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Steel Company Seeking Loan in Sharjah, United Arab Emirates

Established steel trading business with 2,000+ clients and 20+ years of experience.

Established 20-30 year(s)
Employees 10 - 50
Legal Entity Limited Liability Company (LLC)
Reported Sales USD 13 million
Run Rate Sales USD 12 million
EBITDA Margin 15 %
Industries Steel + 1 more
Locations  Sharjah
Local Time 12:37 PM Asia / Dubai
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Seeking Loan
USD 950 thousand for 8.0% annual interest, 3 years (Native Currency: AED 3,500,000)
Reason: We are seeking a loan to acquire property, which will allow us to avoid substantial rental expenses.... View More
Collateral Available: USD 0
Includes physical assets worth USD 3.27 million
Name, Phone, Email
Not disclosed
Business Name
Not disclosed
User Verification
Documents
Business Overview
- Business involved in structural steel trading, purchasing various steel products such as angles, pipes, plates, tubes, and bars from numerous manufacturers in the UAE.
- We have tie-ups with around 20 -30 producers in the region.
- Additionally, the company stocks steel from all the Various Countries like China, India, Turkey, Korea, Japan, Ukraine, and Russia.
- It has a customer base consisting mainly of small businesses and workshops across the UAE, with some notable larger clients.
- With a strong domestic market base, the company also exports to neighboring countries such as Oman and Saudi Arabia, with 90% of its sales originating within the UAE.
- The business has a long-standing presence in the industry, with over 20 years of experience, and currently serves over 2,000 active clients.
- Notably, the company has a solid credit history, having never defaulted on a loan in its 20-year history and maintaining an impressive credit score as verified by Al Etihad Credit Bureau.
- Key clients include notable companies in the fabrication industry, as well as those involved in fire door manufacturing, bolt production, furniture manufacturing, steel rack manufacturing and other related sectors.
- Our team of 35 is highly efficient and well-equipped to generate significant revenue, given the nature of our business.
- Despite some invoices not yet being generated, the ongoing projects and pending deliveries worth 4 million AED demonstrate that the business activity and sales pipeline remain strong. This aligns with the average monthly sales from the previous year, suggesting that there has not been a drop in sales.
Products & Services Overview
- The company's key offerings include structural steel products including angles, channels, I/H beams, and universal beams/columns.
- Other products include a variety of steel products, including hot and cold rolled mild steel coils, galvanized coils, aluminum coils and steel plates.
Assets Overview
The key tangible asset is the stock of our products which are valued at AED 12 million.
We own vehicles and 5 forklifts that are worth AED 3 million.
Facilities Overview
We currently have a trading warehouse located in Sharjah, UAE that has a total area of 70,000 sq ft and the rent paid for the same is AED 850,000 per annum.
Capitalization Overview
This is a family-owned business with 3 shareholders who have an equity split of 50%, 25%, and 25%.
We have a banking facility worth AED 9.5 million with a capital guarantee of AED 6.5 million.
Recent Activity
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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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