Newly Established Jewellery Business Seeking Loan in Coimbatore, India
Newly established gold jewelry casting business in Coimbatore with 5 wholesale clients.
| Established | 0-1 year(s) |
| Employees | < 2 |
| Legal Entity | Sole Proprietorship/Sole Trader |
| Reported Sales | Nil |
| Run Rate Sales | USD 16.6 thousand |
| EBITDA Margin | Nil |
| Industries | Jewellery |
| Locations | Coimbatore |
| Local Time | 7:56 PM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Moderately Active |
Seeking Loan
USD
11.6 thousand
for
9.0%
annual interest,
5
years
(Native Currency: INR 1,000,000)
Reason: - Since the business is a startup and has only been operational for a few months, we require funding...
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Collateral Available: USD 0
Includes physical assets worth
USD
9.2 thousand
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Available after connect
User Verification
Documents
Udyam Registration Certificate
(79.1 KB)
Business Overview
- The business operates in the jewelry industry, with a focus on casting gold jewelry such as rings, dollars, pendants, and bracelets.
- It has focused primarily on casting rings currently.
- With 1 kg of gold, the business can manufacture 100 g of product.
- Currently engaged in wholesale supply to 5 distributors within Coimbatore.
- While the current focus is on Coimbatore, there is an expressed interest in expanding to other locations within Tamil Nadu.
- The owner of the business brings 15 years of experience in marketing within the jewelry industry to the table, indicating a strong understanding.
- The business has been operational for a relatively short period of 3 months, hence there is no reported revenue mentioned.
- It has focused primarily on casting rings currently.
- With 1 kg of gold, the business can manufacture 100 g of product.
- Currently engaged in wholesale supply to 5 distributors within Coimbatore.
- While the current focus is on Coimbatore, there is an expressed interest in expanding to other locations within Tamil Nadu.
- The owner of the business brings 15 years of experience in marketing within the jewelry industry to the table, indicating a strong understanding.
- The business has been operational for a relatively short period of 3 months, hence there is no reported revenue mentioned.
Products & Services Overview
- The company focuses on the casting and manufacturing of Gold jewelry.The best selling product right now is rings.
- Other products include dollars, pendants, and bracelets.
Assets Overview
The tangible assets include the machinery and equipment used in the manufacturing process.
Facilities Overview
Our office located in Coimbatore is a small manufacturing facility of 1200 sq ft area with the rent paid being INR 20,000 per month.
Capitalization Overview
The business is run by a sole proprietor with no debts or liabilities.
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