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V. WHOLLY OWNED SUBSIDIARIES, , When a foreign company is acquired by a parent, company by making 100% investment in its, equity capital then it is called wholly owned, subsidiaries. A wholly owned subsidiary in a, foreign market can be established either by, setting up a new firm altogether to start, operations in a foreign country or by acquiring an, , established firm in the foreign country., EXPORT PROCEDURE, , © Receipt of Enquiry and Sending Quotations, © Receipt of Order or Indent, , ® Accessing importer's credit worthiness and, securing a Guarantee for payments., , e Obtaining pre-shipmernt Finance, © Production or Procurement of Goods., © Pre-shipment Inspection, e Excise Cearance, in Export © Obtaining Certificate of Origin, @ Reservation of shipping space, @ Packing and forwarding, e Insurance of Goods., e Customs Clearance, e Obtaining Mate's Receipt, e Paymert of Freight and Issurance ot Bill of lading, © Preparation of Invoke, , e@ Securing Payment