Newly Established Yachts and Boats Business Seeking Loan in Pondicherry, India
Game and fishing boat manufacturer in Pondicherry, seeking funding for manufacturing capacity expansion and project completion.
| Established | 0-1 year(s) |
| Employees | 5 - 10 |
| Legal Entity | General Partnership |
| Reported Sales | Nil |
| Run Rate Sales | Nil |
| EBITDA Margin | Nil |
| Industries | Yachts and Boats |
| Locations | Pondicherry |
| Local Time | 9:01 AM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Moderately Active |
Seeking Loan
USD
223 thousand
for
10.0%
annual interest,
10
years
(Native Currency: INR 20,000,000)
Reason: Seeking funding for expansion of the manufacturing unit, capacity and completion of the projects in ...
View More
Collateral Available: USD 0
Includes physical assets worth
USD
56 thousand
Business Overview
- Startup specializes in the manufacturing of game and fishing boats, catering to the tourism industry.
- Having a current order from a tour company in Andaman for 10 boats at a cost of INR 24 lakhs per boat.
- Scheduled completion of the current order by the end of next month.
- Identified high potential in the Andaman and export markets.
- Planning for further expansion of the manufacturing unit.
- Manufacturing capacity currently stands at 2 boats per month and has plans to double the production capacity.
- Business has IRF certification for the boats.
- Having a current order from a tour company in Andaman for 10 boats at a cost of INR 24 lakhs per boat.
- Scheduled completion of the current order by the end of next month.
- Identified high potential in the Andaman and export markets.
- Planning for further expansion of the manufacturing unit.
- Manufacturing capacity currently stands at 2 boats per month and has plans to double the production capacity.
- Business has IRF certification for the boats.
Products & Services Overview
Game and fishing boats.Supplying to tour companies in Andaman.
Has a high potential for export as well.
Assets Overview
Physical assets include manufacturing equipment, inventory and office equipment.
Facilities Overview
Operating from a rented manufacturing facility of 5,000 sq ft, located in Mudaliarpet, Pondicherry.Rent is INR 12k per month.
Capitalization Overview
Business is self-funded.Having outstanding bank loans.
Family owned business with 3 partners.
Recent Activity
-
Earlier than 15 daysFounder, Motor Vehicle Manufacturer, Pune, Individual Investor / Buyer connected with the Business
-
Earlier than 15 daysBusiness Consultant & Advisor, Trading, Jakarta, Corporate Investor / Buyer connected with the Business
Tags:
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