INTERVIEW : P UMESH, VICE-PRESIDENT & HEAD-SOUTH ZONE, HOWDEN INDIA

'Bad credit is the most serious and immediate risk'

Posted: Friday, Nov 21, 2008 at 2237 hrs IST
Updated: Friday, Nov 21, 2008 at 2237 hrs IST

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‘People still prefer piracy to paying for world ci...

: for compliance with foreign exchange obligations.

Companies normally take care in insuring all the assets appearing in their balance sheet like plant and machinery, furniture and fixtures, cash and stock etc. Given the emerging trends in India and the world at large, it is now becoming increasingly necessary to provide a cover against the exposure in debts and arrange appropriate insurance for the debtors. Credit is the lifeline of trade, commerce and business, and an integral part of business activity in the contemporary world. But one has to also reckon the fact that customer insolvency; bad debts and overdue accounts etc are a part of operations when trading is on credit terms. ...

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