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Household Products Business Seeking Loan in Tumkur, India

Tumkur based business manufacturing disposable and eco-friendly plates and bowls, selling them to 12 distributors.

Established 5-10 year(s)
Employees 2 - 5
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales USD 270 thousand
Run Rate Sales USD 100 thousand
EBITDA Margin 10 %
Industries Household Products
Locations  Tumkur
Local Time 6:55 PM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 54 thousand for 11.0% annual interest, 5 years (Native Currency: INR 4,000,000)
Reason: Looking to close previous loans that have higher interest rates, and for increasing production capac... View More
Collateral Available: USD 0
Includes physical assets worth USD 20 thousand
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Business Name
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Business Overview

- The products are made out of Areca palm leaf.

- Have a manufacturing unit that has a capacity of producing 18,000 units of product per day.

- Products are currently being sold to 12 distributors who further sell the products pan India.

- We are looking to on-board a food delivery business as a client who will use our plates and bowls in their food packaging.

- We will also begin exporting our products to the USA and Europe markets in the coming few months.

- Revenue has decreased due to covid-19, but it is slowly starting to pick back up.

Products & Services Overview

Manufacturing Areca palm leaf based plates and bowls.

Assets Overview

2 vehicles, 6 production machines and 2 packaging machines.

Facilities Overview

Manufacturing unit is rented and has an area of 5,000 Sq. Ft.

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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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