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Bottled Water Businesses Seeking Loan in Kolkata

Showing 1 - 1 of 1 Bottled Water Businesses Seeking Loan in Kolkata. Lend to a Bottled Water, Mineral Water, Packaged Water, RO Water, Bottling or a Spring Water Business.

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Bottled Water Company Seeking Loan in Kolkata, India

Manufacturer of bottled drinking water seeking capital to restart operations and expand product portfolio.
- The business started operations in 2019 and was engaged in the production and sale of packaged drinking water. - Stopped operations in early 2020 due to the lack of working capital. - While operational, the business used to bottle 32,000 liters of water in a single 8 hour shift. - The bottled water was sold under our own brand in 500 ML, 1L, 2L, 5L, and 20L SKUs. - The factory is BSI and FSSAI compliant. - Our water was distributed in Kolkata and its surrounding areas with the help of 80 distributors. - In the past, the business raised INR 70 lakh of debt from a bank to acquire a 8 kattha (5,760 sq. ft. ) plot adjoining its current factory and to meet its working capital requirements. - However, due to business conditions, the plot could not be acquired during the time and the company was unable to make timely repayments. - At present INR 40 lakh of the loan is outstanding and is classified as an NPA. - Despite proving creditworthiness, having excess tangible real assets, and business disruption due to the pandemic, the bank refused to restructure the loan or offer an extension to repay the loan. - The business is seeking capital to restart operations, retire the outstanding debt, expand the factory and expand the product portfolio to include juices, soda, and bakery products. - While operational, the business was profitable with an operating profit margin of 20% but had poor working capital management practices. - We intend to restart operations with new capital management practices in order to ensure financial health. - The promoter has 15 years of professional experience.
6.8   Kolkata
Run Rate Sales
Nil
EBITDA Margin
Nil
Business Loan
USD 600 K at 10%
Contact Business

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