Rice Mill Seeking Loan in Kolkata, India

- Agricultural commodity trading business specializing in various varieties of rice.

- It has been operational for the past 8 years. Its founder initiated this venture with the intention of gaining insights into the rice industry, with the ultimate objective of establishing a manufacturing plant.

- After thorough negotiations with a bank, we have secured an old plant for INR 10 crore, comprising a selling price of INR 9 crore and INR 1 crore in liabilities such as land revenue.

- This plant possesses the capability to process and manufacture 120 MT of rice daily. However, it requires renovation, estimated at INR 15 crore, which is anticipated to take a minimum of 6 months post-acquisition.

- Recognizing a significant market void for an organized brand offering regional rice varieties, the founder has identified a promising opportunity. Notably, major players like Adani Wilmar are also seeking entry into this segment.

- With the founder boasting 8 years of experience in managing this enterprise and a total of 20 years in the rice industry, the groundwork is laid for a compelling venture.

- We are MSME, GST and FSSAI registered.

We sell different varieties of rice like Sella, Chaoulmouni, and super Miniket.

The tangible assets include a vehicle for the transportation of goods and some office equipment.

We operate from a rented office and godown in Burdwan.

- This is a debt-free sole proprietorship.

- The bank has agreed to provide us with a CC limit of INR 200 crore for working capital once the plant is operational.

- Since the start of this business, we have not defaulted on a single EMI. We have cultivated a good relationship with the bank over the last 8 years and have a very good credit history.