Sawaca Business Machines Limited Reports Earnings Results for the First Quarter Ended June 30, 2019

Sawaca Business Machines Limited is an India-based company, which is engaged in the business of various chemical products and scrap materials. The Company is involved in the business of the trading and export of machinery and local trading of metal scrap and cotton bales. The core operations of the Company are focused on sourcing different grades of copper scrap, aluminum scrap, stainless steel (SS) scrap, SS pata patti and others. It maintains a diverse portfolio of clients ranging from multi-national corporations to one-time customers. The Company is mainly engaged in trading and supplying cotton bales to local traders, as well as directly to textile mills all over India. It is involved in the export of machinery and various raw materials to east African countries. It purchases the same from various suppliers across India and exports the same. It is exporting machinery to biscuit manufacturing plants, mineral water plants and machinery required for packaging.