Electronic dealer financing scheme - Free Essay Example

Sample details Pages: 4 Words: 1309 Downloads: 7 Date added: 2017/06/26 Category Finance Essay Type Analytical essay Did you like this example? ELECTRONIC DEALER FINANCING SCHEME: The scheme provides for financing purchases of dealers from corporate/industry Majors Don’t waste time! Our writers will create an original "Electronic dealer financing scheme" essay for you Create order With whom tie-up has been entered. It is completely web based solution with customised MIS provided to the shareholders. The industry major enjoys timely availability of funds. The dealer can make effective utilization on working capital funds. Both industry major and dealer can make use of improved cash flow forecasting. SME LIABILITY PRODUCTS FOR DEPOSIT AND TRANSACTION BANKING: There are different types of deposit and transaction banking products offered by SBI to its SME customers: Deposit products: Unfixed deposit Power pack products Normal current account SAHAJ current account SWEEP account products: SURABHI CLTD Internet banking products: KHATA KHATA plus Transaction products VYAPAR VISTAR SARAL Transaction products (collection products): Power jyoti I-COLLECT Transaction products (bundled products) Cash pick up Point of sales INSTA deposit card State bank business debit card TABLE: 5 Financial performance of SMECCC JP nagar Portfolio as on 31st may 2014 Particulars No. of accounts Amt (Rs crores) CC (cash credit) 456 81.33 crores TL (term loan) 315 23.95 crores Total 771 105.28 crores New application received/disposed (Rs. in crores) as on 1st may 2014-31st may 2014 Period Number Amount (in crores) Application received 11 2.57 Sanctioned 3 0.65 returned/ rejection for want of data/ clarification 9 1.74 Pending for want of required papers 1 1 Renewal Applications (Rs. in crore) as on 1st may 2014-31st may 2014 Period Number Amount (in crores) enhancements (enhanced portion only) 0 0 Review/Renewal at exist level 5 0.7 NPA as on 31st may 2014: Number Amount No. of accounts 39 1.93 1.82% Break up of sanctions as on May 2014 Particulars No. Of accounts Amt (Rs crores) New from branches 03 0.65 Existing 05 0.70 Total 08 1.35 New collateral free loan (CFL) sanctioned (in crores) No. Of accounts Amt (Rs crores) 2 0.58 Collateral free loans are provided under the scheme CGTMSE. It is a popular and widely used SME product launched with the support of the government. More details have been provided under the section à ¢Ã¢â€š ¬Ã…“SME Productsà ¢Ã¢â€š ¬Ã‚ . Study of Credit Appraisal Credit appraisal means an assessment done by the bank before providing any loans and advances. Credit appraisal checks the commercial, financial and technical viability of the project. It also checks the primary collateral security cover available for recovery of such funds, in case the account turns irregular. Credit Appraisal is a process to ascertain the risks associated with the extension of the credit facility. It is generally carried by all the financial institutions which are involved in providing financial assistance to its customers. The credit appraisal involves assessing the unit by conducting different types of feasibility tests to ensure that the unit is fit for lending. These feasibility tests are: Technical feasibility: It involves the location factor. Because of a good location, the unit may have better access to resources like transportation facilities, water supply, power supply etc. This may positively impact the unit in the long run. Considerations are also given to the size of the plant. A plant operating at optimum level and producing EOQ (economic order quantity) may be well poised to generate better returns. However, it does not mean that the proposals for smaller plants would be rejected. The kind of technology the unit uses also makes difference. It it is new and competitive, and then it would reflect in its output with minimum inputs. The availability of the labour in the region where the unit is located also affects the technical viability of the project. All the above feasibility tests are difficult to assess and requires a lot knowledge, understanding of the situation and the experience. Thus, normally credit officers analyse the above mentioned factors and is competent to perform the job. However, in case the complexity of the project is high and the credit officer is unable to assess the technical feasibility. As per the report received by the credit officer, the credit appraisal is undertaken. Economic Feasibility: It involves assessing the earning capacity of the unit. The present situation is assessed not only of the project, by the industry as well. The size of the market, competion level, existing demand, scope of the future earnings etc is assessed. For instance, a case of a unit was studied which tested the competent parts of a material in the laboratory. The future scope in this kind if industry is high. Financial Feasibility: It mainly involves assessing the cost of the project, cost of production and expenses, cash flow estimates, profitability estimates etc. All these statements are prepares by the credit officer to assess the financial position of the unit. It helps the bank to decide the repayment structure, the amount of loan which can be extended, liquidity etc. Managerial Competence: The management expertise also affects the feasibility of the project. As the business entity functions in a dynamic and competitive environment, it requires the expertise of the manager to successfully operate the business. Going forward, the succession planning of the business and integrity are also major factors which are assessed. These factors are treated as the parameters in the credit risk assessment. Thus, all the above mentioned feasibility attests are examined by the credit office of the assessment and the credit appraisal if the proposal. TABLE:6 Credit Appraisal Process Case study: Credit Appraisal The process of performing the credit appraisal is explained by the help of a case study. Due to confidentiality issue, the personal details and some other data has not been revealed. The case study has been explained for a SSI (small scale industries) unit. The proposal has been made for the renewal of fund based working capital (FBWC) of Rs.2.00 lakhs for a period of 24 months subject to annual review. The product which the customer has taken is SMECFL SME Collateral Free Loan. Unit: SRI MARUTHI INDUTRIES Brief Profile of the Unit: Name of the owners/partners Office address: Line of activity: Banking with SBI: Insurance validity..etc Brief background: The unit is a proprietorship, established in November 2008. The firmà ¢Ã¢â€š ¬Ã¢â€ž ¢s line of activity is manufacturing machine components and allied job work. The unità ¢Ã¢â€š ¬Ã¢â€ž ¢s clientele comprise mainly of M/S Ostrich Mobility Instruments PVT Ltd, I WAC [Integrated Welding Automation and Controls Private limited], and Carborundum Universal Ltd etc. The unit is banking with SBI since June 2012 It was sanctioned a Cash Credit limit for working capital requirement and Term loan. Conduct of the account is satisfactory. Normal activity reported. TABLE:7 Performance and Financial Indicators: (Rs. in lakhs). 2012 (Audited) 2013 (Audited) 2014 (Estimated) 2015 (Projected) Net sales (including labour charges) 10.72 14.08 25 30 Net Profit 2.86 3.14 4.82 5.54 Net Profit to sales [%] 26.68% 22.30% 19.28% 18.47% Cash accruals 3.22 4.4 5.56 6.34 Paid up capital 5.34 5.84 9.05 11.74 TNW 5.34 5.84 9.05 11.74 TOL/TNW (times) 0.16 1.09 0.8 0.73 Current ratio 8.87 1.64 1.98 1.58 Comments on Financials: Net sales: Last year, the unit has earned a turnover and achieved its estimated turnover of [13.40]. In the current year, the unit has earned a turnover of Rs.6.32 lakhs for the first quarter and hence the estimated turnover is considered acceptable. Net profit: Profit levels have also increased. Cash accruals are sufficient to ensure liquidity. TOL/TNW: Gearing ratio is at 1.09 well within the acceptable level, and is poised to improve further, gradually over the years. Current ratio: Current ratio works out to be above the level of standard bench mark. The name of the individual/directors appears in RBIà ¢Ã¢â€š ¬Ã¢â€ž ¢s list of defaulters/RBIà ¢Ã¢â€š ¬Ã¢â€ž ¢s list of wilful defaulters the individual/directors name figures in ECGCà ¢Ã¢â€š ¬Ã¢â€ž ¢s caution list. The names of the company/firm/directors/promoters do not appear in the following lists:- RBI list of defaulters of Rs.1 crore and above as on 31.03.2012-Non suit filed accounts. RBI list of wilful defaulters of Rs.0.25 crore and above as on 31-03-2012 CIBIL list of suit filed cases (Rs.1 crore and above and Rs 25 lakhs and above) as on 30-06-2013. CIBIL Consumer report dated 05-08-2013: No adverse remarks seen. CIBIL commercial report search dated 05-08-2013: No search results found The name of the individual does not appear in any of the above list. Overall, the account is satisfactory.

Macbeth Ambition Quotes - 629 Words

Macbeth Ambition Quotes Quote #1MACBETH â€Å"My thought, whose murder yet is but fantastical, Shakes so my single state of man that function Is smotherd in surmise, and nothing is But what is not.† (1.3.9) | After the weird sisters predict that Macbeth will be king, his thoughts turn to murder, which the sisters have said nothing about. Could it be that the witches prophesy awakens within Macbeth a murderous ambition that was there all along? Quote #2MACBETH [Aside]† The Prince of Cumberland! That is a step On which I must fall down, or else oerleap, For in my way it lies. Stars, hide your fires; Let not light see my black and deep desires. The eye wink at the hand; yet let that be Which the eye fears, when it is done, to†¦show more content†¦Of course, we know that Macbeth (with some encouragement from his wife) does murder Duncan. Quote #5MACBETH â€Å"For mine own good All causes shall give way. I am in blood Steppd in so far that, should I wade no more, Returning were as tedious as go oer.† (3.4.24) | By comparing his heinous actions to wading through a bloody river, Macbeth suggests that once a man commits a murderous act for his own gain, its impossible to stop. Turning back would be tedious. By this point, Macbeth is willing to anything in order to help himself and its becomes easier for him to commit evil deeds. According to Macbeth, hes got to look out for his own best interests. Quote #6MACDUFF â€Å"Either thou, Macbeth, Or else my sword, with an unbatterd edge, I sheathe again undeeded. There thou shouldst be; By this great clatter, one of greatest note Seems bruited. Let me find him, Fortune! And more I beg not.† (5.8.1) | Macduffs only ambition is to kill Macbeth, the man who has murdered his wife and children. He has no interest in personal gain and is the first character in the play to understand that Fortune rules you, you dont rule Fortune. This is a certain indicator that hell be the one to take down the tyrant, who is always challengingShow MoreRelatedMacbeth And Wuthering Heights1006 Words   |  5 PagesShakespeare’s Macbeth and Emily Bronte’s Wuthering Heights, the women take control, over men, in the relationship. Sexism and jealousy are the two biggest problems in an existing relationship. The readers find out how ambition, sexism, and jealousy takes over lives. In other words, too much ambition may be fatal. When women don’t get what they want, bad things are subject to happen. Women will always rule in the face of the earth until none are left. Lady Macbeth rules the relationship over Macbeth himselfRead MoreTheme Of Ambition In Macbeth1277 Words   |  6 PagesShakespeare’s play of Macbeth tells a tragedy that was caused by the major theme of ambition, which is greatly emphasized throughout the story by having Lady Macbeth, a key character whose ambition will push her husband Macbeth to the edge along with his flaw of being too ambitious where the two become the driving force of the play that will eventually seal their fate. In the play, Macbeth who is the main character has the flaw of having too much ambition but his conscience will hold back his desiresRead MoreMacbeth Theme Essay1329 Words   |  6 PagesThe play, Macbeth, Macbeth and his wife kill the king of Scotland so Macbeth can become king. As a result, of the witches since they told him about the prophecy and how he would become king. He eventually does more evil things which fills Lady Macbeth with guilt. She ends up killing herself and Macbeth ends up dying. 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Throughout the novel The Apprenticeship of Duddy Kravitz and the play Macbeth, both protagonists have charactersRead MoreWilliam Shakespeare s Macbeth - The Five Tragedies1293 Words   |  6 Pagesof, Macbeth, is the utterly sheer shift in Macbeth s personality throughout the piece. It is commonly debated that the rapidly altering deposition of Macbeth had since served as the underlying facets and influences behind his ultimate collapse. However, Arthur Kirsch, Writer of â€Å"Macbeth’s Suicide,† insists that perhaps Macbeth did not develop a sense of insanity, but he was murdering out of confidence in his future. On t he other hand, In Miguel Bernad Article, â€Å"The Five Tragedies in Macbeth†, BernardRead MoreMacbeth As A Tragic Hero893 Words   |  4 PagesSeidewand Andreacchi February 13th 2017 ENG2D1-02 Macbeth as a Tragic Hero A tragic hero can be described as a character obtaining heroic qualities that is, at the same time, destined for their own downfall. Unfortunately, Macbeth is an example of a character that has this title. In Shakespeare’s time during the writing of the play was the reign of King James of England, and the play ‘Macbeth’ reflects on Shakespeare’s own relationship with this king. Someone of greatRead MoreCauses of Macbeths Downfall1445 Words   |  6 Pagesï » ¿Causes of Macbeths Downfall – Essay By Jordan Koorey Shakespeare’s Macbeth, based on a play written in 1605 explores the life journey of Macbeth as he climbs the ladder of the social hierarchy. Determined to become King, Macbeth will kill any and all that get in his way. Driven by ambition, Macbeth puts his faith in the words and prophecies of three witches after a prediction that Macbeth would gain the new title of Thane of Cawdor. Alongside with ambition, Lady Macbeth, is a key instrument toRead MoreAnalysis Of Shakespeare s Macbeth 1068 Words   |  5 Pagesdownfall. The tragedy Macbeth, written by William Shakespeare, has a perfect example of a tragic hero, otherwise known as Macbeth. A tragic hero must be a man who is great and admirable in various ways. He should be placed in society in such a way that everything he does affects all of the members of his society. Macbeth fits the description of being a tragic hero, displaying his strengths, his weaknesses, his tragic flaw, and how influential everything around him is. Ma cbeth is a tragic hero, because

The Book of Genesis vs. the Epic of Gilgamesh Free Essays

Two Different Books with Similar Stories The Book of Genesis and The Epic of Gilgamesh have many clear similarities. One major, noticeable similarity is that in both stories, there are flood legends. There is the legend of Noah and the Ark in The Book of Genesis and the story of Utnapishtim in The Epic of Gilgamesh. We will write a custom essay sample on The Book of Genesis vs. the Epic of Gilgamesh or any similar topic only for you Order Now In both stories, a higher power wants to wipe out the human race and decides to save one person who is then assigned to build an ark to hold himself, his family, and one of each animal. There are also many specifics about this flood that the two stories have in common, not just the basis of the tale. For example, both stories tell of a long storm. In The Epic of Gilgamesh, it says: â€Å"Six days and seven nights the wind and storm† (Gilg. Tabl. XI, 127). In The Book of Genesis, it says: â€Å"rain fell upon the earth forty days and forty nights† (Gen. 7:12). In both cases, the story is specific about the number of days the storm lasted. Noah and Utnapishtim make sacrifices to their respective higher power– Noah to God and Utnapishtim to Enlil. In the story of Noah and the Ark, it says that he â€Å"†offered burnt offerings on the altar† (Gen. :20) which is a sacrifice to God. In the story of Utnapishtim, it says that he â€Å"offered a sacrifice† (Gilg. Tabl. XI, 155) by pouring a libation to Ea, which is a form of spiritual sacrifice. These stories do not exist for entertainment, they serve the purpose of teaching people lessons about humankind and God or the gods. These flood legends tell us about a couple of different religious beliefs of the ancient people, one being that people are instinctually bad. A higher power wanted to wipe out the human race in both legends because humans were doing wrong. If humans were good by nature, the higher powers would not have wanted to destroy them all. The stories of these floods also show flaws in the high powers. Usually the gods or God are considered to be perfect, but in this story we see that the higher powers do indeed make mistakes. They made the mistake of creating an earth populated by flawed people. This is important because it shows that not even God or gods can achieve perfection, and humans certainly cannot. Even though this still makes the gods better than humans, no one is perfect. These two stories are also very similar in their views of humans versus animals. In both stories, the higher power assigns a man to build this ark and lead a new world with his animals. This shows his authority over the animals. Since he and his family are intended to be the only humans after the flood kills everyone else, this makes the humans the leaders of the living beings. The stories send a clear message that humans are above animals and humans have power over all animals. This tells us that animals are not viewed as equals and certainly do not receive the same respect as humans in either culture. This explains why people eat meat, have pets, farm, or anything else humans do to control animals and establish a higher power over them. Although there are very major similarities between The Epic of Gilgamesh and The Book of Genesis, there are also many differences. One of the main differences is the attitudes about sex. In The Epic of Gilgamesh, Gilgamesh sleeps with all of the women in the town that he rules. Also, after a successful journey with Enkidu, they reward themselves by having sex with prostitutes. Prostitutes are also seen as mystical and powerful. Even more different from the other story is that the gods in The Epic of Gilgamesh sleep with human beings. Sex is much more common and casual in this story. Also, because it is provided to the warriors as a reward for a successful journey, it makes sex almost a trophy. Overall, this tale makes sex out to be a spiritual, powerful, and pleasurable action. This is very different from The Book of Genesis. In The Book of Genesis, sex is not for pleasure. People are not supposed to have sex until marriage, and it is mainly for the purpose of procreation. This is very different from The Epic of Gilgamesh in which Gilgamesh sleeps with many women while unwed. The difference in sexual attitudes in the stories exemplifies how sex is viewed differently in different cultures. Some may see it as a form of pleasure, while others view it as a means for creating children. Another minor difference between the stories is the idea of immortality. In both stories, all humans are born mortal. Although Gilgamesh is 1/3 god and 2/3 human, he is still mortal because he can be killed. In The Epic of Gilgamesh, Utnapishtim is given immortality by the gods before flooding out the human race. However, in The Book of Genesis, God does not give anyone the gift of immortality. This shows how the Christian culture believes that humans are far less powerful than God and they can never be anywhere near as strong and wise as Him. In The Epic of Gilgamesh, humans can be granted special powers by the gods, and Gilgamesh himself is part god. This puts far less emphasis on the division between humans and gods than The Book of Genesis. The obvious similarities between The Epic of Gilgamesh and The Book of Genesis tell us that the people of the world coming from different cultures still have many mutual beliefs. The similarities in the stories also show how important these stories are to people, since the beliefs are so widespread that multiple different variations of the stories have been written. It is clear that the people of the ancient world believed that the world was created by a higher power in a number of days, that a higher power created the human race, humans are very flawed, and many other mutual beliefs that can be found in The Epic of Gilgamesh and The Book of Genesis. How to cite The Book of Genesis vs. the Epic of Gilgamesh, Essay examples

Conceptualizing the Rainbow free essay sample

This paper attempts to answer the question, can blind people conceptualize color? This paper analyzes the question through philosophical, medical, and semantic rationale. It shows why many would argue against the fact that blind people can technically visualize color, but it also contends that many blind people have vividly described color and the how it effects all the senses. The question at hand is, Do blind people (from birth) have a concept of color? In answering this fairly, I must be extremely careful not to think myself superior, nor to dare think that I know better what is happening inside the mind of my blind neighbor than she herself may do. However, this is a question that seems to have long plagued philosophy, and it remains a profound metaphor for the relationship between experience and understanding. Therefore, it must be approached with both an eye to the actual experiences and thoughts of those who have been born blind, and to the long held ideas of science and philosophy. We will write a custom essay sample on Conceptualizing the Rainbow or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page