Import Loan

A major gap has emerged in the current credit market which is making it very difficult for many small and middle-market companies to obtain financing. This is at a time when businesses need greater access to capital to pursue the attractive strategic opportunities present in the current environment. Maeve Capital has earned the respect of capable and aggressive top tier funding sources and leverages these relationships to arrange project finance for green-field as well as expansion projects. The loans are structured in such a way so as to match the cash flows of the company and the debt servicing capacity of the project/company. In addition to helping raise debt within India using the conventional methods such as bank loans, term credit, warehousing credit, factoring and import/export financing, Maeve Capital also offers its clients a number of non-conventional ways to raise debt namely:

Import Finance Service

Import Finance Services

trade finance service

Trade Finance Service

Import Finance Services

We help companies take control of tomorrow. Build your business with the power of our unique business intelligence. Trade credit insurance covers your receivables due within 12 months so that your cash flow is safeguarded. Our information tracks the financial health of your customers and we update you so that you can trade with confidence. If your customers become insolvent or fall into protracted default, you will be indemnified for the cost of goods and services you have delivered.

Trade Finance Service

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. The overseas Banks usually lend the Importer (Buyer) based on the Letter of comfort (a Bank Guarantee) issued by the Importers (Buyer's) Bank. Importers Bank / Buyers Credit Consultant / Importer arranges buyers credit from international branches of a domestic Bank or international banks in foreign countries. For this services Importers Bank / Buyers credit consultant charges a fee called arrangement fee. Buyers credit helps local importers access to cheaper foreign funds close to LIBOR rates as against local sources of funding which are costly compared to LIBOR rates. The duration of Buyer's credit may vary from country to country, as per the local regulations. For example in India, Buyers credit can be availed for 1 year in case the Import is for trade-able goods and for 3 years if the Import is for Capital Goods. Every six months the interest on Buyers credit may get reset. Benefits of Buyer's Credit to Importer: The exporter gets paid on due date; whereas importer gets extended date for making an import payment as per the cash flowsThe importer can deal with exporter on sight basis, negotiate a better discount and use the buyers credit route to avail financingThe funding currency can be in any FCY (USD, GBP, EURO, JPY etc.) depending on the choice of the customerThe importer can use this financing for any form of trade viz. open account, collections, or LCsThe currency of imports can be different from the funding currency, which enables importers to take a favorable view of a particular currency Steps involved in buyer's credit: The customer will import the goods either under DC, Collections or open accountThe customer requests the Buyer's Credit Arranger before the due date of the bill to avail buyers credit financingArranger to request overseas bank branches to provide a buyers credit offer letter in the name of the importer. Best rate is quoted to importerOverseas Bank to fund Importers nostro account for the required amountExporters bank to make import bill payment by utilizing the amount credited (if the borrowing currency is different from the currency of Imports then a cross currency contract is utilized to effect the import payment)On due date existing bank to recover the principal and amount from the importer and remit the same to Overseas Bank on due date Cost Involved: Interest cost: This is charged by overseas bank as a financing costLetter of Comfort / Undertaking: Your existing bank would charges this cost for issuing letter of comfort / UndertakingForward Booking Cost / Hedging CostArrangement fee: Charged by person who is arranging buyer's credit for youRisk Premium: Depending on the risk perceived on the transactionOther charges: A2 payment on maturity, For 15CA and 15CB on maturity, Intermediary bank chargesWHT (Withholding Tax): The customer may have to pay WHT on the interest amount remitted overseas to the local tax authorities depending on local tax regulations. In case of India, the WHT is not applicable where Indian banks arrange for buyers credit through their offshore offices

Financing

Trade Finance Service

Import Finance

Car Finance Available

Trade Finance Service

Imports Finance

Finance To Importers

Import Finance

Import Finance Service

finance available