Factoring Solutions S R Corporate
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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 bankers
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Factoring Solutions S R Corporate
- 1. Presentation on Factoring Solutions
- 2. 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.
- 3. 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
- 4. 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
- 5. 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.
- 6. 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.
- 7. 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
- 8. S R Corporate Services Private Limited Mail us at – info@srcorporate.com 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) Contact Us