Eligibility Assessment

Invoice No: INV/2024/002

Amount: ₹ 40 Lakh

Vendor: Metro Logistics

Date: 12 Jul 2024

Finance ID: FIN/2024/001

Amount: ₹ 25 Lakh

Invoice: INV/2024/001

Invoice Financing Terms

Calculation Breakdown

INVOICE DISCOUNTING AGREEMENT

THIS AGREEMENT is made on this day between Sharp Finance Limited (hereinafter called "the Lender") and Metro Logistics Pvt Ltd (hereinafter called "the Borrower").

WHEREAS, the Borrower has requested the Lender to provide invoice discounting facility for the invoices issued to L&T Limited against supply of goods/services.

NOW THEREFORE, in consideration of the mutual covenants and agreements contained herein, both parties agree to the following terms and conditions:

1. FACILITY: The Lender agrees to provide an invoice discounting facility to the Borrower against approved invoices issued to the Corporate.

2. INVOICE AMOUNT: ₹ 40,00,000 (Forty Lakhs)

3. DISCOUNT RATE: 2.5% per annum

4. TENOR: 90 Days or till payment from Corporate, whichever is earlier

5. PROCESSING FEE: 1.0% of Invoice Amount

6. NET DISBURSEMENT: ₹ 39,35,000 (Thirty-Nine Lakh Thirty-Five Thousand)

7. REPAYMENT: Full invoice amount shall be received from Corporate and settlement shall be done as per terms.

8. SECURITY: This facility is secured against the approved invoices and corporate payment guarantees.

I/We hereby accept and agree to the above terms and conditions and authorize the Lender to proceed with the loan disbursement.

eSign OTP will be sent to your registered email ID. Agreement will be digitally signed and time-stamped.

Invoice Discounting Summary

Detailed Calculation

Corporate Repayment Details

Full Invoice Amount to be paid by Corporate: ₹ 40,00,000

Payment should be made to Sharp Finance Collection Account by Due Date (08 Oct 2024)

Fund Transfer Initiated

Amount will be credited within 2 hours

Transfer Details

Next Steps

• ✓ Funds will be credited to your registered bank account
• ✓ Confirmation SMS/Email will be sent
• ✓ Invoice discount tenure starts from today (90 days)
• ✓ Corporate will receive payment reminder before due date

Payment Due Reminder

Payment is due on the specified date. Please process the payment to avoid any penalties.

Invoice & Payment Details

Payment Instructions

Beneficiary: Sharp Finance Limited

Account Number: 1234567890123

IFSC Code: SHFL0000001

Reference: FIN/2024/IPF/001

Invoice Discounting Closed Successfully

Payment received and reconciliation completed

Settlement Summary

Closure Checklist

• ✓ Invoice amount fully received from Corporate
• ✓ Payment reconciliation completed
• ✓ Discount charges recovered
• ✓ Finance agreement marked as closed
• ✓ Vendor eligibility for next invoice confirmed

Closure Date & Time

Closed On: 08 Oct 2024 at 3:45 PM

Settlement Reference: STL/2024/IPF/001

Vendor Eligible for Future Discounts

Metro Logistics Pvt Ltd has excellent repayment track record and qualifies for continued invoice discounting facility.

Vendor Performance Summary

Transaction History

Next Steps

✓ Vendor can upload new invoices for discounting immediately

✓ Recommended credit limit: ₹ 50,00,000

✓ Continue to maintain excellent payment track record