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Newly Established Iron & Steel Store Seeking Loan in Raipur, India

Business specializing in trading of machined automobile railway components, seeking funds to procure stock.

Established 0-1 year(s)
Employees 10 - 50
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales USD 400 thousand
Run Rate Sales USD 1.1 million
EBITDA Margin 10 %
Industries Iron & Steel Stores
Locations  Raipur
Local Time 1:20 PM Asia / Kolkata
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Seeking Loan
USD 12 thousand for 10.0% annual interest, 1 year (Native Currency: INR 1,000,000)
Reason: Seeking funds to procure stock to fulfill a few orders in hand. The sought investment amount is wha... View More
Collateral Available: USD 0
Includes physical assets worth USD 24 thousand
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Business Overview

- Business based in Raipur, specializing in the trading of machined automobile railway and general engineering components.

- Offers a range of products and services including rail track, MS plate, and structure items.

- Products are primarily sourced from SAIL & JINDAL, which are well-established and reputed suppliers in the industry.

- There are 5 clients, mainly from the steel industries and railways, spread across Pan India.

- The company operates on an order-based model with~ 2 orders per month a monthly order value of INR 40 lakhs.

- The business holds various certifications and registrations including GST, MSME, ISO, and IEC.

- In addition to the 12 permanent employees, there are additional contract workers.

- The reason for the growth in turnover from last year is because the business was started just 1 year back and this year the market relations, clients and order volume have increased.

Products & Services Overview

Trading of machined automobile railway and general engineering components such as rail track, MS plate, and structure items.

Supplied to steel industries and railways from Pan India.

Assets Overview

Physical assets include inventory and office assets.

Facilities Overview

Rented warehouse and office facility, located in Rawabhata, Raipur.

Rent is INR 60k per month.

Capitalization Overview

Business is self-funded.

No outstanding loans or liabilities.

There is 1 owner/director.

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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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