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Profitable Apparel Wholesale Business Seeking Loan in Imphal, India

Production unit cum training center for manufacturing traditional handloom for men and women.

Established 5-10 year(s)
Employees < 2
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales USD 36 thousand
Run Rate Sales USD 43 thousand
EBITDA Margin 30 - 40 %
Industries Apparel Wholesale
Locations  Imphal
Local Time 2:19 AM Asia / Kolkata
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Seeking Loan
USD 12 thousand for 10.0% annual interest, 2 years (Native Currency: INR 1,000,000)
Reason: Funds will be used to set up a silkworm rearing unit to produce our own silk and use it as raw mater... View More
Collateral Available: USD 0
Includes physical assets worth USD 18 thousand
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Business Overview

- Firm is one of the first manufacturing unit in Manipur to produce traditional clothes using Flying 8 loom weaving technique. Founder has learned this technique under a master trainer from Germany.

- We manufacture traditional clothes & dresses for men & women and sell it to retailers in Manipur. Have tie-ups with 12 retailers.

- We also provide training on weaving technique for free of cost. Post training, if a student wishes to work for us, we hire them as a staff in our factory.

- Have trained over 40 students and we have 20 staff at our factory. These staff are temporary workers and not permanent employees.

- We procure silk from 1 fixed vendor and from a few villagers locally. We plan to set up our own silkworm rearing unit to produce silk.

- Our firm is a member of Startup Manipur. Founder has 5 years of experience in this industry.

Products & Services Overview

Manufacture traditional dhoti, sarees, dress, shirts, garment, uncut silk fabric.

Assets Overview

45 looms, 2 reeling machines, 12 warping mills, 35 spinning wheels, 1 factory shed.

Facilities Overview

- Factory is set up on a 2,496 sq ft area. The facility is owned by the proprietor and not in name of the company.

- Have an office building cum hostel for female staff. It's of 1 floor and the area size is 700 sq ft. This facility is also owned by the proprietor and not in the name of the company.

Capitalization Overview
Not Disclosed
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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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