Channel Financing Scheme Policy
CHANNEL FINANCING SCHEME POLICY
Objective
A structured program to ease payments from Dealers of DAIPL by providing them with a flexible funding facility.
Purpose
To be used by dealers exclusively for payments to DAIPL towards purchases of goods from DAIPL.
Note – This arrangement can not be used for any other purpose(s) other than purchase of goods from DAIPL and payment towards that purchase.
Applicability Clause
1. Dealers who fulfilled following criteria will be eligible for availing facility under this scheme;
a. General Clause
i. signed dealer agreement with DAIPL ii. deposited security deposit with DAIPL iii. completed minimum 6 months of dealership with DAIPL iv. have minimum business experience of 3 years in air conditioning industry
v. no default in payment to DAIPL during preceding 1 year vi. is not under defaulter’s list of RBI/ ECGC vii. Neither of director/ promoter etc. of dealer is in arrear/ default of any facilities availed from YES BANK LTD. / group companies of YES BANK LTD. viii. non of the facilities from YES BANK LTD. / group companies of YES BANK LTD. have been restructured ix. Should not have one-time settlement with YES BANK LTD. / group companies of YES BANK LTD.
x. is not a sick/ potentially sick/ referred to BIFR
b. Financial Clause
i. Have minimum turnover of Rs.20 million as turnover in last audited financial. ii. Positive PAT (Profit after Tax) and Net Worth for the last 2 years. iii. TOL/ATNW should be less than 4. 2. Facility will be provided only when recommended by DAIPL and approved by YES BANK LTD. bank after completion of internal due diligence of YES BANK LTD.
Note –
1. DAIPL and/or YES BANK LTD. Bank reserve(s) the right to add/change/delete any of the clause(s) at their own discretion at any time without assigning any reason(s).
Limit Assessment of Dealers
1. Overall limit of each dealer shall be ‘limits as recommended by DAIPL’.
Cash discount
1. All billings to dealers under
Objective
A structured program to ease payments from Dealers of DAIPL by providing them with a flexible funding facility.
Purpose
To be used by dealers exclusively for payments to DAIPL towards purchases of goods from DAIPL.
Note – This arrangement can not be used for any other purpose(s) other than purchase of goods from DAIPL and payment towards that purchase.
Applicability Clause
1. Dealers who fulfilled following criteria will be eligible for availing facility under this scheme;
a. General Clause
i. signed dealer agreement with DAIPL ii. deposited security deposit with DAIPL iii. completed minimum 6 months of dealership with DAIPL iv. have minimum business experience of 3 years in air conditioning industry
v. no default in payment to DAIPL during preceding 1 year vi. is not under defaulter’s list of RBI/ ECGC vii. Neither of director/ promoter etc. of dealer is in arrear/ default of any facilities availed from YES BANK LTD. / group companies of YES BANK LTD. viii. non of the facilities from YES BANK LTD. / group companies of YES BANK LTD. have been restructured ix. Should not have one-time settlement with YES BANK LTD. / group companies of YES BANK LTD.
x. is not a sick/ potentially sick/ referred to BIFR
b. Financial Clause
i. Have minimum turnover of Rs.20 million as turnover in last audited financial. ii. Positive PAT (Profit after Tax) and Net Worth for the last 2 years. iii. TOL/ATNW should be less than 4. 2. Facility will be provided only when recommended by DAIPL and approved by YES BANK LTD. bank after completion of internal due diligence of YES BANK LTD.
Note –
1. DAIPL and/or YES BANK LTD. Bank reserve(s) the right to add/change/delete any of the clause(s) at their own discretion at any time without assigning any reason(s).
Limit Assessment of Dealers
1. Overall limit of each dealer shall be ‘limits as recommended by DAIPL’.
Cash discount
1. All billings to dealers under