Agricultural Machinery Company Seeking Loan in Satara, India
Articulated tractor manufacturing company which is the first of its kind in India seeks loan.
Premium Plan
| Established | 1-5 year(s) |
| Employees | 5 - 10 |
| Legal Entity | Private Limited Company |
| Reported Sales | Nil |
| Run Rate Sales | Nil |
| EBITDA Margin | Nil |
| Industries | Agricultural Machinery |
| Locations | Satara |
| Local Time | 3:14 AM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Active |
Seeking Loan
USD
234 thousand
for
12.0%
annual interest,
5
years
(Native Currency: INR 20,000,000)
Reason: The owner is seeking a loan to invest in machinery for the plant and for working capital.
Collateral Available: USD 270 thousand
Name, Phone, Email
Available after connect
Business Name
Available after connect
User Verification
Documents
Shareholding
(11.8 KB)
ROC-Verification.pdf
(66.2 KB)
Business Overview
- This company is India's first company to manufacture articulated tractors.
- Our technology for compacted tractors is patented and we are looking to start production.
- Adjustable width to meet requirements of different crop spacing with double same size differential and four equal size tires.
- Multipurpose tractors for marginal farmers and orchard farmers.
- We have finished the initial R&D and are now moving on to the production of the tractor for which we are seeking a loan.
-Our target segment is B2B and franchise owners.
- The owner has 23+ years of experience in this industry and has developed a very good network over the course of years.
- The company is registered in Pune but is operating from Satara.
- Our technology for compacted tractors is patented and we are looking to start production.
- Adjustable width to meet requirements of different crop spacing with double same size differential and four equal size tires.
- Multipurpose tractors for marginal farmers and orchard farmers.
- We have finished the initial R&D and are now moving on to the production of the tractor for which we are seeking a loan.
-Our target segment is B2B and franchise owners.
- The owner has 23+ years of experience in this industry and has developed a very good network over the course of years.
- The company is registered in Pune but is operating from Satara.
Products & Services Overview
The business deals in articulated tractors manufacturing and marketing.
Assets Overview
- Business does not have any physical assets.- The owner has a good network and goodwill in the industry.
Facilities Overview
- We are operating from a rented space of 6,000 sqft industrial warehouse with open space in Satara. We pay a rent of INR 28,500.- The business will be moving to a new plant very soon, it has an area of 9,000 sqft for the production of the tractor, and the rent is INR 90k per month.
Capitalization Overview
- This business is self-funded and has three shareholders and the shareholding is held within the family.- No loan or debt in the business.
Recent Activity
-
Earlier than 15 daysDirector, Stock Broking, Gurgaon, Corporate Investor / Buyer connected with the Business
-
Earlier than 15 daysDirector, Industrial Equipment Manufacturer, Thrissur, Individual Investor / Buyer connected with the Business
-
Earlier than 15 daysDirector, Chemicals & Industrial Goods, Pune, Individual Investor / Buyer connected with the Business
Tags:
Newly Established Agricultural Machinery Company Seeking Loan in Satara, India
·Newly Established Agricultural Equipment Company Seeking Loan in Satara, India
·Lend to Newly Established Agricultural Machinery Company in Satara, India
·Lend to Newly Established Agricultural Equipment Company in Satara, India
·Newly Established Agricultural Machinery Company Seeking Loan
·Newly Established Agricultural Equipment Company Seeking Loan
·Lend to Newly Established Agricultural Machinery Company
·Lend to Newly Established Agricultural Equipment Company
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