Warehouse Receipt finance (WHR)
Overview
Advance against pledge of Agro commoditie.
Features
- Seasonal facility to Agri enterprises storing their commodities in Government Warehouse
- Private Licensed Warehouse
- Third Party filed Warehouse
- Cold Storage under lock and key of bank approved collateral management agencies
Fees & Charges
Competitive & best in class Interest rates
Document Checklist
TAT :
- For loan amount less than 25 Lakhs, applications will be decisioned within 14 working days.
- For loan amount greater than 25 lakhs, applications will be decisioned within 45 working days
(Subject to submission of complete set of documents by the customer)
| Documentation | |
| Document Type | Document Name |
| KYC/Constitutional Documents:- | a) KYC of Directors/partners/proprietor & Guarantors. |
| b) Latest list of directors and shareholders as on date. | |
| c) Partnership deed / Certificate of Incorporation/Commencement | |
| d) PAN, Business License, Factory License, Udyam Certificate of Borrowing firm. | |
| e) Brief Profile of the Borrower since their incorporation, details of units, details of Activity, Business Model etc. | |
| f) Brief Description of Directors and guarantor including their education, work experience etc. | |
| Financials Documents:- | a) Complete financials along with tax audit Report (3CA/3CB, 3CD), ITR and COI of Firm of last 3 audited years. |
| b) Last 3 years ITR and COI of Directors and guarantors. | |
| c) GST Returns from April23 to till month | |
| d)Projected/estimated Balance sheet of next year. | |
| e)Debtor ageing for last 3 years. | |
| f)Sales bifurcation in terms of Domestic sales and export sales. | |
| g)Commodity wise Sale & purchase detail for last two years. | |
| Banking:- | a) CA/CC/OD/TL statements of Borrowing firm. |
| b) Latest Sanction letter of limit running. | |
| c) Debt profile including detail of all running loans with their sanctioned and outstanding amount as on date. | |
| Other Documents | a) Stock Statements for the last six months including party wise and aging wise details of Debtors and Creditors |
| b) Top 5 Customers and Top 5 Suppliers of the client including sales/purchase made with them and vintage details. | |
| c)Electricity Bills for last six months in case of manufacturing unit. | |