In order to start and sustain a business one needs finance. In the unit one on feasibility study. It’s included in the process of estimating financial requirements.
The process involved:-
a) Making a list of all the assets
b) Identifying the sources of supply
c) Estimating the cost of acquisition when the assets are to be acquired on outright basis. Then investment requirements as well as entrepreneur’s fear will increase. To scare away the entrepreneur’s fear, the emphasis should be given to Resources and not to the ownership. In this unit we intend to familiarize with an important financial innovations i.e., Leasing, Hire purchase and factoring.
(P.T.O.)
2. Research (CIMS)
China International Marine Containers (Group) Ltd. (CIMC), fixes the mission to be customers' partner for modern transportation. CIMC is dedicated to manufacturing and supplying containers, trailers, tank equipment and airport facilities.
CIMC was founded in January 1980 in Shenzhen and has been listed in Shenzhen Stock Exchange since 1994. Today, the main shareholders are COSCO and China Merchants Holdings. With 20 years continual development, CIMC has become the global leading enterprise in multi-industries based on China mainland. In 2007, CIMC brand was honoured “Chinese World-Famous Brand” by General Administration of Quality Supervision, Inspection and Quarantine of the People’s Republic of China. In 2008, CIMC ranked No.49 of Global Most Competitive Chinese Companies, No.39 of Chinese State-owned Listed Enterprise’s Social Responsibility and No.40 of Top 500 Most Valuable Brands in China. CIMC was listed No.1397 of Top 2000 World Leading Companies by Forbes in 2009 and No.128 of 2010 Chinese Top 500 Companies by FORTUNE China in 2010.
Innovative Solution by CIMC Financial Leasing could be used as an innovative finance solution that hedges away the market risk and helps companies deal with economic