Men's Clothing Business Seeking Loan in Bengaluru, India
Bangalore based manufacturer of men's wear seeks investment for working capital.
| Established | 5-10 year(s) |
| Employees | 10 - 50 |
| Legal Entity | Sole Proprietorship/Sole Trader |
| Reported Sales | USD 17.3 thousand |
| Run Rate Sales | USD 17.3 thousand |
| EBITDA Margin | 20 % |
| Industries | Men's Clothing |
| Locations | Bengaluru |
| Local Time | 2:38 AM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Active |
Seeking Loan
USD
23 thousand
for
10.0%
annual interest,
5
years
(Native Currency: INR 2,000,000)
Reason: Promoter wants to expand the business and is seeking a loan. The funds will be used as working capit...
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Collateral Available: USD 5.8 thousand
Includes physical assets worth
USD
14 thousand
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Available after connect
User Verification
Documents
GST Certificate
(63.7 KB)
Business Overview
- We are a manufacturer of men's trousers, and shorts based in Bangalore.
- Sell under our own brand name to 5-6 wholesalers and retailers on a regular basis in the local markets.
- Have supplied to around 40 wholesalers to date.
- Have 4-5 vendors in Bangalore and Ahmedabad from whom we procure raw materials.
- All work from cutting to stitching is carried out in-house.
- Manufacture around 8,000 apparel in a month and the average price of each apparel ranges from INR 280-500.
- The wholesalers are given a credit period of 15 days to pay the money from the date of purchase.
- Fabric is also bought on a credit basis. The time period ranges from 20-30 days.
- Have developed a wide network of marketing for the last 3 years.
- We have about 50 skilled tailors who work with on a contract basis.
- We intend to increase our production and supply to more number of wholesalers.
- Promoter has 5+ years of experience working with this industry.
- Sell under our own brand name to 5-6 wholesalers and retailers on a regular basis in the local markets.
- Have supplied to around 40 wholesalers to date.
- Have 4-5 vendors in Bangalore and Ahmedabad from whom we procure raw materials.
- All work from cutting to stitching is carried out in-house.
- Manufacture around 8,000 apparel in a month and the average price of each apparel ranges from INR 280-500.
- The wholesalers are given a credit period of 15 days to pay the money from the date of purchase.
- Fabric is also bought on a credit basis. The time period ranges from 20-30 days.
- Have developed a wide network of marketing for the last 3 years.
- We have about 50 skilled tailors who work with on a contract basis.
- We intend to increase our production and supply to more number of wholesalers.
- Promoter has 5+ years of experience working with this industry.
Products & Services Overview
Cotton shorts, trousers, pants, and boxers.
Assets Overview
Physical assets include furniture, 50 different kinds of sewing machines, raw material, and a stock that is worth INR 2 lakh.
Facilities Overview
Rented manufacturing unit with an area of 3,000 sqft, and a monthly rent of INR 30,000. The rental deposit is INR 3,00,000. The unit is located on the 1st floor of the building.
Capitalization Overview
Not Disclosed
Recent Activity
-
Earlier than 15 daysDirector, Business Consultancy, Bengaluru, Individual Investor / Buyer connected with the Business
-
Earlier than 15 daysCEO, IT Services, Bengaluru, Individual Investor / Buyer connected with the Business
-
Earlier than 15 daysDirector, Software Solution, Noida, Individual Investor / Buyer connected with the Business
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