6.Mr. S.M. Narvekar,E C G C - PHARMEXCILpharmexcil.org/v1/docs/6_Mr_S.M.Narvekar_ECGC.pdf ·...

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6/20/2007 1 Welcome EXPORT CREDIT GUARANTEE CORPORATION OF INDIA LIMITED You focus on exports. We cover the. You focus on exports. We cover the risks.

Transcript of 6.Mr. S.M. Narvekar,E C G C - PHARMEXCILpharmexcil.org/v1/docs/6_Mr_S.M.Narvekar_ECGC.pdf ·...

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6/20/2007 1

Welcome

EXPORT CREDIT GUARANTEE CORPORATION OF INDIA LIMITED

You focus on exports. We cover the. You focus on exports. We cover the risks.

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EXPORT CREDIT GUARANTEE CORPORATION OF INDIA LIMITED

Ãä¶ã¾ããæã Ŷ㠺ããè½ãã Ìã̾ãã¹ããÀ Ôãâºãâ£ããè ºãñÖ¦ãÀãè¶ãÔãñÌãã ñ ¹ãƪã¶ã ã À¶ãã.

To excel in providing export credit insurance and trade related services.

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EXPORT CREDIT GUARANTEE CORPORATION OF INDIA LIMITED

¼ããÀ¦ããè¾ã ãä¶ã¾ããæ㠽ãò ÔãÖã¾ã¦ãã ã À¦ãã Öññ.

Helps to find out new marketsãÀã說ãÀ ¹ãÀ ããñ ããè½ã ã¦ãã Öñ

Review the credit worthiness ªñÍã ã ã Ôãîà½ã ¹ãÀãèàãã ã À¶ããAnalyses the country profile¹ã ã öãã¶Ôã ½ãò ½ãª¦ã ã À¶ãã.Support for providing export financeãäÀ ã ÌãÀãè ½ãò ÔãÖã¾ã¦ãã ã À¶ãã.Advise in debt recovery

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EXPORT CREDIT GUARANTEE CORPORATION OF INDIA LIMITED

ECGC : An Overview

1957 ã ãè Ô©ãã¹ã¶ããGovernment set up in 1957 under Ministry of Commerce. Board of Directors from various Sectors.à ãÌããè ãè ãã£ããÀ Â.800 ã ÀãñÀ.

Paid-up Capital of Rs.800 crore

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EXPORT CREDIT GUARANTEE CORPORATION OF INDIA LIMITED

ÊãØãã¦ããÀ ºãÖì¦ã ãÞ ã ¹ãƪÍãöã.Signs MOU with Govt. every year. Corporation has been rated Excellentfor last 3 yearsªãÌãã ¼ãìØã¦ãã¶ãClaims paid Rs.390.00 crore in 2005-06.13,000 Ôãñ ããä£ã ã¹ããÊããèÔããè£ããÀ ã .More than 13,000 Policyholers.

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EXPORT CREDIT GUARANTEE CORPORATION OF INDIA LIMITED

ECGC : An Overview

3 Êãã ã ãñ ¹ãÀ ããäÀªªãÀCorporation has data on more than 3 lakhbuyers and trade data on countriesªãÌããò ã ã ãäÍãÜãÆ ¼ãìØã¦ãã¶ã.Simplified procedure introduced for quick settlement of claim.24 ¹ãÆãñ¡ ã ã ãè ÔãìãäÌã£ãã.I t has 24 products to suit the requirements of various kinds of exporters and banks.

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EXPORT CREDIT GUARANTEE CORPORATION OF INDIA LIMITED

51 Íãã ããâ ñ.

5 Regional Offices, 51 Branches network connected by WAN and services are web-based.15 ºãñ ã ãÍãìÀ¶Ôã.

Corporate Agency Agreement with 15 Commercial Banks to sell its products. About 81 Banks with more than 4242 Branches are covered under Guarantee Schemes.

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EXPORT CREDIT GUARANTEE CORPORATION OF INDIA LIMITED

ECGC : An Overview

ºã¶ãà ¾ãìãä¶ã¾ã¶ã ãñ ÔãªÔ¾ã.Member of International Credit Insurers Association (Berne Union) since inceptionãã¾ã ããÀ ¡ãè ñ.Registered with IRDA on 27.9.2002.ªãÌãã ãä¶ã¹ã ã¶ãñ ã ãè àã½ã¦ãã.iAAA rating by ICRA Ltd. for claims paying ability.

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EXPORT CREDIT GUARANTEE CORPORATION OF INDIA LIMITED

ECGC Overall Performance 1957 to 2006

Ãä¹ãƽããè¾ã½ã ãã¾ã Á.4694.37 ã ÀãñÀ

ªãÌãã ¼ãìØã¦ãã¶ã Á. 4253.04 ã ÀãñÀ

ãäÀ ã ÌãÀãè Á. 735.42

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EXPORT CREDIT GUARANTEE CORPORATION OF INDIA LIMITED

ECGC Business Performance (Rs. In crores)

87.57126.00

352.12390.00

516.00578.00

2004-052005-06

62.93449.26445.482003-04

63.41437.06374.652002-03

26.76487.12338.522001-02

21.45212.49330.452000-01

RecoveryClaim PaidPremium Income

Year

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EXPORT CREDIT GUARANTEE CORPORATION OF INDIA LIMITED

ECGC Ahmedabad Branch Business (Rs. I n lakhs)

162.62668.99697.17

937.412816.861405.36

1885.002324.002373.00

2004-052005-062006-07

RECOVERYCLAIMS PAID

PREMIUM INCOME

YEAR

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EXPORT CREDIT GUARANTEE CORPORATION OF INDIA LIMITED

Providing Providing credit insurance coverscredit insurance covers to exporters to exporters against loss in export of goods & servicesagainst loss in export of goods & services

Providing Providing export creditexport credit guaranteesguarantees to banks & to banks & FIFI ss to enable exporters obtain better facilities from to enable exporters obtain better facilities from themthem

Providing Providing Overseas Investment InsuranceOverseas Investment Insurance to to Exporters Exporters -- Indian Entrepreneurs in Overseas Indian Entrepreneurs in Overseas Ventures (Equity/Loans)Ventures (Equity/Loans)

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EXPORT CREDIT GUARANTEE CORPORATION OF INDIA LIMITED

Whole Turnover CoverSpecific coverUtmost good - faithMaximum liabilityCo-insuranceCredit limitsDiscretions allowedCost of cover

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EXPORT CREDIT GUARANTEE CORPORATION OF INDIA LIMITED

To encourage Small Exporters

For Large Exporters

To cover Specific

Transactions

To Cover all Transactions

To cover Specific Buyer

To cover Services and

software exports

To cover Consignment

exports

To protect both Bank &

Exporter

Small Exporters Policy

Shipment Comprehensive

risk policy Policy

Services PolicySoftware project policy

IT enabled services policy

Exports (specific buyer)

Buyer Exposure

Full Fledged

Factoring

Export Turnover

Multi buyer exposure

Tailor-made policy

Consignment Exports Policy

Specific Shipments

Policy

SHORT TERMCOVERS

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EXPORT CREDIT GUARANTEE CORPORATION OF INDIA LIMITED

Commercial risksInsolvency of buyer/LC opening bankDefault of buyerRepudiation by buyer

Political risksWar/civil war/revolutionsImport restrictionsExchange transfer delay/embargo

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EXPORT CREDIT GUARANTEE CORPORATION OF INDIA LIMITED

Commercial disputesCauses inherent in the nature of goodsBuyer s failure to obtain Import licenseInsolvency/default of AgentsRisks covered by other general Insurers like transit loss etc.Exchange rate fluctuation

Failure of Exporter to fulfill terms of contract

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EXPORT CREDIT GUARANTEE CORPORATION OF INDIA LIMITED

Ascertain risks covered and risks not coveredTake the policy required for the purposeEnsure limit on the buyer to cover Remit premium in timeMonitor payments and Report overdue in timeInitiate timely recovery actionFile claim early

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EXPORT CREDIT GUARANTEE CORPORATION OF INDIA LIMITED

DECLARATIONS Submit quarterly/monthly declarations along with correct premium without any delay.

CREDIT LIMIT Apply for suitable Credit Limit on each buyer / LC opening bank.

REPORT DEFAULTS In case a bill remains unpaid declare such defaults in the prescribed form, after the specified waiting period.

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EXPORT CREDIT GUARANTEE CORPORATION OF INDIA LIMITED

Obtain necessary approvals for Extension, Conversion, Resale and Re-import of goods.

Submit Claim Form in time.

Continue with recovery steps and share the recovery as per the claim paid ratio.

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EXPORT CREDIT GUARANTEE CORPORATION OF INDIA LIMITED

Medium & Long Term

Specific Policies Construction works policyCover for Buyer Credit and Lines of CreditOverseas Investment InsuranceExchange fluctuation riskGuarantees Medium & Term Exports

Performance GuaranteeExport finance (Overseas Lending) GuaranteePacking credit and post shipment finance guarantees

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EXPORT CREDIT GUARANTEE CORPORATION OF INDIA LIMITED