Coating Company Seeking Loan in Pune, India
John Deere USA-approved liquid paint applicator with current orders worth INR 30 lakhs seeking loan.
| Established | 5-10 year(s) |
| Employees | 5 - 10 |
| Legal Entity | Private Limited Company |
| Reported Sales | USD 167 thousand |
| Run Rate Sales | USD 135 thousand |
| EBITDA Margin | 15 % |
| Industries | Coating |
| Locations | Pune |
| Local Time | 3:28 AM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Moderately Active |
Seeking Loan
USD
56 thousand
for
10.0%
annual interest,
7
years
(Native Currency: INR 5,000,000)
Reason: Additonal expansion for CAPEX and working capital required for serving the business cycle.
Collateral Available: USD 0
Name, Phone, Email
Available after connect
Business Name
Available after connect
User Verification
Documents
Udyam Aaadhar Certificate
(264.3 KB)
GST Certificate
(120.2 KB)
ISO Certificate
(572.5 KB)
ROC-Verification.pdf
(66.7 KB)
Business Overview
- Painting applicators in Pune and are one of 2 approved /authorized applicators for John Deere USA in India.
- Client list currently serving 5-6 but can be increased to 10-12.
- In-hand orders worth INR 30 lakhs.
- We have 2 approvals from John Deere USA, one for casting and the other for sheet metal.
- Our sales have dropped marginally due to a cash crunch.
- Our total sales capacity is INR 40 lakhs, and current utilization is 1/3rd of that.
- Client list currently serving 5-6 but can be increased to 10-12.
- In-hand orders worth INR 30 lakhs.
- We have 2 approvals from John Deere USA, one for casting and the other for sheet metal.
- Our sales have dropped marginally due to a cash crunch.
- Our total sales capacity is INR 40 lakhs, and current utilization is 1/3rd of that.
Products & Services Overview
Liquid painting on all kinds of substrates casting and sheet metal.
Assets Overview
Tangible assets include:In hand orders worth INR 30 lakhs and negligible inventory.
Facilities Overview
- Rented facility of 7,500 sqft plant, 1,500 sqft office area.- Rent paid is INR 2 lakhs/month.
Capitalization Overview
- Term loans from nationalized banks under the MSME scheme without collateral.- Outstanding loan amount is INR 1 crore for 7% annual interest.
- 2 shareholders 51% and 49% stake in the business. Both directors are technically sound and have 20 years of experience in the same field.
Recent Activity
-
Earlier than 15 daysOwner, Industrial Services & Food Processing, Pune, Individual Investor / Buyer connected with the Business
-
Earlier than 15 daysDirector, Fabrication & Machining, Pune, Corporate Investor / Buyer connected with the Business
-
Earlier than 15 daysDirector, Aviation Equipment Manufacturer, Pune, Corporate Investor / Buyer connected with the Business
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