Profitable Foundry Seeking Loan in Belagavi, India
Belgaum based manufacturer of cast iron components looking to raise capital setup own foundry.
This transaction has concluded.
| Established | 10-20 year(s) |
| Employees | 10 - 50 |
| Legal Entity | Sole Proprietorship/Sole Trader |
| Reported Sales | USD 80 thousand |
| Run Rate Sales | USD 90 thousand |
| EBITDA Margin | 25 % |
| Industries | Foundries + 1 more |
| Locations | Belagavi |
| Local Time | 1:44 PM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Moderately Active |
Seeking Loan
USD
60 thousand
for
12.0%
annual interest,
7
years
(Native Currency: INR 5,000,000)
Reason: To setup a foundry which will allow us improve margins and production output.
Collateral Available: USD 60 thousand
Includes physical assets worth
USD
90 thousand
Business Overview
- Manufacturer of cast iron parts and components.
- Currently have around 15 regular clients.
- Supply our parts to several industries in Bangalore, Chennai, Pune and Mumbai.
- Intend to setup our own foundry which will help us increase our output and margins significantly and reduce dependency on other foundries.
- Have already secured the land for the foundry to be setup.
- Promoter has nearly a decade of experience in the industry.
Products & Services Overview
Cast iron part machining and fabrication.
Facilities Overview
Machine shop is set up on a 1,200 sq. ft. plot owned by the business. Also own a 10,000 sq. ft. plot where the foundry will be setup.
Capitalization Overview
Not Disclosed
Recent Activity
-
Earlier than 15 daysManaging Director, Metals And Minerals Trading, Chennai, Corporate Investor / Buyer connected with the Business
-
Earlier than 15 daysDirector, Steel Products Trading, George Town, Individual Investor / Buyer connected with the Business
-
Earlier than 15 daysSales Director, Metal Castings, Poltava, Corporate Investor / Buyer connected with the Business
Tags:
Fabricated Metal Products Business Seeking Loan in Belagavi, India
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