Here is an overview of the types of products and services that AxcessAsia offers:
| The following is a general overview of the manufacturing process applied for custom manufacturing projects. The level of manufacturing needs will determine what type of process shall be required at the start, including funding to initiate the process and sample production. |
- Mold (s) – Usually there is an initial NRE (Non-Recurring Engineering) payment associated with creation of the mold(s), however, this may also be aggregated over the final product price in some cases. The client retains ownership of the mold(s). All mold(s) are monitored exclusively by Axcess Asia to prevent any unauthorized transfer of intellectual property/patents, etc.
- Prototype / Sample (s) – In most cases the client will be responsible for providing funding for all initial samples. Axcess Asia will reserve the right to provide free samples and prototypes, depending on the nature of the project.
- Research & Development (including design, specialized packaging) – R&D charges may be accrued in the form of an NRE payment depending on the extent of engineering effort required. This charge is subject to the approval of the client and is sometimes negotiable depending on the nature of the project.
- Approvals – A sample assessment form is submitted by the client, in which the client either approves samples, or makes requests for additional modifications needed to meet the original client specifications. If the samples do not meet the specifications of the client, AxcessAsia is responsible for communicating to the supplier the reason for sample rejection and the additional requirements to make the design fully compliant with the client’s approval standards.
- Approvals – A sample assessment form is submitted. The client either approves samples, or requests are made for modifications until the samples meet the specifications and standards of the client.
- Rejections – If the samples do not meet the specifications of the client, Axcess Taiwan / China are responsible for communicating to the supplier the reason for refusal and make necessary modifications to the sample, pending the client’s approval.
FINANCING PAYMENT PROCESS
| The financing will require Axcess Asia U.S. to seek out and solidify credible sources of financial institutions that can assist in securing the levels of credit necessary for completing the transaction. See below for a breakdown: |
- Preproduction –Setup
Down payment- An assigned amount that is used to upstart the production needs offshore. We will require a 20%-30% down payment for all new clients. All terms of the down payment are negotiable and shall be in accordance of the purchase agreement. Irrevocable L/C or TT (bank wire) is acceptable forms of down payments.
- Post Production
Irrevocable L/C or TT (Bank wire)
Axcess Asia will evaluate which form of payment is suitable on a case by case basis. All transactions are unique and will require terms and conditions spelled out clearly in the purchase agreement.
Other Institution Post Production Financing
- Commercial Bank – Citibank, Bank of America, etc…
- Finance Company – PO financing. Factoring,
- Private Investment – Hedge or Private Equity Funds, Investment Groups
- Angel Investor – Offshore wealthy individual that need to float capital short term.
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