Synthetic Fuels Business Seeking Loan in Mumbai, India

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.

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.