Newly Established Synthetic Fabrics Business Seeking Loan in Surat, India
Manufacturer of polyester-based cloth used in sarees and garments, producing 6,000+ meters daily.
This transaction has concluded.
| Established | 0-1 year(s) |
| Employees | 5 - 10 |
| Legal Entity | Sole Proprietorship/Sole Trader |
| Reported Sales | Nil |
| Run Rate Sales | USD 340 thousand |
| EBITDA Margin | 16 % |
| Industries | Synthetic Fabrics |
| Locations | Surat |
| Local Time | 12:20 PM Asia / Kolkata |
| Listed By | Management Member |
| Status | Active |
Seeking Loan
USD
113 thousand
for
12.0%
annual interest,
7
years
(Native Currency: INR 10,000,000)
Reason: The loan will help the business buy more machines to increase its manufacturing capacity.
Collateral Available: USD 0
Includes physical assets worth
USD
113 thousand
Business Overview
- The business operates in the synthetic fabrics industry, specifically producing polyester-based cloth predominantly used in sarees and garments. Surat, known as the textile hub of India, provides a strategic location for the business.
- The business started its operations in June this year.
- With a small team of 8 employees, the business has demonstrated its ability to efficiently manufacture a variety of grey fabrics, which are then supplied to factories for dyeing and subsequent production.
- The production capacity of the business is substantial, with over 6,000 meters of cloth manufactured on a daily basis. This speaks to the scalability of the business and its potential for growth.
- The business currently has 5 ongoing contracts with a remarkable 100% repeat rate, indicating a strong and loyal customer base. This not only provides a stable revenue stream but also showcases the quality and reliability of the products.
- The billing cycle for the business ranges from 30 to 40 days, providing a reasonable cash flow timeline for investors to consider.
- Business is in the process of obtaining GST registration and is expected to receive it by the end of the current month.
- The business started its operations in June this year.
- With a small team of 8 employees, the business has demonstrated its ability to efficiently manufacture a variety of grey fabrics, which are then supplied to factories for dyeing and subsequent production.
- The production capacity of the business is substantial, with over 6,000 meters of cloth manufactured on a daily basis. This speaks to the scalability of the business and its potential for growth.
- The business currently has 5 ongoing contracts with a remarkable 100% repeat rate, indicating a strong and loyal customer base. This not only provides a stable revenue stream but also showcases the quality and reliability of the products.
- The billing cycle for the business ranges from 30 to 40 days, providing a reasonable cash flow timeline for investors to consider.
- Business is in the process of obtaining GST registration and is expected to receive it by the end of the current month.
Products & Services Overview
- Our polyester-based cloth is commonly utilized in the creation of sarees and various garments.- The versatility of polyester allows for a wide range of designs and patterns, suitable for diverse fashion preferences.
Assets Overview
The business owns 13 dual paddle machines worth INR 1 crore.
Facilities Overview
The business operates a rented factory in Surat where all the manufacturing and packaging takes place.
Capitalization Overview
The business is self-financed by the 2 partners in the business.Both hold equal shares, and the business is self-financed.
Recent Activity
-
Earlier than 15 daysOwner, Fabric Wholesaler, Surat, Individual Investor / Buyer connected with the Business
-
Earlier than 15 daysDirector, Ahmedabad, Merchant Bank connected with the Business
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