Untitled Document
 
 
Untitled Document
 
Enquiry
 
 
 
 
 
 
Export DA Bills Discounting Facility  
 

NOW GET CASH AGAINST YOUR 90 DAYS OPEN ACCOUNT EXPORT CREDIT BILLS

• 100% Protection in case of Default

• No Effect on present Bank Limits

• No Collaterals

• No L/C

• Non Recourse

• Discounting facility provided by:

US based NBFC

• Amount of discounting facility:

UP TO 2,000,000 US$ {Two million US$}.

• The term of the Facility:

12 Months.

• Discounting Amount Up to:

80% on eligible accounts receivable (Invoices)

• Maximum Credit Period Payment Term:

Up to 30, 60, 90 days from date of B/L

• Factoring / Discounting Commission:

0.75% Flat of the Invoice value for 90 days

0.60% Flat of the Invoice value for 60 days

• Interest rate on disbursed amount:

8.00 % p.a. Interest rates are subject to change depending upon market conditions.

• Facility Set-Up Fee One time set-up fee:

0.50% flat on the Facility Size deducted from the payment of first invoice.

• Document Handling Charges

As per actual.

• Security:

Assignment of invoices for approved buyers to xxxx Post-dated cheques for each shipment, as a security against commercial disputes /non-acceptance of goods by buyer. Demand Promissory Note for the size of the facility.

• Our service charges

1% flat one time of the face value of facility Payable on the sanction/signing of the facility agreement.

• Processing fees:

A nominal processing fees is applicable on case to case basis on acceptance of the proposals.

• Minimum export Turnover Above:

100 Lacs INR per year or 2,50,000US$.

***The above are indicative terms and are subject to change***

The countries we cover are:

1. North America: USA, Canada, Mexico

2. Western Europe: UK, France, Spain, Germany, Belgium, Holland, Italy, Poland,

Austria, Switzerland, Sweden, Denmark, Norway, Finland, Iceland, Ireland etc.

3. Middle East: UAE, Saudi Arabia, Kuwait, Qatar, Oman

4. Asia: Singapore, Hong Kong, Japan, South Korea, Malaysia

5. Australasia: Australia, New Zealand

6. Africa: South Africa, Mauritius

7. South America: Peru, Chile

Documents Required

1. KYC {attached}

2. Last three year’s audited financial statements – P&L, and Balance Sheet

3. Bank Statements for Business Account (Last 6 months)

4. Current A/R Aging Report

5. Customer/Buyers List

Click here to download Application Form
 
   
Untitled Document
KEY FEATURE
Discounting of Export DA Bills
Credit Facility for Importers
Banking Instruments
   
   
   
   
  HOME | ABOUT US | SERVICES | ENQUIRY | OUR TERMS FOR PROJECTS FUNDING | CONTACT US
Copyright 2010 Suryacapital. All right Reserveed