Business Overview
- Business is involved in trading scrap.
- Mostly we are into steel scrap trading.
- Products are sourced from Singapore, Hong Kong, South Korea, Malaysia, New Zealand, and Australia.
- Have clients from all over the Indonesian market.
- Owner has experience in this field for 12 years.
- Business has suffered a loss due to financial losses because the market was not stable in Indonesia due to the pandemic and owners taking loans from fintech with high costs and interest.
- Company operates for 20 days each month.
Products & Services Overview
Busheling bundle/Loose, PNS, new tin plate, HMS 1, HMS sheared, HMS 80:20, HMS 90:10, extrusion 6063, OCC 95, OCC 98, LDPE, SS 304, SS 201.
Capitalization Overview
- The company has 2 shareholders with a percentage of 80:20 shareholding.
- Business has a debt with fintech and bank for a total of USD 4 million.
Assets Overview
Physical assets include 2 houses of 1,200 sqm, a motorcycle, laptops, computers, and a printer.
Seeking Loan
USD
5 million
for
9.0%
annual interest,
5
years
(Native Currency: USD 5,000,000)
Reason:
- We need funds to recover our loss and clear our loans.
- We need a loan for working capital and a...
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Collateral Available: USD 700 thousand
Includes physical assets worth
USD
700 thousand
Interested to connect with advisors
In talks with 2 Investors
Contact Business