8.6 acre of prime industrail land for sale
Kiran Overseas Exports Limited was incorporated as a public limited company onJ anuary 11, 1991, engaged in the manufacture and export of leather and leather products. The company was promoted in 1991 by Shri Om Prakash Barter, his two sons, Shri Ranjiv Batra and Sanjiv Batra and daughter in law, Smt. Kiran Batra.Its export peaked to Rs. 145 crore in the year 1996. However, due to the slump in the International market and collapse of erst while Russia, its order positions were chocked and banks did not support which triggered cash flow problems in the company. Since the company was in the extreme expansion mode during this period, it could not take the hit. Eventually the business came to a stand still
KOEL has its leather processing units at 19th Mile Stone,G.T. Karnal Road, and Vill. Rasoi, Distt. Sonepat, Haryana; with state of the art imported machinery having constructed area of about 1,96,000 sq. feet on approx 9 acres of land. The registered office of the company is located at 4 & 5, Arunachalam Lane, Raja Muthaiya Road, Periamet, Chennai - 600003.
The Company has an annual production capacity of 1,56,00,000 sq.ft. of finished leather, operating on a single shift (10 Hrs.) and 300 days of working. The production of leather is done with state of art machines imported from Germany,Italy,France and Switzerland.
Leather Industry occupies a place of prominence in the Indian economy in view of its massive potential for employment, growth and exports. There has been increasing emphasis on its planned development, aimed at optimum utilization of available raw materials for maximizing the returns, particularly from exports. The leather industry is spread in different segments, namely, tanning & finishing, footwear & footwear components, leather garments, leather goods including saddlery & harness, etc.
India has the highest livestock numbers in the world, providing a huge supply of raw materials – as skins and hides – to this industry. As converting leather into value-added products is a purely skill-based, labour-intensive process, the industry has the potential to play a big role in creating employment- and income-generating opportunities in the country. Currently, it employs about 2.5 million workforce and 30% of the workforce is women.
India is the world’s second largest manufacturer of leather garments and footwear and has remarkably maintained its performance consistently. During April-November of 2007-08, leather footwear exports grew by 18.72 per cent to US$ 696.10 million from US$ 586.32 million. During the same period, exports of footwear components increased by 29.10 per cent from US$ 142.54 million to US$ 184.01 million. India, China and Turkey are the major suppliers of leather garments for the German market, as they account for about 78% of the market share.
Total leather and leather good exports from India stood at US$ 1.42 billion during April-June 2017 as against $1.43 billion in the corresponding quarter of last year.
Industrial Land : Rect. & Killa Nos. 19/25, 20/21, 20/22, 27/1, 28/4/2, 28/5 and ½, 2/1, 2/2, 3, 1/1/2, 9/2/1, 10/1, 1/1/1 Industrial Land admeasuring 69 Kanals and 10 Marls ( 8.6875 Acres) situated at Rasoi Village, Tahsil & District Sonepat, Haryana.
Building: Admeasures 1,96,000 sq.ft. built up area
Plant & Machinery : Installed at above premise
Licensed Capacity (per annum)
Huge Land Parcel adjacent to NH1 having frontage of about 30 meters
The subject property is just opposite of TDI city which comprises of high rise tower, plotted developments, retail malls etc
Proposed Expressway, connecting Kundli to Palwal via Manesar and by-passing Gurgaon & Delhi, 1Km away from the subject property. Expected increase in demand for industrial properties once expressway is operational
Proposed Metro Rail line and NH 4 Lane nearing to the property
Rajiv Gandhi Education City at Rai, which is approx. 1.5 km from the subject property. Rajiv Gandhi Education City is spread across 5,000 acres of land being developed in 2 phases. Some of the major educational institutes located in the city are Ashoka University, Bharti Vidyapeeth, IIT Delhi, Sonipat Campus, National Law University, O.P. Jindal Global University etc
Development of Industrial park at Kundli by Haryana State Industrial & Infrastructure Development Corporation
Good potential for using for all types of commercial and residential activities subject to “Change of Land Use”
Map of mortgaged land
Arcil (Asset Reconstruction Company (India) Limited, is sponsored by Banks like State Bank of India, IDBI Bank, ICICI Bank and Punjab National Bank along with multiple Banks and FIs. Arcil has been established to acquire financial assets from banks and FIs with the objective of revival & restructuring focused management of assets and maximization of recovery. Arcil is registered with the Reserve Bank of India under Section 3 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act) as a Securitization Company and Reconstruction Company and is a financial institution within the meaning of section 2(h)(ia) of the Recovery of Debts due to Banks and Financial Institutions Act, 1993.
Asset Reconstruction Company (India) Ltd.
The Ruby, 10th Floor, 29 Senapati Bapat Marg Dadar (West),
Mumbai : 400028 Tel: +91 22 66581300/399
Meraj Sayed : 9820485425
This asset is under the possession of Arcil in terms of provisions of SARAFESI Act, 2002. The contents of this brochure are intended solely for general information purposes and should not be relied upon by any person as absolute.
FOR FURTHER DETAILS CONTACT :
Vinay Tibrewal : 8291843170