Indian Cotton Solutions

Spinners services

Spinners services

Special Note : All Spinners can check raw cotton MSP prices through crop rate calculator, lint MSP rate through lint rate calculator and Yarn MSP through Yarn MSP calculator provided above links on your home page.

 

COTTON PROCUREMENT:

 

Indian Spinners will get the maximum possible advantage with this direct purchasing from farmers, ginners and traders in several ways:

 

1) Quality cotton can be procured from farmers with quality reports through a click. 

2) They will get maximum advantage in sales tax, VAT, CST or GST by doing own ginning with our concept by registering separately as a Ginner. From this concept, by selecting Stock option sale for self-consumption will provide an excellent benefit to Spinners. 

3) They can get the cotton bales to their godown up to 80% value upon their submission of "Bank Guarantee", so that, they will get maximum advantage in working capital interest in crores of rupees.

4) They can cover and hold maximum up to 6 months of their consumption with nominal interest by encouraging farmers.

5) Mental and moral satisfaction for direct encouragement of Indian cotton farmers & Ginners.

6) Spinners can sell their yarn and other products too with the same concept without any further marginal money, so here, Spinners will get dual advantage. If they provide BG they will get 80% of raw material in their godowns and also can sell any quantity of yarn in our trade terminal with same BG limits, so that they may get maximum advantage.

7] Spnners those are in distressed and need help of cotton supplier for conversion can be taken up through us,as per yarn MSP calcultor calculations, so those spiinners interested to offer spinning on conversion basis on short term or long term can be entertained through us with various interested Ginning units or cotton suppliers by supplying cotton and taking the yarn as per quality of yarn Ginner or supplier can pay the conversion charges to Spinners.

 

 

 

YARN SALES:

 

Yarn MSP sales operations will be worked out as per reference, based on Sankar6 cotton prevailing daily rates. Yarn MSP will be fixed by Admin and same will be displayed in Trade terminal no:5 exclusively for Yarn MSP sales. As per grade of the Quality each count will offer 4 rates and based on those rates any mill can offer their quantity for the sale. Here we are also entertaining direct importers. Rates for importers will be displayed in Trade terminals automatically with our conversion formula and rates will be displayed as FOB Indian port in US$/kg. We will provide conversion for basic MSP to FOB and C&F cost as per the ports mentioned by customers. We always welcome suggestions and complaints for improvement in our service further.

 

Our Spinners services will be briefly as follows:

 

1] Spinner can purchase cotton bales on long credit periods in MSP options in Trade Terminal No1 or can buy cotton bales as per market with cash terms in Trade Terminal no 2 with farmers’ concept.

 

2]  Spinner can purchase cotton bales on long credit periods in MSP options through Trade Terminal No:3 or can buy cotton bales as per market with cash terms in Trade Terminal No:4 with Ginners concept.

 

3] Spinner can purchase cotton bales on cash as regular module buying and selling from all stake holders of ginners, Traders or any other bales in Terminal no:5 [other than ICS.com process bales].

 

4]  Spinners can register as Ginners separately by taking a TMC mill under lease and can process ginning with our concept to avoid Vat/CST/GST Tax burdens /refunds.

 

5]  Spinner does not require any working capital but they should provide "Bank Guarantee" so that they can save maximum amount as working capital interest saving. They can also enjoy dual advantage that will be ensured by ICS to cotton bales supply up to 80% of Bank Guarantee equivalent amount. Spinner can sell his yarn and waste up to 100% value of Bank Guarantee amount, so totally they can trade all three i.e. cotton, [80%] cotton yarn and waste of any quantity or value on 100% Bank Guarantee provided by Spinner.

 

6] Spinner can offer their own processed yarn in Trade terminal no:6 under MSP sales of yarn. Here basic conversion costing of some major mills of Brand new and old mills of 10 years in AP, taken as standard and calculated the basic conversion cost as arrived and  fixed by admin in  MSP sales ,as per prevailing cotton prices of the day  MSP will be changed on daily basis, and here sales will be from 30 days[MSP1], 60days[MSP2], 90days[MSP3], 120days[MSP4], 150days[MSP5] and 180days[MSP6] sales with equal payment of every 15th day, exactly  same as cotton MSP sales, so that both spinner and weaver get advantage with fixed margins and long credit period respectively.

 

7]  Spinner can offer their own process cotton yarn with our Trade Terminal no:7 with options of seller option sale and buyer option sale with cash payment terms. Here rates and other risks are completely on spinners only. They can select option and quote as per their need and market position.

 

8] Spinner can also offer their own processed waste bales through our Trade Terminal no: 8 with cash payment terms. 

 

9] Spinner will get full freedom after submitting original "Bank Guarantee" he/she can purchase cotton bales in MSP, produce and sell the same and can then pay the cotton payments unlike advance payment in CCI or private market purchase or they may purchase cotton in MSP and sell their yarn in MSP to get both advantages or they can buy cotton in cash terms and sell yarn in cash terms in any of above options. Spinners does not require any working capital other than Bank Guarantee limit, there they can save maximum amount.

 

10] Spinner is having full freedom to buy cotton bales either from farmers and Ginners in both options of MSP or market sales almost their 100% raw material needs will be taken care by ICS.

 

11] Spinner is solely responsible for timely production and delivery of goods.

  

12] Spinner is fully responsible for quality complaints, normally Spinners will be divided in 3 categories based on their quality standards  

a] B for Best Grade [with below 0.4 breaks per one lac meter]  

b] G for Good Grade [between 0.4 to 0.6 breaks /lac metre]

c] N for Normal Grade [ between 0.6 -0.8]  

 

13] Spinner should quote/offer their prices as per above grades in Normal market trade option of Seller Option Sale [SOS] offering in Trade Terminal no:6 on Monday, Wednesday and Friday of week.

 

14] All yarn Buyers should quote their prices as per grades in the normal market trade option of Buyer Option Sale [BOS] offering in trade terminal No:6 on Tuesday, Thursday and Saturday of the week.

 

 

Details our services to Spinners are as follows:

 

Cotton Purchases: Spinners/buyers will have the liberty to buy cotton from 4 Trade terminals from 1 to 4 and purchases procedures and details are as follows. 

 

Farmers concept Purchase:

 

  • Farmer Bharosa Sale options: [MSP Operations] Trade Terminal no:1

 

 [In our entire concept, everybody should understand that actual farmer pay-out starts from 15th day from crop receipt date, means buyer or Spinner pay-out starts on 2nd from purchase date after ginning and selling the bales by farmer on 12th day of crop receipt day.] 

 

MSP sale options are available on days from Monday to Saturday in our trade terminal No 1, between 10.30 to 16.30. Here admin will enter the rates of cotton bales which are fixed for all farmers on an average of Lint yield. Each farmer will be allowed to sell his/her bales through these terminals for 3 days mainly on 8th, 9th and 10th day of farmer receipt of crop. Those who are interested buyer will select and click on terminal screen to confirm the deal and automatically Trade Transaction Number will be generated for each trade in terminals. ICS will send the confirmations to farmers and to buyers through mail and SMS to their registered contact details. As per their pay-out dates, the system payments will be paid to farmers from ICS.com Pvt Ltd with irrespective of Buyer payment received or not. If a buyer fails one instalment then one notice will be issued by mail and then if continued in 2nd default, then ICS.com will encash the "Bank Guarantee" provided by buyer and adjust the dues and block list the buyer on the interest of farmer’s protection.

                         

A] MSP 1 sale:  Here Spinners will purchase the cotton bales for 30 days’ payment terms as per selection of sale option by farmer, so Farmer should realise their money in 2 instalments on every 15th day respectively @ ₹4160/quintal or MSP rate fixed by govt of India or more from ICS Pvt Ltd based on his LYP% advantage or differed payment advantage. So, basic concept of our MSP sales is that farmer should get min MSP prices at any point of time by value addition of the process on behalf of him. Here farmer ginning and selling will be completed in trade terminal by 11th or 12th day from receipt day, so spinner should calculate his pay-out dates as 1st instalment on 2nd day from purchase day and 2nd instalment on 17th day from purchase day on trade terminal no:1. 

 

 

B] MSP  2 Sale:  Here Spinners will purchase the cotton bales for 60 days’ payment terms as per selection of sale option by farmer, so Farmer should realise their money in 4 instalments on every 15th day respectively @ ₹4160/quintal or MSP rate fixed by govt of India or more from ICS P Ltd based on his LYP% advantage or differed payment advantage. So, basic concept of our MSP sales is that farmer should get min MSP prices at any point of time by value addition of the process on behalf of him. Here farmer ginning and selling will be completed in trade terminal by 11th or 12th day from receipt day, so spinner should calculate his pay-out dates as 1st instalment on 2nd day from purchase day, 2nd instalment on 17th day from purchase day, 3rd instalment on 32nd day form purchase day and 4th instalment on 47th day from purchase day on trade terminal no:1. 

 

C] MSP 3 sale: Here Spinners will purchase the cotton bales for 90 days’ payment terms as per selection of sale option by farmer, so Farmer should realise their money in 6 instalments on every 15th day respectively @ ₹4160/quintal or MSP rate fixed by govt of India or more from ICS P Ltd based on his LYP% advantage or differed payment advantage. So, basic concept of our MSP sales is that farmer should get min MSP prices at any point of time by value addition of the process on behalf of him. Here farmer ginning and selling will be completed in trade terminal by 11th or 12th day from receipt day, so spinner should calculate his pay-out dates as 1st instalment on 2nd day from purchase day, 2nd instalment on 17th day from purchase day, 3rd instalment on 32nd day form purchase day, 4th instalment on 47th day from purchase day, 5th instalment on 62nd day of the trade and 6th instalment on 77th day of the Trade on Trade Terminal no:1.

 

 

 

D] MSP 4 sale: Here Spinners will purchase the cotton bales for 120 days’ payment terms as per selection of sale option by farmer, so Farmer should realise their money in 8 instalments on every 15th day respectively @ ₹4160/quintal or MSP rate fixed by govt of India or more from ICS P Ltd based on his LYP% advantage or differed payment advantage. So, basic concept of our MSP sales is that farmer should get min MSP prices at any point of time by value addition of the process on behalf of him. Here farmer ginning and selling will be completed in trade terminal by 11th or 12th day from receipt day, so spinner should calculate his pay-out dates as 1st instalment on 2nd day from purchase day, 2nd instalment on 17th day from purchase day, 3rd instalment on 32nd day form purchase day, 4th instalment on 47th day from purchase day, 5th instalment on 62nd day of the trade, 6th instalment on 77th day of the Trade, 7th instalment on 92nd day of trade and 8th instalment on 107th day of trade on Trade terminal no:1.  

 

 

E] MSP 5 sale: Here Spinners will purchase the cotton bales for 150 days’ payment terms as per selection of sale option by farmer, so Farmer should realise their money in 10 instalments on every 15th day respectively @ ₹4160/quintal or MSP rate fixed by govt of India or more from ICS P Ltd based on his LYP% advantage or differed payment advantage. So, basic concept of our MSP sales is that farmer should get min MSP prices at any point of time by value addition of the process on behalf of him. Here farmer ginning and selling will be completed in trade terminal by 11th or 12th day from receipt day, so spinner should calculate his pay-out dates as 1st instalment on 2nd day from purchase day, 2nd instalment on 17th day from purchase day, 3rd instalment on 32nd day form purchase day, 4th instalment on 47th day from purchase day, 5th instalment on 62nd day of the trade, 6th instalment on 77th day of the Trade, 7th instalment on 92nd day of trade, 8th instalment on 107th day of trade, 9th instalment on 122nd day of the trade and 10th instalment on 137th day of the trade on Trade terminal no:1. 

 

 

F] MSP 6 sale: Here Spinners will purchase the cotton bales for 180 days’ payment terms as per selection of sale option by farmer, so Farmer should realise their money in 12 instalments on every 15th day respectively @ ₹4160/quintal or MSP rate fixed by govt of India or more from ICS P Ltd based on his LYP% advantage or differed payment advantage. So, basic concept of our MSP sales is that farmer should get min MSP prices at any point of time by value addition of the process on behalf of him. Here farmer ginning and selling will be completed in trade terminal by 11th or 12th day from receipt day, so spinner should calculate his pay-out dates as 1st instalment on 2nd day from purchase day, 2nd instalment on 17th day from purchase day, 3rd instalment on 32nd day form purchase day, 4th instalment on 47th day from purchase day, 5th instalment on 62nd day of the trade, 6th instalment on 77th day of the Trade, 7th instalment on 92nd day of trade, 8th instalment on 107th day of trade, 9th instalment on 122nd day of the trade, 10th instalment on 137th day of the trade, 11th instalment on 152nd day of trade and 12th instalment on 167th day of trade on trade terminal no:1.

 

 

  • Farmer Normal sales [Trade Terminal no:2]: Here farmers can sell their bales as per their choice and with own risk analysis as per prevailing market in Trade Terminal no 2, basically here two types of sales available one is Seller[Farmer] option sale and the other is Buyer option sale.

   

A] Seller Option sale: 

 

Here Spinners should buy cotton bales directly from farmers through our online Trade Terminal no:2. Farmers must submit their bids online for lint bales in rupees per candy by using the system converter of crop rate in rupees to lint bales in rupees per candy by using Lint yield percentage [LYP %] and seed rate. All buyers who are interested and participated in FOS will confirm the deal online and SMS will be sent for the same as confirmation of trading with Tarde Transaction number, pay-out amount and dates. Farmer option sale will be conducted on Monday, Wednesday and Friday in a week, on festival holidays and national holidays there won’t be any trading. Spinner payment should be released within 48 hours after online purchase which means by 13th day or 14th day from crop receipt. Payment will be realised by ICS.com and in turn ICS.com will pay to farmer on 15th day irrespective of buyer payments. If any finance arranged by admin, it will be adjusted and the balance amount will be paid to farmers by NEFT or RTGS. In either of transaction farmer will receive his payment on 15th day.

 

B] Buyer Option sale: 

 

Buyers will have to submit their bids online for lint bales in ₹/candy and for seed in ₹/quintal [Seed rate is fixed by admin by using the system converter of crop rate in ₹ to lint bales in ₹/candy and by using  Lint yield percentage [LYP %] along with seed rate]. Buyer should know the market trend of cotton bales and submit his bid online which will be displayed in Trade Terminal no:4 and all Sellers who are interested and participated in BOS will confirm the deal online. SMS will be generated for confirmation of trading with Tarde transaction number, Pay-out amount and Dates. Buyers option sale will be conducted on Tuesday, Thursday and Saturday of the week. On festival holidays and National holidays there won’t be any trading. Payment should be released within 48 hours by buyers either by NEFT or RTGS. In this transaction, seller will receive his/her payment on 5th day after trade. This option will be more useful to those Buyers who can buy their raw material on full demand when market is in downward trend or it will be useful to those Buyers who are buying regular cotton bales as per his financial planning. One can buy at their best price with this option.  Buyers have the Readymade cotton’s HVI quality report which is more useful to buy the cotton bales online. Entire market risk is buyer’s responsibility. ICS is not responsible for any market ups and downs.

 

C] Stock option sales:

 

Sellers will have to submit their bids online for lint bales in ₹/candy and for seed in ₹/quintal [Seed rate is fixed by admin by using the system converter of crop rate in ₹ to lint bales in ₹/candy and by using  Lint yield percentage [LYP %] along with seed rate]. Farmer should know the market trend of cotton bales and submit his bid online which will be displayed in Trade Terminal no:4 and all buyers who are interested and participated in FOS will confirm the deal online. SMS will be generated for confirmation of trading with Tarde transaction number, Pay-out amount and Dates. Seller option sale will be conducted on Monday, Wednesday and Friday of the week. On festival holidays and National holidays there won’t be any trading. Payment should be released within 48 hours. If any finance arranged by admin, it will be adjusted and the balance amount will be payed to Sellers through bank transaction either by NEFT or RTGS. In this transaction, seller will receive his/her payment on 3rd day after trade. This option will be more useful to those Sellers who sell their products on full demand when market is in upward trend or it will be useful to those ginners who are having best quality and special quality cotton bales. One can sell at the best price with this option. Always sellers should have the cotton’s HVI quality report which is more useful to sell the cotton bales. Entire market risk is ginner’s responsibility. ICS is not responsible for any market ups and downs.

 

 

Cotton Purchase from Ginners/Traders concept:

  

General trading will be allowed by having ginners view for trade of their own production bales with our ICS customers to fulfil their complete raw material needs. General trading means trading for others [other than farmers].

Here there are 3 types of sales:

 

1] MSP sales from 30 to 180 days’ sale with differed payment terms.

 

          This MSP trading will happen in Trade Terminal No:3 for Ginners and Trade Terminal No:5 for Traders from Monday to Saturday. We are allowing MSP sales by ginners and traders where they will offer their bales and seed rate for different payment systems exactly like farmer MSP operations. Rates will be fixed by admin and those who are interested can offer their stocks and can trade here. Ginners are to be registered in Ginner’s category. Once they register they are allotted their unique registration number. ICS.com will not process this stock. Quality is fully responsible by ginners and security deposit by ginners will be released only after getting clearance from buyer about quality satisfaction. It is purely demand and supply trading here. Ginners will be allowed to trade their stocks only in MSP operations from Monday to Saturday. There won’t be any farmer stock offered in this trade terminal. Both ginners and traders to utilise our facility for their product sales with reasonable prices against differed payment terms of every 15th day with equal instalment from 30 to 180 days with our buyers. Trading time will be from 10.30 am to 16.30 pm daily except for Sunday.

 

2] Normal Sales [ Trade terminal No:4 (for ginners) and No:6 (for traders)-

 

Seller option sale.

                   Sellers will have to submit their bids online for lint bales in ₹/candy and for seed in ₹/quintal [Seed rate is fixed by admin by using the system converter of crop rate in ₹ to lint bales in ₹/candy and by using  Lint yield percentage [LYP %] along with seed rate]. Farmer should know the market trend of cotton bales and submit his bid online which will be displayed in Trade Terminal no:4 and all buyers who are interested and participated in FOS will confirm the deal online. SMS will be generated for confirmation of trading with Tarde transaction number, Pay-out amount and Dates. Seller option sale will be conducted on Monday, Wednesday and Friday of the week. On festival holidays and National holidays there won’t be any trading. Payment should be released within 48 hours. If any finance arranged by admin, it will be adjusted and the balance amount will be payed to Sellers through bank transaction either by NEFT or RTGS. In this transaction, seller will receive his/her payment on 3rd day after trade. This option will be more useful to those Sellers who sell their products on full demand when market is in upward trend or it will be useful to those ginners who are having best quality and special quality cotton bales. One can sell at the best price with this option. Always sellers should have the cotton’s HVI quality report which is more useful to sell the cotton bales. Entire market risk is ginner’s responsibility. ICS is not responsible for any market ups and downs.

 

Buyer option sale.

                   Buyers will have to submit their bids online for lint bales in ₹/candy and for seed in ₹/quintal [Seed rate is fixed by admin by using the system converter of crop rate in ₹ to lint bales in ₹/candy and by using  Lint yield percentage [LYP %] along with seed rate]. Buyer should know the market trend of cotton bales and submit his bid online which will be displayed in Trade Terminal no:4 and all Sellers who are interested and participated in BOS will confirm the deal online. SMS will be generated for confirmation of trading with Tarde transaction number, Pay-out amount and Dates. Buyers option sale will be conducted on Tuesday, Thursday and Saturday of the week. On festival holidays and National holidays there won’t be any trading. Payment should be released within 48 hours by buyers either by NEFT or RTGS. In this transaction, seller will receive his/her payment on 5th day after trade. This option will be more useful to those Buyers who can buy their raw material on full demand when market is in downward trend or it will be useful to those Buyers who are buying regular cotton bales as per his financial planning. One can buy at their best price with this option.  Buyers have the Readymade cotton’s HVI quality report which is more useful to buy the cotton bales online. Entire market risk is buyer’s responsibility. ICS is not responsible for any market ups and downs. 

 

 

Cotton Yarn sales from Spinner:

 

Spinners can sell their cotton yarn with same procedure of MSP sales with 6 options and normal sales with 2 options but here Yarn MSP is the biggest challenging subject. We have taken several studies and finally found the MSP costing based on general trend of Indian cotton mixing used for counts and arrived on MSP costing for all counts from 16 to 100 Carded, Combed and Compact yarns. We have divided these into 3 category qualities mainly

B] Best Grade  

G] Good quality    

N] Normal quality

We have mentioned the general costing table for your reference. Here, everybody should try to understand our intention of finding the rock bottom price to spinners, so that he/she can’t sell below those rates and he/she may get key loans from banks with those MSP rates if required. We are supporting buyers with MSP rates, and now it is our concern to protect spinners too with MSP rates but it does not mean that all spinners should sell at these rates, they may sell even at other best rates in our normal market options of seller option sale and buyer option sale. No one should sell below the MSP rates at any point of time for betterment of Indian cotton textile industry. At the same time once farmers support 6 months’ credit to Spinners, in turn spinners also extend their support to weavers up to 6 months credit with secured payment terms, so entire textile chain will be strengthened and everybody will flourish and enjoy the business in Textiles…

 

Cotton yarn MSP sales [ Trade Terminal no 7]:

 

A] MSP 1 sale:  Here Spinners will purchase the cotton bales for 30 days’ payment terms as per selection of sale option by farmer, so Farmer should realise their money in 2 instalments on every 15th day respectively @ MSP rate fixed by admin as per the day to day cotton market or more from ICS P Ltd. So, basic concept of our MSP sales is that Spinner should get min MSP prices at any point of time by value addition of the process on behalf of him. Here Spinner’s Yarn selling will be completed in trade terminal, so buyer should calculate his pay-out dates as 1st instalment on 2nd day from purchase day and 2nd instalment on 17th day from purchase day on trade terminal no:7. 

 

 

B] MSP  2 Sale:  Here Spinners will purchase the cotton bales for 60 days’ payment terms as per selection of sale option by farmer, so Farmer should realise their money in 4 instalments on every 15th day respectively @ MSP rate fixed by admin as per the day to day cotton market or more from ICS P Ltd. So, basic concept of our MSP sales is that Spinner should get min MSP prices at any point of time by value addition of the process on behalf of him. Here Spinner’s Yarn selling will be completed in trade terminal, so buyer should calculate his pay-out dates as 1st instalment on 2nd day from purchase day, 2nd instalment on 17th day from purchase day, 3rd instalment on 32nd day form purchase day and 4th instalment on 47th day from purchase day on trade terminal no:7. 

 

 

C] MSP 3 sale: Here Spinners will purchase the cotton bales for 90 days’ payment terms as per selection of sale option by farmer, so Farmer should realise their money in 6 instalments on every 15th day respectively @ MSP rate fixed by admin as per the day to day cotton market or more from ICS P Ltd. So, basic concept of our MSP sales is that Spinner should get min MSP prices at any point of time by value addition of the process on behalf of him. Here Spinner’s Yarn selling will be completed in trade terminal, so buyer should calculate his pay-out dates as 1st instalment on 2nd day from purchase day, 2nd instalment on 17th day from purchase day, 3rd instalment on 32nd day form purchase day, 4th instalment on 47th day from purchase day, 5th instalment on 62nd day of the trade and 6th instalment on 77th day of the Trade on Trade Terminal no:7.

 

 

D] MSP 4 sale: Here Spinners will purchase the cotton bales for 120 days’ payment terms as per selection of sale option by farmer, so Farmer should realise their money in 8 instalments on every 15th day respectively @ MSP rate fixed by admin as per the day to day cotton market or more from ICS P Ltd. So, basic concept of our MSP sales is that Spinner should get min MSP prices at any point of time by value addition of the process on behalf of him. Here Spinner’s Yarn selling will be completed in trade terminal, so buyer should calculate his pay-out dates as 1st instalment on 2nd day from purchase day on trade Terminal No1 and 2nd instalment on 17th day from purchase day, 3rd instalment on 32nd day form purchase day, 4th instalment on 47th day from purchase day, 5th instalment on 62nd day of the trade, 6th instalment on 77th day of the Trade, 7th instalment on 92nd day of trade, 8th instalment on 107th day of trade on Trade terminal no:7.  

 

 

E] MSP 5 sale: Here Spinners will purchase the cotton bales for 150 days’ payment terms as per selection of sale option by farmer, so Farmer should realise their money in 10 instalments on every 15th day respectively @ MSP rate fixed by admin as per the day to day cotton market or more from ICS P Ltd. So, basic concept of our MSP sales is that Spinner should get min MSP prices at any point of time by value addition of the process on behalf of him. Here Spinner’s Yarn selling will be completed in trade terminal, so buyer should calculate his pay-out dates as 1st instalment on 2nd day from purchase day on trade Terminal No1 and 2nd instalment on 17th day from purchase day, 3rd instalment on 32nd day form purchase day on Trade Terminalno:1 and 4th instalment on 47th day from purchase day, 5th instalment on 62nd day of the trade, 6th instalment on 77th day of the Trade, 7th instalment on 92nd day of trade, 8th instalment on 107th day of trade, 9th instalment on 122nd day of the trade and 10th instalment on 137th day of the trade on Trade terminal no:7. 

 

 

F] MSP 6 sale: Here Spinners will purchase the cotton bales for 180 days’ payment terms as per selection of sale option by farmer, so Farmer should realise their money in 12 instalments on every 15th day respectively @ MSP rate fixed by admin as per the day to day cotton market or more from ICS P Ltd. So, basic concept of our MSP sales is that Spinner should get min MSP prices at any point of time by value addition of the process on behalf of him. Here Spinner’s Yarn selling will be completed in trade terminal, so buyer should calculate his pay-out dates as 1st instalment on 2nd day from purchase day on trade Terminal No1 and 2nd instalment on 17th day from purchase day, 3rd instalment on 32nd day form purchase day on Trade Terminalno:1 and 4th instalment on 47th day from purchase day, 5th instalment on 62nd day of the trade on Trade Terminal no:1 and 6th instalment on 77th day of the Trade, 7th instalment on 92nd day of trade on trade terminal no:1 and 8th instalment on 107th day of trade, 9th instalment on 122nd day of the trade on trade terminal no:1 and 10th instalment on 137th day of the trade, 11th instalment on 152nd day of trade on trade terminal no:1 and 12th instalment on 167th day of trade on trade terminal no:7.

 

 

Spinners yarn Normal sales [Trade Terminal No:8]:

Here Spinners can sell their Cotton Yarn as per their choice and with their own risk analysis as per prevailing market in Trade Terminal no 8, basically here two types of sales available one is Seller[Spinner] option sale and the other is Buyer option sale.

   

A] Seller Option sale:

 

Spinners should sell cotton yarn directly through our online Trade Terminal no:8. Spinner must submit their bids online for cotton yarn in rupees per Kg by using the system converter in rupees to cotton yarn in rupees per Kg. All buyers who are interested and participated in SOS will confirm the deal online and SMS will be sent for the same as confirmation of trading with Tarde Transaction number, pay-out amount and dates. Seller option sale will be conducted on Monday, Wednesday and Friday in a week, on festival holidays and national holidays there won’t be any trading. Buyer payment should be released within 48 hours after online purchase which means by 2nd day or 3rd day from Yarn dispatch. Payment will be realised by ICS.com and in turn ICS.com will pay to Spinner on 5th day irrespective of buyer payments. If any finance arranged by admin, it will be adjusted and the balance amount will be paid to spinners by NEFT or RTGS.

 

B] Buyer Option sale: 

 

Buyers should submit their bids online for Cotton Yarn in ₹/Kg. Buyer should know the market trend of Cotton Yarn and submit his bid online which will be displayed in Trade Terminal no:8 and all sellers who are interested and participated in BOS will confirm the deal online. SMS will be generated for confirmation of trading with Tarde transaction number, Pay-out amount and Dates. Buyers option sale will be conducted on Tuesday, Thursday and Saturday of the week. On festival holidays and National holidays there won’t be any trading. Payment should be released within 48 hours by buyers either through NEFT or RTGS. In this transaction, seller will receive his/her payment on 5th day after trade. This option will be more useful to those Buyers who can buy their raw material on full demand when market is in downward trend or it will be useful to those Buyers who are buying regular Cotton Yarn as per his financial planning. One can buy at their best price with this option.  Buyers have the Readymade Cotton Yarn quality report which is more useful to buy the Cotton Yarn online. Entire market risk is buyer’s responsibility. ICS is not responsible for any market ups and downs.

 

 

Spinners Waste sales [Trade Terminal no 9]: 

Here Spinners can sell their Cotton and Yarn Waste as per their choice and with their own risk analysis as per prevailing market in Trade Terminal no 9, basically here two types of sales available one is Seller[Spinner] option sale and the other is Buyer option sale.

   

A] Seller Option sale:

 

Spinners should sell Cotton and Yarn Waste directly through our online Trade Terminal no:9. Spinner must submit their bids online for Cotton and Yarn Waste in ₹ per Kg by using the system converter in rupees to cotton yarn in rupees per Kg. All buyers who are interested and participated in SOS will confirm the deal online and SMS will be sent for the same as confirmation of trading with Tarde Transaction number, pay-out amount and dates. Seller option sale will be conducted on Monday, Wednesday and Friday in a week, on festival holidays and national holidays there won’t be any trading. Buyer payment should be released within 48 hours after online purchase which means by 2nd day or 3rd day from Yarn dispatch. Payment will be realised by ICS.com and in turn ICS.com will pay to Spinner on 5th day irrespective of buyer payments. If any finance arranged by admin, it will be adjusted and the balance amount will be paid to spinners by NEFT or RTGS.

 

B] Buyer Option sale: 

 

Buyers should submit their bids online for Cotton and Yarn Waste in ₹/Kg. Buyer should know the market trend of Cotton and Yarn Waste and submit his bid online which will be displayed in Trade Terminal no:9 and all sellers who are interested and participated in BOS will confirm the deal online. SMS will be generated for confirmation of trading with Tarde transaction number, Pay-out amount and Dates. Buyers option sale will be conducted on Tuesday, Thursday and Saturday of the week. On festival holidays and National holidays there won’t be any trading. Payment should be released within 48 hours by buyers either through NEFT or RTGS. In this transaction, seller will receive his/her payment on 5th day after trade. This option will be more useful to those Buyers who can buy their raw material on full demand when market is in downward trend or it will be useful to those Buyers who are buying regular Cotton and Yarn Waste as per his financial planning. One can buy at their best price with this option.  Buyers have the Readymade Cotton and Yarn Waste quality report which is more useful to buy the Cotton and Yarn Waste online. Entire market risk is buyer’s responsibility. ICS is not responsible for any market ups and downs.