The company has been engaged in the production of Automobile Components. The Unit was started in 2011. They have Pressure Die Casting Machines, Machining and Powder coating facilities. Having all the 3 processes under one roof is a big advantage as their products can straight away enter the assembly line of their clients. The Engineering division is designed and procured in highly systematic manner. This has been done in consultation with highly placed professionals from the foundry industry. It has been installed looking at the future trends and requirements of the automobile industry. The planned infrastructure is such that, it is adequate for the next 3 to 5 years in terms of space and machines. The technology used is latest as all the Pressure Die casting machines are automatic. The plant is currently shut from last 4 months due to dispute in the partners which led to defaults in Loan servicing which in turn resulted in the plant being tagged as NPA. But the same can be revived and got back to handsome profits with working capital investment as the company has a commitment from prominent two wheeler manufacturer to buy their entire produce.
Buildings have been constructed on RCC/PEB super structure and it is of good quality suitable for industrial and office use. The total built up area is considered to be adequate for Orion’s present and future requirement of Storage, Laboratory, R&D activities, Office, Labour Rooms and other facilities for workers etc. We currently have 2 buildings measuring about 42000 sq. ft. In addition to this we have an office area measuring 2500 sq. ft. Installed and Achievable Capacity The Installed Capacity of the plant is 1200 tonnes annually with normally achievable capacity being 90% of the same at 1080 tonnes.
The company is offering a wide range of Aluminium Die Casting components that fulfills the variegated requirements of different industrial units. These Aluminium Die Castings are manufactured using the finest grade Aluminium that they procure from their reliable sources in the market and are in strict accordance with the various industry standards. Moreover, their clients can also avail these Aluminium Die Castings in customized specifications as per their requirement and within the stipulated time frame. Acquisition Proposal: The promoters are open to either of the following 3 options: a. 100% Equity sale of the company where the management responsibility will be assumed by the buyer. b. Forming a Joint venture where the existing promoter and the Buyer can jointly run the company. c. Bringing in an investment of minimum Rs.1 Crores in which case, the existing promoters would take up the managerial responsibility.