Presstonic Engineering has a track record of over 27 years.
The manufacturing facility, strategically located in North Bangalore, is equipped to produce a diverse range of products for various industries, including railways, automobiles, engineering, and infrastructure. The facility spans approximately 28,317.50 sq. ft.
The company has certifications from local and international accreditation agencies, including ISO 9001:2015. Products undergo quality checks throughout production, with an in-house laboratory conducting tests for improvement.
With a diversified product portfolio, the company manufactures a wide range of products, including metro rail rolling stock products, metro rail signalling products, and infrastructure products.
As of March 31, 2023, the company maintains an unexecuted order book of Rs. 6,389.57 lakhs, with additional orders of Rs. 456.87 lakhs from April 01, 2023 onward.
Presstonic Engineering relies heavily on specific suppliers for the provision of raw materials. If these suppliers are unable or unwilling to deliver raw materials promptly or fail to meet the requirements, it could harm the company.
The inability to obtain the desired quality and quantity of raw materials and components in a timely and cost-effective manner, or not at all, may significantly impact our business, financial condition, and operational results.
The company operates solely from one manufacturing facility.
Presstonic Engineering has yet to initiate orders for the purchase of necessary machinery. Any delays in placing these orders or acquiring the machinery may impede the implementation schedule and potentially escalate operational costs.
Typically, the company conducts business with customers on a purchase-order basis and does not establish long-term contracts with most clients.
In one of the last three financial years, Presstonic Engineering incurred a loss. Any future losses could have adverse effects on the company's business, financial condition, and operational results.
Negative cash flow was experienced in recent fiscal periods. Prolonged negative cash flow could adversely impact the company's business, financial condition, and operational results.
Equity shares were issued within the past twelve months at a price lower than the initial offering.
Presstonic Engineering has certain contingent liabilities that, if realized, may impact the company's financial condition and operational results.
As of September 30, 2023, the company has an outstanding loan amount of Rs. 2,110.82 lakhs (fund and non-fund based).
As of September 30, 2023, the company has an unsecured loan of Rs. 20 lakhs. The unsecured loan from Rupali Ramesh may be recalled at any time.
Presstonic Engineering is involved in certain outstanding litigation, which, if determined adversely, may impact the company's business, operations, and reputation.