IBC Code and CIRP regulations are under constant process of evolution and are changing continuously based on the experiences gained, while resolving the NCLT cases. Therefore, the Committee of Creditors (CoC) needs the professional services of Process Advisors, who can provide professional guidance regarding formulation of Eligibility criteria for prospective Resolution Applicants and design appropriate Evaluation Matrix so that the most appropriate Resolution Applicants get shortlisted so as to not only maximize the value for all the stakeholders but also select the right Resolution Applicants, who are able to run the Corporate Debtor in an efficient manner after the acquisition.
Synergy Insolvency provides professional inputs and guidance to CoC at all the stages of the resolution process, which not only saves precious time and resources of the members but also renders guidance on the matters connected to resolution of the Corporate Debtor. Our Process Advisory assistance is not limited to the cases under NCLT, we also actively guide the Lenders and provide professional services as Process Advisor for resolution of stressed assets at pre-NCLT stage, so as to save time and resources for the lenders and have quicker resolution.
Advisor to Committee of Creditors / Creditor Advisory
Lenders are facing several challenges to timely resolve the stressed assets. They are not only required to ensure that all the requisite rules, regulations and guidelines are followed, but also see that the processes are run in an open and transparent manner. This is essential to protect the lenders from possible questions/ queries at a later state. The resolution may entail One Time Settlement/ Compromise Settlement, Bringing of Strategic/ Financial investors on board, who are willing to infuse funds and revive the Corporate Debtor or Business/ Financial Restructuring of the facilities granted to the Corporate Debtor.
Swiss challenge is one of the methods, whereby the right value is discovered through an open process and has the comfort of the availability of the anchor bidder with the Right of First Refusal (ROFR). This ensures that the effort leads to solution; with anchor bidders available as backup. Synergy Insolvency’s expert team renders assistance to the lenders so as to ensure that the processes are run in a professional, transparent, efficient and effective manner and the stressed assets are resolved timely.
Turnaround & Business Transformation Services
Business Turnaround and Transformation requires focus on both the macro and the micro economic factors affecting the business. Liquidity will be a lingering issue, and there will be strict timelines to implement restructuring plans.
Given the adverse economic scenario surrounding a distressed business, our team of experienced professionals shall be a great value add to your team to develop and execute restructuring plans. We advise on every aspect of the process, from strategic direction to liquidity management to business plan development and implementation. Working with complex relationships, we help rebuild credibility and reassure creditors that the company is taking steps to face its problems as efficiently and effectively as possible.
Our professionals work with you to:
- Develop and implement restructuring plans
- Support in Business Operations
- Advising and rejig business plans
- Enhancing profitability and reducing cost
- Liquidity Management
- Engaging with Stakeholders
- Support financial negotiations with suppliers of capital
Incremental Capital Financing
When a business must undertake a turnaround or undergo a restructuring, understanding the M&A and debt options available is vital to preserving, enhancing, or realizing its value. RBSA can assist its clients on equity or debt raising, refinancing & debt restructuring.
Companies need incremental capital to provide the necessary liquidity to revive its operations and implement the restructuring plans. Synergy Insolvency is well connected with the leading financial institutions & investors in India and can assist its client in capital restructuring and raising incremental capital required to revive the business. We can offer you the following advisory services:
- Raising incremental Capital
- Deal structuring for raising incremental debt
- Collateral assessment and negotiating deals for debt funding
- Restructuring of the existing capital structures
Operational Performance Management
Operational inefficiencies are the root cause for most companies in distress. Our team of experienced professionals identify these root causes of an enterprise’s deterioration and develop and implement solutions to address them. We focus on the following parameters for performance improvement:
- Evaluation current Operational Gaps (“GAP Analysis”)
- Industry positioning
- Sales and Marketing plans, strategies for improving margins
- Integration and consolidation
- Productivity improvements
- Product line rationalization
- Business model refinement
Working Capital Management
It is our key priority in the overall Turnaround process to ensure that the Company is able to utilize its existing operational capabilities to the utmost optimum level. We implement our extensive expertise in working capital and liquidity management, so as to extend the company’s liquidity runway and to facilitate rapid improvements to the company’s financial health. We can offer you the following advisory services for Working Capital Management:
- Cash flow monitoring and forecasting
- Identify potentials liquidity improvement opportunities
- Process optimisation throughout the entire end-to-end working capital cycles
- Evaluate opportunities of Supply Chain Finance programs, advisory on design and rollout
- Accounts receivable and credit management
- Accounts payable and vendor management
- Inventory turnover and SKU management
- Identification and improvement of commercial terms