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Textiles Wholesale Company Seeking Loan in Belagavi, India

Belgaum-based manufacturer of women's apparel seeks funding to expand to Gujarat, Maharashtra, and Goa.

Established 1-5 year(s)
Employees 10 - 50
Legal Entity Private Limited Company
Reported Sales Nil
Run Rate Sales USD 140 thousand
EBITDA Margin 10 - 20 %
Industries Textiles Wholesale + 1 more
Locations  Belagavi
Local Time 3:42 AM Asia / Kolkata
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Seeking Loan
USD 60 thousand for 12.0% annual interest, 7 years (Native Currency: INR 5,000,000)
Reason: We will use the funds to commence mass production, add a new product line with dedicated facilities ... View More
Collateral Available: USD 120 thousand
Includes physical assets worth USD 50 thousand
Interested to connect with advisors
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Business Name
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Business Overview

- Manufacturer and wholesaler of women's apparel.

- We supply products to retailers within a 250 km radius of our unit Belgaum.

- Have no distributors and have direct arrangements with retailers.

- We have covered a lot of Karnataka and want to expand to Goa and Maharashtra now.

- Plan to reach a wider market through an upcoming web portal.

- The company has two owners who hold a 70% and 30% stake respectively.

- No bank loans taken by the company.

- This new private limited entity has been started by a family with previous experience of running a textile proprietorship for 20 years.

- The funds raised will be solely used by the new private limited entity.

- No men are working as labor in the unit, and we strive to be an organization that empowers women.

Products & Services Overview

We manufacture and wholesale a wide range of women's apparel like saree petticoats, leggings, kurtis, night gowns, and slips.

Assets Overview

Physical assets existing stock worth INR 40 lakh, and 12 production machines worth INR 25,000 each.

Facilities Overview

We have rented space for manufacturing with space for 12-15 production machines and for 50 individuals to work.

Capitalization Overview
Not Disclosed
Recent Activity
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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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