Machine Tools Businesses Seeking Loan

- Laser cutting and bending machines manufacturing start-up business, based in Luxembourg. - Our existing business is laser cutting and bending of metal and other materials for various industries. Now, we want to venture into manufacturing of machines used for laser cutting and bending. - Currently we have the business plan, we also have support from the ministry, so we want to start as soon as possible. - We already have a clientele and a sure market as from our existing laser cutting and bending business. - Have already received contracts from 5 of our clients from France, who are from the automotive industry. - Additionally, we have 30 small local companies from Luxembourg and 10 from Germany. - Our existing business is generating > EUR 1 million in annual turnover. - We need funds for starting so that we can start with two shifts of production immediately as we already have the market as well.

- Newly incorporated company located in Vadodara. - We plan to manufacture industrial cutting tools such as solid carbide drill, step drills, PCD reamers, CBN grooving blades. - We would manufacture 30 different types of tools. - Our business will mainly cater to automotive sector. - Some of the companies we are in talks with are Hero, Bajaj, Tata Motors, Mahindra & Mahindra. - It would take around 5 months to start operations upon receiving investment. - Our plant will have the capacity to do INR 90 lakh per month in sales with 20% profit. - Physical assets include land.

- A trading business that buys and sells machine tools, power tools and grinding wheels. - We buy in bulk from vendors. Currently we purchase these products from 10 local vendors. - We sell the products to 40 retail stores located in Agra. - Started business in July of 2017, hence last years sales were only half yearly. - The promoter has 15 years of experience in this field.