Newly Established Textile Business Seeking Loan in Howrah, India
Textile manufacturing company in Howrah supplying to state, seeking investment for setting up manufacturing plant.
| Established | 0-1 year(s) |
| Employees | < 2 |
| Legal Entity | Sole Proprietorship/Sole Trader |
| Reported Sales | Nil |
| Run Rate Sales | Nil |
| EBITDA Margin | Nil |
| Industries | Textile |
| Locations | Howrah |
| Local Time | 9:51 AM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Active |
Seeking Loan
USD
167 thousand
for
10.0%
annual interest,
10
years
(Native Currency: INR 15,000,000)
Reason: Seeking funds for completion and setting up of our manufacturing unit and starting the business oper...
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Collateral Available: USD 1 million
Includes physical assets worth
USD
167 thousand
Interested to connect with advisors
Business Overview
- Textile manufacturing company, in its pre-revenue stage, based in Howrah.
- We manufacture suiting, shirting, sarees, apparel, etc.
- Have taken up contracts with West Bengal state and central government for supply of our finished goods.
- This includes 15 to 20 state government companies.
- We will manufacture based on the order quantity. -
- Manufacturing capacity is 7,200 meter cloth per day.
- The project annual turnover for the first year is INR 3.5Cr with 15 to 20% profit margins.
- Promoter has experience of 25 years in this textile industry.
- Business has GST registration and pollution certificate.
- We manufacture suiting, shirting, sarees, apparel, etc.
- Have taken up contracts with West Bengal state and central government for supply of our finished goods.
- This includes 15 to 20 state government companies.
- We will manufacture based on the order quantity. -
- Manufacturing capacity is 7,200 meter cloth per day.
- The project annual turnover for the first year is INR 3.5Cr with 15 to 20% profit margins.
- Promoter has experience of 25 years in this textile industry.
- Business has GST registration and pollution certificate.
Products & Services Overview
Textile manufacturing - Products include suiting, shirting, sarees, apparel, etc.Will supply to West Bengal state and central government companies.
Assets Overview
Physical assets include:Own land and property.
Plants and machinery.
Rapier looms = 8.
Warping machine =1.
Furniture and fixtures etc.
Facilities Overview
Own Industrial land. 4,500 sq. ft area in Lakhanpur, Howrah. Ground floor with mezzanine floor.
Capitalization Overview
Business is funded by promoter.There are no outstanding loans or liabilities.
Recent Activity
-
Earlier than 15 daysFounder CEO LB FInancial Services, Kolkata, Financial Consultant connected with the Business
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