Plastics Company for Sale in Bangalore, India

- Contract manufacturer of plastic injection molded products.

- Company has around 8 active clients who are mostly OEMs and Tier 1 clients.

- Orders are received from clients on a recurring basis based on their requirements.

- We have orders on hand that are worth INR 24 crore on an annual basis.

- Key highlights:

• Average DSO (Days Sales Outstanding) is 20 days.

• Average DPO (Days Payable Outstanding) is 45 days.

• Average ITR (Inventory Turnover Ratio) is 15 days.

- The company has the capacity to manufacture INR 35 crore worth of products in a year.

- We have gone through the entire qualification process and have become registered vendors for these firms.

- The company is also ISO 9001-2015 and BIS (toys) certified and maintains strict production quality standards.

- The company was a loss-making company when acquired. We have now turned it around and brought it to profit.

- The turnover for this year is more than last year because we have received higher order volume from our existing clients as well as we have been getting export orders from International - European clients.

- Promoters are entrepreneurs with over 30 years of experience in technology, marketing, and finance.

- Both promoters specialize in contract manufacturing businesses and their model is to buy stressed companies and turn them around for partial/full exit.

Contract manufacture of plastic injection molded parts and assemblies.

1) Battery containers, lids, handles, vents, and accessories for battery manufacturers.

2) Toys manufacturing.

3) Water purifiers.

4) Auto components.

5) Mold trials for texturing and parts.

6) FMCG parts such as bottle caps, bins, and crates.

7) Plastic extruded products.

Tangible assets:

- 13 plastic injection molding machines.

- One extrusion machine line.

- US welding machine.

- HTL machine.

- Handling equipment.

- All other secondary equipment viz. cooling towers, DG sets.

- Fixed assets of INR 4 crore and current assets of 2.62 crore.

- Orders on hand worth INR 20 crore per annum, vendor qualification in OEM companies worth INR 40 crore.

10,000 sq. ft. leased facility in Bangalore.

- The business has 3 partners in a 73.4:26:0.6 shareholding split.

- Funded by promoters, banks, and equipment financing companies. Total debt stands at INR 7.41 crore.