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Automotive Body Parts Business Seeking Loan in Rajkot, India

Automotive component manufacturer that caters to agricultural industry and has 4 clients.
This Business is on a Premium Plan
Established 1-5 year(s)
Employees 10 - 50
Legal Entity Limited Liability Partnership (LLP)
Reported Sales Nil
Run Rate Sales USD 170 thousand
EBITDA Margin Nil
Industries Automotive Body Parts + 1 more
Locations  Rajkot
Local Time 7:13 AM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 120 thousand for 10.0% annual interest, 5 years (Native Currency: INR 10,000,000)
Reason: Capital infusion required for the development of new high-value components and new machinery.
Collateral Available: USD 0
Includes physical assets worth USD 100 thousand
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Not disclosed
User Verification
Documents
Business Overview

- Automotive components manufacturer that caters to tractors and the agricultural industry.

- Company is registered in Vasai (Maharashtra) and the plant is setup in Rajkot (Gujarat).

- 4 corporate, well-established clients for whom we are the registered vendors.

- Approached 2 more corporate customers based out of Rajkot and Ahmedabad.

- Manufacturing is done according to customer's design and we have the capability to make over 300 different components.

- Rajkot unit started in March of this year and was temporarily shut due to the current global situation. Re-started operations in June.

- Promoter has been in the field of the automotive components industry for 43 years and the 2nd generation for 19 years. Cumulative experience of more than 5 decades in this Industry.

- Dedicated & experienced staff and workforce to cater to customers demands.

- Targeted to reach a turnover of INR 4 Cr by end of next financial year.

Products & Services Overview

Focus - agricultural & tractor industry.

Manufacturing components like.

1. Hydraulic pipes - metallic & flexible.

2. Front axle.

3. Sheet metal & fabricated components like engine mounting frames, ROPS, pedals, footsteps.

Assets Overview

Our main asset is a laser cutting machine worth INR 60. We also have a few other machinery and equipment used as part of the manufacturing process including a double head boring machine, Induction brazing machine.

Facilities Overview

Leased area of 13,000 Sq. Ft. with a built-up area of 11,000 Sq. Ft.

Recent Activity
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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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