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In infrastructure the projects on the unused lands where there is no need to remodel or demolish an existing structure are called Green Field Projects which is what the Textile park is.
At a glance
The scale of the project was INR 1.180 Mn
Creation of a Textile Park in Maharashtra
Our Approach
The Backbone of any organization would be to avail funding either via an internal source or through financial institutions and/or others. We were appointed by the company to assist them in availing project funding from a bank with the condition that the company shall not be providing any secondary collateral and personnel guarantee from all the directors except key managerial persons. We successfully executed the task as follows:
- We chose to work with National banks rather than any private banks and/or co-operative banks since the total project size involved was INR 1,180 Mn.
- Right from the preparation of the project report to getting the same disbursed all the activities were being handled by us including getting DPR, valuation, and others.
- No prior agreed to terms and conditions as decided before the start of the project were altered and funding was sanctioned without any additional secondary collateral and personal guarantee as required.
- The project was a Green-field project. A Textile park needed to be developed in Maharashtra. Thus we had to ensures that all government compliances were being followed by the company
- Guided the company about the impact of various Indirect Taxes and Direct Tax including compliance under the Companies act 2013.
The Result
- Successful project approval from nationalized bank and disbursement made.
- Project Started with in the Specified Time lines