We are a group of professionals with diverse financial background. We are practicing as Financial
 
needs to give us the details of the transactions before opening the L/c. so that we can take the
 
We also arrange medium term unsecured loan for up to Rs. 200 lacs at very competitive rate from
 
Working Capital and Term Loan Facilities – We arrange the working capital and term loan
Profile

We are a group of professionals with diverse financial background. We are practicing as Financial Consultants. We render services to corporate clients. We have among other services specialized in the field of Trade Finance.
We have been closely associated with few foreign banks such as Standard Chartered Bank, Deutsche Bank, ABN Amro Bank, Some leading nationalized banks as State Bank of India and their associate group and Private Sector Banks as ICICI Bank Ltd., HDFC Bank Ltd., and Federal Bank Limited. And Co-op sector banks like The Saraswat co-op Bank limited, Kalyan Janata Sahakari Bank Limited, The Shamrao Vithal co-op Bank Ltd.

1. S R FINANCIAL SERVICES – Dealing in trade finance in domestic as well as international. This division deals with more than 200 clients for their trade finance requirements. The products handled by this group are

LOCAL BILL FINANCING:

  1. Backed by Letter of Credit:

For first Class Nationalized banks And Private Sector Banks:
Irrespective of L/C usance of 30 to 90 days rate of interest will be 9.60 to 10.00 %

For L/C usance of 91 to 180 days rate of interest will be 9.55 to 10.20 %

For L/C usance of 360 days rate of interest will be 10.70 %

For L/C usance of 1050 days rate interest will be 10.70 % To 11.20 %

For Co-op Sector banks:
Rate of interest will be 10.20 %p.a to 11.25%p.a depend upon the L/c. opening bank.
 
Our Services Charges Minimum 1500.00 or 0.25 % p whichever is higher

  1. Backed by Accepted Hundies :

Rate of interest will be 12.00% p.a to 13.00p.a depend upon the client volume of business.

  1. Invoice Discounting :

Rate of interest will be 12.00% p.a to 13.00%p.a depend upon the client and volume of business.

  1. Purchase Bill Discounting:

Rate of interest will be 12.00%p.a to 13.00%p.a depend upon the client.

IMPORT FINANCING

  1. Supplier’ Credit

Procedure: applicant needs to give us the details of the transactions before opening the L/c. so that we can take the quote for the said transaction and necessary amendment can be made in opening the L/c.

Advantages: Financing is available @ the International rates @ LIBOR plus 100 basis points)
For the confirmed L/c. payment will be made immediately to the beneficiary where for the unconfirmed L/c. documents will be sent to the L/c. opening bank for the acceptance.

  1. Buyer’s Credit: It is a rollover of existing import L/c for additional required period. In this bank extend the L/c period and makes necessary amend mends for making payment to new financing bank.

Procedure: Applicant needs to inform the details & most important is due date at least before fifteen days of the due date. Quote will be taken @ LIBOR rate along with the application form in financing bank’s format.
Buyers credit without L/C – Procedure:  Required Copy of the Import Documents to get the Quote from funding Bank. Quote is obtained in the name of the bank. Clients Bank issued Swift for undertaking for making the payment. When the Swift is received, the funding bank remits with in 48 hours.

Advantages: financing will be arranged @ LIBOR plus 100 basis point plus the handling Payment will be made on due date to the Nostro Account.

Working Capital and Term Loan Facilities – We arrange the working capital and term loan facilities from prime Banks at competitive rates.

We also arrange medium term unsecured loan for up to Rs. 200 lacs at very competitive rate from foreign banks. Simple documentation and fast disbursal.
We will be glad to assist your company in above ventures.

You are welcome to contact the undersigned on below numbers for any clarification.