Solar Projects Company Seeking Loan in Hubballi, India
Company plans to undertake solar panel installation projects on rooftops or empty premises.
This transaction has concluded.
Premium Plan
| Established | 5-10 year(s) |
| Employees | < 2 |
| Legal Entity | Private Limited Company |
| Reported Sales | Nil |
| Run Rate Sales | Nil |
| EBITDA Margin | Nil |
| Industries | Solar Projects |
| Locations | Hubballi |
| Local Time | 2:53 PM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Moderately Active |
Seeking Loan
USD
44 thousand
for
12.0%
annual interest,
5
years
(Native Currency: INR 4,000,000)
Reason: Funding at seed level is required in order to kick-start the business. This fund will allow us to ex...
View More
Collateral Available: USD 0
Includes physical assets worth
USD
1.1 thousand
Interested to connect with advisors
Documents
Business Overview
- Company based in Bangalore that will undertake solar panel installation projects. The company was registered two years ago, but we are yet to kick-start our operations.
- Business would install solar panels for organizations such as educational institutes, hotels and industries in Bhubaneswar, Cuttack, Bangalore, Hubballi and Mysore.
- We have presented our proposals to 91 organizations in Bhubaneswar, 25 in Cuttack, 18 in Bangalore and 7 in Mysore.
- In future, the company will also approach / extend operations in other places such as Lucknow, Dehradun and Haridwar.
- Company will form a team of dedicated staff for monitoring operations and will be supervised by a senior level employee. We are in touch with 2 senior level people in Bhubaneswar.
- Depending upon the city, we will buy solar panels from local companies. For Bangalore, we are in talks with Tata Power and Emmvee Solar.
- Solar energy is enormously available and we plan to utilize the potential through solar projects.
- Generating solar energy is very economical / cost effective, pollution free, provides uninterrupted supply of energy, requires least maintenance as compared to DG set, diesel energy.
- The concept would be eco-friendly in all senses and will be conducive to the well-being of general populace.
- The investor / lender at seed level will be part of the transaction that will be armoured with legal documents.
- There would be a crystal clear transparency for monetary flow. The report would be generated every fortnight as per the wish of the investor. Open to discuss anything related to the project.
- Will abide by the terms & conditions of the memorandum of association executed between the investor and the undersigned.
- Business would install solar panels for organizations such as educational institutes, hotels and industries in Bhubaneswar, Cuttack, Bangalore, Hubballi and Mysore.
- We have presented our proposals to 91 organizations in Bhubaneswar, 25 in Cuttack, 18 in Bangalore and 7 in Mysore.
- In future, the company will also approach / extend operations in other places such as Lucknow, Dehradun and Haridwar.
- Company will form a team of dedicated staff for monitoring operations and will be supervised by a senior level employee. We are in touch with 2 senior level people in Bhubaneswar.
- Depending upon the city, we will buy solar panels from local companies. For Bangalore, we are in talks with Tata Power and Emmvee Solar.
- Solar energy is enormously available and we plan to utilize the potential through solar projects.
- Generating solar energy is very economical / cost effective, pollution free, provides uninterrupted supply of energy, requires least maintenance as compared to DG set, diesel energy.
- The concept would be eco-friendly in all senses and will be conducive to the well-being of general populace.
- The investor / lender at seed level will be part of the transaction that will be armoured with legal documents.
- There would be a crystal clear transparency for monetary flow. The report would be generated every fortnight as per the wish of the investor. Open to discuss anything related to the project.
- Will abide by the terms & conditions of the memorandum of association executed between the investor and the undersigned.
Products & Services Overview
- Undertake solar panel installation project to provide uninterrupted power supply.- We plan to install solar panels on the premises of institutions and industries. It would be preferably installed on the terrace.
Assets Overview
Company owns 1 computer, 1 printer and furniture.
Facilities Overview
- Rented office of 100 sq ft in Hubballi.- We will also set up an office in Bangalore for monitoring operations.
Capitalization Overview
Not Disclosed
Recent Activity
-
Earlier than 15 daysHead - Engineering, Project Management Expert, Bengaluru, Individual Investor / Buyer connected with the Business
-
Earlier than 15 daysCEO, Oil And Gas, Delhi, Corporate Investor / Buyer connected with the Business
-
Earlier than 15 daysVP, Construction And Trading, Manama, Individual Investor / Buyer connected with the Business
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. Note that SMERGERS is not liable for any loss, damage, costs, claims and expenses whatsoever arising from transacting with any other user from the website. The final responsibility of conducting a thorough due diligence and taking the transaction forward lies with the users. Please read best practices on SMERGERS.
