Newly Established Snack Manufacturing Company Seeking Loan in Barpeta, India
Startup seeking loan to launch chips and beverage production, with 12 MoUs signed with distributors.
| Established | 0-1 year(s) |
| Employees | 5 - 10 |
| Legal Entity | Private Limited Company |
| Reported Sales | Nil |
| Run Rate Sales | Nil |
| EBITDA Margin | Nil |
| Industries | Snack Manufacturing |
| Locations | Barpeta |
| Local Time | 12:12 PM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Moderately Active |
Seeking Loan
USD
5.6 thousand
for
10.0%
annual interest,
4
years
(Native Currency: INR 500,000)
Reason: - We require a loan to set up machinery and necessary equipment, after which we plan to begin produc...
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Collateral Available: USD 5.6 thousand
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Business Name
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Business Overview
- Led by promoters with 1 year of industry experience, the company has built strong relationships with key partners and stakeholders. We have signed 12 MOUs with distributors to sell our products.
- Along with chips and beverages production, we also plan to sell bakery items such as biscuits and cakes, for which the manufacturing will be outsourced.
- Our pricing is designed to be competitive within the market while maintaining healthy margins.
- Raw materials will be sourced locally.
- Our initial strategy is to sell in the retail format through our distributors and then build an online presence in six months' time.
- We are Start-up India recognized and are also under the Startup Assam Incubation program.
- We conducted a product survey with 100 participants, including school children and corporate professionals. While some found the taste comparable to leading brands, others rated it as superior.
- Have registered as a private limited entity and have applied for an FSSAI license.
- Along with chips and beverages production, we also plan to sell bakery items such as biscuits and cakes, for which the manufacturing will be outsourced.
- Our pricing is designed to be competitive within the market while maintaining healthy margins.
- Raw materials will be sourced locally.
- Our initial strategy is to sell in the retail format through our distributors and then build an online presence in six months' time.
- We are Start-up India recognized and are also under the Startup Assam Incubation program.
- We conducted a product survey with 100 participants, including school children and corporate professionals. While some found the taste comparable to leading brands, others rated it as superior.
- Have registered as a private limited entity and have applied for an FSSAI license.
Products & Services Overview
Currently, we have not begun operations, but we estimate that our potato chips will be the top-selling product, and our potential customers will belong to various demographics across India.We also plan to manufacture non alcoholic drinks such as carbonated water and mango juice.
Assets Overview
The business has no tangible assets.Intangible assets:
- 12 MOUs with distributors.
- Registered as a private limited company.
- Startup India certificate.
Facilities Overview
The factory is in Jania village in Barpeta district with good accessibility. It is currently being rented (INR 15,000 per month).
Capitalization Overview
We have no loans.There are 3 shareholders. The primary director has a 50% share, and the other two directors have 40% and 10% respectively.
Recent Activity
-
Earlier than 15 daysOperations Manager, Advertising, Gorakhpur, Individual Investor / Buyer connected with the Business
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