Wires and Cables Business Seeking Loan in Delhi, India
Manufacturers of electric wires and cables based in New Delhi having more than 10 clients.
| Established | 5-10 year(s) |
| Employees | 10 - 50 |
| Legal Entity | Sole Proprietorship/Sole Trader |
| Reported Sales | USD 174 thousand |
| Run Rate Sales | USD 420 thousand |
| EBITDA Margin | 0 - 10 % |
| Industries | Wires and Cables |
| Locations | Delhi |
| Local Time | 9:16 PM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Active |
Seeking Loan
USD
230 thousand
for
8.5%
annual interest,
5
years
(Native Currency: INR 20,000,000)
Reason: We are seeking a loan for the working capital requirements of the company and buying more raw materi...
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Collateral Available: USD 0
Includes physical assets worth
USD
58 thousand
Interested to connect with advisors
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Business Name
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Business Overview
- Our company was established in 2017 and we are into manufacturing of electric wires and cables.
- Currently, we have more than 10 clients in New Delhi, Kerala, Gujrat, also in the cities of Maharashtra, Himachal Pradesh.
- We have 8 vendors from whom we procure raw materials.
- The promoter has 18 years of experience in this industry.
- Our monthly manufacturing capacity for aluminium wires is 2.5 crore units and copper wires is 5 crore units.
- The business is registered in the promoter's wife's name.
- The company has an outstanding debt of INR 1 crore.
- Our last year's annual sales were less due to Covid but we are expecting a high growth rate in the current year.
- We are also planning to take part in a government tender that will increase the scope of our business.
- Currently, we have more than 10 clients in New Delhi, Kerala, Gujrat, also in the cities of Maharashtra, Himachal Pradesh.
- We have 8 vendors from whom we procure raw materials.
- The promoter has 18 years of experience in this industry.
- Our monthly manufacturing capacity for aluminium wires is 2.5 crore units and copper wires is 5 crore units.
- The business is registered in the promoter's wife's name.
- The company has an outstanding debt of INR 1 crore.
- Our last year's annual sales were less due to Covid but we are expecting a high growth rate in the current year.
- We are also planning to take part in a government tender that will increase the scope of our business.
Products & Services Overview
The company is engaged in manufacturing various types of cables, domestic and industrial both.
Assets Overview
Physical assets include 10 manufacturing machines and furniture and fixtures.
Facilities Overview
We have a facility with a total land area of 3,870 Sq Ft where the ground floor has an area of 950 sq ft, the 1st floor of 900 sq ft, the second floor of 700 sq ft, and the shed of 200 sq ft.The total built-up area is 2,750 sq ft and the facility is on a rental basis.
Capitalization Overview
Not Disclosed
Recent Activity
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Earlier than 15 daysPartner, Restaurant, Vadodara, Individual Investor / Buyer connected with the Business
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Earlier than 15 daysDirector, Freight Forwarding, Delhi, Corporate Investor / Buyer connected with the Business
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Earlier than 15 daysExecutive Director, New Delhi, Financial Consultant connected with the Business
Tags:
Wires and Cables Business Seeking Loan in Delhi, India
·Lend to Wires and Cables Business in Delhi, India
·Wires Business Seeking Loan in Delhi, India
·Wires and Cables Business Seeking Loan
·Lend to Wires Business in Delhi, India
·Lend to Wires and Cables Business
·Wires Business Seeking Loan
·Lend to Wires Business
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