Dredge & Marine Company Seeking Working Capital for Projects

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Posted June 9, 2020

A profitable 22-year-old Company in the Dredging and Marine business is seeking additional working capital of USD 25-30 million. The Company's main activities are in Disaster Control and Environment Management Projects such as Sea Erosion Control, River Bank Protection, Inland Waterways Stabilization and Flood Control Works and Pollution Control Activities in Ports. The Company is also involved in dredging, trenching, de-siltation, land reclamation, construction of irrigation canals, construction of vessel berthing facilities (Jetty's), walls and breakwaters. The Company is ISO 9001.2000 certified and has successfully completed multiple projects domestically & internationally in excess of USD 2,500 million. The Company has multiple offices in various states of India and a wholly owned subsidiary company located at Ras Al Khaimah, U.A.E.

Current ongoing projects: USD 75 million. Company's Current Fixed Assets USD 28 million.

Working capital is required for the execution of multiple projects such as Sea Erosion Control, River Bank Protection, Inland Waterways Stabilization and Flood Control Works financed by the World Bank, Asian Development Bank and the European Bank Funding. The Company requires the additional working capital in form of Loan, Debt and Equity. Client is seeking a term of five to seven years for the working capital.

The Company has achieved 4A3 rating which indicates - High in terms of Financial Stability and performance capability from Dun & Bradstreet, USA.

For more information please contact: heiko@dredgewire.com