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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 1.5 million
EBITDA Margin 10 %
Industries Automobile Wholesale + 1 more
Locations  Chennai
Local Time 12:20 PM Asia / Kolkata
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
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 150 thousand
Includes physical assets worth USD 150 thousand
Documents
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
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This transaction has concluded. View similar business opportunities on SMERGERS
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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