Electrical Component Business Seeking Loan in Ghaziabad, India

Manufacturer of electrical MS boxes and fan boxes producing 250 units daily is seeking a loan.

Established 5-10 year(s)
Employees 2 - 5
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales USD 7 thousand
Run Rate Sales USD 24 thousand
EBITDA Margin 20 %
Industries Electrical Component
Locations  Ghaziabad
Local Time 10:17 AM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 20 thousand for 18.0% annual interest, 5 years (Native Currency: INR 1,500,000)
Reason: We require an investment primarily for working capital. We also want to expand our capacity so that ... View More
Collateral Available: USD 4.7 thousand
Includes physical assets worth USD 4.7 thousand
Interested to connect with advisors
Name, Phone, Email
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Business Name
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Documents
GST Certificate
Business Overview

- Manufacturer of electrical MS box and fan box.

- Have a daily production capacity of 200 - 300 units.

- We have 2 distributors for our products. The markup on our products are approximately 22% - 25%.

- Our products are generic and are not sold through a proprietary brand.

- We source our products from 1 - 2 suppliers.

- The business experienced high growth recently since they identified a new distributor.

- The promoter has taken on a personal loan for the business. They will reveal the details of the loan to the investor directly.

- The major machinery involved in the transaction are 3 power press, 1 spot welding machine, 1 electric welding machine, 2 hand press machines and 2 cutters.

- Business has 2 workers who are responsible for the manufacturing and 1 employee who is responsible for maintaining the accounts.

- Promoter is willing to provide the machinery and the internal furnishing of the production unit as a collateral. Besides that, the owner is willing to pay a higher interest rate on the loan since the collateral value is significantly lower than the loan amount requested. Additionally, the business is open for investments in exchange of a partial stake sale.

Products & Services Overview

Manufacturer of electrical MS box and fan box.

Facilities Overview

Renting a production unit with an area of 500 square feet Paying a monthly rent of INR 5,000. The business has not paid any deposit and the duration of the rental agreement is 11 months subject to renewal.

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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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