Newly Established Elevator and Conveying Equipment Business Seeking Loan in Bangalore, India

Manufacturing unit for automotive and household products that is looking to expand into elevator manufacturing.

Established From
Employees
Legal Entity
Reported Sales
Run Rate Sales
USD 70 thousand
EBITDA Margin
30 %
Locations
Local Time
7:12 AM Bangalore
Listed By
Business Owner / Director
Status
Active
Overall Rating
Seeking Loan
USD 90 thousand for 12.0% annual interest, 4.0 years (Native Currency: INR 6,000,000)
Reason: Invested all savings for setting up. Need funds for new project orders and for expansion.
Collateral Available: USD 7 thousand
Includes physical assets worth USD 70 thousand
Name, Phone, Email
Not disclosed
Business Name
Not disclosed
User Verification
Documents
Gst Certificate
Business Overview

- Current unit is a component manufacturing unit started in 2018 February.

- We have 6 clients on board and are looking to expand further.

- We supply mostly in South India and we are looking to expand pan India.

- For the projects our clients supply us the raw material themselves and we do the job work which helps them keep costs low.

- Have a new project order and need to acquire 7-8 new machines for which we need funding.

- Also looking for funds in order to expand into a new venture with an established Mumbai based company to set up an elevator manufacturing unit in Bangalore.

Products & Services Overview

Automotive components, house hold products.

Facilities Overview
Recent Activity
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. Note that SMERGERS is not liable for any loss, damage, costs, claims and expenses whatsoever arising from transacting with any other user from the website. The final responsibility of conducting a thorough due diligence and taking the transaction forward lies with the users. Please read best practices on SMERGERS.
Contact Business
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.
You might also be interested in these businesses

Frequently
Asked
Questions

  • Why can’t I see the business’ name or contact number? How do I contact the business?
  • What level of due diligence does SMERGERS conduct on the businesses/member?
  • How can I be sure that the business profile will be active?
  • How does SMERGERS rate business profiles?
  • Do I need to pay to connect with a business?
  • Show more