Knitwear Company Investment Opportunity in Dhaka, Bangladesh
Non-operational knitwear production company with 120,000 sq ft factory and jacquard machines seeks investment for revival.
| Established | 20-30 year(s) |
| Employees | 1000 - 5000 |
| Legal Entity | Private Limited Company |
| Reported Sales | USD 12 million |
| Run Rate Sales | Nil |
| EBITDA Margin | Nil |
| Industries | Knitwear |
| Locations | Dhaka |
| Local Time | 2:05 PM Asia / Kolkata |
| Listed By | Advisor / Business Broker |
| Status | Active |
Partial Stake Sale
USD
10 million
for
49.0%
stake
(Native Currency: USD 10,000,000)
Reason: Due to outstanding loans, new stakeholders are required for the revival of the company to pay the ha...
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Includes physical assets worth
USD
18 million
Interested to connect with advisors
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Business Name
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Documents
Teaser Document
(3.7 MB)
Business Overview
- Company is an export-oriented sweater manufacturing business in Bangladesh.
- Due to a working capital crunch the company had to stop operations in 2016 and became an NPA due to outstanding bank loans of up to USD 10 million.
- Company generated an annual turnover of USD 12 million during 2015-16.
- Firm has its own knitwear production unit of 120,000 sq ft at Gazipur.
- Received award for best exporter from the prime minister of Bangladesh.
- Specializes in machine washable lambswool sweater.
- Has a profile of international buyers such as Inditex, Damart, Kitaro, and Lord & Taylor.
- Contact person is an individual advisor for the firm and is based in India. Business and its operations are based in Dhaka, Bangladesh.
- Due to a working capital crunch the company had to stop operations in 2016 and became an NPA due to outstanding bank loans of up to USD 10 million.
- Company generated an annual turnover of USD 12 million during 2015-16.
- Firm has its own knitwear production unit of 120,000 sq ft at Gazipur.
- Received award for best exporter from the prime minister of Bangladesh.
- Specializes in machine washable lambswool sweater.
- Has a profile of international buyers such as Inditex, Damart, Kitaro, and Lord & Taylor.
- Contact person is an individual advisor for the firm and is based in India. Business and its operations are based in Dhaka, Bangladesh.
Products & Services Overview
Knitwear production.
Assets Overview
- Land and building, the entire range of machinery, knit to finish, all utilities, generator, and boiler.- Complete list of assets and machinery is provided in the attached teaser document.
Facilities Overview
Own 6 floors, 1,20,000 sq ft production unit with all services including gas connection and utilities.
Capitalization Overview
Not Disclosed
Recent Activity
-
Earlier than 15 daysIndependent Advisor, Kuala Lumpur, Business Broker connected with the Business
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