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Men's Clothing Business Seeking Loan in Naihati, India

Men's shirt manufacturer with 4 clients seeking funds to switch to online business.

Established 5-10 year(s)
Employees 2 - 5
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales USD 18 thousand
Run Rate Sales Nil
EBITDA Margin 10 - 20 %
Industries Men's Clothing
Locations  Naihati
Local Time 2:28 PM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 3.7 thousand for 15.0% annual interest, 5 years (Native Currency: INR 300,000)
Reason: Promoter is looking for funds to restart the business and to set up an online website to start onlin... View More
Collateral Available: USD 0
Includes physical assets worth USD 5 thousand
Interested to connect with advisors
Name, Phone, Email
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Business Name
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Documents
Trade Licence
Business Card
ITR-4
Business Overview

- Men's shirt manufacturing and wholesale unit in Naihati that has been in operations for the last 4 years.

- Currently, operations are on a halt due to the pandemic.

- Produced and sold 4,000 pieces of shirts to 4 distributors across various districts in West Bengal.

- The cloth is bought from a dealer in Delhi and from the wholesalers in the local market.

- Stitching work is outsourced to tailors around the city and packaging is done by the firm.

- The distributors are given a credit period of 60-90 days from the date of purchase.

- Shirts are manufactured and sold under the proprietary brand.

- Intend to develop our own website and start selling the products online.

- Promoter has 4 years of experience in the business.

Products & Services Overview

Men's shirts.

Assets Overview

Assets include inventory, furniture, and small machinery used for packaging.

Facilities Overview

Rented warehouse with a built-up area of 800 sqft and monthly rent INR 5,5000. The rental agreement is renewed every 11months.

Capitalization Overview
Not Disclosed
Recent Activity
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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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