Jewelry Stores Seeking Loan in Lucknow

Wholesaler and retailer of gold, and diamond jewelry with three retail shops in Lucknow. - Started business of gold bullions. - Currently, running with an average sales of 20 lakhs / month due to the COVID-19 pandemic. - The shops run only for 10 days a month and 4 to 5 hrs a day due to the lockdown. - Pre COVID the business was running with an average monthly sales of INR 90 lakh / month. - The peak sales are from March to August every year. - Have our own pre-designed jewellery as well as custom-designed jewellery as per the client's requirements. We also cater to bulk orders from clients. - Have around 20-25 vendors from whom we purchase diamonds who are based in Mumbai & Surat. - The vendors offer us a credit period of 30 days from the date of the transaction. - We also buy domestic gold and remake it as per customers' requirements. - Customers are charged a making charge of 7% depending on the designs and the product. - Physical assets include land, showrooms, furniture, and inventory. - The inventory consists of gold and diamonds which is worth INR 7 crore.

Wholesaler and retailer of gold, and diamond jewelry with three retail shops in Lucknow. - Started business of gold bullions. - Currently, running with an average sales of 20 lakhs / month due to the COVID-19 pandemic. - The shops run only for 10 days a month and 4 to 5 hrs a day due to the lockdown. - Pre COVID the business was running with an average monthly sales of INR 90 lakh / month. - The peak sales are from March to August every year. - Have our own pre-designed jewellery as well as custom-designed jewellery as per the client's requirements. We also cater to bulk orders from clients. - Have around 20-25 vendors from whom we purchase diamonds who are based in Mumbai & Surat. - The vendors offer us a credit period of 30 days from the date of the transaction. - We also buy domestic gold and remake it as per customers' requirements. - Customers are charged a making charge of 7% depending on the designs and the product. - Physical assets include land, showrooms, furniture, and inventory. - The inventory consists of gold and diamonds which is worth INR 7 crore.