8.1 / 10
 Chennai

Start-up business offering third-party automotive inspection services seeks funds to start manufacturing auto parts.

Key Business Facts
Yearly Sales USD 70 thousand
EBIDTA Margin 25 %
Industries Automotive Systems
Locations  Chennai
Business Overview
- Business offering automotive TPI, inspection and quality control services in Chennai.
- We have 4 major clients who are from the automotive sector.
- Planning to start and expand manufacturing of auto parts.
- We will manufacture for domestic and international clients.
- We are looking for a corporate advisor cum investor.
- Company has orders in hand to manufacture automotive wheel accessories for 2 OEMs.
- Have contact with OEMs for one year and they are renewable.
- Majority of the current revenue is generated from quality control and inspection services.
Products & Services Overview
Automotive inspection services.
Quality control.
Manufacturing.
Warehouse management.
Auto ancillary parts.
Non-automotive parts.
Capitalization Overview
Company has two shareholders from the same family (father and son) Business does not have any loan or liability so far.
Assets Overview
Computers, printers, furniture, chairs, tables, inventory and raw materials, some machinery and equipment.
Seeking Loan
USD 60 thousand for 18.0% annual interest, 3 years (Native Currency: INR 5,000,000)
Reason: Working capital. To purchase new machines and equipment to set-up a new factory for existing orders... View More
Collateral Available: USD 30 thousand
Includes physical assets worth USD 24 thousand
In talks with 3 Investors
Contact Business