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    Archive for May, 2018

    Liabilities from reverse factoring are usually included in the calculation of those financial key figures that are based on the debt of the customer. These are, for example, the leverage and the ratio of debt to equity (gearing). In addition, it depends on the exact basis of calculation of each financial key figure, so that consideration, for example, in the context of the calculation of debt service (Debt Service Cover) comes into consideration.

    The Liabilities Now

    In addition, these liabilities also have to be taken into account in the case of general conduct obligations if the credit agreement provides for restrictions with regard to the entering into of further financial liabilities. For the factoring of receivables this is an essential part.

    Unless the case of the reverse factor has already been considered in the negotiation of the credit agreement, this may mean that the financial key figures can no longer be adhered to or included due to the inclusion of liabilities from reverse factoring in the calculation of the debtor’s debt In the case of general conduct, previously agreed thresholds for entering further financial liabilities are exceeded. Both violations would justify a ground for termination.

    The Solutions Now

    As a solution to the above problem, it is advisable within the definition of financial liabilities or directly in the calculation of the financial key figures to agree redemption for the liabilities of the customer against the factor from the reverse factoring. This can be done, for example, through non-inclusion or corresponding exceptions to the financial ratios and general conduct obligations.


    From an economic point of view, reverse factoring offers both the buyer and the supplier an attractive model for the design of the supply relationship, since the customer can make maximum use of longer payment terms and the supplier receives liquidity at short notice.

    • With regard to the accounting classification of the liabilities of the customer to the factor, however, it should be noted that there are certain uncertainties, so it is advisable to thoroughly examine an intended reverse factoring together with the own auditor in terms of the balance sheet effects.

    In addition, it is to be examined in the case of intended reverse factoring to what extent this can have an impact on existing loan financing. In particular, it should be taken into account that the liabilities of the customer compared with the factor from reverse factoring may have to be taken into account when calculating the financial ratios and in the context of general conduct obligations and may lead to shifts at the expense of the customer as borrower.

    For this reason, intentional reverse factoring should also be discussed with the financing bank and, if necessary, appropriate modifications to the calculation of financial ratios as well as corresponding exceptions or maximum values ​​within the framework of general conduct obligations should be agreed.

    Guests love that the hotel room is clean and airy. And that the room smelled fresh! Maids, ensuring cleanliness and order in the hotel, strictly adhere to the standards of cleanliness. Each cleaning of the hotel room is carried out in stages or, as they say, in steps.

    Technology of cleaning the hotel room

    Step 1

    Initially, it is necessary to ventilate the room. To do this, the maid should open the window and turn off the air conditioner (if it is installed). The maid should wash her hands and wear disposable gloves. After this, it is necessary to wash the used dishes, clean the trash cans and take out the garbage from the room.

    Step 2

    Housekeeping starts with a bathroom. It is necessary to replace bath towels, hand towels, face towels. Spray surfaces for cleaning with cleaning solutions. After that, the gloves must be removed.

    Step 3

    Proceed to the next stage – the bed. Dirty bedding needs to be replaced. The bed linen is removed and taken out of the room. Naturally, bed linen changes after each guest departure from the room. In the event that the guest stops at the hotel for a long time, bed linen is changed approximately every three days (depending on the starry hotel). The condo cleaning services Singapore options are now there and that also within budget. Replaced pillows and blankets are made according to the schedule set by the standard of cleanliness of the hotel.

    Step 4

    Clean bed linen should be laid, pillowcases to put on pillowcases. The bed in the room must be prepared for the arrival of a new guest. You can use the standard reception. For this, it is necessary to turn about 1/4 of the blanket down from the top of the bed, to lay out clean pillows to the headboard. After that, pull the blanket over the top of the pillows.

    Step 5

    Basic cleaning of the bathroom is important. In order to avoid cross contamination, several wipes should be used for cleaning different colors in accordance with the established coding. The bathroom and walls should be rinsed with a shower and wiped dry with a specially prepared napkin. After wiping it, you must rinse off the chemical solution. If a curtain is used instead of the bathroom screen and dirt is visible on it, it should be replaced.


    The solution from the toilet should be washed off and wiped with a different color napkin. Then rinse the sink and wipe the toilet with a new napkin. Clean the mirrors in the bathroom with the glass cleaner and wipe it dry with a different cloth.

    Step 6

    The main cleaning of the living area is there. Dust must be removed from all surfaces: a table, a chair, a bedside table, a TV, a telephone, a lamp, i.e. all solid interior surfaces. Clean mirrors and glass from stains and dirt. Remove stains from carpets and upholstery by specially selected cleaning agents for this purpose. Vacuum the room.

    Outsourcing of hotels: pros and cons

    Maintaining cleanliness and order in hotel rooms is an important production task that can easily get out of hand. It is important to be able to break the cleaning stages into smaller tasks. Thanks to this, greater controllability and saving time for cleaning and cleaning chemicals are achieved. Creating an effective maid service can be quite a time-consuming task. This will require a sufficient amount of time: recruitment, training and testing, monitoring of intermediate performance results.

    Among the ways of replenishing working capital or simply eliminating the cash gap within the framework of the main activity of an enterprise, opening a credit line is rightfully considered to be one of the most effective.

    What is a credit line?

    An open credit line is a type of loan for a legal entity. Unlike a loan, this form of lending allows you to receive money not in a lump, but in parts (tranches) for a certain time. The terms of the loan and the obligations of the parties are specified in the contract, which is concluded between the bank and the borrower. Now let us know more about business line of credit.

    One of the important conditions for granting a loan within the credit line is the existence of a permanent relationship between the borrower and the credit institution. Simply put, in the overwhelming majority of cases, Russian banks offer to open a credit line only to their regular customers, who have a positive credit history and really good solvency.

    Credit lines can be divided into two categories:

    • renewable (with a debt limit), which allow to restore the debt limit after repayment of previously received tranches;
    • Non-renewable (with the issuance limit), the main feature of which is that the total amount of funds received by the borrower (during the term of the contract) should not exceed the limit.

    Features of the provision of this type of loan by banks

    The bank can provide a credit line in rubles, dollars or euros, and the maximum amount of the credit limit is determined on the basis of the creditworthiness of the legal entity, its credit history, the annual turnover of the enterprise and taking into account its needs. Usually the credit limit directly depends on the turnover on the borrower’s account.

    The terms for granting a credit line can vary from 3 months to 5 years. If the credit line is opened for more than one year, the bank can request adequate liquidity from the borrower-real estate, vehicles, land, commodity stocks, debts of debtors, equipment.

    A legal entity can obtain a loan on the following terms:

    • a fixed or floating interest rate for the entire term of the credit line;
    • Under the interest rate, established separately for each credit transaction within the credit line.

    The size of the interest rate is always set individually and depends on the currency and amount of the loan, the terms of the contract, as well as the financial soundness of the borrower, the life of the enterprise and credit risk. Interest rates can fluctuate within 10-20% per annum.

    Discover the different criteria that determine your choice of operators.

    Choose the freight according to the mode of transport

    There are several modes of transport to deliver your goods:

    • Sea route.
    • Railway track.

    The choice of a mode of transport is conditioned by the nature of the goods, their value, their weight and their size. It is also important to know the distance to travel, as well as the point of departure and arrival of your product.

    To preserve the quality of the product to deliver, the speed of execution also becomes a criterion to remember.

    So, for example:

    • If your goods have to travel more than 1000 km on the same continent, it would be better to opt for a train.
    • If you have to deliver your product quickly to the same territory, trucking can be a more practical solution.
    • If your goods weigh less than 400 kg and measure less than 1 m 3 , the best solution is to entrust your package to a specialized charterer.

    Choose the freight according to the services offered

    Not all freight forwarders offer the same services, even if they use the same means of transport. Moreover, for a shipment by truck or train, you can either opt for retail packages or full loads.

    Retail packages allow cost sharing among multiple companies by reserving only one or more boards.

    The freight by sea also has two categories: bulk or container.

    Bulk cargo shipping is ideal for raw materials, ore, grain, oil, coal or any commodity that requires no packaging.

    A shipment in container corresponds to the finished products. Its primary advantage is the ease of moving containers from one ship to another or to a truck. In this category of seaway, there are also packages and full loads.

    Choose the freight according to the quality presented

    truckers load board operator must have an authorization to be able to exercise his trade of carrier. Make sure you register with the Chamber of Commerce and Industry, but also its membership in the register carriers.

    You must then check your insurance policy, or even call the insurance company for more information and avoid future inconvenience.

    Remember that a forwarder with many references and various services is a real guarantee of experience and professionalism.