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