Shell Company for Sale in Karimnagar, India
Shell company that planned to undertake commercial greenhouse and livestock (manufacturing) activities using Geothermal technology.
This transaction has concluded.
| Established | 1-5 year(s) |
| Employees | 2 - 5 |
| Legal Entity | Private Limited Company |
| Reported Sales | Nil |
| Run Rate Sales | Nil |
| EBITDA Margin | Nil |
| Industries | Agriculture Wholesale + 1 more |
| Locations | Karimnagar |
| Local Time | 5:01 PM Australia / Darwin |
| Listed By | Business Owner / Director |
| Status | Active |
Full Sale
Asking Price:
USD
230 thousand
(Native Currency: INR 20,000,000)
Reason: Promoter is unable to progress the project as intended.
Being a foreign citizenship holder, is cons...
View More
Includes physical assets worth
USD
17 thousand
Interested to connect with advisors
Documents
ROC
(523.7 KB)
GST
(92.7 KB)
Udyam
(294.5 KB)
StartUP India
(1020.0 KB)
ROC-Verification.pdf
(73.8 KB)
Business Overview
A StartUP India recognized shell company - pursued the project but did not quite get there due to lack of enough support in skills and labor issues.
Initially planned to establish geothermal cooling systems supported greenhouse and also envisioned to expand the business into livestock, animal feed.
Initially planned to establish geothermal cooling systems supported greenhouse and also envisioned to expand the business into livestock, animal feed.
Products & Services Overview
No products or sales yet, as the company did not realize the project it intended.
Assets Overview
- Company - authorized/subscribed INR 1 cr.- INR 25 lakhs fund-shares in listed companies (as of now). Quoted prices on NSE reflect INR 25.5L.
- INR 35 Lakhs in cash or fixed deposit.
- Two bank accounts with HDFC Bank - current and active.
- A subsidiary company (Mahaan cotton mills pvt ltd) has INR.
20 lakhs invested with 99.99% stake.
- Subsidiary company has two bank accounts with HDFC.
- Includes INR 5L bank guarantee with Underlying equivalent cash FD.
- Startup India recognition - DPIIT certificate issued recently.
- Trademark - company logo (registered).
- Trademark - brand name under class 31.
- Parent company website.
- Website portal.
- MSME Udyam certificate.
- GST registered and compliance with SHPL.
- GST registered and compliance for MCM.
- Motorcycle - TVS Radeon.
- Vehicle - ISUZU D-MAX S-CAB.
Facilities Overview
Registered office is located on leased premises (rent free) on land owned by the promoter/director.Company capitalized the leasehold improvements for its office construction.
The interested buyer can rent out the existing premises or shift to a new location at their convenience.
Capitalization Overview
- Company has an authorized and fully subscribed share capital of INR 1 crore.- Company operated to date with these funds and no liabilities exist or have never been taken out for that matter. On a side note, the company still has 60L in the form of shares in listed companies and cash deposits.
- The company has two directors but the majority of the shareholding is with self with 99.9% ownership.
Recent Activity
-
Earlier than 15 daysOwner, Animal Husbandry, Raipur, Individual Investor / Buyer connected with the Business
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