Mar 04 2019

Tirupur based garment exporter – TPO service

Case: Client is a garment exporter in Tirupur, Tamil Nadu with exports worth INR 100 cr annually to U.S. and Europe and bills majorly in Euro. Client was dealing with a PSU bank and had credit limits with the bank but seldom utilized them.  The client was being charged a margin of 8 paise per

Feb 22 2019

USD200m pharmaceuticals company – Trade Finance Service

Case: A USD200m pharmaceuticals company which is a part of a USD 800m group. Set up in the ‘80s, it is one of the leading players in the world in the production of certain generic pharmaceutical ingredients. Despite being a net exporter (the company is a Star Export House) – to drive the growth in

Feb 15 2019

Pune based welding machine exporter – Transaction Process Outsourcing

Case: A Pune based cutting and welding machines manufacturer. The company exports Robotic Welding Systems, Heavy Welding Fixtures and other welding equipments to different countries in Europe. Client had an inward remittance of EUR 23,000 and the bank was charging a huge margin in the transaction. Myforexeye Value Addition: Client approached Myforexeye to close this

Feb 02 2019

New Delhi Based Chemical Importer – Trade Finance Service

Case: A New Delhi based industrial chemical importer with an annual turnover of more than INR 170 crores. The company imports chemicals worth more than USD 2 million every month for manufacturing of industrial chemicals. Earlier, the client used to make payments in foreign currency through sight / usance LCs for imports but was unaware of