Automotive Accessories Company Seeking Loan in Surat, India

- Manufacture and export car seat covers in 3 varieties i. e. leather, fabric and velvet. The leather and velvet car seat covers are for the premium market.

- Our factory has a daily production capacity of 200 - 400 units.

- The business has an export license. It is exclusively focused on exports and are does not sell the products in the domestic market.

- We have tied up with over 2 suppliers of leather, 2 suppliers of fabric and 1 supplier of velvet.

- In the previous month, we completed an order of USD 21,000 (INR 15 lakh approximately). The gross margin on that order was 25%. For that order, we exported 1 container of fabric car seat cover weighing around 5,706 kg. The order was from a Gulf country. We received over 75% of the payment already.

- We are currently negotiating with a US client on the pricing of an order and we are also in discussion with 3 other potential clients.

- Business has hired 32 employees on a contract basis.

- Promoter of the business has prior experience in manufacturing and selling car seat covers in the domestic market.

Manufacture and export car seat covers in 3 varieties (leather, fabric and velvet).

One lamination machine costing INR 15,00,000.

Multiple stitching machines.

Inventory worth INR 8,00,000.

Renting a manufacturing unit with an area of 19,200 square feet. Paying a discounted monthly rent of INR 50,000 since the property is owned by the promoter's relative. A security deposit hasn't been been paid by the business on the property.