Spices Company Seeking Loan in Colombo, Sri Lanka
Company specializing in processing and exporting spices and coconut with $1.5M monthly revenue, seeking funding.
| Established | 5-10 year(s) |
| Employees | 10 - 50 |
| Legal Entity | Private Limited Company |
| Reported Sales | USD 1.5 million |
| Run Rate Sales | USD 18 million |
| EBITDA Margin | 3 % |
| Industries | Import / Export + 1 more |
| Locations | Colombo |
| Local Time | 4:52 PM Asia / Colombo |
| Listed By | Business Owner / Director |
| Status | Active |
Seeking Loan
USD
300 thousand
for
13.0%
annual interest,
1
year
(Native Currency: USD 300,000)
Reason: Seeking funding for working capital to earn higher profit margins.
The sought transaction amount is...
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Collateral Available: USD 0
Includes physical assets worth
USD
500 thousand
Interested to connect with advisors
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Business Name
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Business Overview
- The company specialises in processing spices and coconut, with a focus on exports to India.
- Business is headquartered in Colombo and has a total of 10 permanent employees, with the capacity to hire additional workers on an hourly basis to meet fluctuating demands.
- The company's current monthly revenue is $1.5 million, and there has been significant growth as compared to last year due to an increase in export clientele and high volume orders.
- As a B2B wholesale supplier, the company has a diverse customer base, with 5 major export clients in India and 3-4 major domestic clients who are all major spice traders, and receives 10-15 orders per month.
- The machine has a maximum capacity of 2 tons and will be utilized according to seasonal demands and order volumes.
- Company is actively engaged in international trade shows, having participated in Gulf Food this year and planning to attend Sial Paris, indicating a commitment to expanding its market presence.
- The business holds ISFDA, USFDA certification and is registered for GST.
- The company's sourcing strategy involves procuring raw materials directly from local farmers in Sri Lanka.
- Business is headquartered in Colombo and has a total of 10 permanent employees, with the capacity to hire additional workers on an hourly basis to meet fluctuating demands.
- The company's current monthly revenue is $1.5 million, and there has been significant growth as compared to last year due to an increase in export clientele and high volume orders.
- As a B2B wholesale supplier, the company has a diverse customer base, with 5 major export clients in India and 3-4 major domestic clients who are all major spice traders, and receives 10-15 orders per month.
- The machine has a maximum capacity of 2 tons and will be utilized according to seasonal demands and order volumes.
- Company is actively engaged in international trade shows, having participated in Gulf Food this year and planning to attend Sial Paris, indicating a commitment to expanding its market presence.
- The business holds ISFDA, USFDA certification and is registered for GST.
- The company's sourcing strategy involves procuring raw materials directly from local farmers in Sri Lanka.
Products & Services Overview
Black pepper and areca nut are the major products which are being exported to India.Clients are major spice trading companies.
Majority of the revenue is from the export channels.
Assets Overview
Physical assets include 60 perches of land & property which is 80% and the rest are machines, lorry, SUV and bikes.
Facilities Overview
We have a 3,000 sq ft factory and a 6,000 sq ft warehouse in Ratmalana, both rented for a monthly rate of USD 5,373.80.
Capitalization Overview
There are four shareholders, the main shareholder holds 40%, while the remaining three each hold 20%. The venture is self-funded, supplemented by bank loans, with some outstanding amounts owed to two private investors.
Recent Activity
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Earlier than 15 daysBusiness Development Director, Electronics & FMCG, Kowloon, Individual Investor / Buyer connected with the Business
-
Earlier than 15 daysExecutive Director, Investment Management, Dehiwala-Mount Lavinia, Corporate Investor / Buyer connected with the Business
-
Earlier than 15 daysManager, Bank, Moratuwa, Individual Investor / Buyer connected with the Business
Tags:
Import / Export Company Seeking Loan in Colombo, Sri Lanka
·Lend to Import / Export Company in Colombo, Sri Lanka
·Spices Company Seeking Loan in Colombo, Sri Lanka
·Lend to Spices Company in Colombo, Sri Lanka
·Import / Export Company Seeking Loan
·Lend to Import / Export Company
·Spices Company Seeking Loan
·Lend to Spices Company
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