Mining Machinery Company Seeking Loan in Coimbatore, India
Mining equipment firm with 40 customers seeks working capital for project delivery in 6 months.
| Established | 5-10 year(s) |
| Employees | 5 - 10 |
| Legal Entity | Private Limited Company |
| Reported Sales | USD 340 thousand |
| Run Rate Sales | USD 340 thousand |
| EBITDA Margin | 15 % |
| Industries | Mining Machinery |
| Locations | Coimbatore |
| Local Time | 10:56 PM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Moderately Active |
Seeking Loan
USD
28.4 thousand
for
10.0%
annual interest,
3
years
(Native Currency: INR 2,500,000)
Reason: We are seeking investment to support working capital and complete a project with a delivery timeline...
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Collateral Available: USD 0
Includes physical assets worth
USD
3.4 thousand
Interested to connect with advisors
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Business Name
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Business Overview
- Located in Coimbatore, this niche player in the mining machinery sector specialises in the assembly and branding of high-performance drilling rigs, catering to a specific clientele focused on mining and export.
- Operational model involves outsourcing manufacturing to maintain quality and cost-effectiveness with in-house assembly and branding, optimising logistics and customisation for clients.
- Core products include the top-selling river circulation, blast hole, and bore holder drilling rigs, known for their efficiency and reliability among mining enterprises.
- Successfully serving a substantial network of 40 active customers, the firm has proven its capability in delivering approximately 5 machines annually, showcasing consistency and market demand.
- The company features a streamlined workforce of 8 employees, ensuring a personalised approach to customer service and project execution in the mining industry.
- Promoter is an industry veteran with a mechanical engineering background and an MBA in finance, alongside a decade of experience, driving innovation and financial acumen in operations.
- The firm is capitalising on the growing mining sector, aligning its product offerings to meet escalating demands for advanced drilling equipment.
- Equipped with GST registration, MSME certification, and an Importer Exporter Code (IEC), the company is strategically positioned for both domestic influence and international trade facilitation.
- Operational model involves outsourcing manufacturing to maintain quality and cost-effectiveness with in-house assembly and branding, optimising logistics and customisation for clients.
- Core products include the top-selling river circulation, blast hole, and bore holder drilling rigs, known for their efficiency and reliability among mining enterprises.
- Successfully serving a substantial network of 40 active customers, the firm has proven its capability in delivering approximately 5 machines annually, showcasing consistency and market demand.
- The company features a streamlined workforce of 8 employees, ensuring a personalised approach to customer service and project execution in the mining industry.
- Promoter is an industry veteran with a mechanical engineering background and an MBA in finance, alongside a decade of experience, driving innovation and financial acumen in operations.
- The firm is capitalising on the growing mining sector, aligning its product offerings to meet escalating demands for advanced drilling equipment.
- Equipped with GST registration, MSME certification, and an Importer Exporter Code (IEC), the company is strategically positioned for both domestic influence and international trade facilitation.
Products & Services Overview
We specialise in high-performance mining machinery.Our top-selling products include:
- River circulation drilling rig.
- Blast hole drilling rig.
- Bore holder drilling rig.
Our primary clients are mining companies and exporters.
Assets Overview
Tangible assets.- All the office equipment.
Facilities Overview
We are operating from a rented facility.
Capitalization Overview
The business has no loans.Has 2 directors with equal shares.
Recent Activity
-
Earlier than 15 daysDirector, Convyeors, Coimbatore, Individual Investor / Buyer connected with the Business
-
Earlier than 15 daysPartner, Chennai, Accounting Firm connected with the Business
-
Earlier than 15 daysIndependent Advisor, Coimbatore, Commercial Real Estate Broker connected with the Business
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