Animal Feed Company Seeking Loan in Jalgaon, India

- Cattle feed manufacturing business with a current presence in Maharashtra.

- 5 distributors currently handling distribution across the region.

- Current manufacturing capacity of 50 metric tonnes per day, with the potential to scale up to 100 metric tonnes per day.

- Promoters bring in 3 years of industry experience.

- All necessary licenses including pollution, GST, Udyam, and FSSAI are in place.

- Sourcing raw materials from 22 vendors.

- Offering own branded feed products.

- Operating on a markup revenue model.

- Products sold through distributors, reaching retailers and end consumers.

- Two promoters with complementary expertise: one with technical knowledge and experience in the cattle feed industry, and the other with marketing experience.

- Exploring bulk sales opportunities with advance payment conditions.

Cattle feed manufacturers in Maharashtra with B2B sales.

Leased land.

Plant & machinery.

Office building/labor quarters/car parking.

Godown.

All the assets are illiquid.

Land spans 48,420 square feet, while the plant and machinery godown covers 7,500 square feet. Additionally, there's an 8,000-square-foot area designated for maize drying (Concrete Coba), a 1,200-square-foot office, and an 800-square-foot parking lot. Labor quarters occupy 1,000 square feet, and facilities for laborers, including toilets and bathrooms, spanning 150 square feet. The land is leased for 99 years from the Maharashtra Industrial Development Corporation (MIDC). The number of years remaining on the lease is 94. The property is located in Khadki.

The business is funded by Canara Bank with a total funding of INR 2 Cr. (term loan: INR 1.3 Cr, CC: INR 70 Lakhs). Currently outstanding: term loan: INR 1.1 Cr, CC: INR 70 Lakhs. There's an INR 46.89 Lakhs subsidy amount in the Reserve Fund account of the bank. Two owners hold a 50% stake each.