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Auto Component Company Seeking Loan in Faridabad, India

Start-up company planning to manufacture parts for heavy trucks seeks business loan to purchase machinery.

Established 1-5 year(s)
Employees 5 - 10
Legal Entity Private Limited Company
Reported Sales Nil
Run Rate Sales Nil
EBITDA Margin Nil
Industries Auto Component
Locations  Faridabad
Local Time 9:23 PM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 140 thousand for 13.0% annual interest, 10 years (Native Currency: INR 10,000,000)
Reason: To purchase machinery and raw materials. To start operations and for working capital.
Collateral Available: USD 0
Includes physical assets worth USD 200 thousand
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Business Name
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Business Overview

- Company is based out of Faridabad and plans to manufacture parts for commercial heavy trucks.

- We will produce auto parts such as chassis, front hood cabins, bumpers, mudguards, brakes assemblies, suspension systems.

- In talks with international truck companies to get manufacturing contracts.

- Once we receive funds we will purchase machinery and start the manufacturing process.

- Promoter has another family business producing industrial tools and has more than 10 years of overall industry experience.

- Business owns 4,000 sqft land with factory and office.

Products & Services Overview

We plan to manufacture parts of trucks such as chassis, front hood cabins, bumpers, mudguards, brakes assemblies, suspension systems.

Facilities Overview

Owned 4,000 sqft factory and office in Faridabad.

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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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