Reborn as the richest man in India
Chapter 10 Earn 40 Lakhs
"I will make it clear to those people and ask them to deliver the goods first. When your deposit arrives, I will give them the deposit." Seeing Qiao Ge's confusion, Bosh couldn't help but explain.
He couldn't afford to get such a large loan from the bank, but he still had the power to ask nearby cotton operators to provide cotton first. If anyone was unwilling, he would have plenty of means to deal with them in the future.
Besides, these guys have a backlog of cotton, and now that I have found a way for them to get their money back, I have to be grateful to myself.
"Mr. Director, what's the purchase price?" Qiao Ge asked in a low voice.
"I don't quite understand this. You talk to them, but even if you let go and lower the price, I believe they won't dare to bargain now." Bosh said loudly. He had been speaking in English just now, so this sentence is also true. As soon as these words came out, I felt something was wrong. Hu Lin and the others were still there, "Counsellor Hu, it's hard for you to lower the price. It's not easy for young people to start a company for the first time."
"Of course." Hu Lin said with a smile, "We will base it on the market price. The export price of cotton continues to fall. However, we finalized this trade with Qiao Ge three days ago, so there will be no change in price."
After that, he explained to Zhao Rui and the others. Zhao Rui and the others didn't have much objection. After all, they came with the purpose of making good relations with India. Appropriate concessions were acceptable, and even at this price, for them Still relatively favorable.
Qiao Ge's mood was really ups and downs. Ten thousand bales were all collected by himself. Even if he earned 30 US dollars per bale, that would be 300,000 US dollars, which is equivalent to nearly 3.78 million rupees. His father's debt could be paid off in one go. .
In fact, he can lower the purchase price, which means that he will earn at least 4 million rupees.
He quickly came back to his senses and said to Singh: "Uncle Singh, I want to borrow 300,000 rupees from the bank."
"What are you doing?" Singer had just been calculating how much Qiao Ge could earn this time. After getting a rough estimate, he was extremely shocked. Before he could recover, Qiao Ge actually asked for a loan. He was a little confused.
Because Bosh's words have solved the problem of his shortage of funds. It is a completely empty hand, and it will be a profit as soon as it is changed hands.
"I also need to buy more hair, which involves transportation, warehouse rental, and various expenses." Qiao Ge said, "The 300,000 rupees I have are not enough."
Singer was speechless for a while. Isn't the big business in cotton enough?
I’m still thinking about my hair, how much can I earn?
Bosh was a little curious about what kind of hair it was, so he couldn't help but ask.
Qiao Ge didn't hide anything. He told him about the departure exit. Of course, he didn't mention the price.
"As for those temples, I can't come forward directly. Let's do this. I will send people to talk to those temples and ask them to sell you all the hair in stock. I believe they are also eager to clear their stock. As for the deposit, I will ask them to discuss it. It doesn’t need to be as much as 30%. If it is lowered appropriately, you can buy more, which is good for everyone." Bosh thought for a while.
Originally, he wanted to use the cotton trick and let Qiao Ge get the goods directly for free first, and then pay after the Chinese deposit arrived.
It's just a matter of temples and religions. Even if he is the director of the municipal government office, he has to be cautious and don't use force.
"There is still a problem of insufficient funds. It's easy to solve. Singh, just give Qiaogo a loan of 500,000 rupees. Go and tell Das that for my sake, just lend him a loan. Why, it's still not possible?" Bosh said again Said to Singer.
Lindy Das is the president of Singh's branch.
"Okay, no problem." Singer immediately responded loudly, slapping his chest, "I'll do it right away."
The loan of 5 million yuan just now was too much. It was impossible for him to agree to it, not even the president would agree to it.
However, for 500,000 rupees, Bosh's face is still barely enough.
Besides, Qiao Ge has now won a large export order of 10,000 bales of cotton. The risk on the bank's side is very small. I believe the president will sell Bosh to save face.
Qiao Ge was pleasantly surprised. Of course he didn't mind the money, so he could collect more hair.
Even Uncle Singh doesn't know the profits of the hair trade, how can he miss this opportunity?
Especially because of the blockage of the canal, hair has accumulated in the temple for nearly two months. Otherwise, they usually buy it once a week. Even if they get the hair halfway, it will only be enough for a week at most, which is much less.
Nothing like this will happen in the future.
A ton of hair costs 10,000 rupees, which is 3,000 rupees based on a 30% deposit.
Qiaogo's original 300,000 rupees were actually enough to purchase 100 tons of hair.
But he still wants to have more rupees in his hand and can borrow them from the bank. Why not borrow them?
After all, you have to spend money elsewhere. For example, if you go to buy hair from the private sector, you can't pay a deposit first, it must be the full price.
Moreover, the interest rate for direct loans from banks is the lowest. In the past, only large companies had the opportunity to get loans. He had no chance at all, so it was a good deal no matter what.
"Boss Huang, if the hair I purchased exceeds 30 tons, do you still want it?" Qiao Ge asked.
Qiao Ge was a little disdainful of the 30-ton upper limit they mentioned before.
I believe that with Bosh coming forward, my previous worries that those temples may not trade with me will probably disappear. At least I can guarantee that I can purchase the hair from most temples.
Huang Delou couldn't help but smile, this kid even provoked him.
30 tons of hair, calculated at US$5 per kilogram, is US$150,000.
I'm buying and selling cotton here, and I've done millions of dollars in business, but I'm still short of hundreds of thousands of dollars?
"Then I'll take all the hair within 100 tons." Huang Delou said with a smile, "I don't think you can get that much hair in seven days, ten tons will be enough."
100 tons is 500,000 U.S. dollars. If the three of them share it, it won't be a big problem. After all, just 10,000 bales of cotton cost 1.7 million U.S. dollars.
"If there's no problem, then sign the contract, and also sign the hair trade contract." Bosh laughed.
We also have to solve the problem of feeding port workers. As long as goods are exported, we have to find people to work. I believe it will help appease these workers.
Qiao Ge and Huang Delou discussed it again. It would take a few more days for the hair contract to be signed. After all, Qiao Ge had to receive the hair first, and then they could estimate the payment based on the hair grade and quantity.
In this regard, Bosh no longer insisted on signing the contract. He could see that the Chinese should still be trustworthy and the hair trade should be no problem.
The cotton contract was signed on the spot. For this reason, Hu Lin called the embassy in New Delhi through the hotel phone. After explaining the situation, he asked them to contact Zhao Rui and the relevant persons in charge in China, and asked them to report it to Qiao Ge's Gupta Foreign Trade Co., Ltd. Make payment.
Long distance calls cannot be made directly from the hotel, and Hu Lin has to report this matter to the embassy, which is a happy event.
An hour later, the embassy responded, saying that the deposit of US$510,000 was sent through Zhao Rui and his company in Hong Kong. Although it was expedited, it would take at least three days to arrive.
Since China's current foreign exchange system is a dual-track system with strict foreign exchange controls, in order to better retain foreign exchange, many Chinese businessmen have set up companies in Hong Kong. Through Hong Kong companies and foreign trade, they can keep foreign exchange remittances in Hong Kong company accounts. to facilitate payment and receipt.
This is considered an offshore company.
It’s done. This business far exceeded Qiao Ge’s expectations. He actually handed over 10,000 bales to prepare the goods. Only now did he feel truly relieved and waited for the money to arrive.
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