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Synthetic Fuels Business Seeking Loan in Mumbai, India

Trader of special quality steel products and manufacturer of fuel oil from waste tyres.

Established 5-10 year(s)
Employees 10 - 50
Legal Entity General Partnership
Reported Sales USD 1.2 million
Run Rate Sales USD 300 thousand
EBITDA Margin 14 %
Industries Synthetic Fuels + 1 more
Locations  Mumbai
Local Time 2:58 PM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 360 thousand for 12.0% annual interest, 5 years (Native Currency: INR 30,000,000)
Reason: - Buy additional machinery for our factory.
- Clear the existing loans to reduce monthly EMI.
Collateral Available: USD 0
Includes physical assets worth USD 200 thousand
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Business Name
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Business Overview

Business was started as a steel trading entity in 2017 and during the last year, we also started a factory to manufacture fuel oil from waste tyres. Last year, we generated 85% of revenue from steel trading segment and 15% revenue from fuel oil segment. Going forward, we expect to generate 60% of revenue from steel trading segment and rest 40% from fuel oil segment. Our run rate revenue has reduced due to COVID-19.

Steel trading segment:

In the steel trading segment, we buy and sell the special quality steel plates and coils used in industrial machinery. We buy the products from 7 vendors in Mumbai and sell them to 10 clients across India. We do not have a facility to store products as we buy from vendors and then arrange a delivery directly to client's location.

Fuel oil segment:

We manufacture fuel oil using waste tyres and sell it to 7-8 clients. Produce fuel oil equivalent to furnace oil and LDO (Light Diesel Oil). Procure raw materials from 4-5 vendors. Factory has a monthly production capacity of 240 MT and we operate at 100% capacity. Have all the necessary licenses & certificates including NOC and pollution certificate.

Looking to raise funds to expand our fuel oil segment. We are open for equity / debt funding. If it's an equity investment, we are open to offer equity in the entire firm or register a new entity only for our fuel oil segment. Business owned assets include plant & machinery and building.

Products & Services Overview

1. Trading of special quality steel plates and coils.

2. Manufacturing of fuel oil from waste tyre recycling. We also sell by-products i. e. black carbon powder.

Facilities Overview

Rented factory of 2 acres. The land is rented, however, the building was constructed by our firm. Have constructed a building for office work and for labour accommodation.

Capitalization Overview
Not Disclosed
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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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