As of April 11, 2017, over 4.6L micro, small and medium enterprises (MSMEs) declared insolvency and closed down in 2013-14. This was twice the amount of companies that closed down just in the previous year. This trend has been a recurring phenomenon every single year in India. Lakhs of companies with the dream and intent on making it into the mainstream have had their hopes dashed due to internal and external problems, most commonly debt, failure in honoring financial commitments, inefficient managerial decisions, ineffective labor force, and over or under employment. Sick industries and companies have nowhere to turn in these moments of crises, resulting in an internal struggle of survival and eventually death.
Datascribe Consultancy has a four-pronged approach in reviving sick industries, which include Financial Restructuring, Technical Evaluation, Marketing Management and Process and Production Improvement. Employing these strategies, Datascribe intends to recuperate and rehabilitate sick companies to its former glory and get on with business as usual.
Financial restructuring can a prerogative of both healthy and sick companies, where the onus of the restructure can be either strategic or a compulsion. Experienced in matters of equity and debt restructuring, Datascribe restructures your company’s financial position, so as to substitute high cost debt with low cost borrowings and by stabilizing working capital status. In a similar vein, Restructure of equity involves the repurchase and reallocation of shares for the purposes of the reinstatement of share capital.
With Datascribe, you have an unconditional assurance that your Company’s financial restructuring obligations are in good hands. With over 30 years of corporate helm experience, Our team of financial experts shall strive to overhaul your ailing financial strategies and work on them from the ground up, with the help of cost benefit analyses and direct material per unit efficiency. By performing a Quantity Analysis on the production process and cost accounting, we achieve unit cost balancing and ensure that your production status reaches sound equilibrium.
There is no bigger sin in a company’s business model than to lay less emphasis on marketing strategies and implementation. With the introduction of low cost internet and high device sales, it is easy to say that an overwhelming majority of people in India have suddenly come online, with a lot of them relying on the news and media exposure on the web, navigating from the more traditional forms of print media. For instance, over 78% of location-based mobile searches result in an offline purchase, and about 84% of people would not make a purchase from an unsecured website.
This is one of many factors that SMEs and MSMEs fail to recognize in their efforts to market themselves as viable players in their respective industries. Some companies fall well short of the average Conversion Rate Optimization standards due to a variety of marketing flaws. Datascribe trains you on content, social media, video, email and other advertising strategies to equip your company on the marketing front and ensure that your selling point is well justified.