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Annual turnover

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  • Mandate: 34916
  • Added: 21 Sep 2021
  • AFS
  • 683

A Specialized Plastic Injection Molding business

Gauteng, Other
683
Mandate 34916
Added 21 Sep 2021
R 11,000,000* ZAR
Stock: R 700,000
Assets: R 8,119,948
R 156,514 ZAR
Johan Mouton
Aldes Focus
Gauteng, Pretoria East
Gauteng, Pretoria East
Summary

This this Plastic Injection molding business specialize in the design and manufacturing of components used in South Africa's extensive mining-, construction-, agriculture-, and retail industries.

A Specialized Plastic Injection Molding business
SELLING PRICE AFS
R 11,000,000* ZAR
Stock: R700,000
Assets: R8,119,948
R 156,514 ZAR
Summary

This this Plastic Injection molding business specialize in the design and manufacturing of components used in South Africa's extensive mining-, construction-, agriculture-, and retail industries.

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Fully describe the business's activities?
Started as an engineering company specializing in tool and die-making for the plastics industry. Specializing in the design and manufacturing of components used in South Africa's extensive mining-, construction-, agriculture-, and retail industries. This factory is ISO9001 compliant and as an Award winning supplier to AEL Mining services, we are subject to annual audits by the mining house to verify that our quality standards are being maintained and improved year on year. Our vision is to design and manufacture parts in accordance with the international standards that allow South African companies, their customers, to compete in the global market based not only on price but on quality. a Proudly South African company that strives to create and provide value for both our customers and suppliers. They aim to create a work environment that makes them prosperous and competitive to ensure that their team can perform at the high levels needed to be global competitors. Product Range manufactured are in Mining,Farming,packaging,plastic connection ranges, insect traps and Spigot designs. They use there own and clients moulds in there injecting proseses.

How long has the business been established?
This company was established in 1973

How long has the owner had the business?
The owner has the business for 48 years

How does the business operate on a daily basis?
The owner and his manager Daily production manage by the owner and floor manager Sale and other admin functions mange by office manager

How are the clients attracted to the business?
Web site word of mouth. A long term established client base ,including industries like mining, farming uses their service and products

What Advertising/Marketing is carried out?
Mostly word of mouth and a website

Does the business have any contract work?
No,but a large established client base , Build up from 1973 supports them very well

What competition exists?
None in the area they trade in.

What are the seasonal trends?
During the summer months the doing well

How did the Covid-19 pandemic impact the business turnover / daily operations?
During Covid they had an impact ,but the industries is slowly growing to normal levels.

Is the business VAT Registered?
Yes

What VAT documentation is on file?
Would be available for approved buyers

Are there up-to-date Management Accounts available?
On file we have Financial statements from 2018 to 2020.

What Balance Sheet and Income Statements are available?
We have on file from 2018 to 2020

What percentage of the business is cash/credit?
EFT only

What is the age analysis of the debtors book?
90% on 30 days

What is the total staff complement?
Staff complement currently is 10

Give a breakdown of staff/ functions/ length of service?
This 10 staff members are Floor managers,Machine sitters and tool setters.

Are they on contract?
They are all contracted

Do any have management potential?
Current management team

How involved is the Owner in running the business?
Daily

When does the current lease end?
Building is owned and up for sale. A lease is available for buyer who dont want to buy now.

What are the trading hours?
Normal Business hours.

Do you require a licence?
None

What are the main assets of the business?
A asset list is om file and could be available for a serious buyer. The molding machines are all low power users,German made . Age are from 1 Year to 15 Years. Most are not more than 3 years and very well maintained Part are available Moldings,some is owned by the seller,other are client based molds.

What is their overall condition?
Very well maintained

Do any require repairing?
None

How have they been valued ?
Owners value

Which assets are on lease/HP and with whom?
some but will be settled before take over.

Are they presently insured?
Yes

Strengths?
a plastic molding business that is well established from 1973,with a vert good client base build up over years. This Molding business has a very good name in the market.,for their high quality work and service. Molding machines are well maintained ,and German made,use less power They have a mix of owner molds and client own molds

Weaknesses?
Only COvid and mostly economical

Opportunities?
A good marketing plan needs to be drawn up and activated

Threats?
Nome we perceive

What is the reason for the sale?
Immigrating to Austria

Why is this a good business?
Up graded machinery Established client base

What is the price plus stock and the profit?
Price including stock R11 000 000.00 Profit R1 781 963.00 pj Asset R8 1000 000

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AGENCY DETAILS

Aldes Focus

6 members
59 mandates
Gauteng , Pretoria East
Menlyn Corporate Park - 4th Floor, Suite H2 175 Corobay Avenue Waterkloof Glen Pretoria , Pretoria East , Gauteng
Pretoria East
0081

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