Fabricated Metal Products Company Seeking Loan in Varanasi, India

- Our company currently fabricates replacement parts for industrial machinery.

- We also provide maintenance services for wear & tear of industrial machinery and large manufacturing plants.

- We provide these services to JP Cement, Hindalco. Indian Railways, BHEL, NTPC and other local companies.

- We are seeking funds to start a manufacturing plant for producing stainless steel tubes.

- Post funding, we would take 10 to 12 months to start generating revenue. In the meantime, the stages would include layout design, procurement of machinery, factory setup, and production and sale of final products.

- The director of the company has been in this industry for the last 10 years.

Manufacture metal spares for industrial machinery and provide maintenance services for heavy engineering and Indian thermal, cement, aluminium and steel plants.

Plant and machinery worth INR 35 lakhs, inventory worth INR 30 lakhs, and receivables from large companies in heavy industries worth INR 30 lakhs.

Director of the company has 1 acre of land which will be registered in the company name to start the factory.

INR 24 lakh C. C limit from Union bank.

INR 15 lakh Term loan SIDBI.

Rest from shareholders.

Majority of the shares owned by the promoter (up to 92%)