Auto Electrical Parts Company Seeking Loan in Faridabad, India

- We are into shoes motor pulley and manufacture it for all types of starter motors.

- Major clients are Pricoal Engineering, Minda, and Autoignition Limited.

- We have yearly contracts with the clients which are renewed annually.

- We manufacture about 5,000 pieces/day and run our unit at 100% capacity.

- The buyers are given a credit period of 50 days from the date of purchase.

- Tie-ups with 3 vendors from whom we purchase raw materials.

- Promoters have 25 years of work experience in similar industries.

Manufacturing of auto electric parts such as alternators and pulleys.

Physical assets include machinery, 2 power passage machines, scraping machines, turning machines, furniture, quality equipment, inventory, and tools. The inventory is worth INR 10 lakh.

Rental unit with an area of 300 square yards with a monthly rent of INR 32,000 and a deposit of INR 64,000. The unit is spread across a 3 storey building. The rental contract is valid for 11 months.