Textiles Wholesale Company Seeking Loan in Bailhongal, India

- Processors and wholesalers of cotton bales.

- The company processes about 100 tons of cotton lint every month.

- Asset-light model, we are renting the entire production facility (including the processing equipment)

- We hire 10 workers for the processing.

- We started earning revenue in December of last year and did revenue of INR 1.1 crore in just three months.

- Revenue is seasonal and we are projected to close this year at around INR 3 crore.

- The founders of the company belong to a family of agro-commodity traders, they process cotton as now with this company. But, we are looking to enter food processing (chana). The cotton business is seasonal and the chana business will offer some stability.

We process raw cotton and sell value-added and by-products like cotton bales, lint, cottonseed, and cotton seed oil/cake.

We want to start the processing and wholesale of puffed Bengal gram (Futana), and chana husk (cattle feed).

We do not own any assets as all the production equipment and unit are leased. The facility is shared with other producers as well. Office furniture was bought under a sister concern.

Our registered office is in the eastern part of Bailhongal in the APMC market. This office is rented.

Our cotton production happens in a rented part of a big cotton processing factory in Bailhongal. We share these premises with other producers.

- No loans or liabilities in the name of the business.

- The private limited company has two equal shareholders.