GNPT - COMPILED DD = WHY DO YOU HAVE TO OWN IT..
Post# of 94145
Posted On: 08/23/2015 2:07:42 PM
GNPT - COMPILED DD = WHY DO YOU HAVE TO OWN IT..
http://www.greenparts.com
Current Share Structure per TA:
FLOAT: 120M
OS : 164M
Assets = $8m
Current Liabilities = $5mln (currently all credit, no notes)
current OS = 164M
Book Value Per Share BVPS = $0.02
Now add to this millions in sales.....
Annual Sales 2013 = $15mln
Annual Sales 2014 = $13mln
Sales Q1 2015= $2mln
Anticipated revenues for 2015 = $15mln
Future income goals are $12mln-$13mln in sales per month and/or $100mln in sales in one year.
Company should have market cap of at least $15mln with numbers shown on audited financing.. that means GNPT should trade above $0.10.. imo and CEO is hard at work to keep company growing.
CEO took over a company debt:
During the year ended December 31, 2014, the Company was relieved of liabilities from loans to Piedmont bank. This debt ($2,227,939) was assumed by Asif Balagamwala (CEO) and the Company did not have to repay the loan. Therefore a related party liability was recorded at that time.
GNPT secured a credit line of $10mln last year.. no need for any toxic financing and convertible notes here!
Miami, Florida – TCA Global Master Credit Fund Group (“TCA”), a fund specializing in senior secured lending and advisory services, announces the closing of a $10 Million USD Line of Credit with Green Parts International, Inc. (OTC: GNPT)
http://tcaglobalfund.com/tca-closes-10-mm-lin...ional-inc/
info from INTERVIEW WITH CEO dated 4/14/2015b :
1. The company has been in Recycling business for 14 years and all these years they were profitable. They went from making $500k a year to close to $15mln a year (2013).
Smaller revenue of $12mln in 2014 was because the company invested a lot of money and had a lot of downtime as a result.
2. They have 3 sites. 12 acre facility brings 90% of revenue. The other two locations are running at 50%-60% capacity so they are already capable to increase revenue by another $15-20mln in sales using existing facilities. Plus they are planning acquisitions in a conservative 18-24 month time frame but really they are looking into 12 months so revenues of $100 mln in 12 months will not be difficult to hit.
3. They want to increase shareholders value. CEO believes that fair pps is at $0.20 and he is going to prove it. Company received approval for $5mln SBA refinance loan to pay down debt. Last year they got a little bit aggressive in financing term. Unaware of how a conversion deal really works and it was the first time they did it.
4. Ko rean Partner that works with Kia, Hyundai, and John Deere wants to invest more money..
5. Lots of other deals and opportunities in the future. For example State of GA is interested in investing in tires recycling... so talking some state contract/money...
6. CEO also stated that once GNPT obtains more liquidity, they plan on consulting with their attorneys and consultants and may do a share buy back to increase value of shares.
7. GNPT is in a huge industry that is growing and is not going anywhere which is a huge opportunity to make money on this business. So far majority of business was recycling of metal but company is looking into recycling of plastic, cardboard, and demolishing material (GA state is booming, lots of new construction). Also they are looking into different ways to recycle oil. Nowadays cost of recycling is cheaper than using raw materials/minerals because of technology. Study on EPA website provides that 75% of trash can be recycled.
Direct link to audio interview with CEO - www.princetonresearch.com/wp-content/uploads/2015/04/Money-Info-4-14-GNPT-Part2.mp3
NEWS 07/17/2015 GreenParts International Expands Global Efforts
ATLANTA, July 17, 2015 /PRNewswire/ -- GreenParts International, (OTC: GNPT) a recycling company with multiple locations in Atlanta, Georgia has released a statement from its CEO regarding the company's efforts to leverage its multinational partners and expand its business globally.
Chief Executive Officer Asif Balagamwala stated, "I recently traveled to the Middle East Region for a couple weeks and I'm very encouraged by the progress that I made with our potential partners. ….. .. we have committed to allocate funding to explore our global capabilities and to seize what I believe to be some incredible opportunities." The CEO continued," One such opportunity is in the concrete recycling and cement import business to not only the United States, but developing countries as well. I feel with our partner SAH Global we can be competitive in this industry and potentially add several million dollars in revenue to GreenParts in our first full 12 months of production. As the details unfold I will be releasing more information regarding the industry and the positive impact I expect this endeavor will have on GreenParts and its shareholders." Mr. Balagamwala went on to say, "We are in the very early stage of this opportunity, but this is potentially the first of what I hope to be many new international ventures
The CEO concluded, "As I finished my stay I worked diligently contacting other partners to expand not only our core recycling operation but to initiate other components of our strategic plan such as green energy ventures and the restructuring of our debt. We have had to use convertible debt financing in the past, and to my knowledge the positions reported in the 10q by JMJ, LG, and Asher have been completely converted …. It is a key part of our strategic plan to replace our creditors with a more favorable lender, or even an equity partner, which will allow the company to continue to invest in some of the incredible opportunities, we have in our recently developed Scrap Management and Textile Recycling divisions as well as our renewed efforts to expand globally. ..
Whole article:
http://www.prnewswire.com/news-releases/green...14996.html
NEWS 06/05/2015 GreenParts International Announces Two Major Additions
ATLANTA, June 5, 2015 /PRNewswire/ -- GreenParts International, (OTC: GNPT) a metal recycling company with multiple locations in Atlanta, Georgia has announced the latest implementations of its five year strategic plan.
Chief Executive Officer Asif Balagamwala stated,"We are very excited to announce the formalization of our scrap-management consulting division and our textiles recycling division."
The CEO continued, "We recently agreed, in principle, with a Georgia exporter of recycled clothing to a deal that has the potential to generate up to One Hundred and Fifty Thousand Dollars in income over and beyond the next twelve months. We anticipate this to be the first of many, as we are working on several other textile recycling partnerships."
In regards to the newly created Scrap Management division, the CEO stated, "Throughout our history, we have purchased material from mills and other scrap producers, as well as countless foot traffic from individuals and individual contractors. While we haven't always been able to allocate the capital to actively pursue the scrap generators and metal consumers as aggressively as we would have liked, we feel the dedication that we have to our new Scrap Management division will change that and produce significant results." Mr. Balagamwala continued, "We continually invest in our systems and equipment, in order to maximize cost efficiencies and to maintain the highest quality of products. The shredding system is one of the most efficient ways to process metal. Our recent updates are paying off and allowing us to be more aggressive in our outside dealer to dealer sales."
The company noted that the goal of the scrap management division was not just to buy more product, but to create long term partners with scrap generators through its value-added consulting services. GreenParts Scrap Metal Management team feels it can help any facility in any industry become more efficient in the way it handles and disposes of its scrap. Specific targets are processors, mills and foundries, as well as, wire and cable producers and other auto salvage dealers.
Whole article:
http://www.prnewswire.com/news-releases/green...94755.html
NEWS 05/26/2015 GreenParts International's Strategic Planning Gains Traction
ATLANTA, May 26, 2015 /PRNewswire/ -- GreenParts International, (OTCBB "GNPT"
a metals recycling company with multiple locations in Atlanta, Georgia, is nearing completion of its strategic planning process and anticipates implementation of a new five-year plan in the early part of the 3rd quarter.
The GreenParts comprehensive strategic planning process has been a priority for recent quarters. GreenParts CEO Asif Balagmwala stated, "It is exciting to note that the strategic planning process has caused us to identify and begin taking advantage of a variety of unique opportunities and relationships that will be generating new revenue."
An integral component of the strategic plan is a comprehensive review of GreenParts core operations as well as its global operations and partners. The implementation of this plan is intended to significantly improve operational performance and ultimately enhance earnings and shareholder value.
Balagmwala added, "Each quarter of the strategic plan is designed to provide short-term guidance and progress toward achievement of our long-term goals. While we are extremely focused on streamlining our debt, we are simultaneously committed to expanding our business verticals. As an example of a "vertical" GreenParts, together with a key international partner, and with essentially no resource diversion, proudly announces launch of our new clothing recycling project. We are particularly excited about this arena because it's a new revenue stream and also because of the additional exposure to other multinational markets and alliance opportunities."
The plan also identifies and prioritizes added new opportunities in several distinct markets as: electronics recycling, a renewed focus on scrap metal management, and boutique catering to both scrap metal generators and metal consumers. The company will be releasing more information regarding these opportunities in the coming weeks. "Any strategic plan has to be cognizant of the past, but at the same time very focused on the future. This is a very exciting time in our company's history, and through this plan we are putting a laser focus on optimizing our asset's, streamlining our operation, as well capitalizing on our enormous potential for growth. It is my personal obligation, and mission to make GreenParts International an innovator, and leader in the recycling industry," the Chief Executive Officer concluded.
Whole Article:
http://www.prnewswire.com/news-releases/green...88643.html
NEWS 05/19/2015 GreenParts Int. Files 10Q.
ATLANTA, May 19, 2015 /PRNewswire/ -- GreenParts International today announced first quarter 2015 results.
"The first quarter 2015 market environment was extremely challenging for the steel and metals recycling industry," said Asif Balagamwala, Chief Executive Officer.
"We strongly feel that the reduction in both steel and scrap prices, combined with strength in domestic steel consumption from industries such as construction, manufacturing, and automotive should support a stronger domestic steel industry later this year. Given that domestic steel prices have come down, we believe the levels of imported steel will decline. In addition, sustainable lower raw material costs and increased orders as customers' inventory excess reduces, will allow our customers to not only increase their order volume with us, but allow for much better guidance and continuity. Obviously, this will have a very positive impact on GreenParts," continued Balagamwala.
The Company's recycling operation recorded a loss for the first quarter 2015, based on lower metal spread caused by decreasing Ferrous prices that dropped as much as 30% in February, as well as reduced shipments due to lower domestic steel mill utilization. The company expects volume and margins to increase throughout 2015, as steel mill utilization is expected to improve and scrap price volatility to subside.
Whole article:
http://www.prnewswire.com/news-releases/green...85857.html
NEWS 04/22/2015 Greenparts International Reports Current Progress
ATLANTA, GA / ACCESSWIRE / April 22, 2015 / Greenparts International, (GNPT) a metals recycling company with multiple locations in Atlanta Georgia, has published its 10K along with information on current market conditions.
Greenparts President/CEO Asif Balagamwala commented on the company's 2014 results and market conditions stating, "We are pleased that we were able to successfully deal with 2014's precipitous ferrous scrap prices drop to the lowest levels since 2008. Last year's lower prices were created by excess global steel production, lower iron ore prices and weaker demand." Mr. Balagamwala added "We generated positive cash flow from operations in spite of this market deterioration and more importantly, we invested heavily into our infrastructure for the future. Specifically at our main location, we conducted a major reorganization during 2014 Q 1 of 2015 redesigning our production lines to facilitate greater efficiency and timely order fulfillment. Additionally we invested a significant amount of money and time to renovate our primary shredder, at a cost of a month and a half of production. This was necessary to maximize the use of the shredder in the current competitive market. The equipment upgrades and the production reorganization will create material, sustainable improvements to our bottom line."
As to current market conditions Mr. Balagamwala stated "While prices are lower than last year at this time we are seeing a stabilization in both prices and demand."
In closing the CEO addressed debt cost and new ventures. "In an effort to continue our rapid growth and recovery from 2014 forward we took on some aggressive debt cost that combined with unforeseen events impacted our bottom line. While operationally strong this debt cost proved to be a heavy burden. We are excited to be working with some quality partners to address and alleviate this issue, and combined with other strategic actions underway are looking forward to cost reductions and a return to growth through 2016 and beyond. In regards to new ventures, we are very fortunate to have some international partners that are increasing their participation with us and domestic opportunities, as well as developing new verticals from our core business. We not only anticipate, but are very much looking forward to releasing information regarding these partnerships in the near future."
http://www.greenparts.com
Current Share Structure per TA:
FLOAT: 120M
OS : 164M
Assets = $8m
Current Liabilities = $5mln (currently all credit, no notes)
current OS = 164M
Book Value Per Share BVPS = $0.02
Now add to this millions in sales.....
Annual Sales 2013 = $15mln
Annual Sales 2014 = $13mln
Sales Q1 2015= $2mln
Anticipated revenues for 2015 = $15mln
Future income goals are $12mln-$13mln in sales per month and/or $100mln in sales in one year.
Company should have market cap of at least $15mln with numbers shown on audited financing.. that means GNPT should trade above $0.10.. imo and CEO is hard at work to keep company growing.
CEO took over a company debt:
During the year ended December 31, 2014, the Company was relieved of liabilities from loans to Piedmont bank. This debt ($2,227,939) was assumed by Asif Balagamwala (CEO) and the Company did not have to repay the loan. Therefore a related party liability was recorded at that time.
GNPT secured a credit line of $10mln last year.. no need for any toxic financing and convertible notes here!
Miami, Florida – TCA Global Master Credit Fund Group (“TCA”), a fund specializing in senior secured lending and advisory services, announces the closing of a $10 Million USD Line of Credit with Green Parts International, Inc. (OTC: GNPT)
http://tcaglobalfund.com/tca-closes-10-mm-lin...ional-inc/
info from INTERVIEW WITH CEO dated 4/14/2015b :
1. The company has been in Recycling business for 14 years and all these years they were profitable. They went from making $500k a year to close to $15mln a year (2013).
Smaller revenue of $12mln in 2014 was because the company invested a lot of money and had a lot of downtime as a result.
2. They have 3 sites. 12 acre facility brings 90% of revenue. The other two locations are running at 50%-60% capacity so they are already capable to increase revenue by another $15-20mln in sales using existing facilities. Plus they are planning acquisitions in a conservative 18-24 month time frame but really they are looking into 12 months so revenues of $100 mln in 12 months will not be difficult to hit.
3. They want to increase shareholders value. CEO believes that fair pps is at $0.20 and he is going to prove it. Company received approval for $5mln SBA refinance loan to pay down debt. Last year they got a little bit aggressive in financing term. Unaware of how a conversion deal really works and it was the first time they did it.
4. Ko rean Partner that works with Kia, Hyundai, and John Deere wants to invest more money..
5. Lots of other deals and opportunities in the future. For example State of GA is interested in investing in tires recycling... so talking some state contract/money...
6. CEO also stated that once GNPT obtains more liquidity, they plan on consulting with their attorneys and consultants and may do a share buy back to increase value of shares.
7. GNPT is in a huge industry that is growing and is not going anywhere which is a huge opportunity to make money on this business. So far majority of business was recycling of metal but company is looking into recycling of plastic, cardboard, and demolishing material (GA state is booming, lots of new construction). Also they are looking into different ways to recycle oil. Nowadays cost of recycling is cheaper than using raw materials/minerals because of technology. Study on EPA website provides that 75% of trash can be recycled.
Direct link to audio interview with CEO - www.princetonresearch.com/wp-content/uploads/2015/04/Money-Info-4-14-GNPT-Part2.mp3
NEWS 07/17/2015 GreenParts International Expands Global Efforts
ATLANTA, July 17, 2015 /PRNewswire/ -- GreenParts International, (OTC: GNPT) a recycling company with multiple locations in Atlanta, Georgia has released a statement from its CEO regarding the company's efforts to leverage its multinational partners and expand its business globally.
Chief Executive Officer Asif Balagamwala stated, "I recently traveled to the Middle East Region for a couple weeks and I'm very encouraged by the progress that I made with our potential partners. ….. .. we have committed to allocate funding to explore our global capabilities and to seize what I believe to be some incredible opportunities." The CEO continued," One such opportunity is in the concrete recycling and cement import business to not only the United States, but developing countries as well. I feel with our partner SAH Global we can be competitive in this industry and potentially add several million dollars in revenue to GreenParts in our first full 12 months of production. As the details unfold I will be releasing more information regarding the industry and the positive impact I expect this endeavor will have on GreenParts and its shareholders." Mr. Balagamwala went on to say, "We are in the very early stage of this opportunity, but this is potentially the first of what I hope to be many new international ventures
The CEO concluded, "As I finished my stay I worked diligently contacting other partners to expand not only our core recycling operation but to initiate other components of our strategic plan such as green energy ventures and the restructuring of our debt. We have had to use convertible debt financing in the past, and to my knowledge the positions reported in the 10q by JMJ, LG, and Asher have been completely converted …. It is a key part of our strategic plan to replace our creditors with a more favorable lender, or even an equity partner, which will allow the company to continue to invest in some of the incredible opportunities, we have in our recently developed Scrap Management and Textile Recycling divisions as well as our renewed efforts to expand globally. ..
Whole article:
http://www.prnewswire.com/news-releases/green...14996.html
NEWS 06/05/2015 GreenParts International Announces Two Major Additions
ATLANTA, June 5, 2015 /PRNewswire/ -- GreenParts International, (OTC: GNPT) a metal recycling company with multiple locations in Atlanta, Georgia has announced the latest implementations of its five year strategic plan.
Chief Executive Officer Asif Balagamwala stated,"We are very excited to announce the formalization of our scrap-management consulting division and our textiles recycling division."
The CEO continued, "We recently agreed, in principle, with a Georgia exporter of recycled clothing to a deal that has the potential to generate up to One Hundred and Fifty Thousand Dollars in income over and beyond the next twelve months. We anticipate this to be the first of many, as we are working on several other textile recycling partnerships."
In regards to the newly created Scrap Management division, the CEO stated, "Throughout our history, we have purchased material from mills and other scrap producers, as well as countless foot traffic from individuals and individual contractors. While we haven't always been able to allocate the capital to actively pursue the scrap generators and metal consumers as aggressively as we would have liked, we feel the dedication that we have to our new Scrap Management division will change that and produce significant results." Mr. Balagamwala continued, "We continually invest in our systems and equipment, in order to maximize cost efficiencies and to maintain the highest quality of products. The shredding system is one of the most efficient ways to process metal. Our recent updates are paying off and allowing us to be more aggressive in our outside dealer to dealer sales."
The company noted that the goal of the scrap management division was not just to buy more product, but to create long term partners with scrap generators through its value-added consulting services. GreenParts Scrap Metal Management team feels it can help any facility in any industry become more efficient in the way it handles and disposes of its scrap. Specific targets are processors, mills and foundries, as well as, wire and cable producers and other auto salvage dealers.
Whole article:
http://www.prnewswire.com/news-releases/green...94755.html
NEWS 05/26/2015 GreenParts International's Strategic Planning Gains Traction
ATLANTA, May 26, 2015 /PRNewswire/ -- GreenParts International, (OTCBB "GNPT"
a metals recycling company with multiple locations in Atlanta, Georgia, is nearing completion of its strategic planning process and anticipates implementation of a new five-year plan in the early part of the 3rd quarter. The GreenParts comprehensive strategic planning process has been a priority for recent quarters. GreenParts CEO Asif Balagmwala stated, "It is exciting to note that the strategic planning process has caused us to identify and begin taking advantage of a variety of unique opportunities and relationships that will be generating new revenue."
An integral component of the strategic plan is a comprehensive review of GreenParts core operations as well as its global operations and partners. The implementation of this plan is intended to significantly improve operational performance and ultimately enhance earnings and shareholder value.
Balagmwala added, "Each quarter of the strategic plan is designed to provide short-term guidance and progress toward achievement of our long-term goals. While we are extremely focused on streamlining our debt, we are simultaneously committed to expanding our business verticals. As an example of a "vertical" GreenParts, together with a key international partner, and with essentially no resource diversion, proudly announces launch of our new clothing recycling project. We are particularly excited about this arena because it's a new revenue stream and also because of the additional exposure to other multinational markets and alliance opportunities."
The plan also identifies and prioritizes added new opportunities in several distinct markets as: electronics recycling, a renewed focus on scrap metal management, and boutique catering to both scrap metal generators and metal consumers. The company will be releasing more information regarding these opportunities in the coming weeks. "Any strategic plan has to be cognizant of the past, but at the same time very focused on the future. This is a very exciting time in our company's history, and through this plan we are putting a laser focus on optimizing our asset's, streamlining our operation, as well capitalizing on our enormous potential for growth. It is my personal obligation, and mission to make GreenParts International an innovator, and leader in the recycling industry," the Chief Executive Officer concluded.
Whole Article:
http://www.prnewswire.com/news-releases/green...88643.html
NEWS 05/19/2015 GreenParts Int. Files 10Q.
ATLANTA, May 19, 2015 /PRNewswire/ -- GreenParts International today announced first quarter 2015 results.
"The first quarter 2015 market environment was extremely challenging for the steel and metals recycling industry," said Asif Balagamwala, Chief Executive Officer.
"We strongly feel that the reduction in both steel and scrap prices, combined with strength in domestic steel consumption from industries such as construction, manufacturing, and automotive should support a stronger domestic steel industry later this year. Given that domestic steel prices have come down, we believe the levels of imported steel will decline. In addition, sustainable lower raw material costs and increased orders as customers' inventory excess reduces, will allow our customers to not only increase their order volume with us, but allow for much better guidance and continuity. Obviously, this will have a very positive impact on GreenParts," continued Balagamwala.
The Company's recycling operation recorded a loss for the first quarter 2015, based on lower metal spread caused by decreasing Ferrous prices that dropped as much as 30% in February, as well as reduced shipments due to lower domestic steel mill utilization. The company expects volume and margins to increase throughout 2015, as steel mill utilization is expected to improve and scrap price volatility to subside.
Whole article:
http://www.prnewswire.com/news-releases/green...85857.html
NEWS 04/22/2015 Greenparts International Reports Current Progress
ATLANTA, GA / ACCESSWIRE / April 22, 2015 / Greenparts International, (GNPT) a metals recycling company with multiple locations in Atlanta Georgia, has published its 10K along with information on current market conditions.
Greenparts President/CEO Asif Balagamwala commented on the company's 2014 results and market conditions stating, "We are pleased that we were able to successfully deal with 2014's precipitous ferrous scrap prices drop to the lowest levels since 2008. Last year's lower prices were created by excess global steel production, lower iron ore prices and weaker demand." Mr. Balagamwala added "We generated positive cash flow from operations in spite of this market deterioration and more importantly, we invested heavily into our infrastructure for the future. Specifically at our main location, we conducted a major reorganization during 2014 Q 1 of 2015 redesigning our production lines to facilitate greater efficiency and timely order fulfillment. Additionally we invested a significant amount of money and time to renovate our primary shredder, at a cost of a month and a half of production. This was necessary to maximize the use of the shredder in the current competitive market. The equipment upgrades and the production reorganization will create material, sustainable improvements to our bottom line."
As to current market conditions Mr. Balagamwala stated "While prices are lower than last year at this time we are seeing a stabilization in both prices and demand."
In closing the CEO addressed debt cost and new ventures. "In an effort to continue our rapid growth and recovery from 2014 forward we took on some aggressive debt cost that combined with unforeseen events impacted our bottom line. While operationally strong this debt cost proved to be a heavy burden. We are excited to be working with some quality partners to address and alleviate this issue, and combined with other strategic actions underway are looking forward to cost reductions and a return to growth through 2016 and beyond. In regards to new ventures, we are very fortunate to have some international partners that are increasing their participation with us and domestic opportunities, as well as developing new verticals from our core business. We not only anticipate, but are very much looking forward to releasing information regarding these partnerships in the near future."
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