Coating Company Equity Stake For Sale in Vadodara, India

Micron-sized kaolin coating which has applications in the paper, paint and other niche industries. Assets include:
Land of 2,40,000 sq ft, plant and machinery. The property spans an area of 2,40,000 square feet, with an initial built-up area of 1,20,000 square feet allocated for phase one. This space will accommodate banks of centrifuges, filter presses, settling tanks, a spray drier plant, storage silos, size separation and pulverizing equipment, and a packing and dispatch facility. The facility operates on LNG as its primary energy source, with a current storage capacity of 50 tons and plans in place to double this capacity as required. A long-term agreement has been secured for the supply of LNG directly to the site. Situated approximately 45 kilometers from Vadodara, the location offers convenient access to major transportation routes. Funding for the project comprises promoter funds and a bank loan, with the loan already sanctioned and awaiting disbursement. The promoter holds a 76% stake in the venture, while the remaining ownership is distributed among family and friends. A total of INR 10.6 crores has been contributed by the promoters, supplemented by a term loan of INR 15 crores sanctioned by the bank. The ownership structure consists of two shareholders, with a split of 90% (76% held by the promoter with the rest held by the family) held by one shareholder and 10% by the other.