SOURCE: DS-Concept Factoring GmbH

DS-Concept Factoring GmbH

June 10, 2015 09:05 ET

DS-Concept Pakistan Announces $50 Million in Recent Transactions

KARACHI, PAKISTAN--(Marketwired - Jun 10, 2015) - DS-Concept Pakistan has announced $50 million in closed transactions and is on track for a record year. Among the industries served are exporters of various sizes in the ready-made garments, home textiles, textiles, food and sporting goods sectors.

Five exporters of ready-made garments have signed contracts with DS-Concept to help support their growing sales to the US, Canada and Europe for a combined annual factored volume of $13 million. Nine home textiles exporters will be using a DS-Concept trade finance facility to support their growing shipments to the US, UK, Netherlands, Australia, Germany, and Saudi Arabia with a total forecasted factored volume of $27 million for 2015.

Three fabric suppliers, with a total forecasted turnover of $5 million per year, have signed factoring agreements with DS-Concept to increase their exports to Germany, Greece and Bangladesh. Two specialty food suppliers will be using DS-Concept's non-recourse export factoring facility to fund their sales to the UAE and Switzerland for a combined annual factored volume of $3 million.

One sporting goods manufacturer has signed a factoring agreement to help increase their growing orders from retailers in the UK and anticipates $2 million in factored volume for the remainder of 2015. "DS-Concept has a deep knowledge of the driving forces behind the export market in Pakistan and our new clients are a result of this genuine understanding," states Mr. Qaseem Jaffri, Managing Director of DS-Concept's Pakistan liaison office. "Not only is it significant that we continue to onboard such great clients, but even more important is the fact that our unique knowhow and flexible solutions enable our existing clients to grow at an unprecedented pace with a number of very different business models."

The DS-Concept Group (http://www.ds-concept.net/en/netzwerk) maintains a network of offices and affiliates all over the world, including USA, Bulgaria, Hungary, Turkey, Pakistan, Bangladesh, Spain, UK, UAE, China and Hong Kong as well as the headquarters in Germany. Combining credit protection, collections, and financing into a single suite of trade finance products, DS-Concept brings streamlined, flexible and best-in-class services to the world's exporters.

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