IBG Fincon Solutions Pvt Ltd

In their own words

IBG FINCON PVT LTD formerly Known as IBG FINCON SOLUTIONS PVT LTD.Key Drivers - Business and ManagementStrengthsIndustry experience of promoter: The promoter, Shriganesh Bansod, has over 9 years of experience in retail banking and Financial Sector the same has helped IBG FINCON to identify and tap market opportunities present in the financial services industry, and thereby gain traction and scale up its operations.Well-defined organizational structure: The company has an experienced Second-tier management to manage each stream of the business.This reduces the dependency on the promoter who is merely involved in key decision- making.Business profile marked by presence across diverse verticals and serviceLines: Though Business Financial Planning Services suite includes Book keeping and Account writing contributes to a major portion of the revenue, the company also offers diversified services such as Business Compliance Management (Tax planning), capital management, Investment planning,business advisory and financial planning. IBG Fincon understand that Business Financial matters are delicate and therefore they offer personalized and customized services to take cognizance of every aspect in minute details and draw a dedicated plan to help their clients reap greater benefits in specific duration. Their Business Financial Planning Services suite includes Book Keeping & Accounts Writing Compliance Management, Capital Management,Investment Advisory, Business Advisory and Financial Planning services. IBG Fincon is committed to provide the core and allied services in a highly professional manner with strong ethical values.Near-term business certainty: The Company has already recorded revenue/Profit of Rs 474.00 lakh till December 2019 during the current fiscal as against revenue/Profit of Rs 320.00 lakh in fiscal 2019.This is largely owing to addition of more customers through existing as well as new branches. The company Currently caters to around 10,000+ customers through its 10 branches 28 Service Centers in urban, Semi-urban and rural locations across Maharashtra,Karnataka Gujarat and Madhya Pradesh aspire to reach across India. Risk factorsSuccessful setting up of branches to remain Key to aggressive growth plan: IBG FINCON is planning to further penetrate its reach within the state of Maharashtra by setting up more branches on its own and through the franchising Company Own Company Operated model (COCO Model). It plans to use the receipt of non-refundable franchisee fee and Share Profit percentage with the Franchisee to support setting up of branch network. Hence, the success of IBG FINCON’s growth plan depends on its ability to timely acquire new franchisees, and tap customers in the region.Financial StrengthsImproving profitability: The company’s operating profit before depreciation,interest, and tax (OPBDIT) margin improved to 120% in fiscal 2019 as against 9.42% in fiscal 2018 on account of better utilization of manpower and resources. On the back of the past 9 months’ performance, the profitability is expected to improve further during the current fiscal.Financial flexibility supported by:Low gearing: IBG FINCON’s capital structure is comfortable with the infusion of equity capital of Rs 1000.00 lakh in the recent past. Debt-equity ratio (not including promoter loans as debt) has remained low at 0.28 time as on December 31, 2017. Thus, low dependence on external debt provides for exigency funding and protects its profitability from being eroded through interest payments.Timely funding support from promoters: The promoters have combined net worth of Rs 1,100 lakh. IBG FINCON has been getting interest-free funding support from promoters over the past 6 years to manage working capital requirement.Risk factorsStretched receivables: The days receivable increased from 29 days in fiscal 2017 to 140 days in fiscal 2018 with over 60 %of the receivables due over 6 months. Though the receivable period has improved during the current financial year, the same was still high at Rs 162.00 lakh. With increased focus onrevenue, the company’s ability to strengthen its receivable management thus remains to be seen.Name of the company :IBG Fincon Solutions Private LimitedFinancial Year of incorporation : 2012-13Commencement of operations : 2012-13Legal status :Private limited companyLegal history :There is no change in the company’s name, business and constitution since inception. Registered with Registrar of Companies, MaharashtraRegistration number U74900PN2013PTC146629Udyog Aadhaar no MH26E0014331Managing director Shriganesh BansodCategory of entrepreneur GeneralRegistered office, Administrative office and Service facility IBG House, Shrav Plaza, S.295, Plot No. 13, Hadapsar Pune - 411 028, Maharashtra, IndiaTel: +91 20 67491919Toll Free: 1800 266 1294Email: [email redacted] Website: www.ibgfincon.com

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