Mining Machinery Business for Sale in Vasanthanarasapura, India
For Sale: Established mining machinery manufacturer with 38 years of experience in India, 20-25 clients.
| Established | 30-40 year(s) |
| Employees | 10 - 50 |
| Legal Entity | Sole Proprietorship/Sole Trader |
| Reported Sales | USD 57 thousand |
| Run Rate Sales | USD 62 thousand |
| EBITDA Margin | 20 % |
| Industries | Mining Machinery |
| Locations | Vasanthanarasapura |
| Local Time | 7:40 PM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Active |
Full Sale
Asking Price:
USD
370 thousand
(Native Currency: INR 32,500,000)
Reason: The promoter is retiring from the business.
Includes physical assets worth
USD
370 thousand
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Business Name
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Documents
Possession Certificate
(10.5 MB)
GST Registration Certificate
(111.5 KB)
Business Overview
- The company is a manufacturer of mining equipment and drills based out of Vasanthanarasapura, Tumkur, Karnataka.
- With a current workforce of 10 employees, the company has a solid client base of 20-25 clients, including multinational companies, and possesses over 38 years of experience as a supplier to MNCs.
The company has extensive knowledge in developing new parts and hydraulic cylinders.
- The business had previously exported its products to the US and Canada, indicating a potential for international market expansion in the future.
- Before the onset of the Covid-19 pandemic, the company's annual sales exceeded INR 1 crore. However, due to the pandemic and the promoter's health issues, the business experienced a decline in sales.
- The company holds important registrations, including GST and KSPCB environmental licenses.
- With a current workforce of 10 employees, the company has a solid client base of 20-25 clients, including multinational companies, and possesses over 38 years of experience as a supplier to MNCs.
The company has extensive knowledge in developing new parts and hydraulic cylinders.
- The business had previously exported its products to the US and Canada, indicating a potential for international market expansion in the future.
- Before the onset of the Covid-19 pandemic, the company's annual sales exceeded INR 1 crore. However, due to the pandemic and the promoter's health issues, the business experienced a decline in sales.
- The company holds important registrations, including GST and KSPCB environmental licenses.
Products & Services Overview
The business's top-selling products:- Pneumatic valves, track chains, crawler drills for mining, fabrication heat treatment with induction hardening, and hydraulic cylinders.
We sell our products to MNCs in the mining and construction industry.
Assets Overview
Tangible asset:- Land, building, power, water supply all round compound wall worth INR 2.6 crore.
- Machinery worth INR 75 lakh.
The above assets are worth INR 3.35 crore but the owner is selling it at a discounted price of INR 3.25 crore.
Facilities Overview
We operate from an owned manufacturing facility in Vasanthanarasapura, near the Mumbai-Bangalore highway.- Land 4000 sq meters with 5000 sq ft built-up area.
- Power available: 40 HP.
- Provision for 140 KVA available.
The GST certificate was registered in Bangalore but our principal place of operation is in Vasanthanarasapura and we have no operations in Bangalore.
Capitalization Overview
Working capital loan of INR 25 lakh from Bank of Baroda, for which the buyer will not be liable.The business is a sole proprietorship.
Recent Activity
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Earlier than 15 daysDirector, Metal Manufacturer, Pune, Individual Investor / Buyer connected with the Business
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