Jewellery Company Seeking Loan in Mumbai, India

- 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, wholesale, and retailing of hallmark gold ornaments.

5 small machinery for gold ornaments manufacturing, and inventory.

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.