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Rolling Mills Business Seeking Loan in Dhaka, Bangladesh

Steel rolling mill seeks a long-term loan to pay off a short-term unsecured loan.

Established 5-10 year(s)
Employees 50 - 100
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales USD 1.8 million
Run Rate Sales USD 4.4 million
EBITDA Margin 4 %
Industries Rolling Mills
Locations  Dhaka
Local Time 12:26 PM Asia / Dhaka
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Seeking Loan
USD 460 thousand for 9.0% annual interest, 10 years (Native Currency: BDT 50,000,000)
Reason: Need working capital for the production unit and funds to pay off a short-term unsecured loan.
Collateral Available: USD 900 thousand
Includes physical assets worth USD 360 thousand
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Business Name
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Business Overview

- Manufacturer and seller of construction materials like steel square bars, flat bars, and rods.

- More than 100 clients in different areas of Bangladesh.

- Clients include factories that use our products as raw material for production.

- Our unit can annually produce products worth BDT 60 crores.

- We sell through a sister concern established for trading our products.

- Sales were extremely low last year due to Covid induced slowdown.

- Total outstanding liabilities are about BDT 3 crore. This includes an unsecured term loan and OD facility.

- This manufacturing business is a sole proprietorship.

Products & Services Overview

We manufacture and sell steel square bars, flat bars, and rods.

Assets Overview

Physical assets owned by the business include the machinery used in the factory worth BDT 4 crore.

101 (40 + 71) decimals of vacant proprietor-owned land. The accumulated value of these 101 decimals of land owned by the proprietor is BDT 30 crore. Part of the land can be used to secure this loan.

Facilities Overview

Production is carried out in a leased facility of 1 decimal near Dhaka, Bangladesh.

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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