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Solar Projects Company Seeking Loan in Hubballi, India

Company plans to undertake solar panel installation projects on rooftops or empty premises.
This Business is on a 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 6:05 PM Asia / Kolkata
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Seeking Loan
USD 50 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 1.2 thousand
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Not disclosed
User Verification
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.

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
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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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