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 173 thousand |
| Run Rate Sales | USD 140 thousand |
| EBITDA Margin | 15 % |
| Industries | Coating |
| Locations | Pune |
| Local Time | 5:59 AM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Active |
Seeking Loan
USD
58 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 daysDirector, Automotive Manufacturer, Pune, Corporate Investor / Buyer connected with the Business
-
Earlier than 15 daysDirector, Aviation Equipment Manufacturer, Pune, Corporate Investor / Buyer connected with the Business
-
Earlier than 15 daysDirector, Engineering, Pune, Individual Investor / Buyer connected with the Business
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. Note that SMERGERS is not liable for any loss, damage, costs, claims and expenses whatsoever arising from transacting with any other user from the website. The final responsibility of conducting a thorough due diligence and taking the transaction forward lies with the users. Please read best practices on SMERGERS.
Contact Business
8 Investors already contacted this Business.
Register below to connect now!
- Social
- Register
- Login
Who uses SMERGERS?
... and 122,500+ other businesses of all sizes.
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.
You might also be interested in these businesses