Textiles Wholesale Company Seeking Loan in Bailhongal, India
Producers of cotton bales seek funds to start an agro-commodity processing unit in Bailhongal.
| Established | 1-5 year(s) |
| Employees | 5 - 10 |
| Legal Entity | Private Limited Company |
| Reported Sales | USD 100 - 200 thousand |
| Run Rate Sales | USD 346 thousand |
| EBITDA Margin | 4 % |
| Industries | Textiles Wholesale |
| Locations | Bailhongal |
| Local Time | 5:49 PM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Moderately Active |
Seeking Loan
USD
346 thousand
for
16.0%
annual interest,
5
years
(Native Currency: INR 30,000,000)
Reason: Need working capital to expand the cotton production and start the processing of chana dal. We have ...
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Collateral Available: USD 0
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Documents
ROC-Verification.pdf
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Business Overview
- Processors and wholesalers of cotton bales.
- The company processes about 100 tons of cotton lint every month.
- Asset-light model, we are renting the entire production facility (including the processing equipment)
- We hire 10 workers for the processing.
- We started earning revenue in December of last year and did revenue of INR 1.1 crore in just three months.
- Revenue is seasonal and we are projected to close this year at around INR 3 crore.
- The founders of the company belong to a family of agro-commodity traders, they process cotton as now with this company. But, we are looking to enter food processing (chana). The cotton business is seasonal and the chana business will offer some stability.
- The company processes about 100 tons of cotton lint every month.
- Asset-light model, we are renting the entire production facility (including the processing equipment)
- We hire 10 workers for the processing.
- We started earning revenue in December of last year and did revenue of INR 1.1 crore in just three months.
- Revenue is seasonal and we are projected to close this year at around INR 3 crore.
- The founders of the company belong to a family of agro-commodity traders, they process cotton as now with this company. But, we are looking to enter food processing (chana). The cotton business is seasonal and the chana business will offer some stability.
Products & Services Overview
We process raw cotton and sell value-added and by-products like cotton bales, lint, cottonseed, and cotton seed oil/cake.We want to start the processing and wholesale of puffed Bengal gram (Futana), and chana husk (cattle feed).
Assets Overview
We do not own any assets as all the production equipment and unit are leased. The facility is shared with other producers as well. Office furniture was bought under a sister concern.
Facilities Overview
Our registered office is in the eastern part of Bailhongal in the APMC market. This office is rented.Our cotton production happens in a rented part of a big cotton processing factory in Bailhongal. We share these premises with other producers.
Capitalization Overview
- No loans or liabilities in the name of the business.- The private limited company has two equal shareholders.
Recent Activity
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Earlier than 15 daysFounder And Chief Solutions Officer, Dubai, Financial Consultant connected with the Business
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Earlier than 15 daysFounder, Mumbai, Financial Consultant connected with the Business
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Earlier than 15 daysFounder, Mumbai, Financial Consultant connected with the Business
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