Jewellery Company Seeking Loan in Mumbai, India
Hallmark gold ornaments manufacturing, wholesale and retail business seeking funds and a third-party director.
Premium Plan
| Established | 20-30 year(s) |
| Employees | 10 - 50 |
| Legal Entity | Private Limited Company |
| Reported Sales | USD 300 - 400 thousand |
| Run Rate Sales | Nil |
| EBITDA Margin | 10 - 20 % |
| Industries | Jewellery |
| Locations | Mumbai |
| Local Time | 4:53 AM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Moderately Active |
Seeking Loan
USD
173 thousand
for
15.0%
annual interest,
5
years
(Native Currency: INR 15,000,000)
Reason: Funds will be used for restarting the business operations and buying new machinery.
Collateral Available: USD 230 thousand
Includes physical assets worth
USD
230 thousand
Interested to connect with advisors
Documents
ROC-Verification.pdf
(73.8 KB)
Business Overview
- Hallmark gold ornament manufacturing, wholesale, and retail business.
- Manufacture 10-15 kgs worth of ornaments monthly and the capacity is increased during festival and wedding seasons.
- The business initially started as a sole proprietorship in Tripura but has since been converted into a private limited company after registering it in Kolkata. The business will be operated from Mumbai.
- Had an average footfall of 12-15 customers weekly prior to the lockdown.
- The business operations are currently suspended due to a lack of funds.
- Business has physical assets worth INR 2 crore but is seeking INR 1.5 cr as the owner requires that amount to restart the business operations.
- We get the gold from banks and other institutions dealing in gold based on the market price.
- Our customers are mainly located in North-East India, Kolkata, and Mumbai.
- The promoter has 10+ years of experience in the industry.
- Manufacture 10-15 kgs worth of ornaments monthly and the capacity is increased during festival and wedding seasons.
- The business initially started as a sole proprietorship in Tripura but has since been converted into a private limited company after registering it in Kolkata. The business will be operated from Mumbai.
- Had an average footfall of 12-15 customers weekly prior to the lockdown.
- The business operations are currently suspended due to a lack of funds.
- Business has physical assets worth INR 2 crore but is seeking INR 1.5 cr as the owner requires that amount to restart the business operations.
- We get the gold from banks and other institutions dealing in gold based on the market price.
- Our customers are mainly located in North-East India, Kolkata, and Mumbai.
- The promoter has 10+ years of experience in the industry.
Products & Services Overview
Manufacture, wholesale, and retailing of hallmark gold ornaments.
Assets Overview
5 small machinery for gold ornaments manufacturing, and inventory.
Facilities Overview
The office and manufacturing unit is temporarily leased in the Zaveri Bazar, Mumba Devi Temple Road. Will buy a property after resolution with the bank.
Capitalization Overview
Not Disclosed
Recent Activity
-
Earlier than 15 daysDirector, Wires Manufacturers, Delhi, Corporate Investor / Buyer connected with the Business
-
Earlier than 15 daysFounder, Healthcare Supply And Services, Pune, Corporate Investor / Buyer connected with the Business
-
Earlier than 15 daysCEO, Chennai, Financial Consultant connected with the Business
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