Poultry Farms Seeks NPA Restructuring and Additional Working Capital Limit
History
South India based poultry ranch with own retail chicken meat shops over their urban communities had an abrupt destruction from 2017 onwards. Ranch was built up in the year 2014 and was running effectively with a net edge of 40% and was wanting to grow their tasks across country,hence they have moved toward a nationalized bank for term credits and overdraft office of 1500 lakhs.
Issue
Because of abrupt value climb in animal feeds and absence of the board expertise, poultry ranches credits from their bank have become a non performing resource. rming asset.
Result
Chief has educated of us through a companion of his whom alluded GRMT after his enduring search. We quickly detected the reason for NPA and helped the system to regularize the NPA record and benefit extra working capital from a Credit Cooperative Bank.
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