Injection Moulding Company Seeking Loan in Chennai, India
Injection moulding company based in Chennai seeks a loan to restart its operations.
| Established | 50-60 year(s) |
| Employees | 10 - 50 |
| Legal Entity | Private Limited Company |
| Reported Sales | USD 284 thousand |
| Run Rate Sales | Nil |
| EBITDA Margin | Nil |
| Industries | Injection Moulding |
| Locations | Chennai |
| Local Time | 10:51 AM Asia / Kolkata |
| Listed By | Management Member |
| Status | Active |
Seeking Loan
USD
227 thousand
for
10.0%
annual interest,
4
years
(Native Currency: INR 20,000,000)
Reason: Our unit was sealed by the bank for not being able to pay back the debt. Need funds to clear the deb...
View More
Collateral Available: USD 170 thousand
Includes physical assets worth
USD
55 thousand
Name, Phone, Email
Available after connect
Business Name
Not disclosed
User Verification
Documents
ROC-Verification.pdf
(73.9 KB)
Business Overview
Injection moulding manufacturer that supplies products to major OEM companies.
We had been operating since 1975 and recently registered it as a private company.
We used to run two shifts (6 am - 2 pm and 2 pm to 6 am)
Had around 10 clients such as Wapco ZF, Brakes India Limited, and others.
The company unit was sealed 3 months back by the bank as we were not able to pay back the debt.
We had been operating since 1975 and recently registered it as a private company.
We used to run two shifts (6 am - 2 pm and 2 pm to 6 am)
Had around 10 clients such as Wapco ZF, Brakes India Limited, and others.
The company unit was sealed 3 months back by the bank as we were not able to pay back the debt.
Products & Services Overview
Industrial plastic molded components: plastic cam follower, industrial plastic caps, plastic oil filter, knob with threaded insert, plastic locking knobs, and insert molded plastic components.
Assets Overview
Electronic machine, Texair machine and an owned facility with all the infrastructure.
Facilities Overview
The business runs in an owned facility of 5,500 square feet with 4 floors.Facility is in Valasaravakam.
Capitalization Overview
The business was funded by self and through a loan from a bank. There is an outstanding loan of INR 96,00,000. Company has 2 directors.
Recent Activity
-
Earlier than 15 daysScientist, Petrochemicals, Chennai, Individual Investor / Buyer connected with the Business
-
Earlier than 15 daysDirector, Food Import And Export, Chennai, Individual Investor / Buyer connected with the Business
-
Earlier than 15 daysProprietor, Consumer Electronics Distributor, Chennai, Corporate 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
6 Investors already contacted this Business.
Register below to connect now!
- Social
- Register
- Login
Who uses SMERGERS?
... and 64,000+ 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