Newly Established Automotive Accessories Company Seeking Loan in Surat, India

Newly-established manufacturer and exporter of car seat covers that has tied up with 5 suppliers.

Established 0-1 year(s)
Employees 2 - 5
Legal Entity Private Limited Company
Reported Sales Nil
Run Rate Sales USD 120 thousand
EBITDA Margin 10 - 20 %
Industries Automotive Accessories + 1 more
Locations  Surat
Local Time 3:58 AM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 27 thousand for 10.0% annual interest, 7 years (Native Currency: INR 2,000,000)
Reason: We require a loan for working capital. The business is expected to grow once the lock-down is lifted... View More
Collateral Available: USD 47 thousand
Includes physical assets worth USD 47 thousand
Interested to connect with advisors
Name, Phone, Email
Not disclosed
Business Name
Not disclosed
User Verification
Documents
Business Overview

- Manufacture and export car seat covers in 3 varieties i. e. leather, fabric and velvet. The leather and velvet car seat covers are for the premium market.

- Our factory has a daily production capacity of 200 - 400 units.

- The business has an export license. It is exclusively focused on exports and are does not sell the products in the domestic market.

- We have tied up with over 2 suppliers of leather, 2 suppliers of fabric and 1 supplier of velvet.

- In the previous month, we completed an order of USD 21,000 (INR 15 lakh approximately). The gross margin on that order was 25%. For that order, we exported 1 container of fabric car seat cover weighing around 5,706 kg. The order was from a Gulf country. We received over 75% of the payment already.

- We are currently negotiating with a US client on the pricing of an order and we are also in discussion with 3 other potential clients.

- Business has hired 32 employees on a contract basis.

- Promoter of the business has prior experience in manufacturing and selling car seat covers in the domestic market.

Products & Services Overview

Manufacture and export car seat covers in 3 varieties (leather, fabric and velvet).

Assets Overview

One lamination machine costing INR 15,00,000.

Multiple stitching machines.

Inventory worth INR 8,00,000.

Facilities Overview

Renting a manufacturing unit with an area of 19,200 square feet. Paying a discounted monthly rent of INR 50,000 since the property is owned by the promoter's relative. A security deposit hasn't been been paid by the business on the property.

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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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