Pharmaceutical
A listed pharmaceutical client had approached us to have his existing credit facilities with a particular bank reviewed. He intended us to have additional credit facilities raised for purpose of working capital requirement.
We assessed his existing credit facilities and pointed out to the client by that by changing the type of credit facilities and the bank / financial institution we can save upto 150 basis points of interest outflow over a business cycle.
We executed the change of credit facilities and set them up with new lender and the result exceeded client’s expectation. Over the last decade we have raised funds for him a number of times, every time delivering on client’s expectation.
Mineral Conversion
A Mineral Conversion company had huge debts due to large scale capital expenditure. Post being termed as NPA the restructuring proposals were rejected due to non viability. Further the debts were assigned to an ARC for recovery of the dues. The promoter was optimistic of the business revival. We created a proposal and got it pitched to investors for business revival. We got onboard a willing investor who was willing to run the plant on a long term basis and repay the debts to the ARC over a period of time. The proposal was accepted by ARC and the company was revived.
Paper Manufacturing
A Paper manufacturing unit was termed NPA and the physical possession of the assets was undertaken by the banks. We undertook the assignment and presented the feasibility and viability study to the banks further presented a restructuring of debts proposal to the banks. The proposal was accepted and the debts of the company were restructured.
ITES
An ITES Company was termed as NPA and the bank had initiated all legal and enforcement actions on the company and its promoters. The promoter approached us, and we undertook the assignment. We understood the current situation on hand and the real time situation was even explained to the bankers. With our arbitration skills and problem solving acumen we were able to settle the debts of the company as a ONE TIME SETTLEMENT with the banks. During the process of ONE TIME SETTLEMENT we enabled the company to run its operations and maintaining a staff strength of approximately 5000 employees.
Plastic Consumable
A plastic consumable manufacturer’s bank facilities was termed NPA and we were providing him with advise for the dealing with the NPA scenario for last couple of years.We achieved a One Time Settlement of the dues of the company with the bank and the payment for the same was due in a time period of 60 days from the OTS sanction date. The promoter was unable to sale the properties and we arranged funds from investors against the mortgaged collateral properties. The OTS payment was honoured and the promoter was awarded no dues certificate.