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 270 thousand |
| Run Rate Sales | Nil |
| EBITDA Margin | Nil |
| Industries | Injection Moulding |
| Locations | Chennai |
| Local Time | 4:09 PM Asia / Kolkata |
| Listed By | Management Member |
| Status | Active |
Seeking Loan
USD
218 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...
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Collateral Available: USD 163 thousand
Includes physical assets worth
USD
52 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
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Earlier than 15 daysScientist, Petrochemicals, Chennai, Individual Investor / Buyer connected with the Business
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Earlier than 15 daysDirector, Food Import And Export, Chennai, Individual Investor / Buyer connected with the Business
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Earlier than 15 daysProprietor, Consumer Electronics Distributor, Chennai, Corporate Investor / Buyer connected with the Business
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