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Timely payments by customers can boost SME profits by 15%

A CRISIL study on 5,000 small and medium enterprises (SMEs) reveals that SMEs can enhance profits by 15% if they receive payments on time from their large corporate customers.

CRISIL estimates that timely payments from large customers will help SMEs reduce interest costs, and improve profitability by around 15%, and have a positive impact on the long-term health and sustainability of India’s SME sector. SMEs with large corporate customers have receivables of 90 to 120 days of sales on their balance sheets, as against 45 days stipulated by the Micro, Small, and Medium Enterprises Development (MSMED) Act.

The CRISIL study reveals that high receivables are endemic across industry sectors and geographies in the SME space. The smaller the SME, the weaker its receivables position tends to be. Small enterprises constitute a sizeable portion of India’s SME space and are most susceptible to liquidity pressures; it is, therefore, critical that the small entities receive payments on a timely basis from customers.

Ramraj Pai, director, CRISIL Ratings, said “SMEs need to understand the costs and impact of delayed receivables, and factor this into the selling price. Further, industry associations and trading bodies need to increase awareness among SMEs about the provisions of, and the redressal mechanisms under, the MSMED Act. ”

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Videocon Mobile Phones unveils Ducati Series Mobile Phone–V6200

Videocon Mobile Phones has launched Ducati Series Mobile Phone-V6200. The mobile is available at a MRP of Rs11,900 and best buy price of Rs9,500 at all leading retailers.

The phone has a 2.4 inch display having a resolution of 240×320 pixels with 262K colours. It's got a 2MP camera with video recording and FM Radio on loudspeaker. The battery offers a talk time of about six hours and standby time of 400 hours. It also has a dual LED torch and a customisable back OLED screen. The screen has three modes, namely phone, fun and sports modes.

The phone also offers 4 GB micro SD card preloaded with lifetime validity of MapMyIndia. It also includes features like GPS, thermometer, barometer, pedometer, altimeter, UV rays sensor, digital compass, and lastly an LED pulse indicator. The phone has dedicated keys for GPS, LED Torch, Camera & (MFD) Sports Feature. It also packs in some more with a Mo-biking user guide and a PC Suite. The phone comes with a CD that contains pictures and videos of Ducati bikes.

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COMMENTS

tektip

6 years ago

oh man we have to pay 11k only for design not for those features...it has no wi-fi capability...it is not a smart phone, it is just a phone :P

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