Newly Established Leather Goods Company Seeking Loan in Indore, India
Seeks-loan: Indore-based non-operational leather manufacturing unit producing fabric from agro-waste with a solid repayment plan.
| Established | 0-1 year(s) |
| Employees | 2 - 5 |
| Legal Entity | Private Limited Company |
| Reported Sales | Nil |
| Run Rate Sales | Nil |
| EBITDA Margin | Nil |
| Industries | Leather Goods |
| Locations | Indore |
| Local Time | 11:14 PM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Active |
Seeking Loan
USD
280 thousand
for
10.0%
annual interest,
2
years
(Native Currency: INR 25,000,000)
Reason: The loan is required to open the leather manufacturing unit. We have funds of INR 1.5 crore in hand ...
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Collateral Available: USD 0
Includes physical assets worth
USD
147 thousand
Interested to connect with advisors
Name, Phone, Email
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Business Name
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User Verification
Documents
ROC-Verification.pdf
(292.6 KB)
Business Overview
- Business, located in Indore, that plans to operate in the leather goods industry.
- The company's primary focus will be on producing leather fabrics using agro-waste materials such as rice husk and banana stem.
- Business will target companies in need of leather for manufacturing purposes, specifically shoe and sofa cloth manufacturers.
- The company has acquired patents and technology required for the production of leather fabric from agro-waste.
- The factory is poised to commence operations 2 months after securing funding.
- Business loan can be repaid within 18 months, with the initial repayment beginning 2 months after operations begin.
- The company is registered with the Ministry of Corporate Affairs (MCA) and GST and is currently in the process of obtaining necessary operational licenses.
- Promoter has previous experience in running a successful plastic granules trading company for 2 years.
- The company's primary focus will be on producing leather fabrics using agro-waste materials such as rice husk and banana stem.
- Business will target companies in need of leather for manufacturing purposes, specifically shoe and sofa cloth manufacturers.
- The company has acquired patents and technology required for the production of leather fabric from agro-waste.
- The factory is poised to commence operations 2 months after securing funding.
- Business loan can be repaid within 18 months, with the initial repayment beginning 2 months after operations begin.
- The company is registered with the Ministry of Corporate Affairs (MCA) and GST and is currently in the process of obtaining necessary operational licenses.
- Promoter has previous experience in running a successful plastic granules trading company for 2 years.
Products & Services Overview
We will be selling leather fabric made from agro-waste.Our customers will be companies using leather to manufacture their products, such as shoe, and sofa cloth manufacturers.
Assets Overview
Tangible asset: 10,000 sq ft of land worth INR 1.3 crore.
Facilities Overview
We will build the factory on our owned 10,000 sq ft land in Indore.
Capitalization Overview
The business currently has no loans and has 2 partners with equal shares.
Recent Activity
-
Earlier than 15 daysMD, Biotechnology, Indore, Individual Investor / Buyer connected with the Business
-
Earlier than 15 daysOwner, Restaurant, Indore, Individual Investor / Buyer connected with the Business
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Earlier than 15 daysDirector, Ahmedabad, Merchant Bank connected with the Business
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