Established in 1986 in Mumbai, Maharashtra as a speciality wire ropes manufacturing company, Bharat Wire Ropes Ltd. is now a multimillion USD enterprise. The company has achieved new standards in the manufacturing of Strands, Wire Ropes and Slings for use in a varied list of application / industries such as General Engineering, Fishing, Elevators, Cranes, Material Handling, Onshore / Offshore Oil Exploration, Ports and Shipping and Mining.
Review of sanction
letters & analyzing various terms & conditions of credit limits offered
letters for banks for seeking various modifications/waivers in sanction terms.
CDR ( Corporate
Debt Restructuring ) working i.e Interest & Installment working of all term
loans & Cash Credit, EPC, PCFC & DVLC for
Checking as per CDR terms of interest & other charges related to term
loans, FITL , WCTL, Short Term Loan, Cash Credit, ICD given/taken, LC & BG,
reversal of Excess Charge recovered by bank related to Fund & Non Fund
submitting MIS for Limit Utilizations of Working Capital & reports related
to all dues & others to Management on weekly basis.
banks for Resolving queries & setting up of CC, LC & BG facilities for
smooth working capital operation, Involved in monthly LC planning, BG Planning
& tracking tracking Bank Limits & Utilisations..
related to working capital, term loans, FITL , WCTL, Short Term Loan, Cash
Credit, ICD given/taken, Commercial Paper, Margin, CC, LC, BG, Commercial
Vehicle, Interest & Capital Tufs Receivable & Determining financial
objectives to reduce financial charges and control in the areas of credit..
Claim Papers as per CDR to all Bankers & reconciled all loans.
Balance Confirmation of all Banks Facility / Lenders for Audit Purpose.
Monthly MIS / Reports :
for creating daily report on fund availability & utilization.
Weekly & Monthly Working Capital MIS and their various charges.
the charges and plan to reduce the various financial charges by effective
planning and cost reduction