Bottled Water Company Seeking Loan in Kolkata, India
|Employees||10 - 50|
|Legal Entity||Private Limited Company|
|Reported Sales||USD 54 thousand|
|Run Rate Sales||Nil|
|Local Time||8:25 AM Asia / Kolkata|
|Listed By||Business Owner / Director|
- The business started operations in 2019 and was engaged in the production and sale of packaged drinking water.
- Stopped operations in early 2020 due to the lack of working capital.
- While operational, the business used to bottle 32,000 liters of water in a single 8 hour shift.
- The bottled water was sold under our own brand in 500 ML, 1L, 2L, 5L, and 20L SKUs.
- The factory is BSI and FSSAI compliant.
- Our water was distributed in Kolkata and its surrounding areas with the help of 80 distributors.
- In the past, the business raised INR 70 lakh of debt from a bank to acquire a 8 kattha (5,760 sq. ft. ) plot adjoining its current factory and to meet its working capital requirements.
- However, due to business conditions, the plot could not be acquired during the time and the company was unable to make timely repayments.
- At present INR 40 lakh of the loan is outstanding and is classified as an NPA.
- Despite proving creditworthiness, having excess tangible real assets, and business disruption due to the pandemic, the bank refused to restructure the loan or offer an extension to repay the loan.
- The business is seeking capital to restart operations, retire the outstanding debt, expand the factory and expand the product portfolio to include juices, soda, and bakery products.
- While operational, the business was profitable with an operating profit margin of 20% but had poor working capital management practices.
- We intend to restart operations with new capital management practices in order to ensure financial health.
- The promoter has 15 years of professional experience.
Packaged drinking water.
1 Tata truck, 10,000 liters RO machine, bottling equipment, injection mold dies, central air conditioning system, and biometric security system.
Factory cum office located on an owned plot of 4 katthas (2,880 sq. ft. )
Earlier than 15 daysBusiness Consultant, Technology & Capital Solutions, Hyderabad, Corporate Investor / Buyer connected with this business
Earlier than 15 daysDirector, Technology, Kolkata, Corporate Investor / Buyer accepted business proposal