Pipes & Valves Company Seeking Loan in Savli, India

- Non-operational company for 4 months due to NPA issues.

- The contracts are in place with Tata Steel for supplying the products.

- The manufacturing capacity of the plant is 15,000 km yearly.

- The pipes manufactured are suitable for the canal, irrigation, and construction industries only. It is not suitable for the oil and gas industry.

- The estimated lifespan of the pipes is 25 years, and we offer a 5-year warranty.

- Pipes are compliant with ISO industry standards and certifications.

- Lead time for fulfilling orders on average is 3 months.

- Still paying the employees (considered as paid leave). They will re-join as soon as the operations resume.

- Good business opportunity in the future as KSA needs to open the same manufacturing unit as a subsidiary of the parent company.

- The client's business is located in Savli, Gujarat but we are advisors based out of Dubai.

- Right now, the company is under NPA due to the wrong decision of entering into turnkey projects. All the receivables from the govt sector are stuck and the client filed a case against them.

Company into manufacturing fiber-reinforced pipes with various diameters.

Land of 100,000 sqft, machinery, molds, cars, and office infrastructure.

Own property and manufacturing plant on a 100,000 sqft area. It is located in an industrial area.

- Total INR 118Cr liabilities (INR 28Cr to the bank, INR 40Cr to private creditors, INR 40Cr to suppliers and INR 10Cr to miscellaneous).

- 2 shareholders within the family with 1% and 99% shareholding.