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Finance and Loan Services for Industries

 

Electronica Finance Limited was established in the year 1993. Formally known as Electronica Leasing and Finance Limited, with the objective to provide Quick & Easy financial assistance to Micro and Small Enterprises (MSEs) for their plant and machinery requirements, , we introduce ourselves as a leading SME financial service provider

Hire Purchase 

Hire Purchase

Hire purchase is a type of installment credit under which the hire purchaser, called the hirer, agrees to take the goods on hire at a stated rental, which is inclusive of the Repayment of principal as well as interest, with an option to purchase. Under this Transaction, the hire purchaser acquires the property (goods) immediately on signing the hire purchase agreement but the ownership or title of the same is transferred only when the last installment is paid. The hire purchase system is regulated by the Hire Purchase Act 1972. This Act defines a hire purchase as "an agreement under which goods are let on hire and under which the hirer has an option to purchase them in accordance with the terms of the agreement and includes an agreement under which:

 

The owner delivers possession of goods thereof to a person on condition that
such person pays the agreed amount in periodic installments.

 

The property in the goods is to pass to such person on the payment of the last
of such installments, and

 

Such person has a right to terminate the agreement at any time before the
property so passes".

 

Hire purchase should be distinguished from installment sale wherein property passes to the purchaser with the payment of the first installment. But in case of HP (ownership remains with the seller until the last installment is paid) buyer gets ownership after paying the last installment.

 

 

Hire Purchase

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Term Loans & Micro and Small Value Loans 

Term Loans

For acquisition of asset, term loans from Electronica Finance Ltd. are available to the MSE segment. The details of documentation that need to be provided with the loan applications are shown here.

 

Application form.

 

Audited Balance Sheet and Profit Loss Account for last three years.

 

Current years sales/purchase figures month wise/ Customer wise.

 

Six months bank statement.

 

Net worth statement of Proprietor/Partners/Directors/Guarantor. 

 

Registered Partnership deed/Memorandum and Articles of Associations of Company.

 

SSI certificate.

 

Quotation/Performa Invoice  of asset/s to be purchased.

MEL is a product available with Electronica Finance Limited which serves the Micro and Small Industrial Sector. The loan Value would be in the range of 2-5 Lacs which takes Electronica Finance Limited to the bottom of the Industry.

Allied Services

EFL is associated with Small Industries Development Bank of India (SIDBI) to enhance their reach to Micro and Small industrial sector in India.




 

 

Term Loans & Micro and Small Value Loans

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Corporate Advisory Services (CAS) 

No two businesses are the same and the requirements of each client are different. The division works closely with its clients and provides well-researched professional advice, relevant to their business including expansion, divestment, acquisition and restructuring.

 

Our corporate finance team is a multi-skilled team of professionals who bring to bear their varied experience from diverse backgrounds.

 

Our expertise in structuring and our knowledge of domestic and international markets has enabled us to create a niche for ourselves in the area of Corporate Finance.

 

We deal with various financing institution to arrange funds in different categories:

 

25 lakhs to 1 crore

 

1 crore to 3 crores

 

4 crores to 100 crores

 

 

We have tip-ups with all major PSU private and co-operative banks.

 

The products we can arrange are of two types :

 

Fund- Based Limits

 

Cash credit

 

Working capital in foreign currency

 

WCDL in INR

 

Short term line of credit

 

Term Loans

 

External commercial borrowing (ECB) Term Loan

 

 

Non- Fund Based Limits

 

Letters of Credit(L.C)

 

Derivative Limits

 

Other customized products

 

 

 

Corporate Advisory Services (CAS)

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New Launches

Turn Mill Centre

Turn Mill Centre

Vertical Machining Center

Vertical Machining Center

Horizontal Borer

Horizontal Borer

Heavy Duty Vertical Machining Centres

Heavy Duty Vertical Machining Centres

Heavy Duty Double Column VMC

Heavy Duty Double Column VMC



Contact us

Mr. Sarang S. Sirdeshpande
Elektra Chambers, 44, Mukundnagar
Pune, Maharashtra - 411 037, India
Telephone:  +(91)-(20)-24272013/ 30435400

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