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Profitable Wires and Cables Company Investment Opportunity in India

Company involved in manufacturing wire products seeking investment to restart the business.
This Business is on a Premium Plan
Established 10-20 year(s)
Employees 10 - 50
Legal Entity Private Limited Company
Reported Sales USD 220 thousand
Run Rate Sales Nil
EBITDA Margin 30 %
Industries Wires and Cables
Locations India
Local Time 10:57 AM Asia / Dubai
Listed By Advisor / Business Broker
Status Active
Overall Rating
Seeking Investment
USD 2.7 million for 40.0% stake (Native Currency: AED 10,000,000)
Reason: Seeking investment to settle bank loans, working capital requirements and also to restart the busine... View More
Includes physical assets worth USD 2.5 million
Name, Phone, Email
Not disclosed
Business Name
Not disclosed
User Verification
Documents
Project Moon
Business Overview

- 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.

Products & Services Overview

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

Assets Overview

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

Facilities Overview

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.

Recent Activity
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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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