Share
Settled by the promoter
instalment
monthly
term
2 years
yearly interest
5%
risk rating
B-
Ba Ba Ba Global Services is a Portuguese company based in Castelo Branco. The aim of this campaign is to co-finance the construction of a 6,000 m2 light steel frame manufacturing plant in the industrial park of Portalegre, in Alentejo, Portugal, an area of the country with a very high unemployment rate.
The project will have a total investment of € 4.8m, accounting for construction works (€ 1m), production equipment (€ 2.8m), auxiliary equipment (€ 990,000), and other costs (€ 61,000). The construction works are set to start in January 2021.
The Light Steel Framing is a building construction system in which steel is the main structural material. The steel structure is coated both externally and internally with high-quality industrialized elements which give the final product comfort, durability, and safety, with lower environmental impact than traditional construction materials (brick, cement, etc.) for several reasons.
Direct
Indirect
CO2 avoided per year
jobs created
MWh clean energy
The project has a total investment value of € 4.8m, of which € 969,000 will be financed using the promoter’s own capital; € 3.455m through the SI Inovação scheme, an incentive program promoting business innovation, part of the nation-wide Portugal 2020 program, a loan which is repayable in 8 years, interest-free and has a 2 year grace period. The remaining € 422,000 will be financed through Goparity campaigns.
The incentive provided by the SI Inovação scheme was approved in December 2019 and the release of the funds is conditional on the possession and licensing of the land where the plant will be constructed.
The land, valued at € 1m, has already been acquired by Ba Ba Ba Global Services, Lda. and the licensing is expected to be delivered to the City Hall of Portalegre by the end of November.
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The equipment purchased will be used as collateral.
Ba Ba Ba Global Services Lda. is a Portuguese company based in Castelo Branco, which was established in March 2019 by Guida Marques, who is also the company’s CEO.
Guida is a partner at a number of companies in different sectors, including at the US congener 888 Global Services LLC which develops projects in Africa mainly.
Ba Ba Ba is currently dedicated to the construction of buildings (residential and non-residential). Soon, it will start the construction of a manufacturing plant in Portalegre dedicated to the production of light steel frames (LSF), which will be sold under the ARQ Frame brand, registered and held in full by Ba Ba Ba.
Ba Ba Ba is an engineering and construction company engaged in the development of Light Steel Frames (LSF).
The steel used is obtained through the profiling of low-thickness steel sheets, using a cold moulding process. The shapes of the profiles are obtained by means of milling or profiling and are then screwed or carved according to the project to be carried out. The metal profiles used have a low weight hence the light steel designation. The term light also demonstrates the flexibility of the material, since it allows for any type of outer or inner finishing. Moreover, the building itself has a reduced weight, not only because the structure is light, but also because LSF is used for buildings with a reduced height of up to 3 floors.
The company operates in the following branches:
Rehabilitation: in city constructions, the LSF structures present advantages for construction yards since they don’t require the assembly of large cranes, which ultimately facilitates the flow of trucks charged with materials (such as sands, cements, Etc.);
New Constructions: since concrete is used only on building foundations, beyond the positive impact on reducing CO2 emissions and increasing thermal efficiency, the construction is also faster;
Industry: more competitive because the construction is carried in kits to the yards, and a storage facility of 1,000 m2 takes approximately one week to be built. The construction process is fully automated and modular.
In all, Ba Ba Ba has the following competitive advantages: reduction in labour time, reduction in labour required, and consequently lower cost.
Active since
2019
Fiscal country
PT
Operating In
Portugal
Industry
Construction
Number of Goparity Loans
3
Women Shareholders
Yes
2021-02-11
The promoter has advised that the licensing project for the construction of the factory has been submitted for appraisal. They are expecting the construction to begin in the second semester of 2021.
Regarding the purchase of the financed machine, circa $ 100,000 have been paid out, meaning about $ 20,000 still remain to be paid. Due to the ongoing pandemic, the promoter has been unable to visit the supplier of the equipment but samples have been sent out to confirm that the machine is working as expected. If this is the case, the machine should be shipped in April.
2021-01-11
First instalment was paid to all the investors
2020-12-08
447 investors successfully raised 72.500€
2020-12-07
The promoter decided to alter the global investment amount of its campaign to 72.500 €. All the other offer conditions remain the same.
2020-11-12
This campaign will help avoid the emission of 163 tons of CO2 per year