributing towards reducing environmental pollution and greenhouse gas emissions.
- The company leverages the emerging market for clean energy, capitalizing on the heightened demand as Iraq shifts focus towards sustainable energy alternatives.
- Offering shipping and customs clearance services for partners, the business facilitates seamless logistics for electric vehicles and solar systems, enhancing the value proposition for clients across the globe.
- We generate revenue by selling the products for profit.
- Officially registered with a registration certificate, the company provides container shipping services from China to various countries, reaching a broad base of merchants and stakeholders in the clean energy sector.
- We hire additional staff based on demand.
Products & Services Overview
We supply electric cars and solar energy systems for homes. We procure products from China and export to other countries. There is a wide demand for this type of product in Iraq due to Iraq's perennial problem with power outages. In addition, our company's goal is to educate the community on reducing fuel vehicles and reducing environmental pollution.
Assets Overview
Assets include electric cars, all clean energy products, electric car charging station setup.
Facilities Overview
Small rented office with an area of 12 square meters and a warehouse for products with an area of 900 square meters. We also have a branch of the company in central Iraq and we have an empty agricultural land in which we can build a warehouse with an area of more than 4000 square meters and it is very close to the capital, Baghdad.
Capitalization Overview
There are no shareholders or investors for the project. Single owner business. The company's outstanding debts are only $40,000.
The company needs the next project, which will be a great project in Iraq.
Recent Activity
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
1 Investor contacted this Business this month. 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.
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 active are the business profiles listed on SMERGERS?
    • How does SMERGERS rate business profiles?
    • Do I need to pay to connect with a business?
    • Show more