Medical Devices Company Seeking Loan in Chennai, India

Chennai-based business which outsources manufacturing of medical devices to "cluster partners" and does marketing seeks a loan.
This transaction has concluded.

Established From
Employees
Legal Entity
Reported Sales
Run Rate Sales
Nil
EBITDA Margin
Operating at break even
Industries
Locations
Local Time
10:31 AM Chennai
Listed By
Business Owner / Director
Status
Active
Overall Rating
Seeking Loan
USD 130 thousand for 10.0% annual interest, 3 years (Native Currency: INR 10,000,000)
Reason: To scale up the cluster unit in Kerala.
Collateral Available: USD 13 thousand
Includes physical assets worth USD 33 thousand
Interested to connect with advisors
Documents
Business Overview

- This business itself is not involved in manufacturing. It sets up clusters in various locations which do the manufacturing, and this business shares know-how of the same and also helps in marketing activities.

- Business has signed a cluster partner in Kerala who'll be manufacturing these products.

- A second cluster partner is coming up with the facility in Tamil Nadu.

- Promoter has 3 decades of experience.

- Sales will come from equity holdings in clusters and from other sources.

Products & Services Overview

Tertiary care medical devices.

Facilities Overview
Recent Activity
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This transaction has concluded. 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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