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Knitwear Business Seeking Loan in Tiruppur, India

Garment manufacturing and export business with customers in USA and Italy seeks a loan.

Established 1-5 year(s)
Employees 10 - 50
Legal Entity General Partnership
Reported Sales Nil
Run Rate Sales USD 600 thousand
EBITDA Margin 10 %
Industries Apparel Wholesale + 1 more
Locations  Tiruppur
Local Time 6:15 PM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 240 thousand for 7.0% annual interest, 2 years (Native Currency: INR 20,000,000)
Reason: For business development (hire sales team), to pick a few more orders and expand to more countries.
Collateral Available: USD 0
Includes physical assets worth USD 20 thousand
Interested to connect with advisors
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Business Name
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Business Overview

- Manufacturer and exporter of knitted garments like t-shirts, pyjamas, and inner-wear.

- Rented manufacturing facility in Tiruppur and 100% of the products are exported.

- Annual production capacity is 1 million garments.

- We export wholesale to our customers in the USA, UAE, Canada, and Italy.

- We have our own IEC and also use the services of other traders to export our products.

- Customers pay us in US dollars.

- Debt-free general partnership business with two equal partners.

Products & Services Overview

Garments manufactured and exported by us include t-shirts, pyjamas, track pants, body suits, hooded sweatshirts, women's & kid's leggings, and polo t-shirts.

Assets Overview

Physical assets include 110 production machines like sewing, cutting, and finishing machines. The value of all the machines is about INR 17 lakh.

Facilities Overview

Rented 2 story manufacturing facility of 16,000 sq. ft. Each floor has 8,000 sq. ft. of space (2*8,000).

Capitalization Overview
Not Disclosed
Recent Activity
  • 7 hours ago
    Founder, Mumbai, Financial Consultant connected with the Business
  • Earlier than 15 days
    Director, Mumbai, Financial Consultant connected with the Business
  • Earlier than 15 days
    Director, FMCG, Kochi, Individual Investor / Buyer connected with the Business
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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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