Machine Shop Seeking Loan in Coimbatore, India

- We are manufacturers and exporters of components used in valves, pumps, the oil & gas sector, and general engineering companies.

- Currently have more than 10 clients of which 2 are outside Coimbatore.

- The owner of the business has more than 17 years of experience in this field.

- Have 4 CNC turning center machines, 6+ conventional machines, and 1 vertical machining center.

- We are an ISO 9001:2015 certified (TUV SUD) business.

Manufacturers and exporters of turnkey components to oil & gas industries and general engineering industries.

Tangible assets include:

- 1 CNC turning center Lokesh TL-20 Max worth.

INR 6,30,500.

- 1 CNC turning center Lokesh TL-200 worth.

INR 5,50,436.

- 1 CNC turning center HMT Stallion 100 SU worth INR 3,70,833.

- 1 CNC turning center Lokesh TL-160 worth INR 16,04,800.

- 1 Vertical machining center Lokesh worth INR 34,10,200.

Conventional machinery:

- 1 center lathe worth INR 25,550.

- 1 air compressor worth INR 17,791.

- 1 60KVA transformer worth INR 30,454.

- 1 pillar drill CKP PA/30/gt worth INR 58,700.

- 1 band saw cutting worth INR 39,357.

- Other assets worth INR 1,83,352.

The total value of all physical assets is INR 69,21,973.

We operate from a rented production facility of 2,500 sq. ft. in Coimbatore.

- Bank - term loan with an outstanding amount of INR 36.16 lakh and CC loan limit of INR 17 lakh.

- Unsecured loan of INR 65 lakh.

- Business has 3 owners in a 40:40:20 split.