Siva Silks Exports is a company that exports traditional Indian items like sarees, apparel, and ornaments to Indian communities in countries like Canada, Switzerland, Germany, and Malaysia. The document discusses the company's foreign exchange management and various hedging tools used to manage risks associated with currency fluctuations that can impact profits. It provides definitions of different types of foreign exchange risks, reasons for hedging risks, and stages of the risk management process. Suggestions are made to improve the company's visibility, staffing, promotion efforts, and on-time delivery performance.