Electric Equipment Wholesale Business Seeking Loan in Madurai, India
LED lighting products business with its own trademark seeks funding for business expansion.
| Established | 5-10 year(s) |
| Employees | 2 - 5 |
| Legal Entity | Sole Proprietorship/Sole Trader |
| Reported Sales | USD 29 thousand |
| Run Rate Sales | USD 49 thousand |
| EBITDA Margin | 25 % |
| Industries | Electric Equipment Wholesale |
| Locations | Madurai |
| Local Time | 7:41 AM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Moderately Active |
Seeking Loan
USD
35 thousand
for
10.0%
annual interest,
4
years
(Native Currency: INR 3,000,000)
Reason: We need funds to expand the business outside Tamil Nadu.
We are open to discuss a partial stake sal...
View More
Collateral Available: USD 0
Includes physical assets worth
USD
14 thousand
Name, Phone, Email
Available after connect
Business Name
Available after connect
User Verification
Business Overview
This business is an LED wholesale business based in Madurai, Tamil Nadu. It has two employees and has its own trademarked brand. The products and services include LED emergency bulbs, tube lights, and street lights.
The company has a 40-90% gross profit on its products and a 20% minimum operating profit margin. No regulatory approval or licenses are needed apart from the basic business registration. The company is looking for funding to expand the business.
The company has a 40-90% gross profit on its products and a 20% minimum operating profit margin. No regulatory approval or licenses are needed apart from the basic business registration. The company is looking for funding to expand the business.
Products & Services Overview
LED emergency bulbs, tube lights, street lights, focus lights, and consumer durables. Our top selling product is LED street lights. These are used by electrical contractors, however, we sell the products only through wholesalers, distributors, and retailers.We supply only dealers, distributors, and retailers.
Assets Overview
Tangible assets include stock worth INR 10 lakh; furniture and office equipment worth INR 2 lakh.
Facilities Overview
We have a rented office located in the city center of Madurai.
Capitalization Overview
- We have a bank loan with an outstanding amount of INR 6.8 lakh. The loan is being duly repaid.- This is a sole proprietorship where the owner is an active part of the business.
Recent Activity
-
Earlier than 15 daysPartner, Chennai, Accounting Firm connected with the Business
-
Earlier than 15 daysDirector, Electrical Products, Virudhunagar, Corporate Investor / Buyer connected with the Business
-
Earlier than 15 daysSoftware Engineer, IT, Madurai, 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
3 Investors already contacted this Business.
Register below to connect now!
- Social
- Register
- Login
Who uses SMERGERS?
... and 122,000+ 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