Services
Over the years the financial scene across the globe has been very fluid.
Covid 19 has changed and compelled the way corporate were managing their resources.
Mudita Procredit Advisory Services LLP is well placed to be reliable advisory firm to assist your business requirements at different stages with host of services.
- Debt-Fund
Raising - Debt
Substitution - Debt Restructuring for
Stressed Account - Strategic And Financial
Advisory Services - Retail
Loans - Merger &
Acquisition
We enable companies to access funds from financial Institutions in the form of:
Working Capital – Cash Credit and Overdraft facilties
Working capital assessment is our expertise. It varies from industry to industry with different operating cycles. Right measure of working capital required is critical to address the cash flow requirements of a company. We assess business cash flows, order book, business receipts, payment cycles, business income and expense cycles and other business factors that may be dynamic but critical to capture the typical working capital requirement of a client. No two businesses will have the same working capital requirements, so ensuring customized solutions is vital.
We also advise clients to opt for Overdraft facility where submission of monthly stock statements/ level of receivables is a challenge from the perspective of sustained eligibility of drawing power. However, in such cases, banks insist on atleast higher level of collateral.
Stressed Asset Funding – Cash Credit and Overdraft facilties
Structured Debt : Company has expertise in resolution of stressed assets and arranging funds for OTS/ Working Capital/ Capital expenditure ( Rs.150 Cr and above) from international Special Situation Funds. Depending the long term sustained viability and security available, the debt is arranged.
Project Finance - Term Loans
Assessing the funding required for a new project is indeed complex. A project underfinanced will most likely fail and conversely a project overfinanced will adversely impact viability (cost of project is in direct co-relation to long term sustained viability in the face of global competition).
We assist companies to prepare the project report to holistically capture the various risk associated with a new project (technology, size of operations, profit margins, sensitivity, leveraging, management expertise, etc) and advise companies to address these risks appropriately.
With the scope of growth in the economy and demand in the industrial sector being addressed by private players, more and more companies are requiring project finance or term loan for expansion. We advise and arrange project finance, term loans and other long-term credit solutions for new and existing projects across sectors.
External Commercial Borrowings (ECB)
We advise and arrange LIBOR-linked foreign currency loans from overseas lenders in the form of ECBs. These types of loans are more suitable for companies which earn revenues in foreign exchange and have a natural hedge against fluctuations in currency.
Equipment Finance
Certain institutions have developed expertise in offering equipment finance or machinery loans for purchase and upgrading equipment easily. Generally each of these institutions focus on few types of equipment, since they understand certain sectors very well, having a large client portfolio and strong networks with equipment manufacturers. Advantage of equipment finance versus a regular term loan is that these lenders offer quick turnaround times and provide loans at lower margins and collaterals.
Leasing
Operating leases are considered a form of off-balance-sheet financing—meaning a leased asset and associated liabilities (i.e. future rent payments) are not included on a company's balance sheet. This enables companies to keep large sums of assets and liabilities from being recorded on the balance sheets, thereby keeping the debt-to-equity ratios in check.
Factoring
Factoring is the sale of company’s accounts receivable to a buyer (or factor), that lets the company access cash on the strength of it’s customer credit. Many companies need additional cash flows to support seasonal demands, growth, and more and can access factoring services.
Real Estate Structured Loan
Real Estate is one of the most active sector in terms of fund raising and depending on the strength of the developer’s balance sheet and projects at hand, specific products can be structured to suit the specific needs/cash flow requirements of the borrower.
Loan against NA Land/ Industrial land with clear title
We can arrange for loan against NA Land with clear title from a NBFC
Lease rental discounting (LRD)/ Loan against Property (LAP)- Rs.10 Cr and above)
We can arrange these facilities at very attractive terms and Banks/ NBFCs with repayment period of 1 years and 12 years in case LRD.
With the increase in competition, companies are constantly striving to bring down the interest costs/ leverage on existing collaterals and bring down margins (security deposit) on non-fund based facilities (bank guarantee/ LCs).
As we understand the products/schemes of various banks and changes in their credit policies, we are able to provide debt substitution option with improved commercial terms like interest rate, collaterals, extended time periods, etc.
In most cases, it is observed that existing banks do not increase their exposure, even though the loans over a period of time get repaid and collateral to loan ratio increases significantly compared to when the loan was sanctioned.
We ensure that the savings in interest costs (on a long term basis) provides viable alternative by debt substitution, though initial costs ( documentation / processing fee) may offer only marginal advantage in first year.
Stressed Assets have in recent years increased substantially and banks have triggered legal options including invoking provisions of Sarfaesi Act 2002 ,DRT and NCLT.
Our expertise lies in suggesting ways & means to revive a company and save the capital invested by promoters and banks (capital is scarce in a developing country like India), evolve a plan to re-establish the viability and help the ailing company achieve a turnaround if the business potential is positive, market outlook is good, company has the infrastructure to scale up operations and promotes are able to re-invest in the project along with banks.
Debt Restructuring For Stressed Account
Thorough evaluation of the business plan and revenue model
Establish the critical reasons for failure of a business
Measures to address the various factors like restarting plant / increasing scale of operations, assessing working capital to manage the business, clearance of statutory dues, improve product costing, etc
Assessment of defaults to banks/ others and prepare a plan to arrive at the sustainable debt levels
Innovative debt restructuring scheme (our strength) where the company will be able to achieve a turnaround in the interest of all the stake holders
Workings for Banks who have invested by way of loans should be able to mitigate their sacrifices/ loss on successful implementation of the revival scheme
Process which ensures that the revival scheme is in compliance with norms set by Reserve Bank of India as also the scheme of the lending bank/s
Some of the Restructuring Transactions handled:
Electrica Engineers P Ltd
Garuda Group of Companies
GSFC - Fertilisers (Rs.1400 Cr)
GACL – Chlor Alkali (Rs.400 Cr)
Searchchem (now merged with UPL) – Chlor Alkali (Rs.140 Cr)
ITC Bhadrachalam (now merged with ITC) -- Paper Boards (Rs.200 Cr)
RayalseemaAlkalies (Chlor alkali) (Rs.130 cr)
Ganpati Sugars(sugar) (Rs.60 cr)
Vijayjyot Seats (auto ancillary) (Rs.35 Cr)
Techni BharthiPvt.Ltd (Infrastructure) (Rs.20 Cr)
Bhagiratha Engineering (Infrastrucure) (Rs.100 Cr)
IMP Power (OTS) (Rs.10 Cr)
Vanity Jewels (OTS) (Rs.10 Cr)
GIPCL (Transaction structuring)(Rs.200 Cr)
Shivshakti Grains (Rs.25 Cr)
Sample Restructuring assignments handled:
Textrade International (Rs.225 Cr)
Our Clients engage us on long term basis to work on Costing, fund flow planning, growth strategies, top management recruitment process. We use our experience and network to assist the clients and even participate in the Board Meetings as special invitees. We bring on table all the recent taxation schemes, RBI Policies, Government initiatives which can help company to derive financial benefits.
Over time we have helped our corporate clients with fund raising for their personal requirements, such as purchasing a personal asset or raising funds to invest in their companies. With that experience we have started a division which will focus purely on retail fund raising for our own corporate clients and clients sourced externally for the purpose. The fund-raising avenues we provide are as follows:
Lease Rental Discounting (LRD)
LRD work on the premise of rental properties being owed a fixed amount of rent. Tenants enter into a lease with the owner of the property. This agreement mandates a regular payment which is known as rent. The property owner can use rental receipts drawn up for the duration of the lease as collateral while applying for a loan. The process is streamlined as rent is transferred directly to the bank as EMI instead of going to the owner. Each bank has its own criteria as far as the amount of the loan against property is concerned. But, on an average one can get up to 70% of the property valuation in loan amount.bility of drawing power. However, in such cases, banks insist on atleast higher level of collateral.
Loan Against Property (LAP)
LAP is a secured mortgaged loan offered by banks and financial institutions using one or more commercial property and residential properties offered as collateral. In a LAP the property is mortgaged and a fixed percentage of the prevailing market value of the property (normally between 60-70% of the value of the property) is given to the borrower as a loan. Though such a property is mortgaged to the lender, the borrower is still allowed to continue using it for residential or commercial purposes.
Unsecured Loans (Business loans)
Business Loan is a great option when it comes to expanding your existing Business or starting something new. Some of the salient features of Business Loan are as follows:
Collateral Free - Business Loans are unsecured loans which mean that no security or collateral is required to apply for a Business Loan.
Fixed Interest Rate - Business Loan Interest Rates are fixed, which means the Interest Rate will not change for the entire Loan Tenure. The Interest Rate of Business Loan generally starts from 13% onwards.
Flexible Repayment tenure - The Loan Applicants can get flexible repayment tenure up to 5 years, generally restricted to 3 years
Loan Amount - The loan amount that one can avail from each institution ranges from Rs. 5 Lakhs to Rs 75 Lakhs. It mostly depends on the financial credibility of the borrower
Minimal Paperwork and Fast Processing - Since loans are unsecured, it requires minimal paperwork
Home Loans
Home loan is a lump sum amount of money borrowed from any financial or banking institutions to buy a house. Home loan consists of two types of interest rates named as fixed and floating interest rates. As per the chosen interest rate, consumer repays the loan in form of EMIs for the desired tenure.
The SME Sector is turned very competitive with global players (mainly China) making foray in almost all the sectors in India. The SME which is primarily a family run business also faces the challenge of next generation not inclined to commit to manufacturing sector. Further, the ever-changing technology has created cheaper substitutes for conventionally manufactured products, giving rise to obsolescence and business failure in the absence of technology upgradation and investment.
On the other hand, in the medium scale businesses, there is a consolidation happening in most of the sectors with forward/ back integration to strengthen the sustained profitability and gain strategic advantages in the competitive market scenario.
We have handled few transactions - buy side and sell side and understand the sensitivity of non-disclosure and have prowess to ensure that the deal is priced to the advantage of the party we represent.