SANJEEVANI PVT LTD Name: Shibani Bordia. ROADMAP Introduction Products and its market Formalities Procedure Finance.

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Presentation transcript:

SANJEEVANI PVT LTD Name: Shibani Bordia

ROADMAP Introduction Products and its market Formalities Procedure Finance

INTRODUCTION Deals with and are merchant exporters of Ayurvedic medicines Ayurvedic medicines are a gift of India’s rich heritage and have no side effects It is presently in daily use by millions of people in India, Nepal, and Sri Lanka The major supplier of the company is Dollar Company Private Ltd Being satisfied with the products’ growing domestic market, the Dollar company has a three year venture with Sanjeevani pvt ltd with a view to enter export market.

PRODUCTS AND ITS MARKET PRODUCTS Acidity and Indigestion (For Children)- Syrup Pain Relief- Tablet Asthma Relief - Syrup Stress Relief- Capsule Liver Disorder- Capsule MARKET SEGMENTS USA UK Australia Indian sub-continent (Nepal & Sri Lanka) Other European countries

Bank Formalities Registering with Regional Licensing Register With Export Promotional Council Export Credit Insurance Acquire License FORMALITIES

BANK FORMALITIES An exporter has to select a bank which undertakes all banking formalities connected with negotiations of documents and realization of export procedures. A current account is operated for export business. The bank must be authorized to deal in foreign exchange. Duly signed application form should be supported by the following documents to open a current account in any commercial bank:-  Copy of registration of companies  Signature of trader, secretary, chairman  2 Passport size of each individual  Signature of a person who has account in any bank

REGISTERING WITH REGIONAL LICENSING The Customs Authorities will not allow to import or export goods into or from India unless the company hold a valid IEC number. For obtaining IEC number the company should apply to Regional Licensing Authority the duly signed application form should be supported by the following documents: Letter head from the bank with stamp and signature to the Director General of Foreign Trade (DGFT). Bank Receipt (in duplicates)/Demand Draft for payment of the fee of Rs. 1,200/- in the name of DGFT Certificate from the Banker of the applicant firm. Two copies of Passport size photographs of the applicant duly attested by the banker to the applicants. A copy of Permanent Account Number issued by Income Tax Authorities. If PAN has not been allotted, a copy of application of PAN submitted to Income Tax Authorities. A copy of export profile Copy of the registrar of companies certificate

REGISTER WITH EXPORT PROMOTIONAL COUNCIL In order to obtain benefits/concession under the export-import policy, the company is required to register with an appropriate export promotion agency by obtaining registration-cum- membership certificate. As the company is dealing with Ayurvedic medicines it has to register itself with Pharmaceutical Export Promotional Council (PHARMEXIL). The duly signed application form should be supported by the following documents:  An application for registration should be accompanied by a self certified copy of the Importer-Exporter code number issued by the Regional Licensing Authority concerned  Bank certificate in support of the applicant's financial soundness.  As we are registering as a manufacturer exporter, we gave the copy of registration with registrar of companies

EXPORT CREDIT INSURANCE Export credit insurance protects the company from the consequences of the payment risks, both political and commercial. Also it expands the overseas business without fear of loss. Export Credit Insurance can be obtained from the Export Credit and Guarantee Corporation of India Limited. Benefits of Commercial Risks policy  Insolvency of the Buyer.  Failure of the buyer to make the payment due within a specified period normally 4 months from the due date.  Buyer’s failure to accept the goods, subject to certain conditions.

ACQUIRE LICENSE Export license is required for following things :  Export of Canalized Items  Trade Fairs/Exhibitions  Gifts/Spares/Replacement Goods  Export through Courier Service

PRE SHIPMENT STAGE Receipt of Confirmed Order Obtaining a Letter of Credit Obtaining Export License Obtaining Pre Shipment Finance Procurement of goods Packaging and marking Pre Shipment Inspection Central Excise Clearance ECGC Cover

SHIPMENT STAGE Reservation of space in the ship Arrangement of Internal Transport from Warehouse Preparation & Processing of Shipment Documents

POST SHIPMENT STAGE Submission of Documents by the agent to the exporter Shipment advice to importer Preparation of Documents to the Bank for Negotiations Dispatch of Documents Documentary bill of exchange Letter of Indemnity Realizations of Export Proceeds Processing of GR Form

FINANCE Financial assistance to the exporters is generally provided by Commercial Banks, before shipment as well as after shipment of the said goods. The assistance provided before shipment of goods is known as pre- shipment finance and that provided after the shipment of goods is known as post-shipment finance  Pre-shipment finance An application for pre-shipment advance should be made along with the following documents: export order/contract or L/C etc. in original Exporter or Export/Trading/Star Trading House stating that they have not/will p 7 3 not avail themselves of packing credit facility against the same transaction for the same purpose till the original packing credit is liquidated. Copy of Exporter's Code Number Appropriate policy/guarantee of the ECGC.

FINANCE(CONTI...)  Post-shipment finance Purchase of Export Documents drawn under Export Order Advances against Export Bills Sent on Collection Advance against Goods Sent on Consignment Basis Advance against Undrawn Balance Advance against Retention Money Negotiation of Export documents Drawn under L/C

THANK YOU