...Exim Policy 2002-2007 MARAN LAUNCHES FOCUS: AFRICA PROGRAMME NEW TERRITORIAL INITIATIVE TO BOOST TRADE WITH AFRICA Shri Murasoli Maran, Union Minister of Commerce & Industry, launched the "FOCUS: AFRICA" Programme giving a boost to India’s trade with the Sub-Saharan African Region, while announcing the first 5-year Exim Policy of the new millennium here today. The programme FOCUS:AFRICA is geared towards tapping the tremendous potential for trade with the sub-Saharan African region, which had remained negligible despite the growth recorded in India’s trade with Africa in recent years. The share of the sub-Saharan region in Africa’s total trade has grown from 45 per cent in 1995 to 71 per cent in 1999. During 2000-2001, India’s total trade with Sub-Saharan Africa was US $ 3.3 billion. Out of this, India’s exports accounted for US $ 1.8 billion and imports were US $ 1.5 billion. In the first phase of the "FOCUS: AFRICA" Programme, the target countries identified are: Nigeria, South Africa, Mauritius, Kenya, Ethiopia, Tanzania and Ghana. These seven countries accounted for nearly 70 per cent of India’s total trade with the Sub-Saharan African Region during 2000-2001. Similarly, certain target commodities for export focus have also been identified. These are: • Cotton yarn, fabrics and other textile items; • Drugs & pharmaceuticals; • Machinery & instruments; • Transport equipment; and • Telecom and information technology In...
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...I. INTRODUCTION. At the top of the corporate structure will be a Board of Directors headed by a chairman or President and a Managing Director. It is their task to determine the overall policy of the business and future direction that the company will take. Policy areas which will be decided the by top management might include. The philosophy of the company’s logistics strategy. The routes that the company will serve. The type and size of vessels used. Fleet replacement policy (owning and chartering). Flag policy. Membership of alliances and conferences. In house ship management or contracted out. Marketing and pricing strategies, in house or independent agency. Financial performance. Having established the policy the board will delegate the management of these functions to various operating departments. An agent is a person who acts for or behave of another in such manner that the principle is legally liable for all acts under agency. An agent function is to bring his principle into contractual relationship with third parties. Under the English law an agency relationship arise when one person, who is called the agent is authorized or considered by law as authorized to represent another person called the Principal in such a way to be able to affect the principal’s legal position. This is the general principle of any agency agreement. However, this situation can be extended by agreement and terms of the appointment can sometimes give the agent rights of lien also...
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...[pic] American International University-Bangladesh (AIUB) INTERNSHIP AFFILIATION REPORT ON “Letter Of Credit Procedure of EXIM Bank Ltd.” An Internship Affiliation Report Presented to the Faculty of Business Administration in Partial Fulfillment of the Requirements for the Degree of Bachelor of Business Administration Supervised By: Mr. Roomee Tareque Moudud Assistant Professor & Director (OPA) Faculty of Business Administration Submitted By: Faiza Irma Chowdhury ID # 09-14499-2 Major: Accounting & Finance Date of Submission: 22 July 2012 INTERNSHIP AFFILIATION REPORT ON “Letter Of Credit Procedure of EXIM Bank Ltd.” Letter of Endorsement The Internship Affiliation Report entitled LETTER OF CREDIT PROCEDURE OF EXPORT IMPORT BANK OF BANGLADESH has been submitted to the Office of Placement & Alumni, in partial fulfillment of the requirements for the degree of Bachelor of Business Administration, Major in ACCOUNTING AND FINANCE, Faculty of Business Administration on 14th August, 2012 by Ms. FAIZA IRMA CHOWDHURY, Id # 09-14499-2. The report has been accepted and may be presented to the Internship Defense Committee for evaluation. (Any opinions, suggestions made in this report are entirely that of the author of the report. The University does not condone nor reject any of these opinions or suggestions). ______________________ Mr. Roomee Tareque Moudud Assistant Professor...
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...Internship Report Subject: Interrelation Between Products, Interest RATES & Terms Of Finance Internship Organization: United Leasing Company Limited 22 , Kazi Nazrul Islam Avenue, Dhaka Prepared for: Internship Supervisor Mr. Imran Rahman Associate Professor IBA, Univ. of Dhaka Prepared by Maruf Haider ZR 33, BBA 10th Institute of Business Administration University of Dhaka. June 25, 2006 June 25, 2006 Mr. G. M. Chowdhury Chairman Internship & Placement Program Institute of Business Administration University of Dhaka Dear Sir: I am glad to submit my Internship Report for the Internship Program (BBA 10th, 2006), herewith. I considered your remarks and instructions very carefully while preparing this report. I tried my level best to follow your schedule, format and discipline. I tried to comprehend all the areas related to this report. This has certainly enhanced my knowledge base with a practical orientation. Thank you for your consideration. Sincerely Yours, Maruf Haider ZR -33 , BBA 10th IBA Univ. of Dahaka Table of Contents Section 1 –Organization report 1.1 Background of ULC 1.2 Corporate Objective 1.3 Capital, Sponsors and Share Structure 1.4 Board of Directors 1.4.1 Executive Committee 1.5 Organizational Structure 1.5.1 Management 2.1 Lease Portfolio and Sector wise Exposure 2.2 Performance of ULC at a Glance 2.3 SWOT Analyses...
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...demand for better service increases day by day, they are coming with different innovative ideas and products. In order to survive in the competitive field of the banking sector, all banking organization are looking for better service opportunity to provide their fellow clients. As a result, it has become essential for every person to have some idea on the bank and banking procedure. Origin of the Report As a pre-requisite for the Bachelor of Business Administration (BBA program) of Eastern University, Bangladesh I was required to complete an internship for a period of three months in a suitable business organization and submit a report on my findings. I had selected to work as an internee in Export-Import Bank of Bangladesh Limited (EXIM), Head Office Corporate...
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...Export – Import PROCEDURES AND DOCUMENTATIONS | | | | | Acknowledgement I am very glad to prof. Rita Khatri for giving me such a knowledgeable project. It was an immense pleasure to work on this project. In this project I acquire knowledge of online advertising . I am also hoping for such good and knowledgeable projects in future also. Thank You…. EPC (Export Promotion Council) The Export Promotion Councils are non-profit organisations registered under the Indian Companies Act or the Societies Registration Act, as the case may be. They are supported by financial assistance from the Government of India. Role The main role of the EPCs is to project India's image abroad as a reliable supplier of high quality goods and services. In particular, the EPCs encourage and monitor the observance of international standards and specifications by exporters. The EPCs keep abreast of the trends and opportunities in international markets for goods and services and assist their members in taking advantage of such opportunities in order to expand and diversify exports. Functions The major functions of the EPCs are as follows: 1. To provide commercially useful information and assistance to their members in developing and increasing their exports 2. To offer professional advice to their members in areas such as technology upgradation, quality and design improvement, standards and specifications, product development and innovation etc. 3. To organise...
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...Participants in LC Process * Buyer * Issuing Bank * Advising Bank * Seller (Beneficiary) Steps in the Letter of Credit Process I. Buyer and seller agree to terms including means of transport, period of credit offered (if any), and latest date of shipment acceptable. II. Buyer applies to bank for issue of letter of credit. Bank will evaluate buyer's credit standing, and may require cash cover and/or reduction of other lending limits. III. Issuing bank issues LC, sending it to the Advising bank by airmail or electronic means such as telex or SWIFT. IV. Advising bank establishes authenticity of the letter of credit using signature books or test codes, then informs seller (beneficiary). V. Seller should now check that LC matches commercial agreement and that all its terms and conditions can be satisfied. VI. Seller ships the goods, then assembles the documents called for in the LC (invoice, transport document, etc.). VII. The Advising bank checks the documents against the LC. If the documents are compliant, the bank pays the seller and forwards the documents to the Issuing bank. VIII. The Issuing bank now checks the documents itself. If they are in order, it reimburses the seller's bank immediately. IX. The Issuing bank debits the buyer and releases the documents (including transport document), so the buyer can claim the goods from the carrier. BUYERS CREDIT 1. The customer will import the goods either under LC, collections...
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...MCMXXIV Export-Import Bank of the United States 1998 Annual Report C H A I R M A N ’ S L E T T E R s the Export-Import Bank of the United States (Ex-Im Bank) enters its 65th anniversary year, it faces more challenges than perhaps at any other time in its history. These chal lenges are related to the economic turmoil experienced in developing mar kets such as Asia and Russia during the past year. I am proud that Ex-Im Bank responded quickly and effec tively to the economic downturn that continues to threaten the growth and prosperity of much of the developing world. It was a difficult year for Ex-Im Bank, U.S. exporters, and their customers, but by working together, we were able to maintain vital export flows. A Expertise and Innovative Programs During the past 65 years, Ex-Im Bank has been recognized for its expertise in helping U.S. businesses compete against tough for eign competition in the developing world. Our ability to manage the political and com mercial risks associated with international trade in emerging markets helped meet the need for export financing in the markets affected by world economic difficulties in 1998. For example, Ex-Im Bank initiated export credit programs for Korea, Thailand, and Indonesia. We estimate that the shortand medium-term portion of the Korean program alone will result in approximately $3 billion in exports of U.S. goods and ser vices over a two-year period — U.S. exports that would not have been sold without...
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...EXIM BANK LIMITED AT A GLANCE Exim Bank Ltd. started its operation on 3rd August 1999 as a scheduled commercial bank as per rules and regulations of Bangladesh Bank. The initial name of the bank was BEXIM (Bangladesh Export Import Bank). On the later time litigate with BEXIMCO Company Ltd. The authority changed the name and keep name EXIM Bank Ltd. This is a private commercial bank. With general commercial banking EXIM Bank plays an important role and contribution toward conducting business in the countries exports and imports. Providing financial assistance to exporters and importers, and for functioning as the principal financial institution for coordinating the working of institutions engaged in financing export and import of goods and services with the view to promoting the country’s international trade and for matters connected there with or incidental there to. Thus, EXIM Bank is the apex body in respect of Export and import finance. EXIM Bank provides loan for extending export and establishing alternative imported industry very easy condition. To the commercial banks, EXIM bank offer refinances and rediscount facilities against export advances made by them. To the banks overseas, EXIM Bank offers re-lending facilities to enable them to finance imports from Bangladesh. For these reasonable causes the establishment of EXIM Bank is a new emergence of the banking function. It is governed by the banking companies act. 1991. For bringing of diversity of...
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...Chapter 1 INTRODUCTION Introduction We all know that Bank is nothing but a financial institution. And it’s a very much well known word to all of us. Bank actually serves as a financial intermediary. The term "Bank" may refer to one of several related types of entities like: Central bank, State- owned Commercial bank, Private Commercial bank or Merchant bank, Foreign Commercial bank, Specialized Development bank, etc. But when we use the term bank it generally means ‘commercial bank’ that collects the deposit from surplus unit of the society and then lends the deposits to the deficit units of the society. But the new thing is that how it operates and presenting its activities for the purpose of serving customer requirements to increase their well-being in the sense of wealth. Banks also provide many services for clients to make their life easy in this busy environment. In this competitive environment in today’s world, the entire bank increases their facilities in favor of their customers to retain them and capture more share of the market to be leader. The whole banking system is based on the Interest system. But according to the Islamic rules interest is not legal. So many people, who could be the potential customers of Bank, feel not to engage themselves in the banking system. To facilitate them in addition of the Conventional banking System there is another System we can see a banking world that run according to Shariah. This system established...
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...send the following documents for collection at your earliest convenience. Particulars of the documents are furnished below: a) Bill of Exchange - 02 copies b) Commercial Invoice - 08 copies c) Delivery Chalan/Truck Receipt - 04 copies d) Packing List - 03 copies e) Beneficiary Certificate – 01 copy f) Warranty certificate – 01 copy g) Certificate of origin – 01 copy h) Certificate of Arrival Material issue by Project Director – 01 copy Thanking You. With best regards, BILL OF EXCHANGE NO.ARMA/BTCL/01/2009 TOTAL L/C VALUE BANGLADESH TAKA=2,48,60,000.00 CLAIM AMOUNT BANGLADESH TAKA=1,36,73,000.00 At sight of this first Bill of Exchange the same tenor and date being unpaid pay to: Exim Bank Ltd., Malibagh Branch, 484 D.I.T. Road, Malibagh, Dhaka-1217 or order of the sum of BDT.2,48,60,000.00 (Say in word Two Crore Forty Eight Lac Sixty Thousand) only. Account of : Supply, Transportation, Installation, Testing and Commissioning of 100 KVA, Single Phase 50Hz, 45a # 2A, Diesel Engine Generator sets. Drawn under: One Bank Ltd., Kawran Bazar Branch, HRC Bhaban, 46 Kawran Bazar C/A, Dhaka. L/C No.1882-09-99-0047 dated 28.04.2009 Contract No.DP/L-09/IP/07-08/Upa-zilla Growth Center Project/204 DATED 15.04.2009. To: One Bank Ltd., Kawran Bazar Branch, HRC Bhaban, 46 Kawran Bazar C/A, Dhaka. A/C: Bangladesh Telecommunications Company Limited (BTCL). BILL OF EXCHANGE NO.BE/ARMA/BTCL/01/2009 TOTAL...
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...11 Internship Report Prepared by Md. Sabbir Jahan Performance Evaluation of EXIM by the Private Banks of Bangladesh “A Case Study on EXIM Bank Ltd” This Internship report is submitted for the partial fulfillment of The degree of “Master’s of Business Administration” with a major in “Finance&Banking” Prepared By: MD. Salahuddin ID: 136-34-21 Program: Master’s of Business Administration Major: Finance&Banking Semester: Supervised By: Md. Kamrul Hasan Lecturer Department of Business Administration Southern University Bangladesh Internship Duration: Submission Date: Dedication Dedicated to my family, friends who always pray to the Almighty Allah for my prosperity and also provided all kinds of support & inspiration………… Letter of Submission: Date: To Md. Shahidullah Manager EXIM Bank Ltd. Agrabad, Chittagong. Subject: Submission of Internship Report. Dear Sir, It is a pleasure to hand over the report of my internship program on “Foreign Exchange Management Practices of EXIM Bank Ltd” to you. This Internship program has provided me the opportunity to have the practical experience about my bachelor degree program by working with the employees of all departments in EXIM Bank ltd, Agrabad. It gave me valuable insights to the professional life in an organization specially about banking system. I, therefore convey my thanks to you for...
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...Are Two CEOs Better Than One? The case of WIPRO Take an organization with business divisions that overlap, add rapid growth, and flavour with problems arising from an uncertain environment. What you have, potentially, is a recipe for confusion. At Wipro, India's largest software services firm, however, little evidence of confusion has appeared despite the turbulent winds that have buffeted the company for the past few years. When former CEO Vivek Paul left to join Texas Pacific Group, a private equity firm, Wipro has had no CEO since Paul's departure, with Chairman Azim Premji -- who owns more than 80% of this Mumbai- and New York-listed company -- combining the roles of both chairman and CEO. Wipro was established in 1947. It was a vegetable oil company to start with and was created from an oil mill established by father of Azim Premji, present Chairman and CEO of Wipro. It later ventured into consumer goods in 1966 under Azim Premji's leadership as Wipro Ltd. In 1975 Wipro Fluid Power was set up to make pneumatic cylinders and hydraulic cylinders. Wipro demerged its non-IT businesses such as in consumer care, lighting, hydraulics and medical diagnostics into a new company to provide more focus for its IT business. Infosys and TCS are pure-play IT services companies. The demerger will help improve profit margins. But analysts think that moving out the small non-IT businesses from the company will alone not help. The company needs to focus on using technology to solve business...
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...introductions EXIM Bank (Export Import Bank of Bangladesh Limited) was incorporated on June2, 1999 as a private sector banking company under the company’s act 1994 and started its operations on August3, 1999. The bank has authorized capital of BDT 3.5 billion and a paid up capital of BDT 2.68. The bank is listed in both DSE and CSE. Company Details Business Operations -Sariah based Islami banking service Chairpersons-Md. Nazrul Islam Majumdar Directors-Md. Faiz Ullah, Nasima Akhter, A.K.M Nurul Fazal, Zubayer Kabir, Md. Habibullah, Md. Abdul Mannan. Company Secretary-NA Registered Office -Plot No. SE (F): 9, Road No. 142, Gulshan Avenue, Dhaka-1212. Website-www.eximbankbd.com Auditor -Hoda Vasi Chowdhury & Co Highlights of Performance The bank has migrated all of its conventional banking operations into Sariah based Islami banking since July, 2004. The bank is providing services through 52 branches all over the country with a total manpower of over 1400. The bank has correspondent relationships with 26 foreign banks. Investment of the bank other than loans and advances were limited to government treasury bills, prize bonds and shares and debentures, and total investment during 2008 amounted to BDT 2.9 billion and made a profit after tax of BDT 1.1 billion. ROA and EPS of the bank stood 1.83% and BDT 40.95 respectively. The bank has a total asset of BDT 77.7 billion at June 30, 20096. Operating income stood at BDT 1.67 billion for the period June 30, 2009. EXIM Bank Foundation...
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