Business Overview
- The company started 2 years ago and has developed a gearbox for USA electric vehicle company.
- Business could not take off because of a lack of working capital.
- Manufacturing capacity is 3 tonnes per day but currently utilizing 40% of the capacity.
- Currently catering to 1 client from the automobile industry.
- As production started last year, we did not have any clients. Our sales has increased as we are supplying our products to 1 client.
- As India is on a new path of growth, we see huge opportunities in this industry.
Products & Services Overview
Manufacturer of diecasting products for automobile, defense, and aerospace industries.
Capitalization Overview
- We are two partners with 51% and 49% shareholding respectively.
- Do not have any bank loan.
- Payable is INR 60 lacs. We have some loans from relatives which will be cleared at the time of the transaction.
Assets Overview
Tangible- The buyer would get ready set up for gravity diecast with a company having existence of 3 years. Machinery worth INR 3 crores, office setup, and power of 200 kva.
Intangible- experienced manpower and technical head.
Full Sale
Asking Price:
USD
1.2 million
(Native Currency: INR 100,000,000)
Reason:
Two partners who were technical did not have additional capital to invest. Hence they had to quit. N...
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Includes physical assets worth
USD
360 thousand
In talks with 3 Investors