6.9 / 10
 Surat

Newly-established manufacturer and exporter of car seat covers that has tied up with 5 suppliers.

Key Business Facts
Yearly Sales USD 110 thousand
EBIDTA Margin 10 - 20 %
Industries Automotive Accessories
Locations  Surat
Business Overview
- 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.
Products & Services Overview
Manufacture and export car seat covers in 3 varieties (leather, fabric and velvet).
Assets Overview
One lamination machine costing INR 15,00,000. Multiple stitching machines. Inventory worth INR 8,00,000.
Seeking Loan
USD 24 thousand for 10.0% annual interest, 7 years (Native Currency: INR 2,000,000)
Reason: We require a loan for working capital. The business is expected to grow once the lock-down is lifted... View More
Collateral Available: USD 40 thousand
Includes physical assets worth USD 40 thousand
Interested to connect with advisors
In talks with 3 Investors
Contact Business