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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.

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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.

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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

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Mr. Sujeet Natekar (Manager)
Elektra Chambers - 44, Mukund Nagar
Pune, Maharashtra - 411 037, India
Telephone: +(91)-(20)-24272013/ 30435400

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