Helped a trader to optimize working capital to reduce unsecured loans & interest cost.

Client Challenges

A client engaged in metal trading business approached PKC with the following challenges :

• Ineffective accounting structure
• High Statutory non-compliances
• Business net worth is not visible in the accounts
• No clue about the business profitability
• No bank support so obtained unsecured loans
• Huge interest cost on the unsecured loans

PKC Solutions

PKC helped the client with the following solution :

• Defined right accounting structure by merging 10 entities
• Restructured the balance sheet to gauge the actual business net worth
• Analysed income & cash flows & devised a financial strategy
• Created unsecured loan redemption program to reduce interest cost
• Ensured all statutory non-compliances are corrected
• Provided step by step advice to client to achieve their goals

Results