Ticket Size: ₹10 Crore – ₹75 Crore
Cash Credit (CC) & Working Capital Finance
High-Ticket Working Capital Limits from ₹10 Cr to ₹75 Cr for Manufacturing, Trading & Industrial Enterprises
Executive Overview
Cash Credit (CC) is a revolving credit facility sanctioned against hypothecation of current assets (raw material stock, work-in-progress, finished goods) and book debts. At CreditCares, we structure large-ticket CC limits and bank overdrafts for medium and large enterprises across Mumbai, Thane, Kolkata, Howrah, and Pune, ensuring optimal Drawing Power (DP) formulas and minimum collateral haircuts.
Target Borrower Profiles
- •Manufacturing & Heavy Engineering Units with annual turnover > ₹40 Cr
- •Pharmaceutical formulation & active chemical bulk traders
- •FMCG distributors, agricultural commodity aggregators & exporters
- •Automotive component ancillaries & metal fabrication plants
- •EPC contractors and logistics infrastructure conglomerates
Underwriting & Eligibility Metrics
| Evaluation Metric | Standard Requirement |
|---|---|
| Minimum Operational Vintage | 3 years of profitable commercial operations with clean audited books |
| Annual Turnover Requirement | Minimum ₹35 Crore audited turnover for ₹10 Cr+ facilities |
| Financial Ratios | Current Ratio > 1.33:1, DSCR > 1.40:1, TOL/TNW < 3.50:1 |
| Banking History | Clean bureau track record (CIBIL Commercial CMR-1 to CMR-4), zero SMA-1/2 or NPA tagging in last 24 months |
Financing Benchmark
Indicative Rate:8.25% – 10.50% p.a. (linked to Repo / MCLR)
Maximum Tenor:12 Months (Renewable annually upon audited review)
Min – Max Ticket:₹10 Crore – ₹75 Crore
WhatsApp Advisory DeskRequired Documents
Financial Statements
- • Audited Balance Sheet, P&L, 3CA/3CD Tax Audit Reports with all schedules for last 3 financial years
- • Provisional / CA-certified financials for the running fiscal year with monthly sales breakdown
- • CMA Data projections for subsequent 3 to 5 financial years with sensitivity assumptions
- • Last 12 months bank statements for all existing operational and current accounts
Statutory & GST Compliance
- • GSTR-1, GSTR-3B filings for the past 12 months with 2A/2B reconciliation
- • Income Tax Returns (ITR) of the enterprise and all promoter directors for last 3 years
- • PAN, GST Registration, MOA/AOA or Partnership Deed, Factory License, Pollution Control Board approvals
Stock & Debtor Records
- • Latest Stock & Book Debt statement with age-wise debtor classification
- • Top 10 customer and supplier contracts or purchase order backings
- • Existing sanction letters with track record / repayment repayment status