• To manage and detail the issues related to Finance and the Group Treasury
• To enhance the skills of personnel within Group companies for the efficient management of funds and foreign exchange risks
• To update them on recent amendments/implications in money and foreign exchange markets

Areas of Service

Implications of changing monetary & Forex environment: This implies evolving guidelines for financing working capital needs, using a mix of financial instruments to minimize interest costs, concentrating on loan acquirement methodologies, sourcing foreign currency debt and studying emerging trends in the forex and money markets.

Raising Resources: Analyzing the possibilities of raising foreign currency through Buyer's Supplier's Credit (Imports), Pre & Post-Shipment Credit (Exports), FCNR (B) Loans for working capital, Overseas Bill Discounting/ Forfeiting (Exports) or sourcing liquid capital through Bill Discounting Scheme - SSI & Others Inter-corporate Deposits, Unsecured Short Term Debentures, Cash Credit/WCDL/ Packing Credit, Fixed Deposits etc. Similarly for raising long-term resources the possibilities of Syndicated Loans through MOF for Exporters/Others, from Indian Financial Institutions or Suppliers Credit can be overviewed as also Loans from Financial Institutions, Private Placement of Debentures with UTI, LIC, GIC et al, Public Issue of Debentures, Corporate Loans and Leasing facilities.

Surplus Resources Deployment: This includes the management and decisions pertaining to Inter Corporate Deposit, Fixed Income Mutual Funds, Corporate Debentures/PSU Bonds/ Financial Institution Bonds and availing cash discount on payments to Suppliers.

Foreign Exchange Risk Management: This pertains to formulating Exposure Policy depending upon the risk profile of the Corporate, whether high, moderate or minimal risk.

Understanding the implication of Derivatives & Forwards, MIS, Budgets & Financial Feasibility: The services herewith can be underlined as -
Institutionalizing the system of Budgets & MIS
Setting up a review mechanism to ensure right action at appropriate time
Setting up a system to conduct financial feasibility of any major capital expenditure based on predefined parameters such as: Return on Equity, Rate of Return on Projects, Pay Back Period and Debt: Equity Norm