To facilitate our trading activity, we are capitalizing on our financial strength, as we currently enjoy over USD 25 million credit lines with various first class international banks in Hong Kong. Further, we have secured commitment from our bankers to support increasing working capital requirements in line with our future plans to grow and expand.
We extend suitable credit terms to our customers depending on the nature of transaction and credit worthiness of the country and customer involved.
As a part of our trading strategy, our purchases are always on FOB terms from producers / manufacturers thereby providing prompt payment and liquidity immediately after shipment. Under collateral management services, we also make advance payments against warehouse receipts for cargoes inspected and stored in bank-approved warehouses.
With creative thinking and conservative expectations we follow set trading norms and make good use of the latest IT systems & processes to manage the risks involved in our core businesses. Quarterly audits and timely evaluation of financial results enable us to bench mark against industry best practices and raise our standard of performance. |