Hotline: 1800 102 2007
X
Loading
Search Business Opportunities
2010-12-06

Axe 15 per cent more profits

SMEs can enhance their profits by as much as 15 per cent if they received timely payments from their large corporate customers.

A study has found that the small and medium enterprises (SMEs) can enhance their profits by as much as 15 per cent if they received timely payments from their large corporate customers.

A study by the leading financial services agency Crisil, carried out among 5,000 SMEs, estimates that timely payments from large customers will help SMEs reduce interest costs, and thus improve profitability by around 15 per cent, besides bringing about a positive impact on their long-term health and sustainability.

"SMEs need to understand the costs and impact of delayed receivables, and factor this into the selling price".

Further, industry associations and trade bodies need to increase awareness among SMEs about the provisions of, and the redressal mechanisms under the Micro, Small, and Medium Enterprises Development (MSMED) Act," Crisil Ratings director for SMEs Ramraj Pai said in a statement here.

Related opportunities
  • Quick Service Restaurants
    Greetings from Rollacosta !!! ‘Rollacosta’ is brought to..
    Locations looking for expansion Maharashtra
    Establishment year 2012
    Franchising Launch Date 2012
    Investment size Rs. 10lac - 20lac
    Space required 80 to 500 sq feet
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai City Maharashtra
  • About:An ultimate high-fashion destination for the stylish and glamorous of..
    Locations looking for expansion New Delhi
    Establishment year 2014
    Franchising Launch Date 2016
    Investment size Rs. 20lac - 30lac
    Space required 150 - 200 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater South Delhi New Delhi
  • About usInternational Training Academy (ITA), a dedicated wing of Institute..
    Locations looking for expansion West Bengal
    Establishment year 2014
    Franchising Launch Date 2015
    Investment size Rs. 50 K - 2lac
    Space required 100 - 500 sq.ft.
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Kolkata West Bengal
  • Multi Cuisine Restaurant
    Thadiwala™ the name which reflects the meaning of Dream, Passion,..
    Locations looking for expansion Rajasthan
    Establishment year 2012
    Franchising Launch Date 2015
    Investment size Rs. 5lac - 10lac
    Space required 300 - 500 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Jaipur Rajasthan
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities