Household Products Business Seeking Loan in Ramgarh, India

Scented agarbatti manufacturing business based in Ramgarh, Jharkhand seeks funds to expand product range and production capacity.

Established 1-5 year(s)
Employees 10 - 50
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales USD 100 - 200 thousand
Run Rate Sales USD 160 thousand
EBITDA Margin 30 %
Industries Household Products
Locations  Ramgarh
Local Time 5:44 AM Asia / Kolkata
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Seeking Loan
USD 70 thousand for 15.0% annual interest, 3 years (Native Currency: INR 5,000,000)
Reason: To expand our product range and increase production capacity. Funds will be used to purchase machine... View More
Collateral Available: USD 40 thousand
Includes physical assets worth USD 5.4 thousand
Interested to connect with advisors
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Business Overview

- ISO 9001:2015 certified scented agarbatti manufacturing business.

- Products are sold under our own brand.

- Have our own manufacturing unit with a maximum production capacity of 4,000 kg per month and a 90% capacity utilization.

- Have distribution channels across India and supply to 40+ wholesalers and 2,000+ retailers. We also have our own eCommerce website through which individual customers can buy.

- We are seeking funds to expand our product range by adding more variety of scented candles, mosquito coils, and home cleaning liquids. We are also looking to increase our production capacity to 10,000 kg per month.

- Promoter has over 8 years of industry experience.

- Business owned assets include machinery.

Products & Services Overview

Agarbatti, candles, wax sticks, and hand wash liquid.

Facilities Overview

Own 2,000 sq ft personal property.

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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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