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Listing ID: 13179
Total Viewed: 2473
Last Refreshed: 19/09/2018

Precision Machining Shop For Takeover (Oil & Gas Industry)

Bukit Batok

Asking Price : SGD500K - 1M

Revenue: Not Disclosed

Cash Flow: Not Disclosed

Payable: Not Disclosed

Established: 1990

Gross Profit: Not Disclosed

Inventory: Not Disclosed

Receivable: Not Disclosed

Owner Role: Full Time

Net Profit: Not Disclosed

Liability: Not Disclosed

FFE: Not Disclosed

Staff: 19

* Revenue, Gross Profit, Net Profit, Cash Flow are based on Annual average

Reason To Sell
Director retiring from business, may consider joint venture
Business Description

Founded in 1990.

Evolving from electrical & maintenance works to precision tooling & metal stamping and finally set foot on precision machining (Since 1999). Exposure to semi-conductor, precision tooling, computer equipment, automotive, military components, aerospace and oil and gas sectors have made us versatile to achieve every customer expectations.


Under oil & gas industry, we have built our reputation to provide quality products to our customers and we are formally known as their approved machining vendor. They are Weir Oil & gas (fka Aker Solution Surface / KOP surface), Dril-quip Asia Pacific and recently under TechnipFMC. 


On 23 Feb 2016, we are certified under API Q1. And on December 2017, we are re-certified under ISO 9001:2015 standard.




Business Operations
Staff:
4 Local, 15 Foreigners
Property Information
Premise Status:
Rent
Premise Size:
10000sqft
Rental Fee:
SGD15,679
Premises Detai:
3 leased HDB units
Relocatable:
Yes, it can relocate to other place
Other Information
Facilities:
3 units of 3 axis vertical CNC milling, 2 units of 5 axis vertical milling, 1 unit of 4-axis horizontal milling, 9 CNC lathe, 3 surface grinding machine, 1 conventional milling and 2 lathe.
Competition:
We experienced lots of competition during the boom days as most of the competitors have exit this industry or diverse to other industry. We expect we have an advantage when the oil market start to pickup.
Expansion Potential:
Currently due to the downturn of oil & gas industry since early 2015. The worst downturn has passed and we foresee upwards trend will be returning by end of 2018. And it may reach back or surpass same capacity and volume of orders which we experienced when oil reach $100.

All the information in this listing has been provided by the business seller or representative. Our platfrom is not responsible for the accuracy of the information.

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