Apparel and Accessories Company for Sale in Chennai, India
Established | 20-30 year(s) |
Employees | 1000 - 5000 |
Legal Entity | Private Limited Company |
Reported Sales | USD 13 million |
Run Rate Sales | USD 11 million |
EBITDA Margin | 12 % |
Industries | Apparel and Accessories |
Locations | Chennai |
Local Time | 7:26 PM Asia / Kolkata |
Listed By | Management Member |
Status | Active |
- Manufacture woven garments for men, women, and children.
- Primarily export to Europe (32%), US (32%), Japan (20%) and Australia (15%)
- We also export a very negligible volume (~1%) to other countries including Indonesia and do not have any domestic sales.
- Manufacture around 100,000 pieces of clothing each month and several well known brands buy our products.
- Source around 85% of our raw material from China.
- Business has been awarded the best exporter award for 3 consecutive years by the Goverment of India.
- As of recent, our sales has dropped due to uncertainty over Brexit and a general economic slowdown.
- The business has around INR 80 cr. of debt and the sale price is for only the equity of the firm.
- Some of the non-core assets will also sold to repay some portion of the debt.
- Physical assets owned by the business include inventory and manufacturing equipment.
Ready made woven garments for men, women & kids.
3 production facilities of 12,000 sq. ft. each and 1 production facility of 2 acres (87,120 sq. ft. ). All 4 facilities are owned personally by the promoters.
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Earlier than 15 daysDirector - HR, Machinery, Chennai, Individual Investor / Buyer connected with the Business
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Earlier than 15 daysPartner, Investment, Mumbai, Corporate Investor / Buyer connected with the Business
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Earlier than 15 daysInvestor, Investment, Miami, Individual Investor / Buyer connected with the Business