H. Saraogi & Associates Park Street, Kolkata, West Bengal

The company offers services for the sourcing of the Working Capital Loan and is based in Kolkata. The Working Capital Loans can include Cash Credit, Over Drafts, Packing Credits and Post Shipment Finances. The experience of the company and the astute team of the company ensure that the clients get the best Working Capital Loans on favorable terms.Working Capital Loans Include Cash Credit : Working Capital is also known as Cash Credit. Cash Credit is a facility to withdraw the amount from the business account even though the account may not have enough credit balance. The limit of the amount that can be withdrawn is sanctioned by the bank based on the business cycle of the client and the working capital gap and the drawing power of the client. This drawing power is determined, based on the stock and book debts statements submitted by the borrower at monthly intervals against the security by hypothecating of stock of commodities and/ or book debts. The excess withdrawal of cash is made generally on demand from the customer and the customer has to pay interest on the excess amount he/she has withdrawn. The Cash Credit facility is quite useful to those businesses where cash payment like wages, transportation, cash purchases are to be made and the receivables are not realized in time. We assist our client in availing various other forms of credit facilities. Over Draft Over Draft Against Stock : Traders and manufacturers prefer availing the Over Draft facility against the stock. The value of the stock of goods is assessed by the bank or lending institute and against the same overdraft limit is sanctioned. The amount is gradually settled against the amount of sale of the stock. The value of stock is assessed by physical verification and from the purchase invoices and is ensured that it is fully paid for. Over Draft Against Receivables : Any kind of authenticated receivables like Bills Receivable, Rent Receivables can be pledged as security for the Over Drafts is known as Over Draft Against Receivables. The proceeds of all such receivables are routed through the Over Draft account and immediately settled against the overdrawn amount. However drawings can be allowed against fresh receivables. Thus the amount of receivables remains as a continuing security for all drawings. The bank or lending institute ensures that no other loan or obligation is availed by the customer pledging the same receivables. The amount of receivables and the time required to honor or materialize the receivables are the key factors to determine the limit of Over Draft. Over Draft Against Property : To Avail Over Draft Against Property you have to mortgage your property with the bank or lending institute to get Over Draft Against Property facility. The value of the property generally appreciates hence they are preferred as securities. On defaulting on the settlement of overdrawn amount the bank or lending institute may sell the property to recover the overdrawn amount with interest thereon and balance, if any, is returned to the customer. Packing Credit : Packing Credit is a loan/cash credit facility sanctioned to an exporter in the pre-shipment stage. This loan facilitates the exporter to purchase raw materials at competitive rates and manufacture or produce goods according to the requirement of the buyer and organize to have it packed for onward export. The lending institutions seek a Letter of Credit opened in favor of the exporter from the overseas buyer along with the irrevocable (cannot be canceled once drawn) Purchase Order favoring the exporter. Packing Credit facility will cover all the working capital needs of the exporter including raw materials, wages, packing costs and all pre-shipment costs. Packing Credit is available for generally a period of 90 days and the exporter has to pay lower rate of interest compared to traditional Over Draft or Cash Credit facility. Exporters use this facility so they can bid the most competitive price for export thus gaining more business opportunities for export. Post Shipment Finance : Generally exporters who have availed Packing Credit need finance to clear the Packing Credit availed. This can be done by availing the Post Shipment Finance from the lending institutes or banks. This advance or finance is made available by the lending institutes or banks in the form of export bill discounting facility on raising bills along with the shipping documents and according to the terms and conditions of the L/C issued in favor of the exporter. The usage period generally is between 90 to 180 days starting with the date of shipment. Seller's Credit (extended to exporter) or Buyer's Credit (Overseas Buyer) is the two options available under post shipment finance. It is a most preferred method to finance or fund the export receivables.

The company offers assistance for the procurement of the Project Loans. The Project Loans or the Project Finance is a long term financing of the infrastructure and industrial manufacturing projects based upon the projected cash flows of the project rather than the balance sheets of the project sponsors. Practically, a Project Loan also known as project financing, involves equity investors, known as sponsors, as well as banking and other financial institutions that provide loans to the operation. The Project Loan are most commonly non-recourse loans, which are secured by the project assets and paid entirely from project cash flow, rather than from the general assets or credit-worthiness of the project sponsors, a decision in part supported by financial modeling. The funding is typically secured by all of the project assets, including the revenue-producing contracts. project lenders are given a lien on all of these assets, and are able to assume control of a project if the project company has complications complying with the loan terms. We offer Project Financing Services by arranging Project Loans from nationalized banks at very competitive terms.Our Role We offer services to mid and large cap corporate in syndication of debt, as well as, in restructuring of existing debt. We advise our clients on the optimal capital structure depending on the company’s cash flows, growth prospects, industry-specific issues and nature of assets. For all the products, we offer a range of services under the category of debt syndication. The nature of these services varies from one client to another as per the nature of their businesses. We have dealt with almost all the banks and institutions in India. Our adherence to core values and neutral approach has resulted in an exclusive relationship with lenders. With “Out-of-the-box solution” approach, we devise win-win solution for lenders as well as the borrowers. Our in-depth knowledge about the market dynamics and focused experience has enabled us to advise perfect terms. Project ReportIt is the detailed work plan of the project. It is the estimated figures for various items so as to predict the future earnings of the project, on the basis of which the finance request is pitched to the banks, which to a great extent rely on the estimated figures to arrive at the financing decision. We provide Project Report preparation service, so that a favorable proposal could be pitched to the banks for project financing. CMA DataThe full form of CMA is Critical Monetary Analysis. It is required by Banks and other financial institutions, to introspect or study the minutes of balance sheet and other financial statements of a body corporate for financing their projects. In other words it is the detailed explanation of the balance sheet and other financial ratios of the Firm or any other Body corporate. We provide high quality CMA data preparation services that are well accepted by banks.

A Personal Loan is an all-purpose loan. It is absolutely hassle free and you can do virtually anything under the sky with the money, as long as you pay off the installments in time. It is an unsecured loan without guarantors, securities, hypothecation or any mortgages. With minimum paper work you can now get a personal loan to fulfill any dream/aspirations of yours or anyone special to you. Personal loans come in handy to immediately payoff huge outstanding amounts on your credit cards or other bills. Short term cash needs are best fulfilled by taking a personal loan. A personal loan can also be used to fulfill a business need as well.   Benefits Loan can be taken for tenures of up to 5 years. No security or collateral is required. Loan amount can vary from Rs. 50,000 up to Rs. 15,00,000. Minimal documentation and quick approvals. Repayment through easy EMI’s.  

The company is a Kolkata-based Service Provider offering assistance for getting Loans Against Property. The Loans Against Property or the Mortgage Loans are obtained by the mortgaging the asset with the lending institute. The value of an asset or property should be enough to qualify the sanction of the loan amount as needed by the borrower. The Loan Against Property (Mortgage loan) is opted for when the amount required is considerably more and cannot be raised by the means of Unsecured Loans and the repayment period is comparatively more than 5 years. Generally, the properties having appreciating value in market are considered good for Loans Against Property like Land, Residential or commercial premises etc. The lending institutions follow the procedure of assessing or the valuating the property to ascertain its market and future value and also the authentication of ownership. The borrower cannot mortgage the property not owned by him or her. In that case, the owner of the said property can be a co-borrower and share the liability towards repayment of the loan. This mortgaged property may be liquidated by the lending institute in case a borrower fails to pay the loan. The interest rates are higher than Home Loan but cheaper than Personal Loans or Loans Against Securities.Loans Against Property Include Loans Against Commercial Property Loans Against Residential Property Loans Against Industrial Property

We have emerged as a highly reliable Income Tax Consultant in Kolkata. Providing complete assistance for the Income Tax related issues of the clients, we deliver all-round assistance to the clients through the Income Tax Consultancy Services. The Income Tax Consultancy Services, which we are offering, are widely appreciated for their in-depth analysis of the clients’ needs and we offer highly customized solutions to the clients. The timely and efficient Income Tax Consultancy Services are delivered at cost-effective prices.   Tax AssistanceWe take a holistic view, combining industry insight with the technical skills of financial and tax professionals, economists, lawyers and our other in-house resources as necessary, to develop comprehensive integrated solutions. Our tax services include : Getting Permanent Account Number (PAN) Filing of Income Tax Returns E-filing of TDS Returns Consultancy on Income Tax Matters Faster process of Income Tax Refunds Consultancy on Tax Planning & Savings Maintenance of Income Tax Records Liaison with Income Tax Authorities Tax deduction account numbers Services related to withholding taxes

The purchase of a house or residential property is a dream come true in the present times. The Home Loans or Housing Loans have come up as an ideal arrangement for the financial resources that are required. We are one of the reputed companies offering full assistance in the procurement of the Home Loans. Any qualifying individual can avail a Home Loan subject to the purpose of owing a residence only. Home Loans are not sanctioned to purchase any commercial premises like shops, offices, warehouses or factories. Home Loan is a type of secured loan as the house or residence purchased is mortgaged to the lending institution till the full and final payment of the loan amount. This is a long term loan and the Home Loan repayment period could be anywhere between 5 years to 30 years. The rate of interest generally varies within the range of 8 % to 13% depending upon institution to institution. Floating interest and fixed interest are the available interest calculation options to the borrower of Home Loan/Housing Loan in India.

We are one of the well recognized Corporate Law Consultants, providing consultations and services in Company Law Matters. We assist clients from the very initial processes of company establishment to company maintenance process etc.Our Services Include Formation & Registration of Company E- Filing of Documents with MCA. Compliance under Companies Act, 1956 Getting the Company name changed. Sell / Purchase of Companies Obtaining of Digital Signature Certificate Formation of Section 25 Company (Non profit making organization) Declaration for registration of Memorandum and Articles of Section 25 companies Register of Attendance of Board and General Meetings Minutes Books of Board and General Meetings etc Getting Charge Registered Getting Director Identification Number (DIN) Maintenance of statutory records prescribed under Companies Act, 1956. Drafting of Director’s Report, Corporate Governance Report, Annual Report presentation Periodical advisory and / or retainer basis for Private Company / Closely held Company / Listed Company / Joint Venture Company / Section 25 Company for Company law related matters

The company offers complete assistance in the procurement of the Unsecured Loans. The company has long-term contacts with some of the leading Unsecured Loan providers and can effectively arrange for Unsecured Loans. Business Loans is also an individual loan taken to mitigate the business requirements. Business Loans sanctioning authorities generally seek a professional project report with immediate and future projections of business transactions, cash flow and gross profit. No collateral security, mortgage or group members’ guarantee is needed against the business loan.It is an unsecured loan. Business Loan is type of personal loan only but sanctioned to serve the purpose of running a small business. The criterion to get a business loan is not the status of the business but the personal status of finance or capacity of repayment.Many established business persons too sometimes find themselves in the need of funds and opt for business loan to raise the same. The lending institutions do not prefer to provide startup or seed capital to new business ventures and avoid risk, but are willing to provide funds to those who already have a running business. Generally this type of loan (Business Loan) is provided for business growth purpose.

We are a Chartered Accountants registered firm, under Rules 190 of Chartered Accountant Act, 1949 since 2002. We are based at Kolkata. H Saraogi & Associates caters to the needs of its customers to ensure that its customers keep pace with the rapid changing times. Based at Kolkata (West Bengal, India), we stand among dependable Auditing Services providers. We consider that providing Professional Auditing Services are top priority and that the firm does not view such services as a commodity. We do this by emphasizing the importance of audit quality in training programs and annual performance reviews.   Types of Auditing Services made by us : Statutory AuditsWe perform Statutory Audits of Public/Private Limited Companies in the Manufacturing/ Trading/ Assistance Areas, IT Companies, Nationalized Lenders, Economical Organizations, Non-Banking Finance Companies, Community Industry Venture (PSU), Non-profit Organizations, NGO, Resorts, Medical centers, Supportive Organizations and other little and medium-sized companies. Tax AuditsEvery company, Firm or Businesses whose income surpasses Rs.100 Lakhs or total claims from any occupation surpasses Rs.25 Lakhs in any previous year, is necessary to get its records precisely & punctually audited and obtain a review under the area 44AB of the Earnings Tax Act. We have a group of calm tax experts to perform such type of audits. Internal & Management AuditThe improving problem is to make sure awesome inner & handling management techniques to avoid unique or structured faults and omissions. Apart from, Protecting of valuable resources, sufficient department of power over key management places and strict conformity with the inner operating policies and corporate governance.

Loan Against Commercial Property

Loan Against Industrial Property

Loan Against Residential Property

The company offers assistance in the procurement of the Non Fund Limit Loans. Based in Kolkata, the company has long-term contacts with some of the well-known lending institutes. The Non Fund Limit Loans include Bank Guarantees, Letter of Credit and buyer Credits. The Non Fund Limit Loans can be availed at favorable terms through the company.Non Fund Limit Loans Include Bank Guarantee Performance Guarantee : The seller issues a Performance Guarantee or a Performance Bank Guarantee to ensure or give concrete commitment to the buyer through its bank. This method ensures the buyer the timely execution of an agreement to have the goods exported or delivered or services performed. In case the seller defaults on execution of the terms agreed upon the Performance Guarantee ensures the buyer the payment of the guarantee amount by the issuing bank. Generally, the Performance Guarantee is 10 percent of the total assignment or project value.rnFinancial Guarantee : Financial Guarantee or the Financial Bank Guarantee is a bond which is not cancelable and ensures the payment of the interest and repayment of the principal amount as per the schedule agreed upon by both the borrower and the lender. A guarantor to this debt security is liable to pay off the liability in case the first party or the issuer of the Financial Guarantee fails to make the payment. rnLetter of Credit Revolving Letter of Credit : Revolving Letter of Credit is used when the delivery of goods is in form of partial multiple shipments. Revolving Letter of Credit keeps on revolving and is not restricted to a single transaction. Revolving Letter of Credit (LC) can be utilized for subsequent business transactions over a period of time on a continuous basis to the extent of limit sanctioned. The sellerbuyer does not have to go to the bank for sanction of fresh limits every time he gets a new order for executing the same.rnBack to Back LC : A Letter of Credit (LC) is a mode of making payments for trade transactions. A Letter of Credit is a highly popular payment mode because it allows an importer or buyer to make secure payments to the exporter or seller. Back to Back LC, one Irrevocable Letter of Credit facilitates the seller to obtain another Letter of Credit. To obtain the Back to Back LC, the permission of the buyer or the applicant of the first Letter of Credit is not required. Back to Back LC is generally used by the middleman or agencies to hide the identity of the real suppliers or manufacturers. The seller can utilize this Back to Back LC as a security for his bank, to issue a Back to Back LC in “favor of his suppliers” in order to get a very competitive rate for his purchases and increase his profit margin in the process. Thus, this can very well be used by the seller to raise quick funds and complete his orders in the scheduled time. Such transactions originate when a seller receives a Letter of Credit covering goods which must be obtained from a third party who in turn requires a Letter of Credit. The “second” issuing bank looks to the first issuing bank for reimbursement after paying under the second letter of credit.rnRevocable LC : Revocable Letter of Credit means the payment against this LC can be revoked by the issuing bank. The buyer may either amend the Letter of Credit or cancel it without the approval of the seller. The payment against Revocable LC is not for sure and hence this type of Letter of Credit is not commonly used. The seller has meager chances to get loan against Revocable LC.rnIrrevocable LC – Irrevocable Letter of Credit cannot be canceled. This seller is assured of payment for his supply of goodsservices provided all terms and conditions of LC are conformed to. This mode of payment is generally used in international trade transactions. As the payment against this Irrevocable LC is guaranteed by the issuing bank and the holder of this Irrevocable LC (seller) can borrow short term finance from any other bank or lending institution at a very low rate of interest and within a very short time. rnBuyer Credit : Buyer Credit is a credit facility provided by an Indian bank or lending institution to the overseas buyer (Importer) to purchase goods or machinery from Indian exporter. Buyer Credit facility is extended for a specific period of time. Buyer Credit facility ensures safety and security of the payment to be received by the Indian exporter and the buyer or importer can have an agreement with the Indian bank or lending institution to settle the credit within a stipulated period of time at mutually agreed rate of interest and other terms.

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