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Running Service Sector Engineering Company In Kolkata For Sale

Kolkata, West Bengal, India
Asking Price:
$55,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
Under $100K (USD)
Cash Flow:
Available on request

- Kolkata based 40 years old well established Pvt. Ltd., MSME Registered Company, having strong credentials all over India and abroad . The company is engaged in providing services to PSU's, MNC's, large Pvt. sector, National & International universities is available for full takeover as ongoing unit including All Assets ( Plant & Machinery's ,Free-hold office properties fitted with all updated office equipment,LAN connection,Cubicles etc.) alternatively the interested buyer may opt. for buying exclusive goodwill ,Plant-Machinery ,Instruments etc but excluding Immovable Assets like freehold office premises if the incumbent intend to relocate the company in other part of the country

- The ambit operation of the Company is entire gamut of DPR Level investigation /services mainly for multi billion Dollars projects e.g Geological, Geo-technical, Hydro-geological, Geo-physical investigations, Exploration of Mine & Estimation of reserves of Mineral resources,Mine Geo-Technical Study, Core & Non Core Drilling, all kinds of topographic & contour survey including DGPS survey for satellite imagery, Geo-Physical studies ,Hydro logical studies etc. The company is also empaneled with a host of PSU’s and other listed company's in India for providing services falling within the company's domain of operation.
- It is a debt free company with no Bank /FI's liabilities and external creditors, all taxes / statutory dues are up to date.
- Since last 4-year's operation the company has pruned down the nos. of Regular employees & retained only the employees a bare minimum level. On a need based basis part of ongoing assignments are outsourced and on a need based basis the job specific specialist consultants services are retained on a job contract basis.
- latest Audited Balance sheet has been made clean and free from any external liabilities but only with movable & non-movable assets . As on a cut off date while induction of a new incumbent , depending on type of deal ,the Balance sheet shall be restructured depending on mode of sale agreed upon The restructuring of Balance sheet of the company as a cut of date shall be framed by qualified CA/CS after keeping in mind the provisions of Company's Act.2013.
- The interested incumbent at his discretion may retain a couple of existing staff or else the current CEO / Promoter may consider to take responsibilities to make the company free from existing employees ,depending on outcome of discussion and/or agreement with the parties interested to buy/takeover.as ongoing concern...
- Growth rate can be increased to manifold depending on Technical expertise (in house or hiring of outside experts on retainer-ship basis ) & Financial resources of the incumbent as in recent past years company has undertaken large nos. high-tech services successfully with good reputation in and around the country .
- All the large private sectors & PSU's of the country are very much aware about the company's credentials and its good will.
_ Being a MSME Registered Service sector Industries the company is exempted from EMD & Tender paper cost of all the Tender from Govt. Dept's & PSU's with 15% Price preference as per Govt. of India notifications as per MSMED Act 2006.
- Suggestions,Advise from the current long experienced and Highly qualified Engineer who is happened to be CEO & Mentor of the company may be made available for a reasonable period to the incumbent ,if felt be necessary at a mutually agreed terms of references.
- During the current Financial year to be ended on 31.03.2020 ,the company has live order bookings worth Rs.6.1 Million and many more are in pipelines. .

Products & Services Overview :
Topographic & contour Survey Geo technical Investigation, Subsurface investigation, Mineral Exploration including Reserve estimation, Geo-Physical Investigation, DGPS Survey, core & Non core drilling, ERT & other hydro geological survey etc.
Opportunity for Forward integration :
Preparation of DEPR / DPR , Basic & Hydraulic Design of ROB ,Design of drainage system ,GPR & LIDAR Survey ,GIS ,Piling followed by undertaking the Project proponent /structure on a turnkey basis both in India & at abroad etc.


More information available upon specific request from a interested buyer having acumen to run the company as an on going concern.Sale of Assets & Good will may also be considered if any incumbent is interested to relocate in other parts of country /Globe in such event the various provisions of ROC Act 2013 & subsequent amendments are essentially to be complied with.
The company has vald Export-Import License

Property Information

Real Estate:

Real Property Included

Living Accommodation:

One of the present Director has well furnished transit house cum back up office in posh area of south kolkata and is being used by the company virtually free of charges/cost . The said Back up office cum transit house can be provided to the incumbent at separately negotiated rent..

Location:

All the offices including Registered office (freehold), guest house and Back up office, warehouse are located in prime commercial hub in South Kolkata ,India

Premises Details:

The cost of freehold premise and office equipment including furnishings not included in the asking price.In case the buyer is interested to continue the present office premises and infrastructure facilities he may also opt. for the same by out right purchase or on a monthly rental to be negotiated separately.

Size in square feet:
Free Hold Regd. & Main office of 300sq.ft
Planning Consent:

The present Memorandum and Article of Association as Registered with Ministry of Company Affair's (ROC),Govt. of India are very wide & versatile and need not to be amended further ,unless there is any additional major expansion towards manufacturing other than Fabrication & erection of Plant and Machinery's ,which has already been covered in the existing Memorandum & Articles of Association.

Business Operation

Expansion Potential:

At present the company is engaged for services mainly to Green field and Brown field Projects and by virtue of the current type of engagement gets exposures with wide ranges large numbers of prospective investors of wide variety of industries both in core & non core sector including real estate .Therefore,it has huge potential for forward integration namely ,Preparation of DEPR / DPR , Basic & Hydraulic Design of ROB ,Design of drainage system ,GPR & LIDAR Survey ,GIS ,Piling followed by undertaking the Project proponent /structure on a turnkey basis both in India & at abroad etc and many more that can be found out by buyer himself depending on his Techno - commercial acumen or once he himself get associated with the assignment for a couple of years.Besides ,there are innumerable Avenue for Expansion & Diversification based on proper utilization of benefits derived out of successful implementation of service contract falling within current ambit of operation with gradual shift to value added high tech services.

Competition / Market:

During the existence of last 40 years the company has earned strong reputation & credentials in the country . Majority of clients are core sector industries & the present company being a MSME registered , it always has edge over (Because of 15% price preference ) than other medium ,large & non registered MSME unit . It is also worthwhile to mention that the present company is registered with all the statutory bodies namely PF ,ESI ,GST ,Professional Tax etc. which hardly any SSI /MSME ,Service sector industries complies with ,thus the company can compete with all Sectors of industries irrespective of its Sizes e.g Big Houses ,Listings ,Govt. Holdings whose overhead and mark up are much higher than the present company .Therefore the possibilities to grab orders through public /Limited Tender participation are higher and can bid for a competitive price with a reasonable mark up. The market sector of our type of service sector Industries are very vast as for any type greenfield & Brownfield projects calls for necessity of services falling within the present company's ambit of operation.

Reasons for selling:

The current CEO Cum Director is the Chief Mentor of the company is a 48 years experienced engineer. Only because of his old age (73Y) related ailment and his next successors did not have much acumen to be a Entrepreneur ,it was decided to look out for Change Management by way of Transfer of Shares ( e.g Transfer of 100% stake or Part thereof or in any other form or manner as described hereinbefore).

Trading hours:

48 hrs. per week ,from Monday to Saturday .

Employees:
6
Years established:
1978

Other Information

Support & training:

The present CEO/main Promoter is highly qualified Engineer & by virtue of his 45 long years of exposures in execution of multi billion Dollars Projects on a turnkey contract basis both in India & abroad and is involved in the present company right from its grass root level may be made available for all type of Support & advisory services at an easy and affordable separate terms/periods for a period till the incumbent or his nominated Engineer/Chartered professional are sufficiently trained to run the company under the new Management as its CEO.

Financing available:

If the incumbent desire to avail of Unsecured/Secured loan as an working fund , the same can be very easily be made available from Bank & private sources .It is worthwhile to mention MSME sector enterprises are falling in priority sector to all the schedule Banks in the country ,currently all the capital Assets of the company are free from encumbrances ,the present company did never defaulted in any loan .Besides ,all the PSU, Banks in India as per Govt./RBI guidelines provides a loan to MSME units at a very soft terms and in very rare cases they ask for co-lateral security as this is against RBI/Gvt. of India guidlines.

Website:
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Related Documents:
Home based:
This business can be run from home.
Relocatable:
This business can be relocated.

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