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Nibha Ecgc Ppt
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Nibha Ecgc Ppt
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Nibha Ecgc Ppt
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Nibha Ecgc Ppt
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Nibha Ecgc Ppt
Nibha Ecgc Ppt
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    Presented By:
    Nibha Goyal
    MBA 2 IB
  • 2. Brief History
    Set up on 31st July, 1957
    1957 - Export Risks Insurance Corporation (ERIC)
    1964 - Export Credit & Guarantee Corporation Limited (ECGC)
    1983 - Export Credit Guarantee Corporation of India Limited (ECGC)
    Wholly owned by the Government of India
  • 3. ECGC – An Export Promotion Institution
    Provides credit risk covers to Exporters against non payment risks of the overseas buyers/buyer’s country in respect of the exports made.
    Provides credit Insurance covers to banks against lending risks of exporters
    Rated iAAA by ICRA.
    An ISO organization excelling in credit insurance services
    5th largest credit insurer of the world
    5 regional offices and 51 branches
  • 4. Vision and Mission
    • VISION
    To excel in providing credit insurance and trade-related services.
    To support the Indian Export Industry by providing cost-effective insurance and trade-related services to meet the growing needs of the Indian export market through the optimal utilization of available resources.
  • 5. Quality Policy
    To provide quality services through cost effective export credit insurance and other trade related services while striving to ensure –
    Stability, dynamism and growth to all its stakeholders
    Enhanced level of customer satisfaction and
    Continual improvement in business processes and procedures to attain global standards, through full employee participation.
    And continually reviewing and updating the Quality Management System to align it with the dynamic business environment.
  • 6. Brief History of Ludhiana Branch
    Ludhiana branch office was established on 01.07.1977 as a part of this Corporation.
    It has been set up to provide services to its customers namely, exporters and banks situated in Ludhiana, Rajpura, Goraya, Phaillaur, Bathinda, Sangrur, Moga, Kotakpura, Mukatsar, Malerkotla, Nabha, Ferozepur distt. in the state of Punjab.
  • 7. Departments in ECGC
    Marketing Department
    Policy Department
    Buyer Underwriting Department (BUD)
    Export Credit Insurance to Banks (ECIB)
    Accounts Department
    Administration Department
    Human Resource Department
  • 8. Risks covered by ECGC
    Commercial Risks
    Insolvency of buyer
    Protracted Default of buyer
    Buyer's failure to accept the goods
    Political Risks
    Import restrictions
    War/civil war/revolutions
    Additional freight or insurance charges
    Any other cause attributable to importing country
  • 9. L/C Opening Bank Risks
    • Insolvency of the L/C opening bank
    • 10. Failure of the L/C opening bank to make payment due within a specified period
    • 11. Non-payment or non-acceptance due to discrepancies in the L/C
  • Products and Services
    Credit Insurance Policies
    Export Credit Insurance Cover to Banks
    Special Schemes
  • 12. Credit Insurance Policies
    Shipments (Comprehensive Risks) Policy
    Small Exporters Policy
    Export Turnover Policy
    Specific Shipment Policy - Short Term(SSP-ST)
    Export (Specific Buyers) Policy
    Buyer Exposure Policies
    Consignment Exports Policy (Stockholding Agent and Global Entity)
    Service Policy
    Software Project Policy
    IT-enabled Services (Specific Customer) Policy
    Construction Works Policy
    Specific Policy for Supply Contract
    Insurance Cover for Buyer's Credit And Line of Credit
  • 13. Export Credit Insurance Cover to Banks
    Export Credit Insurance Packing Credit
    Export Credit Insurance-Export Production Finance (ECIB-EPF)
    Export Credit Insurance-Post -Shipment (ECIB -INPS)
    Export Credit Insurance-Export Finance (ECIB-EF)
    Export Credit Insurance-Export Performance (ECIB-EP)
    Export Finance (Overseas Lending) Guarantee
  • 14. Special Schemes
    Transfer Guarantee
    Overseas Investment Guarantee
    Exchange Fluctuation Risk Cover
    ECGC can cover exports to 237 countries.
    These countries are grouped in seven categories based on the risk assessment.
    Premium is determined on the country groupings and length of credit
  • 16. Ratio Analysis
  • 17. Current Ratio
  • 18. Quick Ratio
  • 19. Debt Equity Ratio
  • 20. Fixed Assets to Net Worth Ratio
  • 21. Gross Premium to Shareholder’s Funds
  • 22. Earning Per Share
  • 23. Trend Analysis
  • 24. SWOT Analysis of ECGC
    • Expertise Staff
    • 25. A near Monopoly position
    • 26. Location
    • 27. Vast information database
    • 28. Wide Coverage
  • Weaknesses:
    • Infrastructure Requirements
    • 29. Low customer service orientation
    • 30. Lack of Training
    • 31. Lack of Advertisement
  • Opportunities:
    • Building of Brand image through advertisement
    • 32. Active participation in export activities
    • 33. Performance recognition
    • Substitute products
    • 34. New entrants
  • Title
    Futuristic Schemes of Export Credit Guarantee Corporation of India Ltd.
  • 35. Objective
    To find out the problems and suggestions of exporters.
    To make new policies on the basis of these problems and suggestions.
  • 36. Research Methodology
    Research Design:
    The descriptive research design is used in this study.
    Sampling Plan:
    Universe:All exporters of India who have taken policy/policies from ECGC.
    Population:All exporters in Ludhiana who have taken policy/policies from ECGC.
    Sampling Unit: Any exporter in Ludhiana who has taken policy/policies from ECGC.
  • 37. Sampling Size: The numbers of respondents included in the study are 20.
    Sampling Technique: The sampling technique followed in research is convenience sampling.
  • 38. Limitations of the Study
    Convenience sampling is used, so the data may not be of that quality level as obtained by complete enumeration.
    The study is unable to escape the usual limitation due to constraints of Time.
  • 40. Figure 4.1 showing status of the organizations of exporters (n=20)
  • 41. Figure 4.2 showing annual turnover of exporters (n=20)
  • 42. Figure 4.3 showing policies taken by exporters from ECGC (n=27)
  • 43. Figure 4.4 showing problems faced by exporters while taking policies from ECGC (n=20)
  • 44. Figure 4.5 showing various problems faced by exporters related to ECGC (n=24)
  • 45. Others kind of schemes that exporters want from ECGC
    Multi Buyer Policy should be according to country rating
    Schemes should be according to commodity
    Approval of credit worthiness on buyers of poor countries
    International negative list of buyers should be available which can be accessed by all
    Exporters want accidental coverage
    Insurance on partial amount of shipment
    If goods are rejected by buyer then expenses on return of those goods
  • 46. Figure 4.6 showing willingness of exporters to pay additional premium (n=20)
  • 47. Suggestions given by Exporters for improvement in services
    Credit limit approval on buyer should be faster
    Information on buyers should be provided by ECGC
    It should ask buyer about reasons of non-payment
    Formalities should be less
    Cover on restricted cover countries should be provided
    Claims should be settled faster
    Maximum cover should be provided
    There should be customer oriented interactive programs and exporters meet in every quarter.
  • 48. Findings
    Most popular policies are shipment comprehensive risk policy and buyer exposure policies.
    Exporters do not face any kind of problem while taking policies from ECGC.
    The most common problem of exporters is to get cover on restricted cover countries.
    Exporters are willing to pay additional premium charged for additional services.
    Exporters want improvement in services.
    Exporters want new, customized policies.
  • 49. Suggestions
    Specific schemes should be provided for specific group of customers on the basis of their location or the commodity they export.
    To make available the negative list of buyers to all the policyholders.
    Cover on poor countries can be provided with higher premium.
    Time to time changes should be made in schemes according to the needs of the exporters (customization of policies).
  • 50. It should simplify the claim settlement procedure.
    Customer oriented interactive programs can be there.
    Formalities for policy issue should be as simple and less in number as possible.
    ECGC can conduct exporters meet and seminars which will also increase its awareness.
  • 51. New Scheme
    This policy will provide cover to Indian exporters against commercial and political risks involved in export of goods to poor countries (restricted cover countries) on short-term credit to a particular buyer. All shipments to the buyer in respect of whom the policy is issued will have to be covered. These policies can be availed of
    by exporters only if they have good experience with the buyer and
    by paying additional premium because of high risk
    Credit limit will be approved on the basis of the credit worthiness of the buyer.
    Period of policy: 6 months
    The policy will be issued for short term because of high risk.
    Percentage of Cover: 85%
  • 52. Conclusion