| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Apr 2018 - 31 Mar 2019 | 30 Oct 2019 | 30 | 100% | 0% | 0% | 0% |
| 01 Apr 2017 - 31 Mar 2018 | 04 Mar 2019 | 30 | 100% | 0% | 0% | 0% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Company uses standard payment terms ranging from 7 to 30 days.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
30
Any complaints/concerns will be considered by finance and a response will be provided in usual timescales and resolved.
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
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Does this business offer e-invoicing in relation to qualifying contracts?
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
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Does this business offer supply chain finance?
This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.
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Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
BHARAT FORGE INTERNATIONAL LIMITED is a leading global manufacturer of forged and machined components for the automotive, aerospace, and industrial sectors. The company was founded in 1961 and is headquartered in Pune, India.
The company's sustainability program focuses on reducing its environmental impact and promoting social responsibility. They have implemented various initiatives such as energy-efficient processes, waste reduction, and community development projects. They also have a robust health and safety program for their employees.
BHARAT FORGE INTERNATIONAL LIMITED offers a wide range of products and services, including engine and chassis components, transmission systems, and suspension parts for the automotive industry. They also provide aeronautical components for aircraft engines and structural parts for spacecraft. In addition, they offer specialized services such as product design and development, testing, and prototyping.
The company is led by Mr. Baba Kalyani, who serves as the Chairman and Managing Director. Under his leadership, the company has achieved significant growth and has become a global player in the manufacturing industry.
Interested individuals or businesses can contact BHARAT FORGE INTERNATIONAL LIMITED through their website: www.bharatforge.com. Their registered office address is located at Mundhwa, Pune - 411036, Maharashtra, India.
In conclusion, BHARAT FORGE INTERNATIONAL LIMITED is a leading manufacturer of forged and machined components with a strong focus on sustainability. With a wide range of products and services, and under the leadership of Mr. Baba Kalyani, the company continues to make significant contributions to the automotive, aerospace, and industrial sectors.