Case Study – Cleaning the Unwanted
A Bangalore based service provider for Industrial Water Purifier is having an annual revenue of ₹ 16 crores. The firm acquired a piece of prized property and the finance has been arranged through short term finance. The product offered by the Banker is Cash Credit.
The client came to aagey for unsecured Business Loan as he does not have the required drawing power even having sizable Cash Credit limit. The automated assessment model highlighted that the short-term fund has been used for acquiring fixed assets. Client agreed to rectify the fund mismatch and entire working capital limit was reworked according to suitability of the client and a portion was carved out as WCTL to help withering out the drawing power issue.