Ankit Goel, Managing Director of DS-Concept
DS-Concept Intelligent Trade Finance Limited assists small and medium enterprises with funds for all operational needs
Published: Tue 31 Jan 2017, 12:58 PM
Last updated: Thu 16 Jan 2020, 11:49 AM
Bringing German excellence to the region, DS-Concept Intelligent Trade Finance Limited opened its doors in Dubai to offer tailored cash flow solutions that enable small and medium enterprises to grow globally.
"We are a global intelligent trade finance company. We work with companies around the world and assist them with their cash fund requirements," said Ankit Goel, Managing Director of DS-Concept.
Further elaborating on its expertise, Goel explained that the organisation offers trade finance options ranging from liquidity to accelerating cash flow, while keeping liabilities in check.
To date, the DS-Concept group has a wide reach with 13 offices worldwide - including Europe, the US, China, Hong Kong, Bangladesh, Pakistan, Turkey - and its headquarters in Germany.
DS-Concept serves as an international credit hub that monitors credit worthiness of international customers. It assumes total credit risk on sales, grants and performs bookkeeping and collection.
"To put things into perspective, we do not look at a business' balance sheet, instead we look at the buyers' and lend money against their balance sheet. Compared to banks who often request countless paperwork, including mortgages and financial statements, DS-Concept offers a simpler and faster way of receiving sufficient funds to help owners better focus on operations," he said.
DS-Concept is industry-agnostic and offers a wide range of services, however, Goel added that organisations involved in the apparel sector are among its top clients globally, followed by a strong forte in food, automobile and IT.
DS-Concept serves a wide range of industries including:
Apparel and textiles Consumer goods Electronics Food and beverage Industrial and mechanical
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Besides financing opportunities to free up cash flow in order to help businesses pick up pace in a competitive environment, DS-Concept provides protection from loss of receivables to its clients, with 100 per cent security guarantee against the insolvency of customers.
"As a safety net for businesses with well-rounded solutions for the ease of operations, we help organisations grow, release cash flow and assist with credit and collection risks. We can potentially look at the entire supply chain to help buy, sell, and even take care of inventory," Goel said.
The organisation is a category-2 licensed firm in the Dubai International Financial Centre and is regulated by the Dubai Financial Services Authority (DFSA). The licence allows the company to provide, arrange and advise on credit. The location along with the licence gives DS-Concept a great advantage in providing financing opportunities across a global supply chain, which according to Goel, is something that traditional lenders (i.e. banks), purchase order finance companies, etc. cannot compete with.
- farhana@khaleejtimes.com