Profitable Wires and Cables Company Investment Opportunity in India

- Business is involved in the manufacturing of wire and wire products.

- Collective experience of the team is 100+ years.

- Company has worked with 200+ clients.

- Business has three product lines: black binding wire, thinner cold dip wire and thicker hot-dip wire.

- Reasons for seeking loan:

➢ The estimated project cost was overshot by 40%

➢ Promoters have difficulty arranging the funds to restart.

➢ The company has to repay the bank even before the project was fully completed.

➢ The working capital loan was diverted for long term purposes.

➢ Once the project was completed, the company did not have enough working capital.

➢ Lack of working capital affected the operations of the company.

➢ The company could not service the loan availed from the bank.

➢ The account was declared as NPA.

- Company is not operational since the month of April due to a lack of funds.

- Business is planning to restart and is willing to present the investment segregation to investors.

The company manufactures wire products such as black binding wire, thinner cold dip wire and thicker hot-dip wire.

The physical assets owned by the business are industrial land, factory shed, P&M unit.

Facility description of the business: 8.78 acres of industrial land owned by the company, 45,000 sq. ft. shed, 3,750 sq. ft. of admin block and elevated drying yard with a built-up area of 3,800 sq. ft.