ATM Seeking Loan in Bangalore, India

Company manufactures ATM, kiosk, passbook printers and supplies to 6 major banks pan India.

Established From
Employees
Legal Entity
Reported Sales
Run Rate Sales
USD 1.7 million
EBITDA Margin
12 %
Industries
Locations
Local Time
12:15 AM Bangalore
Listed By
Management Member
Status
Active
Overall Rating
Seeking Loan
USD 3.5 million for 12.0% annual interest, 2 years (Native Currency: INR 250,000,000)
Reason: We have a confirm orders worth Rs. 50 crore. Have arranged Rs. 25 crore of our own money and need re... View More
Collateral Available: USD 14 million
Includes physical assets worth USD 14 million
Interested to connect with advisors
Name, Phone, Email
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Business Name
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User Verification
Documents
Business Overview

- We are a manufacturing company operating since 1996.

- We manufacture ATM machines, passbook printing machines, cheque deposit kiosk, cash deposit machines and supply them to nationalized banks.

- We supply to 6 banks namely Canara Bank, SBI, Karnataka Bank, Vijaya Bank, Andhra Bank, Syndicate Bank across India.

- Currently we manufacture 850 machines per month and our plant has capacity to manufacture around 1,000 machines.

- Our target is to manufacture10,000 machines per month. With this fund of Rs. 25 crore we would invest to increase the production capacity of our facility and purchase sufficient raw materials so we can reach out target.

- Raw materials are procured from Bangalore, Coimbatore and Japan through a dealer.

- Each machine costs between Rs. 5 to 10 lakh.

- Physical assets include own land and machinery.

Products & Services Overview

We manufacture and supply ATM machines, passbook printing machines, cheque deposit kiosk, cash deposit machines for banks.

Facilities Overview
Recent Activity
  • Earlier than 15 days
    Director, Ahmedabad, Business Broker connected with this business
  • Earlier than 15 days
    CEO, London, Financial Consultant connected with this business
  • Earlier than 15 days
    MD, Hyderabad, Financial Consultant connected with this business
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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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