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Newly Established Textile Business Seeking Loan in Howrah, India

Textile manufacturing company in Howrah supplying to state, seeking investment for setting up manufacturing plant.

Established 0-1 year(s)
Employees < 2
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales Nil
Run Rate Sales Nil
EBITDA Margin Nil
Industries Textile
Locations  Howrah
Local Time 12:54 AM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 180 thousand for 10.0% annual interest, 10 years (Native Currency: INR 15,000,000)
Reason: Seeking funds for completion and setting up of our manufacturing unit and starting the business oper... View More
Collateral Available: USD 1.1 million
Includes physical assets worth USD 180 thousand
Interested to connect with advisors
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Business Name
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Business Overview

- Textile manufacturing company, in its pre-revenue stage, based in Howrah.

- We manufacture suiting, shirting, sarees, apparel, etc.

- Have taken up contracts with West Bengal state and central government for supply of our finished goods.

- This includes 15 to 20 state government companies.

- We will manufacture based on the order quantity. -

- Manufacturing capacity is 7,200 meter cloth per day.

- The project annual turnover for the first year is INR 3.5Cr with 15 to 20% profit margins.

- Promoter has experience of 25 years in this textile industry.

- Business has GST registration and pollution certificate.

Products & Services Overview

Textile manufacturing - Products include suiting, shirting, sarees, apparel, etc.

Will supply to West Bengal state and central government companies.

Assets Overview

Physical assets include:

Own land and property.

Plants and machinery.

Rapier looms = 8.

Warping machine =1.

Furniture and fixtures etc.

Facilities Overview

Own Industrial land. 4,500 sq. ft area in Lakhanpur, Howrah. Ground floor with mezzanine floor.

Capitalization Overview

Business is funded by promoter.

There are no outstanding loans or liabilities.

Recent Activity
  • Earlier than 15 days
    Owner, Kolkata, Financial Consultant connected with the Business
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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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