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 Kochi

Offshore & Onshore rig inspection, refurbishment & maintenance including Engineering and manufacturing company seeks investment.

Key Business Facts
Yearly Sales USD 600 thousand
EBIDTA Margin 20 - 30 %
Industries Oil Services
Locations  Kochi
Business Overview
- Rig inspection, maintenance, servicing, and rig equipment manufacturing company.
- We have 30 clients who cater our services to.
- Have both MNC and PSU in India and abroad.
- Currently doing business with international drilling contractors.
- Also manufacture rig equipment which is made to order.
- Our sales have increased due to an increase in clientele.
- The promoter has 24 years of experience in this industry with experience doing business in India, Middle East and North America.
Products & Services Overview
We provide engineering, project management, and equipment & structural manufacturing, IRM services, to industrial, marine, offshore & onshore rig segments.
We also design, manufacture & supply pipe-handling catwalk machines, HPU, structural equipment, custom-engineered moving and handling equipment, rig leg bracing & refurbishment including other crane products for the marine industry.
Capitalization Overview
- The company has two directors with 50% shares each. - Company overdraft facility is utilized as required. - The company is funded by directors. - No bank term loan.
Assets Overview
Tangible assets include equipment, tools, and 1 car. Intangible assets include equipment design, goodwill, and brand value.
Partial Stake Sale
USD 180 thousand for 30.0% stake (Native Currency: INR 15,000,000)
Reason: Need funds for business expansion and to take API certification and cash flow for upcoming confirmed... View More
Includes physical assets worth USD 30 thousand
Interested to connect with advisors
In talks with 3 Investors
Contact Business