Synthetic Fuels Business Seeking Loan in Mumbai, India

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

Established
Employees
Legal Entity
Reported Sales
Run Rate Sales USD 320 thousand
EBITDA Margin 14 %
Industries Synthetic Fuels + 1 more
Locations  Mumbai
Local Time 7:50 AM India
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 400 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 230 thousand
Name, Phone, Email
Available after connect
Business Name
Available after connect
User Verification
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
Recent Activity
  • Earlier than 15 days
    CEO, Delhi, Financial Consultant connected with this 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.
Contact 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.
You might also be interested in these businesses

Frequently
Asked
Questions

  • Why can’t I see the business’ name or contact number? How do I contact the business?
  • What level of due diligence does SMERGERS conduct on the businesses/member?
  • How active are the business profiles listed on SMERGERS?
  • How does SMERGERS rate business profiles?
  • Do I need to pay to connect with a business?
  • Show more