Profitable Textiles Wholesale Business Seeking Loan in Roorkee, India
Textile knitting firm that supplies fabrics to apparel manufacturers, seeking funds for working capital.
| Established | 5-10 year(s) |
| Employees | 5 - 10 |
| Legal Entity | General Partnership |
| Reported Sales | USD 2.34 thousand |
| Run Rate Sales | USD 4.2 thousand |
| EBITDA Margin | 30 % |
| Industries | Textiles Wholesale |
| Locations | Roorkee |
| Local Time | 6:05 AM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Active |
Seeking Loan
USD
58 thousand
for
14.0%
annual interest,
2
years
(Native Currency: INR 5,000,000)
Reason: To meet our working capital requirement.
Collateral Available: USD 0
Includes physical assets worth
USD
58 thousand
Name, Phone, Email
Available after connect
Business Name
Not disclosed
User Verification
Business Overview
- Our business provides knitting services. We buy yarn from open market, convert them into fabric and then sell it to the apparel manufacturing firms.
- Started the business in July 2018, but due to working capital shortage, we are unable to meet orders.
- Have two machines which has combined capacity to produce 884 kgs of output in 24 hours.
- We are currently serving 2 clients. Post receiving working capital funding, we would be selling to more clients in Dehradun, Saharanpur and Delhi.
- Owner of the company has experience working at RBS (Royal Bank of Scotland) and he has also done a course in textile before starting this business.
- Started the business in July 2018, but due to working capital shortage, we are unable to meet orders.
- Have two machines which has combined capacity to produce 884 kgs of output in 24 hours.
- We are currently serving 2 clients. Post receiving working capital funding, we would be selling to more clients in Dehradun, Saharanpur and Delhi.
- Owner of the company has experience working at RBS (Royal Bank of Scotland) and he has also done a course in textile before starting this business.
Products & Services Overview
Converting yarn into fabrics, dyeing and then selling it to apparel manufacturers.
Facilities Overview
Operating out of 4,000 sq ft factory which is in the name of partners.
Capitalization Overview
Not Disclosed
Recent Activity
-
Earlier than 15 daysMD, Investment Firm, Faridabad, Corporate Investor / Buyer connected with the Business
-
Earlier than 15 daysPartner, Manufacturing, Roorkee, Individual Investor / Buyer connected with the Business
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