Demand for capital

US $ 4,000,000 (convertible bonds)

Industry

Metal products Services

Company Profile

The company is a metal service center, located in the main business of flat-rolled semi-finished aluminum (foil, coil, sheet, plate) and profiles (flat, rods, tubes, pipes, angles and channels), as well as a full range of iron (hot-rolled, cold-rolled, stainless steel, special high-temperature alloys) and non-ferrous metals (copper and brass) products.

The company is aerospace, defense, marine, transportation and machining industry suppliers, to support the industry's leading original equipment manufacturers, manufacturing subcontractors, other metal products distributors and US state and local government entities, is a certified small enterprise (Small Business Administration)

Two companies in the Southeastern United States held two sales, storage and high value-added processing equipment. Founded in 2000, it consists of a metallic material in the sales industry has 29 years of experience to create shareholder. The company has an experienced management team and industry-leading. The company has received such as Alcoa, Aleris, AMAG, Constellium, Mittal, Novelis and Nucor supply commitments and agreements from the world-class enterprise.

In the past six months, the company has found growth opportunities in the aerospace industry, where there is a demand from OEMs to maintain and repair the growing station. Over the next 20 years, this part of the market share is expected to increase rapidly. By focusing on end-user rather than the middle of the distributors, the company has been able to better anticipate customer needs in detail, revenue forecasts, and higher profits. In the past four years, the company has been committed to the establishment of good relations of cooperation and infrastructure construction with suppliers to ensure that the end-user sales of anti-competitive aviation-day material advantage. The company recently in terms of aerospace materials in consultation with the factory developed a very favorable fixed price, which will increase the competitive advantage.

Loan companies currently operating $ 20 million asset-based (ABL) credit facility, based on an advanced rate, 85% and 65% of the stock of accounts receivable, if at all to use.

Funds

Companies seeking $ 4 million in funding to be used for market purchases and sales.

Company as an industry-leading first-class manufacturers, the company has successfully signed a number of long-term supply contracts in 2012.

The company's asset-based credit line provides for the calculation of inventory ahead of time limits based on the discount rate. These restrictions on the company's stock to obtain and hold a negative impact, making the stock has been sold but failed to pay, profits trapped in the years of long-term sales contracts. In addition, because the company's asset-based lines of credit are all in use, constraints, companies can take advantage of sales opportunities, limiting the company as a market-leading end-users of metal products distributors and suppliers full capacity of its potential. The additional $ 4,000,000 will overcome these limitations.