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KVB Timber Plus

KVB offers a unique product, tailor-made to suit the trade requirements of the timber industry. Working Capital - both fund and non-fund based are available at competitive interest rates and margin.

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12 Months

Validity

15%

Cash margin for Non-funded Working Capital

120 Days

Usance period for ILC

Features and Benefits

OCC / SOD facilities are available.
Issued mainly to meet the working capital requirements.
Tailor-made to suit the needs of Timber industry.

Charges and Limits

I.Working Capital - Fund based

Tenor	Valid for 12 months and renewable on a yearly basis.
Margin	OCC: Stock - 25% and Book Debts - 40%. For calculation of Drawing Power, Paid Stocks and Book Debts up to a maximum of 120 days excluding receivables from sister concerns shall be considered. SOD: Minimum 40% margin on immovable property offered as security (Minimum security coverage of 166.67 %).
Security	Primary: OCC: Hypothecation of entire current assets. SOD: EM charge on the timber unit comprising land and building / other residential / commercial immovable properties (Minimum Security coverage of 166.67%). Collateral: OCC: EM charge on the timber unit comprising land and building / other immovable properties / tangible securities.(Minimum Security coverage of 75%). SOD: Hypothecation of entire current assets of the unit.
Guarantors	Proprietor / Partners / Directors/ Title holders of the property given as security and Husband of Proprietrix / Lady Partners.

II. Working Capital - Non-fund based

Facility	FLC / Trade Credit ILC as a sub-limit up to max 50%
Purpose	For Working Capital requirements.
Margin	15% cash margin
Usance Period	180 days for FLC and 120 days for ILC.
Security	Primary: Hypothecation of stocks procured out of bank finance and other current assets. Collateral: EM charge on the timber unit comprising land and building / other immovable properties / tangible securities. Security coverage of 75%.
Guarantors	Proprietor / Partners / Directors / Title holders of the property given as security and Husband of Proprietrix / Lady Partners.