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Electrical Measuring Instruments Company Seeking Loan in Chennai, India

Manufacturer of defense electro-mechanical assemblies requires funds for a development project for the Indian Army.

Established 20-30 year(s)
Employees 10 - 50
Legal Entity Public Limited Company
Reported Sales USD 100 - 200 thousand
Run Rate Sales USD 200 thousand
EBITDA Margin Operating at loss
Industries Aerospace & Defense + 1 more
Locations  Chennai
Local Time 5:39 PM Asia / Kolkata
Listed By Management Member
Status Moderately Active
Overall Rating
Seeking Loan
USD 170 thousand for 15.0% annual interest, 3 years (Native Currency: INR 12,500,000)
Reason: Funds are required for working capital for development projects worth INR 30 million.
Collateral Available: USD 0
Includes physical assets worth USD 40 thousand
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Business Overview

- Manufacturers of defense electro-mechanical assemblies. We are the only suppliers in India for more than 8 defense components. We supply the products to the Indian Army.

- Our product specialization is in electromagnets, electromechanical assemblies, relays, analog meters (including hermetically sealed meters), sensors, and indicators.

- The products manufactured are high-end and are produced as per the requirement of the project, varying in the range of 200 to 1,000 units per product per development project.

- The development project takes 8-14 months to be completed.

- We have a strong in-house multidisciplinary team of 30+ years along with a synergistic supplier ecosystem.

- Successfully developed more than 30 import substitution components for the Indian Defense.

- Currently, we are operating at loss as we do not have funds for the working capital to take up new projects, but as a development project is completed we generate profits.

Products & Services Overview

Electromagnets, electromechanical assemblies, relays, analog meters (including hermetically sealed meters), sensors and indicators.

Assets Overview

Sheet metal machinery, inventory, test equipment and test jigs.

Facilities Overview

Rental factory covered area is 8,000 sq. ft. , rented production area is 3,000 sq. ft. , and office rental area about 600 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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