Credit purchasing, particularly within the construction industry, profoundly impacts financial management and budget optimization. Mammut Structures Company extends exclusive credit purchase options for its products—including sandwich panels, containers, prefabricated buildings, and metal structures—to builders, contractors, and industry professionals. With four distinct credit purchasing methods available, clients can select the option that best aligns with their specific requirements, facilitating greater flexibility and convenience in procurement.
This method allows buyers to purchase sandwich panels with payment terms ranging from one to six months. The bank or financial institution guarantees that the payment will be made on the due date. The process includes submitting an application, issuing a proforma invoice, and submitting the required documents to the bank.
The buyer can provide a check to the seller as a guarantee for timely payment. The following factors are reviewed when evaluating the customer’s request: absence of bounced checks in the customer’s financial history, a verifiable employment record, a bank account balance commensurate with the purchase amount, and the provision of a supporting guarantee to ensure the check is honored.
Industry professionals can utilize banking facilities to secure liquidity. Different conditions apply to individuals and legal entities, and the required documentation must be submitted to the bank.
In this method, the bank acts as a guarantor, committing to pay a specified amount by the due date. The buyer must submit a guarantee request to the bank, which, after review, issues the bank guarantee.
Purchase Request:
The customer submits their purchase request to the company, providing essential information such as the bank name, branch, and required panel dimensions. If the customer is a company, the buyer’s company details must also be provided at this stage.
Issuance of Proforma Invoice:
Mammut Structures Company issues a letter of credit (LC) proforma invoice to the buyer, detailing the agreed terms, schedules, and other relevant information.
Opening the Letter of Credit:
The proforma invoice is submitted to the bank, and upon completing the required documents, the LC is opened. The buyer then submits the original LC to the company.
Advance Payment:
The proforma invoice is delivered to the bank. Subsequently, upon the buyer completing the necessary documents, the bank opens the LC. The buyer hands over the original LC to Mammut Structures, and the final contract documents are prepared. At this stage, a portion of the contract amount must be paid as an advance. The advance amount varies depending on the contract type, generally ranging between 30% to 40% for 3-month contracts and 40% to 50% for 6-month contracts. Additionally, the buyer must confirm the exact panel dimensions at this stage.
Production and Delivery:
After production and preparation, the manufactured goods are inspected by a bank-approved inspector. Upon the inspector’s approval, the remaining balance is paid to Mammut Structures Company by the due date.
Failure to make the payment by the due date may result in a late payment penalty.
Buyer’s Identification Details
Seller’s Information
Subject of the Contract
Issue Date and Validity
Guarantee Amount
Includes full name, address, and complete details
Includes name, address, and contact number
Purchase details
Guarantee validity start and end dates, shipping date
Specified amount for the guarantee
Registration and Establishment Documents
Board of Directors’ Identification Documents
Company Registration Notice
Audit Report
Board of Directors’ Agreement
Official Company Registration Documents
Identification Documents of Board Members
Publication in the Official Gazette
Company Financial Records
Members’ Agreement Regarding Loan Acquisition
Guarantor Information
Personal Identification Documents
Proof of Residence
Tax Declaration
Guarantor’s Identification Documents
Applicant’s Personal Identification Documents
Documents Related to Residential Address
Tax-related Documents
MamMut Structures is a leading and specialized manufacturer of a wide range of sandwich panels, modular containers, steel structures, and prefabricated buildings. Leveraging cutting-edge technologies and a team of highly skilled professionals, we ensure excellence and innovation in every project. Partnering with us establishes a foundation for sustained and mutual success.
