FinPort Solutions (LLP) is an enterprise created by banking and finance professionals out of experiences of Micro and Small (sometimes even Medium) Enterprises at the time of seeking banking services and financial assistances from Scheduled Commercial Banks (SCB), Non-Banking Finance Corporations (NBFC) and Financial Institutions (FI). They often face difficulties due to lack of adequate understanding of financial statements like Profit & Loss, Cash Flow and Balance Sheets, of how lenders look at the financing businesses by segregating sources and uses of funds into long term and short term components, and how they would like long term uses to be funded through long term sources only, and vice versa, leaving comfortable room for a cushion of long-term surplus referred to as Net Working Capital (NWC).

To seek financial assistance from an SCB, NBFC or FI, an MSME has to submit data of past financial performances along with future projections in a structured format referred to as Credit Monitoring Arrangement (CMA) data or Detailed Project Report (DPR). FinPort Solutions aims to provide structured facilitation to such business enterprises by preparing Proposals or Business Reports with CMA data or DPRs instantly. We also propose to help them submit Periodic Monitoring Reports or Returns like Statements of Stocks and Book Debts and Financial Follow-up Reports required for post-sanction or post-disbursement monitoring.

At the time of launching of this portal dedicated to MSMEs, we are providing data on select Industries (primary source: CMIE), services associated with Working Capital (WC) Finance and services for post-disbursement monitoring of WC loans. Going forward, we will also provide our services of preparing Projects Reports (shortly), will develop and provide a Rating Tool or Score Sheet to judge a borrower’s creditworthiness (thereafter) as also provide information and analysis of banking, financial and industry (DRT, IBC, SARFAESI matters) (in the long run).