Footwear Business Seeking Loan in Delhi, India

Delhi based manufacturer of footwear for both children and adults seeking debt capital to fund operations.

Established From
Employees
Legal Entity
Reported Sales
Run Rate Sales
USD 70 thousand
EBITDA Margin
10 - 20 %
Industries
Locations
Local Time
5:57 PM New Delhi
Listed By
Management Member
Status
Recently Active
Overall Rating
Seeking Loan
USD 33 thousand for 10.0% annual interest, 2 years (Native Currency: INR 2,500,000)
Reason: Most of the funds will be used as working capital to fulfill orders we have already received. The re... View More
Collateral Available: USD 33 thousand
Includes physical assets worth USD 80 thousand
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Available after connect
User Verification
Documents
GST Certificate
Business Overview

- 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.

Products & Services Overview

Footwear products for adults and children. Products include ballerina shoes, heels, oxford shoes, safety shoes, loafers, sandals, and slippers.

Facilities Overview
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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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