Newly Established Spices Company Seeking Loan in Coimbatore, India

Company plans to manufacture spices under private label and sell it to wholesalers and retailers.

Established From
Employees
Legal Entity
Reported Sales
Run Rate Sales
Nil
EBITDA Margin
Operating at break even
Industries
Locations
Local Time
2:40 AM Coimbatore
Listed By
Business Owner / Director
Status
Active
Overall Rating
Seeking Loan
USD 70 thousand for 12.0% annual interest, 10 years (Native Currency: INR 5,000,000)
Reason: To kick start the operations.
Collateral Available: USD 0
Includes physical assets worth USD 4 thousand
Name, Phone, Email
Available after connect
Business Name
Not disclosed
User Verification
Documents
Business Overview

- Company will manufacture spices, oils and pickles under private label and sell it through wholesalers and retailers.

- The director of the company has been in this industry sine the last 20 years and has a solid network with over 200 farmers to procure raw materials at lowest price.

- After procuring the raw materials, we'll process and package and then sell it.

- Have taken up 10,600 sq ft of premises on rent which has an office space and a building with 2 machinery for manufacturing spices. In the process to buy another machine for processing oils.

- Production capacity of spices manufacturing machine is 80 kgs per hours and capacity for oil processing machine is 100 kgs per hour.

- Target market: Plan to start selling in Coimbatore, then move to other cities in Tamil Nadu and further entire South India. In the later phase we'll move to Central and North India.

Products & Services Overview

First phase: Manufacturing of spices and edible oils.

Second phase: Manufacturing of pickles, jams, sweets and savoury.

Facilities Overview
Recent Activity
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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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