Gifting Businesses Seeking Loan in Ras Al-Khaimah

Company is based out of Ras Al-Khaimah and sells gifts & souvenirs, handicrafts, merchandises to major retail shops and tourists. - Products are sold under our own brand name. - We sell the products to 6-7 clients who have chain of retail outlets across the UAE. - We specialize in selling customized gifts items. - We supply the products to retail stores and they pay us after 30-50 days so the business has an outstanding amount of AED 100-150K with retail store clients. - Promoter also owns a 2,000 sq ft factory in Agra, India that has been operational for over 40 years. This factory exports product to business in the UAE. - The factory in India has the capacity to produce AED 500K worth of merchandises per month. - Indian and UAE companies are different entities even though they are owned by the same individual. - Promoter is based in UAE but during this pandemic, he is in India hence would be available on the Indian phone number. - Sales have been reduced due to a reduction in tourists, as a result, of the pandemic. - Physical assets owned by this business include product inventory.

Company is based out of Ras Al-Khaimah and sells gifts & souvenirs, handicrafts, merchandises to major retail shops and tourists. - Products are sold under our own brand name. - We sell the products to 6-7 clients who have chain of retail outlets across the UAE. - We specialize in selling customized gifts items. - We supply the products to retail stores and they pay us after 30-50 days so the business has an outstanding amount of AED 100-150K with retail store clients. - Promoter also owns a 2,000 sq ft factory in Agra, India that has been operational for over 40 years. This factory exports product to business in the UAE. - The factory in India has the capacity to produce AED 500K worth of merchandises per month. - Indian and UAE companies are different entities even though they are owned by the same individual. - Promoter is based in UAE but during this pandemic, he is in India hence would be available on the Indian phone number. - Sales have been reduced due to a reduction in tourists, as a result, of the pandemic. - Physical assets owned by this business include product inventory.