Automobile Wholesale Company Seeking Loan in Chennai, India
Importer and wholesaler of electric vehicles and automobile components seeking capital to setup a manufacturing plant.
This transaction has concluded.
| Established | 1-5 year(s) |
| Employees | 10 - 50 |
| Legal Entity | Public Limited Company |
| Reported Sales | Nil |
| Run Rate Sales | USD 1.4 million |
| EBITDA Margin | 10 % |
| Industries | Automobile Wholesale + 1 more |
| Locations | Chennai |
| Local Time | 1:55 AM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Moderately Active |
Seeking Loan
USD
500 thousand
for
15.0%
annual interest,
4
years
(Native Currency: INR 40,000,000)
Reason: To acquire manufacturing equipment and setup a manufacturing plant.
Collateral Available: USD 140 thousand
Includes physical assets worth
USD
140 thousand
Documents
ROC-Verification.pdf
(59.5 KB)
Business Overview
- Engaged in the import and trading of electric vehicles and automobile components.
- We primarily import from Chinese and Japanese suppliers.
- Electric vehicles we sell include autorickshaws, bikes and scooters.
- We sell the vehicles and parts mainly to retailers in India and also sell a small proportion to customers directly.
- Intend to setup a manufacturing plant so that we can import parts and make our own vehicles under our own brand.
Products & Services Overview
Import and wholesale of electric vehicles and automobile components.
Facilities Overview
Rental office space of 1,000 sq. ft. in Chennai. Owned office space of 2,000 sq. ft. in Patna. We also have 3 other sales offices in Odisha and Madhya Pradesh.
Capitalization Overview
Not Disclosed
Recent Activity
-
Earlier than 15 daysManaging Director, Mumbai, Financial Consultant connected with the Business
-
Earlier than 15 daysPresident, Petroleum & Automobile, Los Angeles, Corporate Investor / Buyer connected with the Business
-
Earlier than 15 daysIndependent Advisor, Mumbai, Financial Consultant connected with the Business
Tags:
Newly Established Automobile Parts Wholesale Company Seeking Loan in Chennai, India
·Lend to Newly Established Automobile Parts Wholesale Company in Chennai, India
·Newly Established Automobile Wholesale Company Seeking Loan in Chennai, India
·Newly Established Automobile Parts Wholesale Company Seeking Loan in Madras
·Lend to Newly Established Automobile Wholesale Company in Chennai, India
·Lend to Newly Established Automobile Parts Wholesale Company in Madras
·Newly Established Automobile Wholesale Company Seeking Loan in Madras
·Newly Established Automobile Parts Wholesale Company Seeking Loan
·Lend to Newly Established Automobile Wholesale Company in Madras
·Lend to Newly Established Automobile Parts Wholesale Company
·Newly Established Automobile Wholesale Company Seeking Loan
·Lend to Newly Established Automobile Wholesale Company
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. Note that SMERGERS is not liable for any loss, damage, costs, claims and expenses whatsoever arising from transacting with any other user from the website. The final responsibility of conducting a thorough due diligence and taking the transaction forward lies with the users. Please read best practices on SMERGERS.
