Steel Company Investment Opportunity in Mumbai, India

- The business has been operating for 30 years and specializes in supplying steel long and flat products to Africa, the Caribbean, and the Indian Ocean region.

- With a strong network of about 100 regular buyers across 30 countries, which includes retailers/importers.

- The business utilizes a direct sourcing model from 50 mills/suppliers/traders in China, India, and Turkey, allowing for maximized margins.

- The company operates on a direct sales basis and also on a commission basis, which is ~ 4 to 5% from manufacturers.

- Over the past year, the business has processed an average of 100 to 120 orders, with an average order value of USD 4k.

- The promoter is an IIT-K engineer with 15 years of professional experience in India and Africa followed by 30 years dedicated to developing this business.

- The business has 7 permanent employees, additionally, there are contract agents located in different countries.

- Has MCA, Udyam registration and import-export code.

Sell steel to importers & retailers in Africa/Caribbean/Indian Ocean region.

Products include:

- Galvanized steel coils / sheets.

- M S debars and smooth bars.

- Angles/flats/sections/merchant bars.

- Prepainted steel coils/sheets.

- Aluzinc steel coils / sheets.

- Black cold rolled / hot rolled coils / sheets.

- Galvanized and pre galv steel pipes & tubes.

- Black & galvanized wires & wire rod.

- Rolled & profiled window sections (F7D / LF7 / T6 / F4B / T13 etc. ),

- M. S. hollow sections CR & HR,

- Hardware items - wheelbarrow + nails + BRC wire mesh.

- Office space + 2 apartments in Suburban Mumbai.

- 3 apartments in Industrial Palghar.

- 1 Industrial warehouse in Industrial Palghar.

- Financial Investments $75k.

- Total tangible assets is valued at $ 750k + business process valuation & goodwill is $ 500k - $ 1250k.

We sell directly to importers & stuff FCLs at factories itself.

However, the company owns office space, a warehouse & apartments in Industrial Palghar & suburban Mumbai.

- 2 founders/directors with equity shares and investment of INR 2.3 Cr ($ 275k) + 1 third director with no equity.

- Presently, the business is funded by bank limits - INR 5.5 Cr ($ 650k) against property mortgages & orders in hand.