Finance and joint ventures

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

21 September 2011 Dear Sir,
I am from Mumbai want to do import/export business. I have full knowledge of the same, but the only problem is i'm lack of finance.

Since last 1&1/2 yr, i'm trying to search for a financier who can invest in my company, as per his terms and conditions such as on interest basis or on partnership or joint venture basis. I've approached several but failed.

Since I do not have the past income proof, nor i'm a tax payer neither I own a house (living in parent's house) therefore even banks do not support for the same.

I had opened company in 2008, i have IEC and Sales Tax no. and a current account.

My requirement is Rs.30-35,00,000/- for the period of 1 year for which I can return the same.

Can you please tell me what should I do to avail finance. As said, we are ready to work as per the financiers terms and condition.

We sincerely wish if someone can help me out of this situation.

Best Regards,

C A S.S.Agarwal, M.Com.,LL.B,

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
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23 September 2011 Kindly start the business on credit in small lots. Against the export you can have the packing credit limit from the bank.

You can go for Joint Venture on certain terms with Indian or outsider. On what terms you want the investor to join you?

Querist : Anonymous

Querist : Anonymous (Querist)

23 September 2011 Dear sir,

Firstly thank you for the response and the interest shown.

We're comfortable in anyway the investor/financier is interested. But we look for the joint venture wherein we are ready to offer 50% out of the total profit every month.

We wait to hear from you.

THANK YOU.

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Asha Kanta Sharma

Asha Kanta Sharma

(Expert)
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24 July 2024 It sounds like you have a clear understanding of your business needs and are actively seeking financial support to kickstart your import/export ventures. Here’s a step-by-step approach you can consider to find a financier or investor who might be interested in partnering with you:

### 1. **Refine Your Business Plan:**

- **Detailed Business Plan:** Update or create a comprehensive business plan that outlines your import/export activities, target markets, products, pricing strategy, and sales projections.

- **Financial Projections:** Clearly define how the Rs. 30-35 lakhs will be utilized in your business operations and how you plan to generate revenue and repay the investment.

### 2. **Identify Potential Financiers or Investors:**

- **Network and Connections:** Tap into your personal and professional networks. Reach out to friends, family, former colleagues, industry contacts, and business associations who might know potential investors or financiers interested in import/export businesses.

- **Online Platforms:** Utilize online platforms such as LinkedIn, business forums, or startup networks to connect with potential investors who have an interest in your industry.

### 3. **Highlight Your Strengths:**

- **Business Experience:** Emphasize your expertise and knowledge in the import/export field gained since 2008.

- **Existing Infrastructure:** Highlight that you have necessary registrations like IEC, Sales Tax number, and a current account which demonstrate your readiness to engage in business transactions.

### 4. **Consider Partnership or Joint Venture:**

- **Profit-Sharing Model:** Clearly articulate how you are willing to structure a partnership or joint venture agreement, including profit-sharing percentages, roles, responsibilities, and decision-making processes.

- **Mutual Benefits:** Highlight how the potential investor or partner can benefit from the partnership, such as access to new markets, business growth, or shared expertise.

### 5. **Alternative Financing Options:**

- **Angel Investors or Venture Capitalists:** Explore angel investors or venture capitalists who specialize in early-stage businesses and might be interested in your import/export venture.

- **Crowdfunding:** Consider crowdfunding platforms where individuals contribute smaller amounts of money to support your business in exchange for rewards or equity.

### 6. **Build Credibility:**

- **Documentation:** Prepare any relevant documentation that showcases your business potential, such as market research, product samples, client testimonials (if any), and your business plan.

- **Transparency:** Be transparent about your financial situation and discuss how you plan to overcome the challenges you mentioned, such as the initial margin requirement for packing credit.

### 7. **Seek Professional Advice:**

- **Financial Advisor:** Consult with a financial advisor or business consultant who can provide guidance on structuring your business plan, financial projections, and approaching potential investors.

- **Legal Counsel:** Consider seeking legal advice to ensure any partnership or joint venture agreement protects your interests and is legally sound.

### Conclusion:

Finding a financier or investor for your import/export business can be challenging, but with a well-prepared business plan, persistence in networking, and a clear value proposition for potential partners, you can increase your chances of securing the funding you need. Keep refining your approach based on feedback and continue to explore various avenues until you find the right partner. Good luck!

Querist : Anonymous

Querist : Anonymous (Querist)

25 July 2024 Dear Mr. Asha Kanta Sharma,

Firstly thank you for replying to a 13 year old post. It brought me back to the old beautiful and struggling memories. Indeed it was hard but always a successful one.

Just a small advice if you don't get offended. I wouldn't recommend that you ask the queries and question to the ChatGPT AI and copy paste the result with knowing it's actual authenticity and complete in-depth understanding. Afterall it's still a bot processed response unbiased and unreliable completely.

But thank you anyways for taking efforts to respond and bring back those beautiful memories. Sincerely appreciate!