India-based manufacturer of CNC machines, Robotic Automation is looking to sellout.
BUSINESS BRIEF
The company is a manufacturer of CNC machines, Robotic automation and of Unmanned smart factories, high precision small and large machined parts catering to various industries like Automotive, Aerospace, Hydraulics, Oil and gas etc. It has a large customer base in India and in 6 overseas countries.
Group Overview:
- It has been in Joint Venture Partnership since 2016 with ABC Pvt. Ltd.
- In this JV company, 51% stake is held by Company’s promoters and 49% by ABC Company.
- The company is engaged in the manufacturing of High-End CNC Sliding Head Swiss Automat Lathes up to 7 axes.
Product portfolio- division:
- Machinery Products -Turning centers division
- Machinery Multi tasking Products- Biglia division
- A Indo-Czech JV for CNC sliding head automats
- Robotics automation division
Manufacturing Infrastructure:
Capacity = 2880 Machine per Annum
Product Final Assembly = 6 Bays
Work Stations = 60 (@10 per bay)
Customers:
Total customer base is 1500+. Some of them are
- TATA
- Bharat Forge
- Universal Medicap limited
- Sona Pumps
- Moonlight and many more
Key Investment considerations:
- Deal is a 100% sell off in two phases : 74% Equity Sale right now and balance 26% at the end of 3 years minimum and 5 years maximum - but ready to sign MOU for this understanding right now.
- Seeking out both the Indian/Foreign market for potential investors.
- The company had invested for New Products Development and also for Expanded Capacity during 2017-19 just prior to Recession and Covid. Hence the losses are to be considered only as Capital Invested for Future Potential. This was a planned investment to increase the Domestic market share from 1.4% in 2017 to 7.2% over next 3 years in 2025 (to 14.4% at 6th year in 2028) post-new products development Cum expansion.
- Company was in NPA during the period between August 8, 2020 and September 29, 2021. It is now a standard account for past 15 months.
There are no NCLT cases, but there are vendors dues as listed in liabilities. - Marketing is through Dealers Network in 26 cities in India and through 2 Overseas Distributors in USA, 2 Collaborators in Europe, One Dealer in Singapore for markets in Far East Countries.
- Domestic Order book is INR 18 CR
Proposal
Industry
Industrial Manufacturing-Capital Goods
Sub Industry
Tools
Deal Size
INR 60 - 70 Cr
Motives For Sellout
Retirement plans
Management is open to continue with the business for handholding the new investor/buyers
Business Operation Information
Industry
Industrial Manufacturing-Capital Goods
Sub-Industry
Tools
Division
Division`s Buyers/Customers
Division`s Products/Services
Financial Information |
2020 (in Cr) | 2021 (in Cr) | 2022 (in Cr) | 2023 (in Cr) |
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Sales |
N.D | N.D | N.D | N.D |
EBITDA |
N.D | N.D | N.D | N.D |
PAT |
N.D | N.D | N.D | N.D |
TOTAL DEBT |
N.D | N.D | N.D | N.D |
Business Documents
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