+91 9899141115
+91 9811063326 credit@workingsolutions.in
 
 
 
 
 
 
 
  Service Areas
 

Debt Syndications

Our Debt Syndication team encompasses funding activities for diverse business requirements of corporations. We assist corporates to leverage on debt as an instrument to raise short-term and long-term capital for their business requirements. This could be for project financing, corporates seeking expansions of facilities or to meet working capital requirements.

 

Working Capital

Our professionals with extensive expertise in the domain of working capital financing understand promoter’s vision, company background, business requirements to ensure results as desired by the clients. We utilize our relationship network with Banks for sanction of working capital facilities for our clients. The scope includes preparation of CMA, Sanction of limits through multiple or consortium route. The transparency in transactions, simple terms and conditions on which we arrange finance, makes us the prime provider of Working Capital Financing.

 
  Export Credit.

Pre-shipment
is also referred as “packing credit”. It is working capital finance provided by commercial banks to the exporter prior to shipment of goods. Such finance is extended to an exporter for the purpose of procuring raw materials, processing, packing, transporting, warehousing of goods meant for exports. Exporters having firm export orders or confirmed L/C from a recognized Bank can avail the export credit facilities.The facility is available both in Indian Rupee and in major foreign currencies to Exporters.

Post-shipment Credit is offered to an exporter to finance export sales receivables after the date of shipment of goods till the date of realisation of export proceeds. Post shipment facility could be in form of Export bills negotiated under letter of credit, Export bills purchased under confirmed orders/export contracts or Advances against export bills sent for collection etc. The facility is available both in Indian Rupee and in major foreign currencies to Exporters.

 

Term Loan

Working Solutions arranges project finance for 3 to10 years & helps client in process of documentation requirements for appraisal, sanction & disbursal. In terms of pricing we structure the transactions to accrue maximum benefits to our clients.

 
 

Trade Finance

Trade Finance has been the core area of competence since the inception of working solutions. We Structure transactions understating the clients business and provide consultancy on specific issues pertaining to Export, Import & FEMA, guiding clients on range of trade finance products available helping them mitigate payment risks & facilitating cash flows.

 
 

Buyer’s Credit

Buyer’s credit is the credit availed by an Importer (Buyer) from overseas Lenders i.e. Banks and Financial Institutions for payment of his Imports on due date. It is a financial arrangement in which a bank or financial institution, or an export credit agency in the exporting country, extends a loan directly to a foreign buyer or to a bank in the importing country to pay for the purchase of goods and services from the exporting country. Buyer’s credit helps local importers access to cheaper foreign funds linked to LIBOR rates as against local sources of funding which are costly compared to LIBOR rates.
We specialize in arranging Buyer’s credit for our clients for financing of import of capital and non-capital goods.

Benefits of Buyer’s Credit: The benefits of buyer’s credit for the importer are as follows:

  • The exporter gets paid on due date; whereas importer gets extended date for making an import payment as per the cash flows
  • The importer can deal with exporter on sight basis, negotiate a better discount and use the buyer’s credit route to avail financing.
  • The funding currency can be in any FCY (USD, GBP, EURO, JPY etc.) depending on the choice of the customer.
  • The importer can use this financing for any form of trade viz. open account, collections, or LCs.
  • The currency of imports can be different from the funding currency, which enables importers to take a favourable view of a particular currency.
  • Rate of interest is linked with LIBOR and the effective cost of finance is very less as compared to term loan in Indian currency or cash credit.
  • Buyer avails the further credit in addition to letter of credit.
  • Supplier of the goods received the payment as per LC payment terms.
  • Buyer can also request for further roll over buyer’s credit
  Process Flow for Buyer’s Credit on Bank Lines

The process flow for availing buyer’s credit:

 
    • The process flow for availing buyer’s credit:
    • The Indian customer will import the goods either under DC, Collections or open account
    • The Indian customer request Bank in India before the due date of the bill to avail buyers credit Financing.
    • Client informs us the details of the transaction (i.e. for the Bill lodged with his bank for which it intends to avail buyers credit)-Amount, due date, commodity, beneficiary details etc.
    • We provide the Offer letter\Quote from the overseas bank\financial institution in favor of Client's Bank which shall then issue Lou\co-acceptance to the funding bank.
    • The funding bank will credit the importer’s bank Nostro account for the required amount.
    • Importer’s existing banker will retire the import bill by utilizing the amount credited.
    • The importer’s Bank to recover the principal and interest amount from the importer’s and remit the same to funding bank on due date
 

Factoring

Factoring is a financial option for the management of receivables. In simple definition it is the conversion of credit sales into cash. A trade finance mechanism whereby an exporter sells its export receivables (bills of exchange or promissory notes, or simply issued invoices, which the exporter is selling on an open account basis) at a discount. Factoring receivables is an ideal financial solution for new and emerging firms without strong financials. This is because credit worthiness is evaluated based on the financial strength of the customer (debtor). Hence these companies can leverage on the financial strength of their customers. We set up the receivables factoring limits with the prospective Lenders after carrying out initial negotiations with the them & also offer our operational service to the clients post disbursement of limits.

  LC Discounting(Inland & Foreign)

LC Discount is Letter of Credit Discount. The Letter of Credit from the prime banks or financial institutions is considered as a complete security. A Letter of Credit is a letter from Bank guaranteeing that a buyer's payment to a seller will be received on time and for the correct amount. Let’s consider that the consignee wants to pay you after 90 days after it reaches him. But you want to be paid immediately after the documents are accepted. The banks will offer to pay you on a discount basis, meaning that they deduct a percentage from the value owing to you, which they keep as the cost of discounting; you get paid immediately the value less that the discount  We fetch the most competitive pricing from the banks based on our volume & reach in market.
 
 

Unsecured Business Loan

We arrange Unsecured Business Loans of different amounts to up-coming and already established business enterprises. Business Instalment Loan helps your business take giant strides by fulfilling your business requirements be it expansion, up-gradation and diversification. The simple terms and conditions and low interest rate of the unsecured loans offered by us have made us popular among the business and corporate circles.

   
   
 
 

Lease Rental Discounting

Lease Rental Discounting (LRD) is a term loan offered against rental receipts derived from lease contracts with corporate tenants. Theloan is provided to the lessor based on the discounted value of the rentals and the underlying property value. The special features of LRD are

    • Loan up to 60% of market value of property
    • Loan tenor up to maximum of 12 years
    • Attractive Interest Rates
 
 

Loan against Securities

Loan can be availed from banks & other lending institution against the securities in the form of shares, mutual funds, bonds, national saving certificates, Gold ETF. The loan can be structured either as a term loan or as an overdraft facility. It is one of the commonly used patterns to raise funds by keeping the investments in securities safe & offering it as collateral to the lending institution.

 
 
 

Loan against property

A loan against property (LAP), as the name implies is a loan given or disbursed against the mortgage of property. The loan is given as a certain percentage of the property's market value, usually around 40% - 60%.We organize Loan against property (LAP) from reliable bank or other lending institutions with simpler and easier documentation. This easier documentation supports the client in receiving better services at faster span of time. The LAP can be structured as combination of both a term loan with equated monthly installments and as an overdraft facility which provides with an option where the borrower he is required to pay interest only   on the amount withdrawn.

 
 
  Forex Advisory to Small & Medium Enterprises

Foreign currency transactions are subject to rate fluctuations which could impact corporate financials adversely, we advise clients on the daily currency movements to capitalise on the routine transactions & also on the various hedging options available to importers/exporters & other remitters\receivers of foreign exchange to mitigate the currency risk.

 
 
 

FEMA Advisory and Compliance Services
We provide advisory and compliance services encompassing the entire gamut of foreign exchange law as detailed below:

 
  • Residential status
  • Investment in Business in India directly and by floating offshore companies
  •  Setting up a branch/liaison/project office in India
  •  Portfolio investments in India
  •  Banking and remittances
  •  Property
  •  Gifts
  •  Inheritance
  •  Repatriation
  •  Direct investment outside India
  •  Setting up a branch outside India
 
 
 

Taxation Advisory Services

We specialize in providing multi areas taxation services to provide our clients solutions to various issues to their day to day matters as well as occasional matters. Our taxation services include advisory on Income tax, wealth tax, service tax & value added tax covering from routine compliances to effective tax management, tax structuring, planning for Mergers, Acquisitions, Demergers & re-organizations.

 
 
 

Business set up services

 
  • Incorporation of companies/Limited Liability Partnerships (LLP) in India
  • Conversion of firm/company to LLP
  • setting up companies outside India
  • setting up Branch offices/Liaison offices of foreign companies in India

 

 
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