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Apparel Wholesale Company Seeking Loan in Kelaniya, Sri Lanka

Business engaged in export oriented apparel production and wholesale for OEMs and own brand.

Established 1-5 year(s)
Employees 100 - 500
Legal Entity Private Limited Company
Reported Sales USD 770 thousand
Run Rate Sales USD 770 thousand
EBITDA Margin 16 %
Industries Apparel Wholesale + 1 more
Locations  Kelaniya
Local Time 10:59 AM Asia / Colombo
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Seeking Loan
USD 130 thousand for 18.0% annual interest, 3 years (Native Currency: LKR 40,000,000)
Reason: To purchase more fabrics and improve our inventory.
Collateral Available: USD 194 thousand
Includes physical assets worth USD 113 thousand
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Business Overview
- The business specializes in apparel manufacturing, with a wholesale, located in Kelaniya.
- With over 8 years of industry experience, they engage in export-oriented apparel production, showcasing expertise in manufacturing.
- Their product range includes workwear, rainwear, ladies' blouses and dresses, twill shorts, t-shirts, and chino pants, meeting diverse customer demands.
- The business operates as a subcontractor for notable brands like Unilac Fashions and Miami Exports, ensuring high-quality production standards.
- Additionally, they provide production subcontracting services for local brands like Cool Planet and Thilakawardana, expanding their service offerings.
- Their revenue model encompasses own brand sales, OEM (Original Equipment Manufacturer) manufacturing, wholesale, and retailing, allowing multiple income streams.
- Manufacturing capacity depends on the order size and raw material availability. We hire employees based on the order.
- Majority of the revenue is from OEM manufacturing and men's wear.
- The company employs 100 skilled workers, emphasizing their commitment to quality craftsmanship and timely delivery in the apparel sector.
- We work efficiently in shifts to keep our expenses low.
Products & Services Overview
We manufacture men's workwear, rainwear, ladies blouses and dresses, twill shorts, t-shirts, and chino pants.
Assets Overview
1. Furniture & fittings, machines - LKR 30Mn.
2. Inventory and raw materials - LKR 5Mn.
Facilities Overview
Production floor area - 15,000 sqft.
Storage area - 10,000 sqft.
Rented facility.
Capitalization Overview
1. Currently business is equity funded. No liabilities.
2. Total shareholders are 02 (75% & 25% shareholding)
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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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