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HEARTY WELCOME TO PHARMEXCIL MEMBERS ‘ECGC Support for Indian Exports’

HEARTY WELCOME TO PHARMEXCIL MEMBERS ‘ECGC Support for Indian Exports’. Incorporated 30/07/1957 Ownership Govt. of India Primary Objective Export Credit Insurance Role Export Promotion Capital Authorised Rs 1000 Crores Paid-up Rs 900 Crores. ABOUT US.

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HEARTY WELCOME TO PHARMEXCIL MEMBERS ‘ECGC Support for Indian Exports’

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  1. HEARTY WELCOME TO PHARMEXCIL MEMBERS ‘ECGC Support for Indian Exports’

  2. Incorporated 30/07/1957 Ownership Govt. of India Primary Objective Export Credit Insurance Role Export Promotion Capital Authorised Rs 1000 Crores Paid-up Rs 900 Crores ABOUT US

  3. Registered with IRDA / MOU with GOI IS/ISO 9001:2000 compliant iAAA rating – ICRA – Highest claim paying ability Global expertise – Member of Berne Union World’s Oldest - Vast Experience & Knowledge Quicker decisions - WAN & E- Connectivity Most rationalised premium rates Diversified Products Cover to 237 countries About - ECGC

  4. RISK!!

  5. “Anything is possible”, said an intellectual, and “my experience is that the contingencies not provided for are those which happen” TIME’S ISSUE DATED 08.07.91 SAYING

  6. EVERY DAY MORE THAN one …. Analysis of data by an Int’l Agency shows that in Advanced Economies • New business is formed • Company changes its name • Directorship changes • Share ownership changes • Company changes control • New sets of Accounts are keyed in • AND • More than one Corporation Fails Every day!

  7. US sub-prime mortgage losses may touch $300 billion: OECD Lehman Brothers, 158 yr Old & fourth largest investment bank went bankrupt Worlds largest Insurer in trouble Worlds largest car manufacturer files for bankruptcy protection Military takes over in Thailand India Votes against Iran at IAEA Meet FDA bans 30 drugs of Ranbaxy US take military action on Iraq UN Sanctions on Iran Terrorism shows its ugly face in Mumbai

  8. EXPORT INSURANCE Goods Receivables Loss or Damage Exchange Risk Payment Risk Hedging by Authorized Dealers CREDIT INSURANCE Marine Insurance

  9. Commercial Risks (Buyer / LC Issuing Bank) Insolvency Protracted Default Contract Repudiation Policies - Risks Covered

  10. Inconvertibility War, Civil War etc Import Restrictions Shipment Diversion Political Risks - Covered

  11. Underwriting risks on a buyer means determination of the capacity or willingness of the buyer to meet his financial obligations at a future date Assess the three C’s Character Capacity Capital Evaluating a Buyer

  12. Opinion of Credit Information Agency ECGC’s Experience Commodity Country Evaluating a Buyer - Other Factors

  13. Age of business and age under present management Status Branch/Subsidiary of a company domiciled in a third country Type of Business Evaluating a Buyer - Non-Financial Factors

  14. Net Worth Currency ratio Bank Borrowings Current account Balances Sales Turnover Payment Record Evaluating a Buyer - Financial Factors

  15. Support Options • Shipments (Comprehensive Risks) Policy • Exports Turnover Policy • Consignment Exports Policy • Exposure Policies • Software / ITES Policies • MLT Policies

  16. MSMEs & the following commodity exporters – Addl. 5% cover under Policies Textiles ( including handicrafts and handlooms), Gem & Jewellery Leather Engineering goods Carpets Project goods Auto components Chemicals Export credit advances to MSME borrowers – Addl. 10% cover for Banks Additional cover available for shipments /advances made/ granted during the period 1st Jan 09 to 30th June 09 Export Stimulus Package

  17. …Stats Rs. in Cr.

  18. Rs. in Crores

  19. Claims Experience – Since 1957 to 06-07 Rs. in Crores

  20. visit us at ‘www.ecgc.in’contact us at ‘chennai@ecgc.in’Tel: 28491026-33THANK YOU..

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