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Issue Date:04 November 2017     Price in Rs. R 6500    Price in USD. $ 100
    

Chennai based Magick Woods Exports Private Limited is an export oriented manufacturer of furniture. The company manufactures vanity cabinets for bath and dining segments. The company mainly exports to USA and Canada. The company procures its raw materials such as medium density fibre, paint and partial board from South Korea, Malaysia and China.

 

The company was incorporated in Aug’03. It has 3 directors – P Thavakumar (managing director), P Pathmakumar and Sivakumar.

 

For the year ended Mar’17, the company reported standalone revenue of INR 3.6B (~USD 57m), EBITDA margin of ~30%, but net profit of Rs 650m (USD 10m). The company posted sharp growth in FY16 on the back of a dedicated supply contract to a US based retailer.

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