Profitable Textiles Wholesale Business Seeking Loan in Tiruppur, India
Debt-free wholesaler and supplier of textiles to top American retail brands seeks funding.
This transaction has concluded.
Premium Plan
| Established | 10-20 year(s) |
| Employees | 10 - 50 |
| Legal Entity | General Partnership |
| Reported Sales | USD 24 million |
| Run Rate Sales | USD 24 million |
| EBITDA Margin | 25 % |
| Industries | Textiles Wholesale |
| Locations | Tiruppur |
| Local Time | 2:05 AM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Active |
Seeking Loan
USD
5 million
for
10.0%
annual interest,
5
years
(Native Currency: USD 5,000,000)
Reason: Earlier, we used to sell to the USA and Canada-based retailers through importers. However, two years...
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Collateral Available: USD 1 million
Includes physical assets worth
USD
1.3 million
Interested to connect with advisors
Documents
Group PAN Card
(132.1 KB)
GST Certificate
(170.1 KB)
ExPort - Import Code
(171.0 KB)
Dubai Trade Licence
(2.3 MB)
Registration Certificate
(328.1 KB)
Certificate of Registration
(647.2 KB)
Financial Statement (Latest)
(328.5 KB)
Business Overview
We are an exporter and factory-direct buying and sourcing office for all garment manufacturing - woven, knit, and sweater products. We have our head office in India and manufacturing facilities in Bangladesh and India.
We are one of the significant suppliers of uniform & sportswear retail brands in the US and Canada. Currently, we work with Forever 21, Fashion Nova, Tilly's, Hot Topic, Meijer, BoxLunch, Spencer's, PacSun, Urban Outfitters, Rue21, Burlington, Aeropostale, Ross Stores, T. J. Maxx, Dd's Discounts, Citi Trends, Zumiez, Buckle, Walmart (USA), Wal-Mart Canada, Costco Wholesale, Target, Walt Disney, Hardrock Cafe, and many more like Music Licenses, Thirty Single, H3 Sportgear, Cptn Apparel, Bensussen Deutsch & Associates (BDA INC), Alphabroder USA & Canada, Eagle Promotions, Hit Promotional Products, and Superior Uniform Group Inc.
Through this profile, we aim to get a business loan of USD 5 million (INR 41 crore). For the past five years, our business has shown a profit of over 25% yearly on a payment terms FOB basis. Now, all the US and Canadian retailers are looking for a payment term net of 45-60 days (net 45 or 60 days means after shipment and delivery to the customer warehouse. Our business has been successful due to its 30-plus years of experience and relationship with customers, fabric mills, trims suppliers, and factories. We could source and produce the best quality product for the customer at the very best price with a stipulated delivery time. We used to do business for up to USD 25 million with our funds and without bank support or loans.
After Covid, after a downtrend in business, we opened our own sales and marketing office in Los Angeles two years ago and after that in Florida. Now, we have seen massive growth in business with direct retailers' supply, and the business offer we got from retail stores for next year is over USD 100 million.
We have seven sales personnel between our LA office and the Florida office. They are working with the following customers:
Forever 21, Fashion Nova, Tilly's, Hot Topic, Meijer, BoxLunch, Spencer's, PacSun, Urban Outfitters, Rue21, Burlington, Aeropostale, Ross Stores, T. J. Maxx, Dd's Discounts, Citi Trends, Zumiez, Buckle, Walmart (USA), Wal-Mart Canada, Costco Wholesale, Target, Walt Disney, Hardrock Cafe, and many more Music Licenses, Thirty Single, H3 Sportgear, Cptn Apparel, Bensussen Deutsch & Associates (BDA INC), Alphabroder USA & Canada, Eagle Promotions, Hit Promotional Products, Superior Uniform Group, Inc, etc.
The employee count does not include the hundreds of employees involved in the production.
We are one of the significant suppliers of uniform & sportswear retail brands in the US and Canada. Currently, we work with Forever 21, Fashion Nova, Tilly's, Hot Topic, Meijer, BoxLunch, Spencer's, PacSun, Urban Outfitters, Rue21, Burlington, Aeropostale, Ross Stores, T. J. Maxx, Dd's Discounts, Citi Trends, Zumiez, Buckle, Walmart (USA), Wal-Mart Canada, Costco Wholesale, Target, Walt Disney, Hardrock Cafe, and many more like Music Licenses, Thirty Single, H3 Sportgear, Cptn Apparel, Bensussen Deutsch & Associates (BDA INC), Alphabroder USA & Canada, Eagle Promotions, Hit Promotional Products, and Superior Uniform Group Inc.
Through this profile, we aim to get a business loan of USD 5 million (INR 41 crore). For the past five years, our business has shown a profit of over 25% yearly on a payment terms FOB basis. Now, all the US and Canadian retailers are looking for a payment term net of 45-60 days (net 45 or 60 days means after shipment and delivery to the customer warehouse. Our business has been successful due to its 30-plus years of experience and relationship with customers, fabric mills, trims suppliers, and factories. We could source and produce the best quality product for the customer at the very best price with a stipulated delivery time. We used to do business for up to USD 25 million with our funds and without bank support or loans.
After Covid, after a downtrend in business, we opened our own sales and marketing office in Los Angeles two years ago and after that in Florida. Now, we have seen massive growth in business with direct retailers' supply, and the business offer we got from retail stores for next year is over USD 100 million.
We have seven sales personnel between our LA office and the Florida office. They are working with the following customers:
Forever 21, Fashion Nova, Tilly's, Hot Topic, Meijer, BoxLunch, Spencer's, PacSun, Urban Outfitters, Rue21, Burlington, Aeropostale, Ross Stores, T. J. Maxx, Dd's Discounts, Citi Trends, Zumiez, Buckle, Walmart (USA), Wal-Mart Canada, Costco Wholesale, Target, Walt Disney, Hardrock Cafe, and many more Music Licenses, Thirty Single, H3 Sportgear, Cptn Apparel, Bensussen Deutsch & Associates (BDA INC), Alphabroder USA & Canada, Eagle Promotions, Hit Promotional Products, Superior Uniform Group, Inc, etc.
The employee count does not include the hundreds of employees involved in the production.
Products & Services Overview
Men, women, and Kids - woven, knit, and sweater products have our head office in India, manufacturing facilities in Bangladesh and India, and sales office in the USA. We buy from factories in India and Bangladesh and sell to retail stores and importers in USA and Canada.Our team has over 30 years of experience in manufacturing for the EU and USA markets; we understand the market conditions, the quality demanded by our customers, on-time deliveries, and producing a superior product for our customers. We can offer all kinds of woven, knitted sweaters, leather clothing, accessories, and caps products on a FOB, CNF, and DDP basis.
Assets Overview
Tangible assets:- We have almost 900 sewing machines, with each device across three factories in India (2) and Bangladesh (1). We do not own the factories, but the 900 sewing machines worth USD 360,000 (each worth USD 400) are owned by us.
- Office equipment and computers across our six global offices are worth USD 900,000.
Intangible assets:
- 2 own domestic shirt brands in India.
Facilities Overview
All our offices are rented, and we have offices in:- India (Tirupur) and Bangladesh (Dhaka) for sourcing and buying,
- Hong Kong and Dubai offices for financial management.
- Los Angeles and Florida, USA, for sales and marketing.
- We have 2 Factory partnerships in Tirupur, India, and one factory partnership with Dhaka - Bangladesh. India 2 Factories together having almost 200 Machines and Dhaka Factory having. 700 Machines.
Capitalization Overview
- The business has no prior or outstanding loans.- We run our business with good turnover and Profitability. We are currently using our funds for business.
- No bank loan or outside funding.
- The general partnership that owns this business has two partners.
Recent Activity
-
Earlier than 15 daysConsultant, Bengaluru, Financial Consultant connected with the Business
-
Earlier than 15 daysSenior Relationship Manager, Aditya Birla Finance Ltd, Coimbatore, Financial Institution connected with the Business
-
Earlier than 15 daysDirector, Financial Services, Chennai, Corporate Investor / Buyer connected with the Business
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