Spices Company Seeking Loan in Kandy, Sri Lanka
Ceylon tea and spices manufacturing company supplying to 25-30 wholesalers seek a loan.
This transaction has concluded.
| Established | 1-5 year(s) |
| Employees | 5 - 10 |
| Legal Entity | Private Limited Company |
| Reported Sales | USD 3 - 4 thousand |
| Run Rate Sales | USD 14.7 thousand |
| EBITDA Margin | 10 - 20 % |
| Industries | Spices |
| Locations | Kandy |
| Local Time | 4:48 PM Asia / Colombo |
| Listed By | Business Owner / Director |
| Status | Active |
Seeking Loan
USD
3.23 thousand
for
20.0%
annual interest,
1
year
(Native Currency: LKR 1,000,000)
Reason: Need funds to buy machinery since packing and processing are done manually and to get a separate bui...
View More
Collateral Available: USD 650
Includes physical assets worth
USD
12.3 thousand
Interested to connect with advisors
Documents
Business Overview
- Registered company in Sri Lanka and we are working through remote systems to coordinate with our second director.
- We get the raw materials from 7-8 vendors.
- We are producing our own Ceylon spices and supplying them to 25-30 wholesalers and are getting new clients based in the middle east mostly.
- Ceylon tea is approved by the Sri Lankan Tea board. Our spices are highly recommended for exports and also we are producing 6-7 tonnes on a monthly basis.
- Can supply pure Ceylon cinnamon, nutmeg, mace, black pepper, white pepper, cloves, cardamom, garcinia Cambodia (goraka), tamarind, and special spices mixes for occasional events with our own product brand name.
- We get the raw materials from 7-8 vendors.
- We are producing our own Ceylon spices and supplying them to 25-30 wholesalers and are getting new clients based in the middle east mostly.
- Ceylon tea is approved by the Sri Lankan Tea board. Our spices are highly recommended for exports and also we are producing 6-7 tonnes on a monthly basis.
- Can supply pure Ceylon cinnamon, nutmeg, mace, black pepper, white pepper, cloves, cardamom, garcinia Cambodia (goraka), tamarind, and special spices mixes for occasional events with our own product brand name.
Products & Services Overview
We are into different spices manufacturing in Kandy.
Assets Overview
Tangible assets include stock worth LKR 2 million, and a bike for company operations.
Facilities Overview
The office is located in the east of the city on 112 sq ft of area with a monthly rent of LKR 25,000.
Capitalization Overview
- The company started with personal investments.- We have 2 directors as working partners. 1 working in Sri Lanka in our productions and company operations and the 2nd director is living in UAE promoting our products in the middle east, especially in United Arab Emirates (Dubai)
- Until now our company doesn't have any loans or any credits to pay.
Recent Activity
-
Earlier than 15 daysSenior Investment Manager, Danish Development Fund (IFU), Copenhagen, Private Equity Firm connected with the Business
-
Earlier than 15 daysCEO, Chennai, Financial Consultant connected with the Business
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.
