Leather Goods Business Seeking Loan in Kolkata, India
Leather goods manufacturer selling the products to overseas customers seeks a loan.
| Established | 10-20 year(s) |
| Employees | 5 - 10 |
| Legal Entity | Sole Proprietorship/Sole Trader |
| Reported Sales | USD 297 thousand |
| Run Rate Sales | USD 334 thousand |
| EBITDA Margin | 5 % |
| Industries | Leather Goods |
| Locations | Kolkata |
| Local Time | 1:52 AM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Active |
Seeking Loan
USD
22 thousand
for
15.0%
annual interest,
3
years
(Native Currency: INR 2,000,000)
Reason: Need funds for expansion and further customer acquisition.
Collateral Available: USD 0
Includes physical assets worth
USD
22 thousand
Interested to connect with advisors
Documents
GST Certificate
(76.6 KB)
Business Overview
- We have at the moment 2 overseas customers who are wholesalers. We aim for 2 more customer acquisitions.
- The manufacturing capacity of the unit is 2,000-3,000 bags and 15,000 wallets on a monthly basis.
- Are growing at 12% in terms of revenue compared to last year.
- The raw materials (leather, lining, fabrics, threads) are procured locally. We procure metal fittings from a vendor in China.
- Promoter has 20+ years of experience in this industry.
- The manufacturing capacity of the unit is 2,000-3,000 bags and 15,000 wallets on a monthly basis.
- Are growing at 12% in terms of revenue compared to last year.
- The raw materials (leather, lining, fabrics, threads) are procured locally. We procure metal fittings from a vendor in China.
- Promoter has 20+ years of experience in this industry.
Products & Services Overview
We are a manufacturer and exporter of leather bags, wallets, purses, and belts.
Assets Overview
Assets include stock worth INR 10 lakhs, splitting machines, clicking machines, skiving machines, stitching machines, etc.
Facilities Overview
We have one single floor of 6,000 sqft area on a lease basis. We pay a monthly rent of INR 1.2 lakhs. It is located in the center of the city.
Capitalization Overview
- Business fully funded by the owner.- The present total debt is INR 52 lakhs.
- Total monthly interest paid every month is about INR 75,000.
Recent Activity
-
Earlier than 15 daysSupervisor, Electronics Manufacturer, Kolkata, Individual Investor / Buyer connected with the Business
-
Earlier than 15 daysRelationship Manager, ICICI Bank, Krishnanagar, Bank connected with the Business
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