Business Turnaround and Restructuring For MSME’s in India by R Gupta
COVID-19 is a natural disaster whose economic and social effects are being felt in every part of the globe. COVID-19 has brought us to a tipping point where the companies and businesses, specially the MSME sector has been hit hard by Lack of demand, Negative cash flows, Work force issues, Raw material, Labour issues among others. Moreover, it has exposed the vulnerable position of MSMEs to the cyber risks that require urgent attention.
In these challenging times, one must question the accepted reality of doing business and finding appropriate solutions because things are going wrong at an alarming rate. Rapid and creative answers are needed, and the solution may well be found outside the usual compass.
The Government has come out with support packages for the MSME sector, however the quantum of these packages are on very low scale and it would be difficult to cater to majority of the MSME’s. The Government is also considering bringing the concepts of Pre Packs to India Insolvency regime, so that the long and unending litigations are thing of the past and the resolution to any potential business entity is quick and effective.
It is very important that the MSME’s have a system in place to identify the financial and operational red flags in their companies to easily address the short comings at an early stage. These red flags will easily identify the weaknesses and vulnerabilities in the financial and operational set up of the company and with the help of a trained turnaround professional, corrective actions can be taken and the company can be stopped from getting embroiled in a financial mess, which can lead to insolvency situation.
In these troubled times, We at Unitedjuris, understand the issues caused by COVID-19 or otherwise affecting your businesses. We have the capability, experience and a competent team of professionals to handhold, guide and mentor You and Your business in the current difficult times towards a better future.
What We Offer?
1. Funding
2. Turnaround and Crisis Management
3. Debt Restructuring and Rehabilitation
4. Recoveries of debt
5. Market Evaluation & Expansion
6. Strategic, Legal & Financial Advisory
7. Risk Advisory
8. Project Report Drafting
This is a time in which creative and interdisciplinary strategic solutions are becoming much more accessible for MSMEs, who are so vital to the economy in most parts of the world. In conjunction with Women in Law International we hope to raise awareness of this development and work together for effective resolution.
In these challenging times, one must question the accepted reality of doing business and finding appropriate solutions because things are going wrong at an alarming rate. Rapid and creative answers are needed, and the solution may well be found outside the usual compass.
The Government has come out with support packages for the MSME sector, however the quantum of these packages are on very low scale and it would be difficult to cater to majority of the MSME’s. The Government is also considering bringing the concepts of Pre Packs to India Insolvency regime, so that the long and unending litigations are thing of the past and the resolution to any potential business entity is quick and effective.
It is very important that the MSME’s have a system in place to identify the financial and operational red flags in their companies to easily address the short comings at an early stage. These red flags will easily identify the weaknesses and vulnerabilities in the financial and operational set up of the company and with the help of a trained turnaround professional, corrective actions can be taken and the company can be stopped from getting embroiled in a financial mess, which can lead to insolvency situation.
In these troubled times, We at Unitedjuris, understand the issues caused by COVID-19 or otherwise affecting your businesses. We have the capability, experience and a competent team of professionals to handhold, guide and mentor You and Your business in the current difficult times towards a better future.
What We Offer?
1. Funding
2. Turnaround and Crisis Management
3. Debt Restructuring and Rehabilitation
4. Recoveries of debt
5. Market Evaluation & Expansion
6. Strategic, Legal & Financial Advisory
7. Risk Advisory
8. Project Report Drafting
This is a time in which creative and interdisciplinary strategic solutions are becoming much more accessible for MSMEs, who are so vital to the economy in most parts of the world. In conjunction with Women in Law International we hope to raise awareness of this development and work together for effective resolution.