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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 80 - 90 thousand
Run Rate Sales USD 60 thousand
EBITDA Margin 10 - 20 %
Industries Tiles Manufacturing
Locations  Khurdha
Local Time 1:56 AM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 24 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 30 thousand
Includes physical assets worth USD 50 thousand
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Business Name
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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.

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
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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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