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Foundry Seeking Loan in Belagavi, India

Belgaum based manufacturer of cast iron components looking to raise capital setup own foundry.

Established 10-20 year(s)
Employees 10 - 50
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales USD 80 thousand
Run Rate Sales USD 90 thousand
EBITDA Margin 25 %
Industries Foundries + 1 more
Locations  Belagavi
Local Time 8:16 PM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 60 thousand for 12.0% annual interest, 7 years (Native Currency: INR 5,000,000)
Reason: To setup a foundry which will allow us improve margins and production output.
Collateral Available: USD 60 thousand
Includes physical assets worth USD 90 thousand
Name, Phone, Email
Not disclosed
Business Name
Not disclosed
User Verification
Business Overview

- Manufacturer of cast iron parts and components.

- Currently have around 15 regular clients.

- Supply our parts to several industries in Bangalore, Chennai, Pune and Mumbai.

- Intend to setup our own foundry which will help us increase our output and margins significantly and reduce dependency on other foundries.

- Have already secured the land for the foundry to be setup.

- Promoter has nearly a decade of experience in the industry.

Products & Services Overview

Cast iron part machining and fabrication.

Facilities Overview

Machine shop is set up on a 1,200 sq. ft. plot owned by the business. Also own a 10,000 sq. ft. plot where the foundry will be setup.

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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