We use innovative ideas and professional expertise in the successful recovery of old and bad debts. We not only help you in recovery but also advise you on steps to track your account receivables in a systematic manner which thereby enables you to significantly increase the cash inflow.
Listed are our support in various Services and a glimpse of our work ethics including the legalities we follow :
Services Models
- SUCCESS BASED FEE or NO RECOVERY- NO FEE
- PROJECT-BASED FIXED FEE
- RETAINER SHIP FEE
- FREE-CONSULTATION ( 30 MINUTES) FOR START UPs
Applicable Laws
- INDIAN CONTRACT ACT 1872
- COMPANIES ACT 2013
- ARBITRATION AND CONCILIATION ACT 1996
- LIMITATION ACT 1963
- COMMERCIAL COURTS ACT 2015
- SALE OF GOODS ACT 1930
- RECOVERY OF DEBTS AND BANKRUPTCY ACT 1993
- RIGHT TO INFORMATION 2015
- MSME ACT 2020
- NEGOTIABLE INSTRUMENTS ACT
- INDIAN EVIDENCE ACT 1872
Recovery Method
- AMICABLE SETTLEMENT PROCEDURE (OTS, INSTALMENT)
- LITIGATION SETTLEMENT PROCEDURE ( THROUGH COURT, TRIBUNALS)
- INVESTIGATION AND AMICABLE SETTLEMENT ( TRACING, RECONCILIATION, MEDIATION, DISPUTE ADDRESSING, SETTLEMENT)
- EXECUTION OF COURT DECREES
- BAD DEBTS RECOVERY:-
Bad debts are anticipated at some point of time in any Business. The negligence or ignorance of Standard Procedures that are not implemented within the functional protocols of the organisation often leads to Bad Debt at a higher rate. This contributes to the obstruction of the growth of the organisation thereby reducing its profitability. The Organisation then resorts to borrowing and incurring additional costs to run the same.
We work with innovative and creative strategies to recover Bad Debts and support our clients in improving their Organisation’s Profitability and easing their fund crunches within the company. We conduct specifically focused drives to reduce Bad Debts and handhold them as they progress towards Success.
We dedicate our time of about 3 years and Debtors/ Outstanding Parties are taken as a project to work on in a 3-6 month time frame to complete the task which includes reducing Bad Debts and cleaning up Books in an authentic and organised manner. This work is executed on a Success Based Fee or on a “No Recovery, No Fee ” basis.
- LEGAL RECOVERY:-
When the customer issue is either not addressed on time or neglected by the team, the Payment issue blows up and gets tough to handle. Such situations may attract the Court’s intervention. This type of service generally is solved with additional charges over an extended period of time. When the customer / Client is with an adamant mentality, egoistic or cheating mentality the probability may arise to pull them to court to draw their attention to address the pending payments.
- CORPORATE LEGAL SERVICES:–
1. Agreements, Contracts, MOU, Warranty Certificates: We provide services like preparation and Scrutiny of Contracts, Agreements, Work Orders and Purchase Orders to our clients following the current risk assessment methodology.
2. Cheque Bounce, Legal Notice Reply, Issue of Legal Notice: Our team is well trained to take care of Cheque Bounce cases, Recovery Cases, issues of Legal Notices as well as effective replies to Legal Notices creating a turbulent free atmosphere for our clients when such legal issues arise in Business.
3. Corporate Fraudulence detection and control: Any kind of corporate fraudulence where an external team or insider team of the organisation is involved, is identified, addressed and controlled efficiently by us. In recent days this kind of fraudulence is seen incorporated due to the in-authenticity of few Employees and customers or clients, causing a threat to the organisation. This kind of fraudulence is subtle and not identifiable easily or quickly Rather the suspected Fraud would surface over some time.
- CREDIT CONTROL SERVICES:
1. Credit Verification Services:- We provide Credit verification of corporates for you to assess the credit limits to fix to particular customers or clients.
2. Corporate due diligence:-The financials of Corporates and Directors like history tracking and assessing the credit levels or scores to make you comfortable in dealing with them in your business in future is an important aspect of your decisions. Our service here helps in the assessment of risks involved and addressing the same on time with less cost.
- START-UP ADVISORY SERVICES:-
If you are planning to start your own business, it is advised to take advisory services from any professional before jumping into the variable income and variable risk industry i.e, into business. Sometimes people start as passive income businesses instead of main businesses, however, we strongly recommend to contact us for better advisory services at the time of starting your business of any nature or kind. We are too keen on supporting young, first-generation entrepreneurs.
- WORKING CAPITAL SERVICES:-
If you are applying for a bank Over Draft or private funding please look at your receivables first and assess the situation to repayment against the borrowed capital and interest without hassle. In this area, we support you for your borrowing capacity and probability to enhance your limit of funding based on your recovery of the debtors smoothly through our services. If you are applying for private funds through NBFCs, Private Banks, Private Investors etc., pre-assessment of repayment capacity will surely help a bright future for the organization.
