Bottled Water Company Seeking Loan in Kolkata, India

Manufacturer of bottled drinking water seeking capital to restart operations and expand product portfolio.

Established 1-5 year(s)
Employees 10 - 50
Legal Entity Private Limited Company
Reported Sales USD 54 thousand
Run Rate Sales Nil
EBITDA Margin Nil
Industries Bottled Water
Locations  Kolkata
Local Time 8:25 AM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 700 thousand for 10.0% annual interest, 5 years (Native Currency: INR 50,000,000)
Reason: INR 1 cr. will be used to restart operations, INR 40 lakhs will be used to retire the outstanding de... View More
Collateral Available: USD 150 thousand
Includes physical assets worth USD 150 thousand
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Business Name
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Business Overview

- 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.

Products & Services Overview

Packaged drinking water.

Assets Overview

1 Tata truck, 10,000 liters RO machine, bottling equipment, injection mold dies, central air conditioning system, and biometric security system.

Facilities Overview

Factory cum office located on an owned plot of 4 katthas (2,880 sq. ft. )

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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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