Corporate Finance & Accounting Services #3098857

Our bank understands each business requires steady flow of finance for its growth. If you are looking for Bank Finance for your business, we are the best Domestic Finance Consultant in Kolkata, West Bengal, India. We are an experienced bank that offers the right mix of finance. We aid clients by providing Working Capital Finance, Overdraft Facilities, Cash Credit Facilities, Bill Purchase / Discounting, Long Term Finance, Non Fund Based Finance, ILC (Inland Letter of Credit) and many more. We are reliable and guarantee clients; we do not impose hidden charges.

Details :

A business requires a constant flow of finance for its growth. The finance can be from various sources, including Bank finance. Our rich experience in this segment, helps us understand each and every requirement of your business, and provide you the right mix of finance.

• Working Capital finance : We extend short term finance by way of inventory limits in the form of Overdraft, Cash Credit, Working Capital Term Loan, Mercantile Credit etc. Post Sale limits are extended by way of discounting of bills or purchasing of cheques, advances against book debts etc. The different types of accounts and limits we offer are,

• Overdraft Facilities
  • Overdraft is an operative account, which is allowed to be operated upto a pre-sanctioned limit.
  • The borrower may remit funds into the account reducing the debit balance or he may draw on the account upto the limit.
  • The Target Group is Individuals, Traders and Industrial Concerns.
  • The overdraft may be unsecured, partly secured or fully secured against pledge, mortgage or hypothecation of securities acceptable to the Bank.

• Cash Credit Facilities
  • A cash credit is a drawing account against credit limit granted by the Bank and is operated in almost the same manner as a Overdraft account.
  • The distinction between an Overdraft and a Cash Credit is in the nature of the security.
  • When the advance is secured by the pledge/hypothecation of goods or produce, it is treated as a Cash Credit Account.
  • The security may be changed from time to time according to the borrower’s business requirement provided it always fully covers the balance outstanding the account (with the stipulated margin).

• Bill Purchase / Discounting
  • Post Sale limits are extended by way of discounting/ purchasing of bills/cheques, advances against book debts etc.
  • Bill Purchase - These may be in the nature of on demand Clean or Documentary bills being the bills payable on demand drawn on outstation centres for which immediate credit is afforded to your business account less our discount and handling charges.
  • Usance Bill Purchased - Usance Clean or Documentary bills are bills payable on due date after expiry of the usance period drawn on drawees/payees against which immediate credit is given to your business account less interest for the usance period, handling charges, postage etc.
  • Cheques Discounted - Outstanding cheques/drafts drawn on our bank or other banks are purchased and immediate credit is afforded to your business account less our discount/commission.

• Long Term Finance : Your long term finance requirements are met through term loans. We offer various types of term loans, to suit your requirements.
  • The loans are either disbursed in lumpsum or in stages and the same is repaid in instalments along with interest.
  • The loans are mostly given for a specific purpose/project.
  • Such finances allow you to go in for capacity upgrades, purchase of assets, etc.
  • The regular repayment option, coupled with balloon payments in some cases, provides complete flexibility to you.

• Non Fund Based finance
  • We offer different types of non-fund based credit facilities to eligible borrowers
  • ILC (Inland Letter of Credit)
  • Bank Guarantees
  • Clubbing fund based and non-fund based credit limits

We are one of the renowned International Finance Consultant in Kolkata, West Bengal, India. To serve the growing need of export sector, we offer Pre-shipment Credit, Post-shipment Credit, Foreign Currency Loans etc. Through our Pre-shipment Credit, clients can take care of raw material purchase/ processing and make goods ready for export. Advances like Packing Credits help clients to maintain cash flow. Through our Post shipment Credit, we support exporters in assured sale receivables, until the actual sale proceeds are carried out. We offer advances for Purchase/Discount of export documents under Export Orders, export bills sent on collections and many more. Furthermore, we offer Import Finance through our services such as Letter of Credit services, remittance services, Import Bill collection services etc.

Details :

• Export Finance : To cater to the high growth export sector, we offer the following :
  •  Pre-shipment credit to take care of purchase and processing of raw materials, for making the goods ready for export. Advances such as Packing Credits (against LC’s/ confirmed orders) shall help the customer to maintain his cash flow.
  • Post-shipment credit is extended to exporters against assured sale receivables, till the actual sale proceeds are realized. Facilities such as Purchase/Discount of export documents under Export Orders, Advances against export bills sent on collection, are few of such advances.
  •  We also offer foreign currency loans, advances against export incentives receivables etc.
  •  We facilitate insurance through Export Credit Guarantee Corporation (ECGC)
  • We provide Performance Bonds to Exporter’s clients in deserving cases.

•  Import Finance
  • To help our customers in Import finance, we offer · Letter of Credit services, · remittance services, ·
  • Import Bill collection services etc.
  • You may contact our nearest branch for more details.