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Spices Company Seeking Loan in Kandy, Sri Lanka

Ceylon tea and spices manufacturing company supplying to 25-30 wholesalers seek a loan.

Established 1-5 year(s)
Employees 5 - 10
Legal Entity Private Limited Company
Reported Sales USD 4 - 5 thousand
Run Rate Sales USD 15 thousand
EBITDA Margin 10 - 20 %
Industries Spices
Locations  Kandy
Local Time 2:02 PM Asia / Colombo
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 3.4 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 700
Includes physical assets worth USD 13 thousand
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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.

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.

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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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