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Elevator Company Seeking Loan in Visakhapatnam, India

Customized, intelligent, innovative lift solutions and lift software is seeking a loan for business expansion.

Established 1-5 year(s)
Employees 5 - 10
Legal Entity Private Limited Company
Reported Sales USD 60 - 70 thousand
Run Rate Sales USD 150 thousand
EBITDA Margin 0 - 10 %
Industries Elevator + 1 more
Locations  Hyderabad + 1 more
Local Time 5:49 PM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 63 thousand for 15.0% annual interest, 3 years (Native Currency: INR 5,000,000)
Reason: Business expansion.
Collateral Available: USD 130 thousand
Includes physical assets worth USD 13 thousand
Interested to connect with advisors
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Business Name
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Business Plan
Business Overview

- Company is into designing, supply, installation and maintenance of lifts.

- We have installed more than 750 lifts till now.

- Recently we have done a project with a well known MNC client.

- We outsource the products required from Mumbai and we also outsource workers.

- Promoter has an industrial experience of more than two decades.

- The business has 2 directors and the business does not have any loans.

- The business was earlier registered as a general partnership but now we got incorporated as a private limited legal entity.

- Our office is registered in Visakhapatnam we have an office in Visakhapatnam as well as a corporate office located in Hyderabad.

Products & Services Overview

Design, Develop, Manufacture, Supply, Install, Test, Commission, Maintain.

Assets Overview

Material, equipment, laptops, and computers are owned as physical assets.

Facilities Overview

Registered office at Visakhapatnam 900 sq. ft. office on lease in Visakhapatnam and corporate office located in Hyderabad.

Recent Activity
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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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