Newly Established Textile Packaging Business Seeking Loan in Allahabad, India

Company designs carry bags for textile and telecom shops, having over 100 clients in Allahabad.

Established From
Employees
Legal Entity
Reported Sales
Run Rate Sales
USD 100 thousand
EBITDA Margin
15 %
Industries
Locations
Local Time
7:07 PM India
Listed By
Business Owner / Director
Status
Moderately Active
Overall Rating
Seeking Loan
USD 27 thousand for 15.0% annual interest, 3 years (Native Currency: INR 2,000,000)
Reason: Seeking funds to increase the production capacity by purchasing machines and setting up our own manu... View More
Collateral Available: USD 2.7 thousand
Includes physical assets worth USD 5.3 thousand
Name, Phone, Email
Available after connect
Business Name
Available after connect
User Verification
Documents
Business Overview

- Business is involved in the design and manufacturing of carry bags for textile and telecom shops in Allahabad.

- Have tie-ups with 3 manufacturing units who procure the materials and manufacture the bags.

- We are currently printing 1,80,000 bags on a monthly basis.

- Have 103 clients which include mostly retail shops in the textile and telecom industry. Of these, we design custom printed bags for 40 clients.

- Revenue split: 55% from non-printed bags, and the rest from custom printed bags.

- We receive most of our orders through calls and WhatsApp and are looking to expand to other cities by developing a mobile app.

- Targeted cities include Lucknow and Kanpur and the app is expected to be launched in 2-3 months on both Android and iOS platforms.

- We are seeking funds to increase the production capacity by purchasing machines and setting up our own manufacturing facility. The profit-margin is expected to be 30% once we set up the facility.

- Business owned assets include the stock.

Products & Services Overview

Non-woven bag, printed non-woven bag, printing fabric, design of graphics for bag and t-shirt.

Facilities Overview
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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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