Men's Clothing Business Seeking Loan in Bangalore, India
New-gen apparel manufacturing company partnered with Myntra seeks a loan.
| Established | 5-10 year(s) |
| Employees | 10 - 50 |
| Legal Entity | Sole Proprietorship/Sole Trader |
| Reported Sales | USD 164 thousand |
| Run Rate Sales | USD 168 thousand |
| EBITDA Margin | 16 % |
| Industries | Men's Clothing + 1 more |
| Locations | Bangalore |
| Local Time | 3:18 PM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Moderately Active |
Seeking Loan
USD
58 thousand
for
16.0%
annual interest,
2
years
(Native Currency: INR 5,000,000)
Reason: Need funds for working capital.
Collateral Available: USD 0
Includes physical assets worth
USD
58 thousand
Business Overview
- Manufacturing capacity is 4,000 pieces for high fashion clothing and 20,000 for usual knitwear on a monthly basis.
- Have catered to 10 clients to date.
- Currently supplying the products to 8 clients who are retailers, corporates, and well-established brands.
- One effective way to foster employee satisfaction and loyalty is through thoughtful and well-timed gifting which we provide.
- The promoter has 4 years of experience in this industry.
- Have catered to 10 clients to date.
- Currently supplying the products to 8 clients who are retailers, corporates, and well-established brands.
- One effective way to foster employee satisfaction and loyalty is through thoughtful and well-timed gifting which we provide.
- The promoter has 4 years of experience in this industry.
Products & Services Overview
Manufacturers of shirts, trousers, shorts, hoodies, dresses, jumpsuits, skirts etc.Cater to well-established brands who are retailers and also supply to corporates.
Assets Overview
Tangible assets include stock worth INR 24 lakhs, machines, cutting tables, furniture, etc.
Facilities Overview
Factory is located in the north of the city on a 3,500 sqft area with a monthly rent of INR 50,000.
Capitalization Overview
- Company has 1 owner and is looking to convert into a private limited company by bringing in an investor.- Business has a loan of INR 12 lakhs.
Recent Activity
-
Earlier than 15 daysFounder And Chief Solutions Officer, Dubai, Financial Consultant connected with the Business
-
Earlier than 15 daysDirector, Food Import And Export, Chennai, Individual Investor / Buyer connected with the Business
-
Earlier than 15 daysCEO, Technology - IT, Bangalore, Individual Investor / Buyer connected with the Business
Tags:
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