Overview

A Jammu & Kashmir-based Chemical manufacturing company available for sale. It was incorporated in 2009 on a land area of 2529.29 sq. mt and a build-up area of 14000 sq. ft on a lease period of 99 years Rs 25,000 annually in which 85 years are left. We manufacture and supply White Seal Zinc Oxide, which is used in the Glass, Paint, Rubber, Pharma, and Make-up industries. We have clients in all of PAN India recently we had 15 clients. The production capacity of our unit is 3600 metric tonnes per annum. Currently, the unit is producing 600 -1000 metric tonnes per annum. It is closed in April 2022. The turnover for 2020-2021 is Rs.10 Cr and for 2021-2022 is Rs.6 Cr. This business also has Tax benefits: 5% interest subsidy on working capital, 6% interest subsidy on term loan, 30% subsidy on P&M, 100% GST subsidy, all as per the new industrial policy by the Government of India.

Year of Establishment

2009

No. of Employees

N.A

Current Status of Business

Closed

Business Relocatable

No

Property Type

Owned

Property Value

25 Thousand

Property Classification

N.A

Describe Property

on a land area of 2529.29 sq. mt and a build-up area of 14000 sq. ft on a lease time period of 99 years Rs 25,000 anually in which 85 years are left.

Competition / Market

Yes it has competitors

Products & Services

We manufacture and supply zinc oxide, which is used in the Glass, Paint, Rubber, Pharma, and Make-up industries.

Growth Potential

It has a high growth potential

Reason For Sale

Moving to another country.

Financial Details

Contact Business