Encipher Exports

Pre Shipment Finance is issued by a financial institution when the seller want the payment of the goods before shipment. The main objectives behind preshipment finance or pre export finance is to enable exporter to: Procure raw materials. Carry out manufacturing process. Provide a secure warehouse for goods and raw materials. Process and pack the goods. Ship the goods to the buyers. Meet other financial cost of the business. Types of Pre Shipment Finance Packing Credit Advance against Cheques/Draft etc. representing Advance Payments. Preshipment finance is extended in the following forms : Packing Credit in Indian Rupee Packing Credit in Foreign Currency (PCFC) Requirment for Getting Packing Credit This facility is provided to an exporter who satisfies the following criteria A ten digit importerexporter code number allotted by DGFT. Exporter should not be in the caution list of RBI. If the goods to be exported are not under OGL (Open General Licence), the expo

Free-machining brasses  Brass is a metal alloy made of copper and zinc. The presence of other elements in brass such as lead is often required to improve machinability. The superior machinability of brass is ideal for producing parts that are used in a variety of applications including valves, fittings and electrical components. The most commonly used, free-machining brass is UNS alloy C36000. In some applications such as potable water systems, federal and state regulations restrict the use of lead. This may require the specification of low or lead-free brasses. Some lead-free brasses rely on elements other than lead to improve machinability and other properties such as strength, hardness and corrosion resistance. The importance of scrap  The entire economy of the brass industry is dependent on the economic recycling of surplus material, or scrap. Brass for extrusion and hot forging is normally made from a basic melt of scrap of similar composition adjusted as requ

Introduction Post Shipment Finance is a kind of loan provided by a financial institution to an exporter or seller against a shipment that has already been made. This type of export finance is granted from the date of extending the credit after shipment of the goods to the realization date of the exporter proceeds. Exporters don’t wait for the importer to deposit the funds. Basic Features The features of Post-shipment finance are: 1) Purpose of Finance : Post-shipment finance is meant to finance export sales receivable after the date of shipment of goods to the date of realization of exports proceeds. In cases of deemed exports, it is extended to finance receivable against supplies made to designated agencies. 2) Basis of Finance : Post-shipment finances is provided against evidence of shipment of goods or supplies made to the importer or seller or any other designated agency. 3) Types of Finance : Post-shipment finance can be secured or unsecured. Since the finance

Tiles find wide-ranging applications in the construction sector.  They are used for covering floors, roofs, walls, and table tops of buildings.  The function of such tiles varies from providing protection and durability to enhance the aesthetic appeal of walls and buildings.  Tiles are made using various materials such as stone, metal, ceramic, and glass.  Tiles made from ceramic materials are referred to as ceramic tiles and find extensive applications in the construction business.  Based on application, ceramic tiles can be classified into floor tiles, wall tiles, industrial tiles, and vitrified or porcelain tiles.  Ceramic tiles are lightweight, corrosion-resistant, durable, they show consistency in color and easy to maintain.  These properties make them a much preferred option for use in the construction industry, which is driving the India ceramic tiles market.  Moreover, ceramic tiles are used to decorate homes.  This can present several opportunities in th

Rubicon Global, Atlanta, a provider of waste, recycling and smart city solutions to businesses and governments, plans to add smart city and sustainability expertise to both its board of directors and its advisory board.  Former Indianapolis Mayor Stephen Goldsmith joined Rubicon’s board of directors and former Philadelphia Mayor Michael Nutter joined Rubicon’s advisory board. Both roles are effective immediately. According to a Rubicon news release, the former mayors will work with the company’s executive leadership team in advisory roles, specifically around technology adoption and the growth of Rubicon’s smart city offering.  The company says its RUBICONSmartCity platform provides waste, recycling and community infrastructure data that enables cities to reduce operating expenses, divert waste from landfills, implement and improve recycling programs, track metrics and work toward long-term sustainability goals. Nate Morris, Rubicon Global’s chairman and CEO, says in

Potential sources of financing for your new business are equity (shares of the business) and debt (loans).  Equity investors will look for potential profits and increases in value, whereas lenders will be concerned about cash flow, which for them boils down to generating enough cash every month to make your principal and interest payments In general, you cannot get financing without putting some of your own money into the business (usually at least a quarter of the total). Both investors and lenders look at the ratio of debt to equity, or leverage, to make sure it is not dangerously high. Your Own Resources:  Equity : Your personal savings Debt : Personal loans, especially home equity loans Note 1: "It is usually quicker, easier, and cheaper to use personal loans for a business start-up than to try to get a loan to the business itself. Home mortgages are an easy solution, but in the worst case you could lose your house." Note 2: " Try to avoi

Most small businesses are started with inadequate market studies or with none at all.  Yet a market study is almost the only way to support your income (sales) projections and your marketing plan.  the two most important products had very low market potential. If the entrepreneur had equipped his plant before finding this out, he would have had a major problem.  The other two products had fairly high market potential, and because of the study, he knew how to market them and to whom to sell them. The following is a topical outline for a report on the market for any product being exported from one country to another.  If you can produce or buy this kind of information before you begin, you might decide to try another product or another market.  If you decide to go ahead, your chances of success will be increased considerably.  Moreover, a solid market study looks very good to potential investors and lenders. Basic Information Product name and HS number Country of ori

Some countries require that goods shipped to the country be accompanied by a certificate of origin designating the place of manufacture or production of the goods. This is signed by the exporter, and, usually, a local chamber of commerce that is used to performing this service (again, for a fee) certifies to the best of its knowledge that the products are products of the country specified by the exporter. The exporter may exports to or imports from Canada or Mexico. In general, in order to be eligible for the duty-free or reduced duty rates under NAFTA, all items imported from outside of North America must have undergone the ‘‘tariff shift’’ specified in Annex 401 during the manufacturing process for that product. Certificates of Free Sale  Sometimes an importer will request that an exporter provide a certificate of free Sale. Loosely speaking, this is a certification that a product being purchased by the Importer complies with any U.S. government regulations for marketing the

Because of tough competition, you can sell only if the quality of your product is better than that of your competitors, the price most competitive and the buyers get delivery on time . In order to achieve all this, one needs to have access to international standard quality materials and capital goods . We also need to have better technology at our command as there is a sea change in the markets worldwide. We have moved from letters to e-mails, telefaxes to video conferencing and manually operated phones to cellular phones via satellite. Today it is not possible to compete in the world without a better technological product. We cannot match the standards of quality and services that others offer if we happen to be out-dated – and that means out of market as well. By accepting membership of the World Trade Organisation (WTO) , India has become a part of the global village. New trade blocks are emerging and new world order is getting established. Even regional trading

India’s economic structure today presents a distinctly different picture from what it was in 1991 when economic reforms started.  In 1991 our foreign exchange reserves had depleted substantially.  We then had just enough reserves to tide over the import requirements of three weeks.  It was in this context that India gradually started dismantling its quantitative restrictions, partially liberalised its exchange rate and reduced the peak rate of customs duties.  The average duty on all products stands reduced from over 70% in 1991-92 to 12% in 2008-09.  However, at the same time the whole world was rushing towards globalisation and integration.  Had India not joined the race, the economic scenario could have worsened.  The only recourse left to India was to increase its exports to tide over the ever-increasing imports.  We were aiming to gain a considerable proportion of international business and make our presence felt on the international front.  The Government

The entire 14-step process for conducting an export transaction is summarized. Take for example an Indian importer and US exporter. Step1 : The Indian importer places an order with the US exporter and asks the American if he would be willing to ship under a letter of credit. Step 2 : the US exporter agrees to ship under a letter of credit and specifies relevant information such as price and delivery terms. Step 3 : the Indian importer applies to (e.g.) State bank of India for a letter of credit to be issued in favour of the US exporter from the merchandise the importer wishes to buy. Step 4 : the state bank of India issues a letter of credit in the Indian importer’s favour and sends it to the US exporter’s bank, the bank of New York. Step 5 : the bank of New York advices the US exporter of the opening of a letter of credit in his favour. Step 6 : the US exporter ships the goods to the Indian importer on a common carrier. An official of the carrier gives the export