info@canbankfactors.com
Ph: 080 – 22420237/ 22420238/22420239

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WHAT IF FACTORING?

Factoring is discounting of your receivable thereby converting your credit sales into cash sales immediately. we purchase your receivables with recourse basis and give you immediate credits up to 80% to 90% of the value of invoices. On due date the buyer makes payment directly to ‘Factors’ and thus liability is cleared. Thus Factors ensures smooth funds flow to you.

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WHAT IF FACTORING?

Factoring is discounting of your receivable thereby converting your credit sales into cash sales immediately. we purchase your receivables with recourse basis and give you immediate credits up to 80% to 90% of the value of invoices. On due date the buyer makes payment directly to ‘Factors’ and thus liability is cleared. Thus Factors ensures smooth funds flow to you.

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Benefits of Factoring.

Ø Improves cash flows and liquidity. Ø Helps in improving your turnover. Ø Better credit management. Ø Improves profit and makes your balance sheet healthier. Ø Strengthens your bargaining power with your Supplier / Crediotrs. Ø Hassle free processing for availment of limit. Ø Complementary to WC limits availed from Banks. Ø Follow up of each invoice by Factor and collection of dues. Ø Providing “off Balance Sheet” finance. Ø Imporved Current Ratio, Gearing Ratio and Better Turnaround period.

  • Ø Improves cash flows and liquidity.
  • Ø Helps in improving your turnover.
  • Ø Better credit management.
  • Ø Improves profit and makes your balance sheet healthier.
  • Ø Strengthens your bargaining power with your Supplier / Crediotrs.
  • Ø Hassle free processing for availment of limit.
  • Ø Complementary to WC limits availed from Banks.
  • Ø Follow up of each invoice by Factor and collection of dues.
  • Ø Providing “off Balance Sheet” finance.
  • Ø Imporved Current Ratio, Gearing Ratio and Better Turnaround period.
  • Ø Improves cash flows and liquidity.
  • Ø Helps in improving your turnover.
  • Ø Better credit management.
  • Ø Improves profit and makes your balance sheet healthier.
  • Ø Strengthens your bargaining power with your Supplier / Crediotrs.
  • Ø Hassle free processing for availment of limit.
  • Ø Complementary to WC limits availed from Banks.
  • Ø Follow up of each invoice by Factor and collection of dues.
  • Ø Providing “off Balance Sheet” finance.
  • Ø Imporved Current Ratio, Gearing Ratio and Better Turnaround period.
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BENIFITS OF FACTORING

Ø Improves cash flows and liquidity. Ø Helps in improving your turnover. Ø Better credit management. Ø Improves profit and makes your balance sheet healthier. Ø Strengthens your bargaining power with your Supplier / Crediotrs. Ø Hassle free processing for availment of limit. Ø Complementary to WC limits availed from Banks. Ø Follow up of each invoice by Factor and collection of dues. Ø Providing “off Balance Sheet” finance. Ø Imporved Current Ratio, Gearing Ratio and Better Turnaround period.

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ABOUT FACTORING

  • FACTORING IS DISCOUNTING OF YOUR RECEIVABLE THEREBY CONVERTING YOUR CREDIT SALES INTO CASH SALES IMMEDIATELY.
  • WE PURCHASE YOUR RECEIVABLES WITH RECOURSE BASIS AND GIVE YOU IMMEDIATE CREDITS UP TO 80% TO 90% OF THE
    VALUE OF INVOICES.
  • ON DUE DATE THE BUYER MAKES PAYMENT DIRECTLY
    TO ‘FACTORS’ AND THUS LIABILITY IS CLEARED.
  • THUS FACTORS ENSURES SMOOTH FUNDS FLOW TO YOU.
  • IMPROVES CASH FLOWS AND LIQUIDITY.
  • HELPS IN IMPROVING YOUR TURNOVER.
  • BETTER CREDIT MANAGEMENT.
  • IMPROVES PROFIT AND MAKES YOUR BALANCE SHEET HEALTHIER.
  • STRENGTHENS YOUR BARGAINING POWER WITH YOUR SUPPLIER / CREDIOTRS.
  • HASSLE FREE PROCESSING FOR AVAILMENT OF LIMIT.
  • COMPLEMENTARY TO WC LIMITS AVAILED FROM BANKS.
  • FOLLOW UP OF EACH INVOICE BY FACTOR AND COLLECTION OF DUES.
  • PROVIDING “OFF BALANCE SHEET” FINANCE.
  • IMPROVED CURRENT RATIO, GEARING RATIO AND BETTER TURNAROUND PERIOD.

FACTORING

BANK (BILL DISCOUNTING)

  • Focused attention
  • Only routine handling
  • Off Balance Sheet Finance
  • On Balance Sheet Finance
  • Maximum 10% Margin
  • Higher margin on book debts  30-40%
  • Quick appraisal & Sanction
  • Normal Process
  • Longer Credit periods up to 120 days
  • Maximum 90 days only
  • Beyond MPBF
  • Restrictions on a/c of MPBF norms
  • Active follow-up of Factored debts
  • Only routine follow-up
  • PROVIDING FINANCE AGAINST INVOICES
  • SALES LEDGER ADMINISTRATION
  • DEBT COLLECTION SERVICE
  • CREDIT ADVISORY SERVICES
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About Us

CANBANK FACTORS LTD

A subsidiary of CANARA BANK,

a leading Public Sector Bank, reputed for its diversified and professional services. Incorporated in the year 1991, with Small Industries Development Bank of India(SIDBI) and Union Bank of India as co-promoters.

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The Chairperson is the Executive Director from Canara Bank and the Managing Director is an Executive in the top management cadre of Canara Bank.

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