Textile Manufacture Raising Funds In Mumbai
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Product / Service
They are in the weaving business and operate within the textile market. They primarily engage in job work using their own machines, which minimizes the risk of bad debt.
Clientele type
They serve the local markets as well as some of their clients, and they export fabric. During the peak season, they also work with brands like Siyaram and Raymond on an outsourced basis.
Premises
LEASED
Lease per month (in INR): 75.00 K
Security Deposit (in INR): 5.00 L
Carpet Area: 5,000 sq ft
The factory is located in the prime location.
Asking Price Includes
They want to raise the funds on equity.
Asking Price
INR 75.00 L
Minimum ticket size
INR 50.00 L
Reason
They are seeking funds to increase the capacity of the unit by adding additional machinery. This expansion aims to grow their profits and enhance operational capabilities.
Other Details
They started this textile business in 1988. The strength of the business lies in its continuous operation, running 24/7, 365 days a year.
There is no lack of work or competition in the industry. However, the negative aspect is that job rates fluctuate over time.
The unit has a capacity of around 34 looms with warping on the 1st floor. Currently, they have 23 looms operational and are seeking an investor to complete the unit with the remaining 11 looms.
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