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Leather Goods Business Seeking Loan in Mumbai, India

PVC leather export company seeking loan to finance export orders.
This transaction has concluded.

Established 5-10 year(s)
Employees 2 - 5
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales USD 300 thousand
Run Rate Sales USD 250 thousand
EBITDA Margin 10 %
Industries Leather Goods
Locations  Mumbai
Local Time 9:21 AM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 60 thousand for 24.0% annual interest, 3 years (Native Currency: INR 5,000,000)
Reason: The funds will be used as working capital to finance export orders.
Collateral Available: USD 9 thousand
Includes physical assets worth USD 9 thousand
Interested to connect with advisors
Business Overview

- Mumbai based exporter of PVC leather for use in the manufacture of consumer goods.

- Export an average of 400 - 500 MT of leather per year to around 10 clients in South Africa.

- Source leather from 2 suppliers in Gujarat and Tamil Nadu respectively.

- Source orders and place them with our suppliers who manufacture and ship them directly from their home ports to the clients' destination.

- Plan to start exports to UAE and Saudi Arabia in a few months.

- Own a 20 ft. and a 40 ft. shipping container.

- Promoter has 11 years of experience in the industry.

- Due to the pandemic induced restrictions on exports, we experienced a drop in revenue.

Products & Services Overview

PVC leather for use in the manufacture of consumer goods.

Assets Overview

Car, 2 shipping containers, computer, printer, desk and chairs.

Facilities Overview

Home based office.

Capitalization Overview
Not Disclosed
Recent Activity
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This transaction has concluded. View similar business opportunities on SMERGERS
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.

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