Household Products Company Seeking Loan in Purulia, India
Firm manufactures around 20-25 tonnes of incense sticks per month and supplies to 20+ pan India wholesalers.
| Established | 5-10 year(s) |
| Employees | 2 - 5 |
| Legal Entity | Private Limited Company |
| Reported Sales | USD 30 - 40 thousand |
| Run Rate Sales | USD 68 thousand |
| EBITDA Margin | 30 - 40 % |
| Industries | Household Products |
| Locations | Purulia |
| Local Time | 10:41 PM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Active |
Seeking Loan
USD
42 thousand
for
13.0%
annual interest,
4
years
(Native Currency: INR 3,700,000)
Reason: To increase production and expand the marketing team.
Collateral Available: USD 68 thousand
Includes physical assets worth
USD
73 thousand
Name, Phone, Email
Available after connect
Business Name
Available after connect
User Verification
Documents
ROC-Verification.pdf
(60.8 KB)
Business Overview
- We are manufacturers and traders of incense sticks that are produced in-house and have a unit in Purulia.
- We produce 20-25 tonnes of incense sticks per month and sell it to around 20-25 wholesalers across India.
- Incense sticks are sold raw and also under our own proprietary brand that is trademarked.
- 80% of the production is sold in raw form and the remaining 20% is packaged and sold under our own brand.
- There are no long term contracts with any of the buyers.
- We acquire raw materials from 4 vendors.
- The products are made by 125 people who are self-help workers and are employed on a contractual basis.
- The average price of the raw incense sticks is INR 80/kg.
- Promoter has been running the business for one year but has earlier worked in the industry for several years.
- We produce 20-25 tonnes of incense sticks per month and sell it to around 20-25 wholesalers across India.
- Incense sticks are sold raw and also under our own proprietary brand that is trademarked.
- 80% of the production is sold in raw form and the remaining 20% is packaged and sold under our own brand.
- There are no long term contracts with any of the buyers.
- We acquire raw materials from 4 vendors.
- The products are made by 125 people who are self-help workers and are employed on a contractual basis.
- The average price of the raw incense sticks is INR 80/kg.
- Promoter has been running the business for one year but has earlier worked in the industry for several years.
Products & Services Overview
Perfumed incense sticks.
Assets Overview
Physical assets include land, machinery, raw materials, stock. The stock is worth INR 15 lakh.
Facilities Overview
Owned office of 1,000 sqft. We also have a rented manufacturing unit with an area of 4,000 square feet with a monthly rent of INR 30,000/month.
Capitalization Overview
Not Disclosed
Recent Activity
-
Earlier than 15 daysOwner, Hospital, West Bengal, Individual Investor / Buyer connected with the Business
-
Earlier than 15 daysDirector, Engineering, Raniganj, Individual Investor / Buyer connected with the Business
-
Earlier than 15 daysManager, Construction And Engineering, Vadodara, Individual Investor / Buyer connected with the Business
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. Note that SMERGERS is not liable for any loss, damage, costs, claims and expenses whatsoever arising from transacting with any other user from the website. The final responsibility of conducting a thorough due diligence and taking the transaction forward lies with the users. Please read best practices on SMERGERS.
Contact Business
3 Investors already contacted this Business.
Register below to connect now!
- Social
- Register
- Login
Who uses SMERGERS?
... and 64,500+ other businesses of all sizes.
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.
You might also be interested in these businesses