Business Overview
- Startup specializes in the manufacturing of game and fishing boats, catering to the tourism industry.
- Having a current order from a tour company in Andaman for 10 boats at a cost of INR 24 lakhs per boat.
- Scheduled completion of the current order by the end of next month.
- Identified high potential in the Andaman and export markets.
- Planning for further expansion of the manufacturing unit.
- Manufacturing capacity currently stands at 2 boats per month and has plans to double the production capacity.
- Business has IRF certification for the boats.
Products & Services Overview
Game and fishing boats.
Supplying to tour companies in Andaman.
Has a high potential for export as well.
Capitalization Overview
Business is self-funded.
Having outstanding bank loans.
Family owned business with 3 partners.
Assets Overview
Physical assets include manufacturing equipment, inventory and office equipment.
Seeking Loan
USD
235 thousand
for
10.0%
annual interest,
10
years
(Native Currency: INR 20,000,000)
Reason:
Seeking funding for expansion of the manufacturing unit, capacity and completion of the projects in ...
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Collateral Available: USD 0
Includes physical assets worth
USD
59 thousand
In talks with 2 Investors