7.5 / 10
 Pheidinga

Traditional clothing manufacturing business running over a decade in Manipur seeks investment for expansion.

Key Business Facts
Yearly Sales USD 130 thousand
EBIDTA Margin 0 - 10 %
Industries Women's Apparel Stores
Locations  Pheidinga
Business Overview
- Manufacturer of traditional muga clothing, dhotis, silk sarees that is an indigenous traditional Indian dress.
- Secured the National Entrepreneurship Award last year and have also put up stalls in many exhibitions.
- Have served more than 1,00,000 individuals to date.
- Procure raw material from the local market and 10-12 vendors located across India.
- Make 1,200-1,300 pieces of clothes per month and sell them to the local market and 30+ retailers present in metropolitan cities like Guwahati, Kolkata, Delhi, and Chennai.
- Also, have 2 showrooms in Manipur from where products are sold to visiting retailers and wholesalers.
- Clothes are sold under our own proprietary brand.
- Orders are acquired through our network, newspaper advertisements, and references.
- Manufacturing is outsourced to 130 local village people and they are employed on a contractual basis.
- The villagers are provided with all the raw materials and machinery required to make the clothes.
- Packaging is done in-house by 5 workers who work under us.
- Promoter has been running the business since several years and has a good understanding of it.
Products & Services Overview
Handlooms, silk sarees, muga dhotis, ladies blouses, and many more.
Assets Overview
Assets include land, furniture, machinery, and stock. We also have one more upcoming showroom which is under construction. Machinery includes 4 spinning wheels, charkha, 150 looms, and other hand machinery. Inventory worth INR 30 lakh is also included.
Seeking Loan
USD 120 thousand for 10.0% annual interest, 5 years (Native Currency: INR 10,000,000)
Reason: Seeking investment for expansion. Funds will be used as working capital to hire more people, procure... View More
Collateral Available: USD 300 thousand
Includes physical assets worth USD 600 thousand
Interested to connect with advisors
In talks with 1 Investor
Contact Business