Automotive Systems Business Seeking Loan in Vadodara, India

- We are a medium-scale business dealing in import and export.

- Our company has an experience of 5+ years in this industry.

- We source the material from China and Europe. We have tie-ups with 2 such vendors.

- The business has 50+ clients that include MNCs and government organizations.

- Our products are also exported to Europe, the Middle East, and Africa.

- 90% of our revenue comes from the import and export and 10% from the repair & refurbishment services that we provide.

- Out of the total sales, 90% are domestic and 10% are exports.

- Our run rate sales dropped slightly due to the pandemic and change in the tax laws.

- We also have our own manufacturing set up and are planning to manufacture our own products.

- The business has one owner with a 100% stake in the company.

- Business has an outstanding loan of INR 45 lakh.

We trade in the following products-

- Mechanical power transmission equipment.

- Gearboxes/geared motors/mechanical speed variators.

- CRGO electrical steel coils/sheets.

We also do onsite services for the mechanical power transmission units with perfect repairing/refurbishment & rebuilding.

Physical assets include land and building with an area of 5,482 sq. feet, plant & machine, and office equipment.

We own a facility with 5,482 sq. feet of built-up area in a prime industrial location at Vadodara city of Gujarat state in India, which is our own property. The same is an industrial shed with RCC construction of 6,000 sq. feet as a warehouse.