Foundry Seeking Loan in Pimpri-Chinchwad, India

Manufacturer and trader of angles, pipes, chemical tanks with more than 150 clients.

Established
Employees
Legal Entity
Reported Sales
Run Rate Sales USD 1 million
EBITDA Margin 15 %
Industries Foundries + 1 more
Locations  Pimpri-Chinchwad
Local Time 6:21 PM India
Listed By Management Member
Status Active
Overall Rating
Seeking Loan
USD 270 thousand for 15.0% annual interest, 5 years (Native Currency: INR 20,000,000)
Reason: Need working capital to boost the business.
Collateral Available: USD 0
Includes physical assets worth USD 700 thousand
Name, Phone, Email
Available after connect
Business Name
Available after connect
User Verification
Documents
GST Certificate
Business Overview

- Maharashtra based firm engaged in the manufacturing of MS angels, channels, plate, pipes, and also trading of other raw materials required by the companies.

- Also, provide services for different job works like construction of conveyer belts, chemical tanks, and fabrication works.

- Manufacturing depends on the orders received and the requirements. On average we manufacture about 150 tonnes/month.

- Procure raw materials from 5 vendors located in India.

- Cater to sugar factories, autoline works, steel companies, and other chemical companies.

- Clients are acquired through references, strong networks, and recommendations.

- We are working for about 180 clients currently and do not have any contracts with clients.

- We deliver products and services as per the client's order and requirement.

- Sales have dropped due to the pandemic.

- Promoter has 20+ years of experience working with the steel industry.

Products & Services Overview

Manufacture MS channel, MS angle, MS plate, pipe, copper, and also provide job work services to other companies.

Assets Overview

Assets include machinery like laser machines, cutting machines, bending machines, and other electrical equipment. Also includes stock of about INR 3 crore.

Facilities Overview
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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