Exclusive financial advisor to Orient Craft Ltd. (OCL)

Exclusive financial advisor to Orient Craft Ltd. (OCL)

Restructuring

Service

May 2021

Date

Consumer

Sector

INR 8,440 MN

Deal Value

Exclusive financial advisor to Orient Craft Ltd. (OCL)

Deal Highlights:

  • OCL faced stress situation due to COVID-19 resulting in order cancellations, inventory losses & delay in monetisation of noncore assets etc
  • Comprehensive Debt Resolution involved correction in cashflow mismatch & Interim relief by securing interest moratorium and principal payments
  • Correction of working capital facilities by carving irregularities into separate Term Loan, Funding of Interest, Additional Working Capital funding & Reduction in margin for Drawing Power calculation

Our Contribution:

  • Ensured successful closure within tight timelines
  • Bridging trust deficit between borrower and lenders to ensure banking operations continue during restructuring process
  • Meticulous navigation through all non anticipated challenges during the execution
  • Critical handholding and strategic approach for all procedural diligences by external agencies
  • Fine balancing between the lenders and inter-se promoters group