Industrial Machinery Wholesale Business Seeking Loan in Angamaly, India

- Looking to scale up the sales and meet the market demand & requirements by setting up our own manufacturing.

- We are wholesalers/distributors/traders of specialized industrial cutting tools.

- Our clients are plywood manufacturing units, coir mat industries, and tire industries (manufacturing).

- We have around 200+ clients.

- The business has 6-8 suppliers.

- The promoter and business advisor have 10 years of experience in the industry. We have a lot of contacts that lead to recurring orders from our clients.

- This is the reason the company has a high turnover per employee.

- Last year we did not have a lot of cash and thus inventory levels were low, this led to sales of INR 2.4 crore. Now, we have more cash and are keeping more inventory. We are constantly getting orders.

- Veneer lathe knife & other plywood industries blades.

- Converting industry blades - paper & packaging.

- Recycling industry blades - for pre-sizing & shredding.

Physical assets include stock & inventory valued at about INR 70 lakh, office infrastructure, and packing equipment are valued at about INR 50,000.

We are planning a manufacturing facility of 3,000-5,000 sq. ft. initially and 15,000 sq ft with the idea of future expansions. Currently, we have a rental office in the west of the city.

- Business has registered as a sole proprietorship firm.

- We are planning to give a 50% stake to the primary advisor of the company in the future.

- We have an outstanding MSME loan of INR 50 lakh.