Trading Module [ T - 1 ]
This is the model designed for those who are interested in entering into Defence Business as a Supplier and are involved in Trading and Importing of Goods
We draw the bulk Orders after sourcing out the requirement for the supply of various critical items from Defence Sector favouring REGISTERED VENDORS. We co-ordinate with Foreign / Indian Suppliers so as, an entity can be empanelled to be a Registered Vendor for the Defence Supplies directly
Magnitech Engineers Support and Endorse the Initiative carried by Indian Government to get aligned with Foreign Companies through Indian Channel & it’s an opportunity for both Indian, Foreign Manufacturers & Vendors to avail the benefit by placing in the niche area of Defence Sector. We also provide Import Assistance to implement the Indian Government steps towards Procurement of items for the Defence Sector from the International market
Subsequently, the Purchases shall be made by the Trader from the Foreign Suppliers or their Franchisees in India by taking the reference of the REGISTERED VENDOR and the goods are delivered to the END USER.
The mandatory requirement for starting this business:
- NAME & TITLE OF THE COMPANY
- BANK ACCOUNT : (PARKED WITH REQUIRED FUNDS)
- PERMANENT ACCOUNT NUMBER (PAN)
- VAT/CST REGISTRATION
- VALID E-MAIL
- IMPORT& EXPORT CODE – (IEC)
The total gestation period is 120 days from the date of payment made to the supplier and the bills are realised on 121st day. Once after completion of 2 to 3 cycles the SUB-VENDOR (XYZ Company) is entitled for becoming the REGISTERED VENDOR. The ROI per cycle is about 18-20% and normally varies with the gestation period, type of material etc.
Note: Please refer to the following Videos and Sequential Operations involved in Executing Defence Order for details, wherein the SUB – VENDOR (XYZ Company) shall start from Point No:11 and ends up the transaction at Point No:25
(Process from Point No:1 to Point No: 10 has been already done, wherein the Orders are being drawn on the REGISTERED VENDOR)
Sequential Operations for Executing Defence Order
Interested in knowing the steps involved in getting a Defence Order?
We have prepared a process chart to help you understand the process.