Footwear Business Seeking Loan in Delhi, India

- Manufacture footwear for both children and adults.
- We manufacture both under our own brand and for other brands on contracts.
- Our own brand is trademarked and we have around 3,000 proprietary designs for both adult and children's footwear.
- Manufacture and sell around 6,000 to 9,000 pairs of our own branded shoes each month.
- These shoes are sold by 20 distributors all over India.
- Regularly receive contract work from several well-established brands including Liberty, Relaxo, and Action.
- We also do contract work for 10 to 15 lesser known local brands.
- The contract work contributes to 40 - 50% of our revenue.
- Physical assets owned by the business include inventory and manufacturing equipment.
- The business had to relocate from an older premises due to a disruption which led to a financial loss.
- Moving into the current premises has increased overheads and the general slowdown in the economy has also affected the business negatively.
- The business is still operationally profitable and has recently secured several new orders by extending a credit period of 90 days and we require working capital to fulfill the order.