Industrial Machinery Business Seeking Loan in Nashik, India
5-year-old industrial parts trading firm with 75+ customers seeks funds to build own manufacturing unit.
| Established | 5-10 year(s) |
| Employees | 10 - 50 |
| Legal Entity | Sole Proprietorship/Sole Trader |
| Reported Sales | USD 122 thousand |
| Run Rate Sales | USD 126 thousand |
| EBITDA Margin | 10 % |
| Industries | Industrial Machinery |
| Locations | Nashik |
| Local Time | 6:27 PM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Active |
Seeking Loan
USD
58 thousand
for
10.0%
annual interest,
7
years
(Native Currency: INR 5,000,000)
Reason: To start own manufacturing unit. The funds will be used to build our own furnace. The cost to buy a ...
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Collateral Available: USD 0
Includes physical assets worth
USD
7 thousand
Interested to connect with advisors
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Business Name
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Business Overview
We have been trading tungsten carbide, and silicon carbide for the past 5 years.
- Have more than 75 regular customers.
- We clocked an annual turnover of INR 1 crore and hope to have a 25% revenue growth this year.
- Our customers are manufacturers of fasteners and mining companies involved in stone crushing.
- We also have battery manufacturers are other companies purchasing our products, these include Eveready and Toshiba.
- All customers pay us 50% in advance and 50% on delivery.
- We want to start manufacturing products to improve our margins as we grow our revenue.
- The land for the factory has already been leased in the industrial area and we have purchased about INR 8 lakh of machines as well. However, we need funding support to construct the furnace.
- Have more than 75 regular customers.
- We clocked an annual turnover of INR 1 crore and hope to have a 25% revenue growth this year.
- Our customers are manufacturers of fasteners and mining companies involved in stone crushing.
- We also have battery manufacturers are other companies purchasing our products, these include Eveready and Toshiba.
- All customers pay us 50% in advance and 50% on delivery.
- We want to start manufacturing products to improve our margins as we grow our revenue.
- The land for the factory has already been leased in the industrial area and we have purchased about INR 8 lakh of machines as well. However, we need funding support to construct the furnace.
Products & Services Overview
Mining tools, wear parts, seal rings, silicon carbide thrust bearings, scrapper blades, pipes, valves, flow control products, and carbon thrust bearings. Basically, we have a wide range of tungsten carbide products.It is difficult to classify our top-selling products but the major industries using our products are fastener manufacturers, and stone crushers mining artificial sand.
Assets Overview
Tangible assets are computers, furniture, measuring Instruments, and material stocks.
Facilities Overview
We are working from a rented office located at Nashik Road in the South Western part of Nashik.We have also rented about 1,500 sq. ft of land in an Industrial Estate located about 6 kilometers away from our current office.
Capitalization Overview
- The business started with its own funding of just INR 2 lakh.- Sole proprietorship with no partners involved in the business.
- We do not have any loans in the name of the firm.
Recent Activity
-
Earlier than 15 daysManager, Technology And E-commerce, Seattle, Individual Investor / Buyer connected with the Business
-
Earlier than 15 daysDirector, Chemicals & Industrial Goods, Pune, Individual Investor / Buyer connected with the Business
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Earlier than 15 daysDirector, Mumbai, Financial Consultant connected with the Business
Tags:
Industrial Machinery Business Seeking Loan in Nashik, India
·Lend to Industrial Machinery Business in Nashik, India
·Industrial Machinery Business Seeking Loan in Nasik
·Lend to Industrial Machinery Business in Nasik
·Industrial Machinery Business Seeking Loan
·Lend to Industrial Machinery Business
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