Received a $700k SINOSURE credit limit for an international chemical Importer from the US
Received a $700k SINOSURE credit limit for an international chemical Importer from the US
-
Sumichem International
Chemical products and raw materials
- Before:
$0 credit limitAfter:
+ US$700k - Before:
100% prepaymentAfter:
+ 90 day payment terms - Before:
cash locked in prepaymentsAfter:
+ scaled procurement
Sumichem International is an importer and distributor of chemical products and raw materials for industrial use. The company specializes in supplying a wide range of chemical ingredients and materials for industries such as food and beverages, cosmetics, home care, coatings, and polymers.
The Challenge
The client engaged us to transition their procurement model from 100% prepayment to a deferred payment structure. Their primary goal was to free up vital working capital that was currently tied up in advance payments, allowing for better liquidity management.
Our solution
Our team provided comprehensive advisory services, guiding the client through the process:
Results
The Challenge
The client engaged us to transition their procurement model from 100% prepayment to a deferred payment structure. Their primary goal was to free up vital working capital that was currently tied up in advance payments, allowing for better liquidity management.
Our solution
Our team provided comprehensive advisory services, guiding the client through the process:
- SINOSURE Onboarding: provided step-by-step expert consultation for the company’s preparation for onboarding in the SINOSURE system.
- Supplier negotiations: managed complex negotiations with multiple suppliers to provide them with a comprehensive understanding of the preparation and application process for the credit limit.
Results
- Sumichem's suppliers were granted a SINOSURE US$500,000 credit limit with 90-day payment deferral terms.
- Demonstrating the value of our ongoing support, the client re-engaged us for a new request, where we provided expert consultation on how to apply for an additional US$ 200,000 credit limit, which was successfully approved.
Disclaimer:
The final decision on any credit limit remains solely at the discretion of SINOSURE. Axton Global provides consulting services aimed at ensuring the accuracy and completeness of submissions to SINOSURE, but does not alter client financial data or influence underwriting decisions. Our role is to eliminate procedural inefficiencies and ensure that applications are evaluated on their true merits. SINOSURE’s credit limit decisions are independent and not subject to external influence.
Request a free consultation to get more information, receive a credit limit calculation for your company, and understand whether this solution is right for your business.
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Axton Global is an international consulting company helping importers worldwide secure trade credit terms with Chinese suppliers.
We serve customers from 82 countries across 5 continents.
info@axtongl.com
We serve customers from 82 countries across 5 continents.
info@axtongl.com