Tiles Manufacturing Business Seeking Loan in Khurdha, India
Tiles manufacturing company with 100 clients in Khurdha seeks funding to utilize the optimum production capacity.
| Established | 5-10 year(s) |
| Employees | 2 - 5 |
| Legal Entity | Sole Proprietorship/Sole Trader |
| Reported Sales | USD 70 - 80 thousand |
| Run Rate Sales | USD 54 thousand |
| EBITDA Margin | 10 - 20 % |
| Industries | Tiles Manufacturing |
| Locations | Khurdha |
| Local Time | 4:01 AM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Moderately Active |
Seeking Loan
USD
22.7 thousand
for
11.0%
annual interest,
10
years
(Native Currency: INR 2,000,000)
Reason: The promoter is seeking funds to buy raw materials and increase production capacity by 50%. He also ...
View More
Collateral Available: USD 28.3 thousand
Includes physical assets worth
USD
45 thousand
Name, Phone, Email
Available after connect
Business Name
Available after connect
User Verification
Documents
Business Overview
- Our company manufactures bathroom and cement tile. We have 100 clients in Khurdha.
- Currently running at 50% of its capacity, manufacturing about 2,000 pieces of tiles / day.
- Sales have dropped due to Covid and pending payments. We have stopped offering credits as of now and been running the business on a cash basis.
- Having the capacity to manufacture about 4,000 pieces / day.
- Have tied up with 4 suppliers who provide raw materials on a cash basis.
- Running with 10 labourers who are on a contractual basis.
- Our clients are located at a radius of 150 km from the manufacturing unit.
- Promoter intends to increase the capacity of production and set up a new plant for manufacturing slippers. We still need to develop a plan for this project.
- Promoter has 5 years of experience working in a manufacturing business.
- Currently running at 50% of its capacity, manufacturing about 2,000 pieces of tiles / day.
- Sales have dropped due to Covid and pending payments. We have stopped offering credits as of now and been running the business on a cash basis.
- Having the capacity to manufacture about 4,000 pieces / day.
- Have tied up with 4 suppliers who provide raw materials on a cash basis.
- Running with 10 labourers who are on a contractual basis.
- Our clients are located at a radius of 150 km from the manufacturing unit.
- Promoter intends to increase the capacity of production and set up a new plant for manufacturing slippers. We still need to develop a plan for this project.
- Promoter has 5 years of experience working in a manufacturing business.
Products & Services Overview
Checkered tiles, parking tiles, bathroom tiles, and cement tiles.
Facilities Overview
Owned manufacturing unit with a built-up area of 2,000 sq. ft.
Capitalization Overview
Not Disclosed
Recent Activity
-
Earlier than 15 daysDirector, Fire And Safety, New Delhi, Corporate Investor / Buyer connected with the Business
-
Earlier than 15 daysAccounts Manager, Civil Engineering, Kolkata, Individual Investor / Buyer connected with the Business
-
Earlier than 15 daysIndependent Advisor, Hyderabad, Financial Consultant 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.
Contact Business
6 Investors already contacted this Business.
Register below to connect now!
- Social
- Register
- Login
Who uses SMERGERS?
... and 62,500+ other businesses of all sizes.
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.
You might also be interested in these businesses