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GENERAL INTRODUCTION
2. OBJECTIVES OF THE STUDY
3. INDUSTRY PROFILE
4. COMPANY PROFILE
5. DOCUMENTATION OF IMPORT AND EXPORT OF ROMSONS
6. PRODUCTS AND SERVICES
7. EXPORT POLICY
8. RESEARCH METHODOLOGY
9. DATA ANALYSIS AND INTERPRETATION
10.
SUGGESTION
11.
CONCLUSION
12.
BIBLIOGRAPHY
EXECUTIVE SUMMARY
As part of our curriculum, I did my research project on study offoreign
trade documentation in Romsons. This analysis has given me great
insight to the behavior and attitude of people at work. To understand
their needs & aspirations at work I conducted a survey & analyzed to
have a platform to work on. You will have a view to it in the project.
Never did it occur to me before doing this study.
foreign trade documentation in Romsons Scientific & Surgical Industries
AT AGRA is the topic of my project.
1
Company Profile
A pioneer and a leader
One of free Indias earliest, most critical revolutions took place in 1952 in the field of
healthcare.
At a time when most patients were vulnerable and many succumbed to infection
caused by re-usable medical devices, Romsons stepped forward with a pioneering
breakthrough the concept of disposable medical and surgical devices.
Today, over half a century later, the culture of disposable medical devices is well
established and Romsons has entrenched itself as the pre-eminent brand in the
business a pioneer and a leader. An INR 1.80 billion, professionally-managed
enterprise. A global player with a presence in 65 countries. A product portfolio thats
2
Romsons Medicons
50
years.
Ambience: Special micro and HEPA filters at all air handling units ensure minimal
contamination in the manufacturing areas. Micro-organism and particle concentration
levels are carefully monitored by the micro-biological labs to keep these levels within
safe limits. Employees undergo periodic medical checkup to maintain high standards
of health and hygiene. All clean rooms are provided with three step change rooms
and air showers at the entrance to ensure a dust-free environment.
Manufacturing plant: We have taken great care to source up-to-the-minute, frontline
technology. The result? We are able to produce moulding and extrusion of
components and tubings with precision and within close tolerance. The superior
assembly and packaging machines ensure repeatability and consistency in product
quality.
Packaging and sterilization: Our products are packed to ensure minimal risk of
contamination or damage during transportation. We use Ethylene Oxide gas to
sterilize the products, as per EN 550/ISO 11135 standards. The entire process is
automated and computerized. Each batch is well documented for the sterilization
cycle and released for dispatch after written approval of a senior Quality Assurance
official.
We provide a professional work environment that nurtures the pioneering spirit and
leadership qualities of our employees. Our employees are encouraged to be selfmotivated, think out-of-the-box, value excellence and bond with each other as
committed team players. All across our corporation, our teams function with the
flexibility, speed and decisiveness of people in any global corporation. In the final
analysis, it is our people who have made Romsons what it is today: a pioneer and a
leader.
The objective of the study during this research project was as follows
The method adopted for carrying out any project is called as Research
methodology. Research methodology used in this project is based on
following factors :
Sources of data Primary (questionnaire) and secondary data
(information regarding both organizations through internet &
booklets).
Data collection method & techniques Questionnaire and
interviews.
Sampling plan
Section
Sample size 50
10
RESEARCH DESIGN
Research
design
specifies
the
methods
and
procedures
for
Objective of Study
Research Design
Sample Design
Data Collection
Data Analysis
12
growth
rate
of
21%
in
2000-01.
important
sector
is
that
of
Petroleum
to
Asia
&
Oceania
region
has
improved
exports
to
Germany,
U.K.,
Italy,
Belgium,
is
that
since
resources
are
limited,
Extreme
Focus
Product
Strategy
was
export
of
these
15
product
groups
for
all
must
include
regional
focus
wherever
the
import
basket
of
major
importing
analysed.
Focus
markets
have
further
been
the
competitive
edge
of
our
exporting
22
SECTOR-WISE STRATEGIES
For the identified potential sectors, indicative sector-wise
strategies have been given based on
the detailed strategy paper prepared by the Export
Promotion Councils/Commodity Boards and detailed
discussions held with exporters. The main sectors
covered are the following:
Engineering (including instruments and items of repairs),
Textiles,
Gems
Agriculture,
&
and
Jewellery,
Allied
Chemicals
(including
&
Marine
Allied,
and
23
to
fight
anti-dumping
cases,
providing
of
promoting
exports
of
Indian
made
24
to
recognition
of
testing
agencies
and
component
Equipment
exports
(i)
export
Manufacturers(OEMs)
through
for
their
25
up
Infrastructure
Apparel
Parks
Development
and
Textiles
Schemes,
Centres
restructuring
26
main
strategies
for
this
sector
include
27
of
Commerce,
innovative
packaging
cold
for
chain
system
floriculture
and
exports,
preference,
promoting
tobacco
exports
by
Tunisia,
Morocco,
etc.
through
bilateral
28
29
Scheme
by
new
scheme
called
Duty
North
Eastern
States/New
Markets
35
50000
45000
40000
35000
30000
Exports
25000
Imports
20000
15000
10000
5000
0
1998-99 1999-00 2000-01
2001-02 2002-03
Exports as
percentage
Year of Imports
1998 78.3661753
-99
8
1999 74.1333041
-00
1999 74.1333041
-00
2
36
2000 88.1744557
-01
9
2001 85.2434861
-02
6
2002 85.8452907
-03
Compared
to
pre-liberalization
period,
favorable
international
economic
situation
and
39
Worlds Export
Growth Rate
1995
19.67
22.41
1996
5.28
8.10
1997
3.55
5.75
1998
(-)1.63
(-)4.48
1999
3.95
8.61
2000
12.4
16.46
40
Source: Indiastat
PERFORMANCE OF IMPORTS
41
20.69
5.72
9.69
15.03
8.24
31.53
4.91
42
Electronic Goods
4.29
7.06
2.49
8.92
the
share
of
Extended-Manufacturing
45
early
trade
liberalising
and
rapidly
growing
fairly
early
in
their
development
47
their
50
activities.
India
has
taken
big
strides
in
of
fruits,
vegetables,
flowers,
minor
forest
While
of
policies
the
for
promoting
country.
exports
of
above
52
India
is
damaged
or
lost
due
to
poor
storage,
and
transportation
infrastructure
for
such
53
55
i.
To
double
Indias
percentage
share
of
global
Unshackling of controls;
ii.
Simplifying
procedures
and
bringing
down
transaction costs;
2.
3.
56
57
58
Duty
free
entitlements
of
import
trimmings,
60
exports
substantially
higher
than
the
61
Agricultural
Produce
Scheme)
has
been
62
(d) EPCG:
(i) Additional flexibility for fulfillment of export obligation
under EPCG scheme in order to reduce difficulties of
exporters of goods and services.
(ii) Technological upgradation under EPCG scheme has
been facilitated and incentivised.
(iii) Transfer of capital goods to group companies and
managed hotels now permitted under EPCG.
(iv) In case of movable capital goods in the service sector,
the requirement of installation certificate from Central
Excise has been done away with.
(v) Export obligation for specified projects shall be
calculated based on concessional duty permitted to
them. This would improve the viability of such projects.
(e) DFRC:
64
66
new
scheme
to
establish
Free
Trade
and
Warehousing Zone has been introduced to create traderelated infrastructure to facilitate the import and export
of goods and services with freedom to carry out trade
transactions in free currency. This is aimed at making
India into a global trading-hub.
(ii) FDI would be permitted up to 100% in the
67
Import
of
second-hand
capital
goods
shall
be
key
markets,
and
develop
strategic
market
access
Textiles
69
70
71
SUGGESTION
72
73
74
75
76
CONCLUSION
International trade thrives on credit. Where there
is a little choose from between the quality of
goods from one producer or the other, it is often
the inducement of credit terms offered by a seller
which clinches the contract with the buyer.
It is obvious that the buyer and seller have
conflicting interests in the financial package, but
there must be some compromise before a deal
can be concluded. Banks can provide a solution
acceptable to both parties, by providing credit to
77
repurchase
an
exporters
receivables,
78
EXPORT STRATEGY
An exporter, like any other businessman,
needs money to continue operating m business.
So he wants a speedy payment for his goods. He
also wants protection against any default on the
customer. The customer however, requires credit.
An exporter can maximise his chances of getting
orders by offering the right credit terms.
Export Policy can protect against default, but
the timing of the exporters cash inflows will
depend on the terms of payment or on his access
to export.
79
QUESTIONNAIRE
QUESTIONNAIRE
I am conducting a survey of Import-Export Section at
your organization as part of my project. I will require
your responses on the questions below to compile the
project.
I request you to tick on the responses & write in the
space provided.
NameDesignation80
(b) No
(b) No
programs &
(b) No
(c)
Cant say
programs &
Name
of Course
the
course
provider
How
you
did Did
the If
find course
not,
why?
learning
needs
(b) No
(a)
Import - Export
(b)
Enterprise
(c)
Enlargement
(d)
(e)
Institutional affairs
(f)
Others
(b)
(c)
(d)
(e)
(f)
Others.
(a)
Very well
(b)
Adequately
(c)
offered
(b)
(c)
Too expensive
(d)
(e)
Others
in
regards
to
current
learning
&
training
84
Thanks
BIBLIOGRAPHY
www.romsons.com
www.sinetinfo.com
News Papers
Business
Export Import Documentation
85
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