May 25, 2013 8:58 PM ET

Diversified Financial Services

Company Overview of SBI Global Factors Ltd

Company Overview

SBI Global Factors Limited provides international and domestic factoring, import factoring, and forfaiting services in India. It offers channel financing, export/domestic LC discounting, and reverse factoring and purchase bill discounting services to sellers and buyers; and credit assessment, credit protection, financing, and collection services. The company was formerly known as Global Trade Finance Private Limited and changed its name to SBI Global Factors Limited in May 2010. The company was founded in 2001 and is headquartered in Mumbai, India with regional offices in New Delhi, Bangalore, Chennai, Hyderabad, Ahmedabad, and Kolkata, India. As of March 25, 2008, SBI Global Factors Limited...

Detailed Description

6th Floor, Metropolitan Building

Bandra-Kurla Complex, Bandra (E)

Mumbai,  400 051

India

Founded in 2001

Phone:

91 22 3044 0300

Fax:

91 22 6694 6099

www.gtfindia.com

Key Executives for SBI Global Factors Ltd

Managing Director
Chief Operating Officer
Head of Business Development - North
Company Secretary
Deputy General Manager of Legal
Compensation as of Fiscal Year 2012.

SBI Global Factors Ltd Key Developments

SBI Global Still Up For Sale
Aug 14 12

State Bank of India is unable to find buyer for SBI Global Factors Ltd and has been looking to sale for a year, said a senior bank official. "We want to sell the arm off, but the initial response is not heartening. The arm is actually a drain on our capital as new norms permit us to do the factoring business through the bank itself," the official said. Shares of State Bank were up 0.8% at INR 1,921.30.

SBI Global Factors Ltd Reports Audited Earnings Results for the Full Year Ended March 31, 2012
May 9 12

SBI Global Factors Ltd. reported audited earnings results for the full year ended March 31, 2012. For the full year, the company reported total revenue of INR 2,957.9 million compared to INR 2,511.3 million a year ago. Loss from exceptional and extraordinary items and tax exceptional items and loss before tax was INR 904.4 million compared to INR 1,523.5 million a year ago. Loss after tax was INR 657.3 million or INR 4.11 loss per basic and diluted share compared to INR 1,256.2 or INR 8.86 loss per basic and diluted share a year ago. Net cash used in operating activities was INR 78.7 million compared to INR 571.0 million a year ago. Purchased of fixed assets was INR 4.8 million compared to INR 6.8 million a year ago.

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Recent Private Companies Transactions

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Date		 Target
No transactions available in the past 12 months.
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