factoring solutions s r corporate
DESCRIPTION
Providing financial solution to Small and Medium Enterprises , one of the most dynamic product in the banking is Factoring , not many of the banks are doing it aggressively. But can support your business growth story if structured properly with bankersTRANSCRIPT
Presentation on Factoring Solutions
What is Factoring ?
• Factoring is structured working capital finance solution that includes finance against receivable of your company , Collection of Receivable on due date, Credit protection against bad debts, and credit advisory services.
• So Factoring allows you to convert your accounts receivable into cash and thereby cash generating potential of your business.
How does Factoring Works ?
Your Receivables (Debtors)On Due Date Banker Collects Directly
Banker
Verification and Follow ups Make Payment on Receipt of Document's
Your Business
Submit Documents Receive Collection
Benefits of Factoring
• Enables Cash Against your invoices instantly • Banks can pay up to 90% Immediately • More sales , More better cash flow position • You can offer better prices by offering more
credit period• No Collateral Required• Interest only on the actual funds used by you. • Collection of receivable managed by the bankers
Modus Operandi for Factoring
• Survey of your sales ledger by Banker• Credit Assessment of your company• Setting up the credit Limited• Signing of factoring agreement Limit• Customers acceptance for routing payments
through Bank• Forward copy of Invoice with documents to bank• Liquidate the invoice on the same day.
Eligibility criteria's for Factoring
• Facility given to all entities like Proprietorship , Partnership Firm, Companies.
• Entity should be in operation since last three years
• Entity should generate profits in last two years.
• Entity should have positive net worth. • The Turnover shall be at least 10 Cr.
Basic Documents Required
* Proof of Identity * Proof of Residence * PAN Card copy* Sales Tax/VAT Registration * Copy of IT Return * Registration under shop & Establishment* Audited Annual Account for Three years* Projected Sales * Net worth of Statement
* Proof of Identity of Firm* Proof of Identity of All Partners. Proof of Residence of all partners.* Partnership Deed* PAN Card copy* Sales Tax/VAT Registration * Copy of IT Return * Registration under shop & Establishment* Audited Annual Account for Three years* Projected Sales * Net worth statement
* MOA & AOA of Company* Board Resolution for Availing
Factoring* Copy of the Latest Annual
Return * Proof of Identity and
Residence of all Directors* List of Directors
* Copy of Form 32 Filled with ROC
* PAN Card copy of Company* Audited Annual Account for
Three years* Projected Sales
* Net worth statement
S R Corporate Services Private LimitedMail us at – [email protected]
Corporate
Office
•617, C-Wing , 215 Atrium , Andheri Kurla Road, Near Courtyard Marriot, Andheri East, Mumbai – 400059, Tel – 6111444 (Board)
Operational Office
•Room 2, Third Floor, Abbas Manzil , Sahar Road , Chakala, Opp. Ciggrate Factory, Andheri East, Mumbai – 400099, Tel – 42369555 (Board)
Operational Office
•11, Mistry Industrial Complex , Cross Road “A” , MIDC , Near Hotel Tunga International, Andheri East, Mumbai – 400093, Tel – 42539501 (Board)
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