finance

anybody can help me?
i run a chemical company in aurangabad city (MS). we had a bad cibil report since 2010. since then we are just surviving. we are mainly in job work business. we need financial support to carry business. but due to weak balance sheet and less transactions in bank ac we are getting trouble in loans approval. without money we cannt proceed further and bank need transaction in ac. we are in devout. can anybody find way out of this. my business is really profit making. more  

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Further to my above comments I also inform you that 'LESS TRANSACTION IN BANK ACCOUNT' can be improved by your own decision - (1) if you decide to deposit amount of all sale proceed (may be in Cash &/or through cheque) on daily basis in bank account & (2) Make payment of all purchases through cheque (3) Even any deposit or loan you raise from from friend(s) &/or relatives may also be receive through cheque & deposit in Bank account. (4) Make payment of salary through cheque (5) Draw cheque and withdraw amount from bank for petty day to day expenses. This will improve your Balance Sheet drastically. But it should be started with immediate effect with Bank from which you want to take loan facility. more  
CIBIL Score is aggregate of financial discipline of a person / entity compiled from the information received from all its financial members like Banks & other Institutions. CIBIL score can not be bad unless & until there is default. Default may be known to the persons or unknown to him. In the report CIBIL mention the default. Hence, Mr. Sandeep Chavan has to look into it and try to remove it by contacting the financial institution where he may have defaulted financially. As far as I know no financial institution will entertain anybody's loan application. more  
You said your business is profit making but you also said you are just surviving and you have weak Balance sheet and less transaction in Bank. Why this contradiction between your statements. May be you are doing lot of business is cash (without Billing to avoid taxes either for yourself or your customer). Get out of it. Start doing more business with Bill and pay your taxes that will really help you in everything. Your balance sheet will be strong, Your bank transactions will be more, Your cibil rating will improve. You will be able to invest your money in various Financial Instruments. Also nation will develop with your taxes more  
float your company with 100% share sell in the stock market. one aluminium company in Kharagpur are in loss from time immemorial.....but Director Jhunjhunawala's Salary is going up every year. you see in Rediff that there are Companies whose share value are less than 10 paise sometime. rather than giving salary...ask the worker to take the share.....make a co operative out of all employees and you become one of the shareholders for safety. more  
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