Newly Established Medical Prosthetics Business Seeking Loan in Aizawl, India
Seeking business loan for a medical-prosthetics venture in Mizoram, specializing in artificial limb-manufacturing and physiotherapy-services.
Premium Plan
| Established | 0-1 year(s) |
| Employees | < 2 |
| Legal Entity | Sole Proprietorship/Sole Trader |
| Reported Sales | Nil |
| Run Rate Sales | Nil |
| EBITDA Margin | Nil |
| Industries | Medical Prosthetics |
| Locations | Aizawl |
| Local Time | 7:15 PM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Active |
Seeking Loan
USD
94 thousand
for
10.0%
annual interest,
10
years
(Native Currency: INR 8,000,000)
Reason: We require this funding to set up the manufacturing facility and start operations.
We will be able ...
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Collateral Available: USD 0
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Business Name
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Business Overview
- The business, located in Aizawl, will specialize in the manufacturing and fabrication of artificial limbs, offering fitting, setting alignment, and patient training services.
- In addition to manufacturing prosthetics, the business will offer physiotherapy and training services to assist clients in adapting to and using their prosthetics.
- The business plans to cater to approximately ten clients per month and intends to leverage social media promotion, business relations with the orthopaedic division of another business, and tie-ups with government entities to achieve its targets.
- The promoter has a well-established background in the industry, with 20 years of experience. Additionally, the promoter owns a distributorship of orthopaedic equipment to government hospitals, a retail store selling mobility and orthopaedic equipment, and a physiotherapy clinic.
- The business anticipates needing two months to commence operations and estimates repaying the loan within 5-6 months after initiating its activities.
- The raw materials and equipment required for manufacturing and fabrication will be acquired from Endolite company, enhancing the business's commitment to quality and reliability.
- The business is in the process of acquiring a GST certification and an IMC license.
- In addition to manufacturing prosthetics, the business will offer physiotherapy and training services to assist clients in adapting to and using their prosthetics.
- The business plans to cater to approximately ten clients per month and intends to leverage social media promotion, business relations with the orthopaedic division of another business, and tie-ups with government entities to achieve its targets.
- The promoter has a well-established background in the industry, with 20 years of experience. Additionally, the promoter owns a distributorship of orthopaedic equipment to government hospitals, a retail store selling mobility and orthopaedic equipment, and a physiotherapy clinic.
- The business anticipates needing two months to commence operations and estimates repaying the loan within 5-6 months after initiating its activities.
- The raw materials and equipment required for manufacturing and fabrication will be acquired from Endolite company, enhancing the business's commitment to quality and reliability.
- The business is in the process of acquiring a GST certification and an IMC license.
Products & Services Overview
We will manufacture prosthetics such as hands and legs; and artificial limbs that will be used by physically challenged individuals.We will also provide physiotherapy and training to use these prosthetics.
Assets Overview
Intangible experience: vast knowledge of the promoter in this field.
Facilities Overview
We will operate from a 1,000 sf. ft. , 2 floors facility, 10-year lease agreement signed and incurs a monthly rent of INR 30k, located at the heart of Aizawl, Mizoram.We are operating our retail store at this facility and has ample space to start the manufacturing too.
Capitalization Overview
The project is under process and has no loans/debt and no investors for the time being. The business is a sole proprietorship.
Recent Activity
-
Earlier than 15 daysOwner, Mumbai, Financial Consultant connected with the Business
-
Earlier than 15 daysDirector, International Agro Products Trading, Hyderabad, Individual Investor / Buyer connected with the Business
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