Deal Description

We are 44 year Young organisation looking for Debt based Financing worth 1.5Crores. I, Parth Vinod Thakkar, am the third generation managing our family managed business. We have worked extensively in the field of HVAC&R over the last 44 years. Working in the same field but having changed our product lines over the years, we have gained massive expertise across the domain. We have moved to manufacturing sophisticated products such as Blast Freezers & -86Freezers now. We have now figured out that our expertise over the years can make us market leaders for both above products when we develop indigenous parts for them which the European counterparts are currently offering. My educational background is MSc Building Services Engineering with Sustainable Energy from Brunel University London, post doing my B.E. Mechanical from Mumbai University. Post the lockdown, we have started offering services for Energy Efficiency where the solutions offered are Energy Conservation Measures (ECMs) for buildings undergoing Retrofitting & for New Buildings as well. These ECMs are generated from softwares such as IES. We have partnered with a company called Qi Square from Singapore as well for the same mission of being on the path of energy efficiency. To make the best use of our space in the factory post the lockdown, to go as lean as possible: 1. We gave up our Bhiwandi godown & integrated all the material from there into our factory at Wada, saving the rent spent on the godown. We made available a space of 20mt x 10mt x 5mt Height which is equivalent to 33,000cu.ft. of total space 2. In the process of giving up the godown, we restructured our machine locations at the factory, saving more on the labour requirements as well 3. Since the material moved from the godown to the factory consists of long standing non moving stock, We are now thinking of doing a one time offer on the material moved from the godown and freeing up that space too 4. Once we free up the space mentioned above, we are now speaking to icecream manufacturers for setting up C&F Coldstorage space for them & speaking to farmers for setting up Coldstorage space integrated with packhouse facilities for them 5. The coldstorage space created will have multiple impacts on the company & the industry. 5.1. Firstly it'll be a source of passive income for the company 5.2. It will be a model coldroom to show to the industry as the epitome of how an Energy Efficient Coldroom can operate 5.3. Cooling As A Service model is to be started keeping this facility in mind We wish to raise finance for progressing the above verticals and keeping the current business also on track. According to RBI regulations we are not eligible for bank finance, as the years 2017-18 & 2018-19 were negative on the P&L sheet. Hope to hear from you positively. Thanks & regards, Parth Vinod Thakkar Director Polfrost Aircon Pvt Ltd

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