Waste Management Business Seeking Loan in Coimbatore, India

- Steel scrap trading business based in Coimbatore and is looking to get into plastic recycling.

- We currently have 7 employees and more than 22 clients.

- Have over 100 local suppliers for steel scrap from various industries.

- We process 500 metric tons of scrap per month.

- We supply raw materials to industries (mostly to recycling plants) that turn them into final goods.

- This year sales have decreased due to a shortage of raw material supply in the country.

- Our primary focus is on steel scrap, but the business plans to expand to include plastic recycling.

Our top-selling product is steel scrap which is generally used by recycling plants.

Tangible assets include a metal shredder and raw materials worth INR 2 Cr.

We have a godown for collecting steel scrap, for which the monthly rent is INR 27,000 with a renewable rental agreement of 11 months, and want to add one more for plastic recycling.

The owner is the sole proprietor of the business with a bank loan of INR 20 lakhs and no further debts.