Case Study on Lease
Case study
ULC operates different types of lease in Bangladesh. In our report, we focus on purchase order type of lease conducted by ULC. Generally there are three party involved in a purchase order lease. They are-
• The leasing company
• The borrower
• Vendor
In our report, these parties are-
• United leasing company
• Apollo Hospital Ltd
• Siemens
Therefore, here Apollo hospital ltd is the borrower and siemens is the vendor.
Now we will discuss the steps of the process of purchase order lease financing according to the followed case.
1. Quotation from Apollo hospital ltd:
Apollo hospital as the biggest hospital in our country, which always gives the assurance of providing the best service to the patient, wanted to accommodate with some powerful generators that problem can be created from load shedding. However, buying those is so much expensive and the prudent financing manager decided to make the best use of their fund. With this view to fulfill their need by the best method they sent the quotation to the united lease company with all the information such as product name, price and product specifications etc. here the quotation is given below: Product name 5 Siemens European diesel generator
Product price 1,25,00,000 taka
Product specifications 1000 KVA prime
Apollo sent this quotation to the ULC on 11th March,2006 written in their letterhead pad where the name of the hospital was must to mention.
2. Acceptance from Apollo hospital ltd;
After the quotation had reached the ULC, then the management found that it has the capacity to provide lease of the generators according to the quotation. So ULC accepted the quotation and agreed to provide lease to Apollo.
3. Loan, lease book:
ULC keeps all the necessary information about the borrower in their lease book. In this case, the information collected about the apollo hospital ltd in the lease book are given below. Borrower name: Apollo hospital ltd
ULC operates different types of lease in Bangladesh. In our report, we focus on purchase order type of lease conducted by ULC. Generally there are three party involved in a purchase order lease. They are-
• The leasing company
• The borrower
• Vendor
In our report, these parties are-
• United leasing company
• Apollo Hospital Ltd
• Siemens
Therefore, here Apollo hospital ltd is the borrower and siemens is the vendor.
Now we will discuss the steps of the process of purchase order lease financing according to the followed case.
1. Quotation from Apollo hospital ltd:
Apollo hospital as the biggest hospital in our country, which always gives the assurance of providing the best service to the patient, wanted to accommodate with some powerful generators that problem can be created from load shedding. However, buying those is so much expensive and the prudent financing manager decided to make the best use of their fund. With this view to fulfill their need by the best method they sent the quotation to the united lease company with all the information such as product name, price and product specifications etc. here the quotation is given below: Product name 5 Siemens European diesel generator
Product price 1,25,00,000 taka
Product specifications 1000 KVA prime
Apollo sent this quotation to the ULC on 11th March,2006 written in their letterhead pad where the name of the hospital was must to mention.
2. Acceptance from Apollo hospital ltd;
After the quotation had reached the ULC, then the management found that it has the capacity to provide lease of the generators according to the quotation. So ULC accepted the quotation and agreed to provide lease to Apollo.
3. Loan, lease book:
ULC keeps all the necessary information about the borrower in their lease book. In this case, the information collected about the apollo hospital ltd in the lease book are given below. Borrower name: Apollo hospital ltd