Newly Established Snack Manufacturing Company Seeking Loan in Madhubani, India
Pre-revenue, high-capacity makhana processing startup seeking bridge funding for facility construction and timely launch.
| Established | 0-1 year(s) |
| Employees | 10 - 50 |
| Legal Entity | Private Limited Company |
| Reported Sales | Nil |
| Run Rate Sales | Nil |
| EBITDA Margin | Nil |
| Industries | Snack Manufacturing |
| Locations | Madhubani |
| Local Time | 2:44 AM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Recently Active |
Seeking Loan
USD
33 thousand
for
12.0%
annual interest,
5
years
(Native Currency: INR 3,000,000)
Reason: The funds will be used as bridge financing to meet the promoter’s margin contribution requirements. ...
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Collateral Available: USD 49 thousand
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Business Overview
- High-capacity foxnut (makhana) processing plant, currently seeking bridge funding to accelerate construction and seize opportunities in the upcoming harvest season.
- The business is in the pre-revenue stage; machinery procurement and operational launch are yet to begin, but registration has been successfully completed.
- Founded by an experienced entrepreneur deeply rooted in the Mithila Makhana belt, the leadership team combines local sourcing expertise with a modern trade vision, leveraging a family business legacy in the region.
- Strategic machinery partner: Partnering with Blacknut Engineering, a leader in food processing technology, to secure a full processing line that will enhance production efficiency.
- Banking partner: Engaging in project appraisal with State Bank of India (SBI), which has sanctioned a term loan in principle under the central PMFME Scheme, facilitating financial support for development.
- Revenue model: The brand aims to generate revenue through a diversified model:
(i) 60% from B2B sales of processed fox nuts to urban wholesalers and exporters in major cities like Delhi and Mumbai.
(ii) 30% from high-margin B2C retail sales of flavored snacks under the own brand.
(iii) 10% through white-labeling for established health food brands.
- Awards and recognition: Recognized under the PMFME Scheme (One District One Product), eligible for a 35% subsidy, thus improving financial feasibility and market positioning.
- Institutional support: Selected for industrial land allotment at the Lohat Food Processing Cluster, the largest Makhana hub in Bihar, enhancing operational capabilities and distribution reach.
- Client base: Actively negotiating with 3 major exporters for a 100% buyback of the first production cycle, while establishing a distribution network in Tier-1 cities to expand market presence.
- The business is registered with the MCA in Bengaluru; however, the processing facility and operations will be located in the BIADA Lohat Industrial Area, Madhubani, Bihar.
- The business is in the pre-revenue stage; machinery procurement and operational launch are yet to begin, but registration has been successfully completed.
- Founded by an experienced entrepreneur deeply rooted in the Mithila Makhana belt, the leadership team combines local sourcing expertise with a modern trade vision, leveraging a family business legacy in the region.
- Strategic machinery partner: Partnering with Blacknut Engineering, a leader in food processing technology, to secure a full processing line that will enhance production efficiency.
- Banking partner: Engaging in project appraisal with State Bank of India (SBI), which has sanctioned a term loan in principle under the central PMFME Scheme, facilitating financial support for development.
- Revenue model: The brand aims to generate revenue through a diversified model:
(i) 60% from B2B sales of processed fox nuts to urban wholesalers and exporters in major cities like Delhi and Mumbai.
(ii) 30% from high-margin B2C retail sales of flavored snacks under the own brand.
(iii) 10% through white-labeling for established health food brands.
- Awards and recognition: Recognized under the PMFME Scheme (One District One Product), eligible for a 35% subsidy, thus improving financial feasibility and market positioning.
- Institutional support: Selected for industrial land allotment at the Lohat Food Processing Cluster, the largest Makhana hub in Bihar, enhancing operational capabilities and distribution reach.
- Client base: Actively negotiating with 3 major exporters for a 100% buyback of the first production cycle, while establishing a distribution network in Tier-1 cities to expand market presence.
- The business is registered with the MCA in Bengaluru; however, the processing facility and operations will be located in the BIADA Lohat Industrial Area, Madhubani, Bihar.
Products & Services Overview
Primary product: Our primary product is premium grade foxnuts (makhana), processed in our automated industrial unit.Product lines:
- Bulk raw makhana (5S grade): Supplied to domestic wholesalers and exporters.
- Value-added roasted snacks: Flavored, ready-to-eat superfood snacks (periperi, cream & onion, Himalayan salt) targeting the health-food market.
- Industrial by-products: Makhana powder used for nutritional supplements.
Assets Overview
The business doesn't have any tangible assets of significant value.Intangible assets:
- Land lease rights: 5,000 sq. ft. industrial plot at BIADA Lohat (govt industrial area).
- Digital infrastructure: Company domain, official email setup, and digital branding assets.
- Basic administrative setup and prototyping tools.
- Government sanction: Approved project under PMFME scheme (eligible for 35% capital subsidy).
- Brand IP: Proprietary brand name for premium makhana snacks.
- Regulatory licenses: Company incorporation (COI), PAN, MSME Udyam registration, and FSSAI basic registration.
- Order book: Finalized vendor agreement with Ratnadeep retail chain for initial supply.
- Vendor contracts: Locked-in pricing and delivery timeline for customized roasting line machinery (Blacknut Engineering).
Facilities Overview
- Facility: Upcoming state-of-the-art processing unit located in the BIADA Lohat industrial cluster.- Plot area: 10,000 sq. ft. (industrial grade).
- Built-up area: ~8,500 sq. ft. pre-engineered building (PEB) structure designed for food safety compliance (FSSAI/HACCP).
- Floors: Ground floor (processing line, roasting section, storage) + mezzanine floor (quality lab & admin office).
- Lease details: Secured on a 90-year long-term lease from BIADA (govt of Bihar), ensuring zero rental risk and permanent asset value.
Capitalization Overview
Current funding:The business is presently 100% bootstrapped by the promoters. We have funded all initial compliance, land application, and legal costs through own capital.
Debts/loans:
- Current status: Zero debt. The company has no outstanding loans or liabilities as of date.
- Credit line available: We have an in-principle sanction of ₹100 lakhs (term loan + working capital) from State Bank of India (SBI) under the PMFME scheme, which is ready to be availed upon land possession.
Ownership structure:
- Legal entity: Private limited company (closely held).
- Total shareholders: 2 (promoter family).
Shareholding pattern:
- Primary (director/promoter): 81%
- Co-promoter/director: 19%
Summary:
100% of the equity is retained by the founding family, ensuring quick decision-making and no external dilution to date.
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