About Clix Capital /the Clix Story
Clix Capital Services Private Limited is an unlisted private company incorporated on 11 February, 1994.It was formerly known as GE Capital Services.
GE Capital is the financial services unit of General Electric the American multinational corporation, famous worldwide for its range of services & products. GE Capital Services India Limited provides non-banking financial services to corporate and consumer customers in India.
In April of the year 2015 GE declared its decision to sell of its financial business: the assets of GE capital to concentrate on GE’s core industrial businesses – GE Capital Aviation Services (GECAS), Energy Financial Services (EFS) and GE Industrial Finance. Since GE has been exiting its financial services business globally to refocus on its core industrial manufacturing activities.
GE Capital Services India Limited has been bought over by a Mauritius based entity Plutus Financials Put Ltd. Plutus is jointly owned by Pramod Bhasin & Anil Chawla top executives at former GE Capital and AION Capital Partners.
GE Capital Services India Limited is now known as Clix Capital Services Pvt. Ltd, a non-bank lender majority owned by private equity firm. The company has a total paid-up capital is INR 1,297.08 cr & has also secured loans in the amount of INR 1,050.00 cr.
Bhavesh Gupta a top executive at IDFC Bank at the helm as the Chief Executive Officer Clix Capital now looks forward to establishing a firm Identity in the financial sector.
Clix Capital Business Loans Policy
Customer segments where the business profile is good & the business portfolio is positive are the preferred sourcing criteria for Clix Capital Business Loans.
To further classify segments eligible for unsecured funding are listed as per the chain of development which is
The manufacturing industry is the basis & inception for all products. It is this industry that requires Raw material & is labour intensive. Investments are required for machinery & capital for running expenses.Clix Capital provides unsecure funding for Manufacturing units of all industries with a turnover of ₹ 1 crore annually;
All manufacturers are eligible for business loans baring the industries which are in the negative category: which include manufacturing units for Metals, Jewellery, Commodity, and Builders & Contractors for Builders.
Turnover requirement is ₹ 1crore
Wholesalers buy large quantities of goods from distributors or vendors. They warehouse the products for shorter periods of time, for example three to six months, whereas a trader sells smaller quantities of goods. Traders may further sell to Retailers or directly to customers. Retailers sell goods directly to the customers.
Preferred enterprises under this category are Auto Ancillaries, Chemicals, Printing & Packaging, Consumer durables & a host of other leading industries. Companies prevalent in the negative list should not be sourced.
The growth in the services industry has been unprecedented. Increase in income, & up gradation Of lifestyle has led increase of spending. All professionally managed services are drawing increased profits. Professionals are now increasingly becoming self employed & running successful ventures.
Professional Services that are offered Loans for their business under this category IT/ITES, Hotels & Restaurants, Hospitals & Clinics, Education, Automobiles, Tours & Travels etc.
Negative are Gym owners, Health Club, Beauty Parlour, Security firms, Stock Brokers, Collection Agencies, Cable Operators, Politicians, Gambling business.
Special Criteria Of Business Loans From Clix Capital
dscr based funding or debt service coverage ratio
Normal Income Program
under this program customers eligible loan amount will be based on the financials of the customer i.e his earnings before interest tax and depriciation or ebitda. also following heads are to be considered in order to reach customers annual revenue. we will then deduct his taxes to reach his profit. we would require dscr>1 to get a go ahead for funding.
- Profit Before Tax
- Interest Expense Including Od/Cc
- Non Cash Amortization Expenses
- Salary To Partners/Directors On Loan
- Interest To Partners/Directors On Loan
under this program, eligibility criteria would be based on simply multiplying customers turnover/sales by the provided industry margin % for that indusrty/trade/service etc. we would require dscr > 1.10
- Industry Margin
Business Loans are processed as per the Profile of the Applicant /nature of Business Entity
Private Limited/Limited Company.
Application form signed with passport size photograph of all applicants.
Photo I.D. of All Individual Applicants
Copy of any one of following documents is Eligible as a Photo I.
- Pan Card
- Aadhaar Card
For Non Individual business entities valid ID proof documents
- Pan Card
Sales tax Certificate
Vat registration certificate
As an Address Proof for Individuals
- Mobile or Land line bill
Income Tax Return for the last 2 years with audited Financials.
Income Tax Return with computation of Income for the last 1 year for all Partners/Directors coming on the Loan
6 Months Bank Statements for all Business operating accounts.
6 Months Savings account Statements of Proprietors.
Statements of all loans taken to date
Business Continuity Proof for 3 Years Vintage
Partnership deed/MOA & AOA with certificate of incorporation
Shop & Establishment Certificate
Service Tax/Sales Tax/ Vat registration
- Audit report with nature of business & I.T return
- Previous 6 months Bank Statement
3 years old Business, Professional or Practising documents
Audit report with nature of Business
As Ownership Proof
Property Tax Receipts
Copy of Title Deed