|
The Committee of Administration vide Resolution No.112.18 on Nov.19, 2005 in its 112th Meeting resolved to approve the criteria for selection of Export Awards as follows :
- 70% weightage for export turnover
- 20% weightage for growth in export in the previous year and
- 10% weightage for new market penetration.
-
Since in the last year there were complaints with regard to the methodology of allotting weightage for turnover and growth, it was decided to evolve a new system of allotting weightage for the criteria set out by the Committee of Administration.
-
Last year, a turn over of one crore was given have one mark and therefore a company with Rs. 70 crore turn over would get the maximum 70 marks. For companies with higher turn over ie more than Rs.70 crore did not get any credit for the turnover in excess recorded by them. This has put larger companies in a disadvantageous position.
-
Therefore a simple and justifiable way of looking at a Turnover and giving due weightage was worked out as under :
| Sl.No. |
Name of the Company |
2003-04 |
2004-05 |
%
Growth |
New Market |
| 1 |
A |
850.00 |
870.00 |
2.35 |
1 |
| 2 |
B |
650.00 |
820.00 |
26.15 |
NIL |
| 3 |
C |
630.00 |
663.00 |
5.24 |
NIL |
| 4 |
D |
510.00 |
580.00 |
13.73 |
1 |
| 5 |
E |
450.00 |
470.00 |
4.44 |
2 |
| |
Total
|
|
3403.00 |
51.91 |
|
-
The Total Turnover of the 5 Companies is Rs.3403 Million Therefore Y will be 3403/5 = Rs.680.60 million. The turn over to be achieved for one mark equals Y/70 = ‘Z’. Therefore Z = 680.60/70 = 9.72.
Therefore in this year, every Rs.9.72 million will get a weightage of one mark with a maximum of 70 marks.
By this the weightage for Turnover is much more rationale and logical in the sense that Companies with more than Rs.70 crore would stand to get more weightage unlike in the past.
Similarly the growth percentage over the previous year of the top five performing companies were taken. Their average is taken and the growth that would fetch them one mark was calculated. The total growth of the 5 companies is 51.91%. Therefore the average growth is 51.91/5 = 10.38. The growth to be achieved for getting one mark = 10.38/20 = 0.52.
Thus, for every growth of 0.52% over the previous year, the company would get one mark in the category growth for a maximum of 20 marks.
Similarly the new market penetration was defined as market where the total Indian exports are below one
crore. A company is said to have entered into a new market if it has exported worth Rs.1 lakh into this market. For every such new market entry, one mark was assigned. The details of top five companies and the growth are as follows :
SAMPLE CALCUATION OF THE AWARD :
Figures are imaginary and does not represent any company.
| Sl.No. |
Name
of the Company |
2003-04 |
2004-05 |
% Growth |
New
Market |
| 1 |
A |
850.00 |
870.00 |
2.35 |
1 |
| 2 |
B |
650.00 |
820.00 |
26.15 |
NIL |
| 3 |
C |
630.00 |
663.00 |
5.24 |
NIL |
| 4 |
D |
510.00 |
580.00 |
13.73 |
1 |
| 5 |
E |
450.00 |
470.00 |
4.44 |
2 |
| |
Total: |
|
3403.00 |
51.91 |
|
Ranking on basis of Calculation:
| Sl.No. |
Name
of the Company |
Calculation
|
Rank
|
| 1 |
A |
(870.00/9.72)
+ (2.35/0.52) + 1 = 70 + 4.52 + 1 = 75.52 |
4 |
| 2 |
B |
(820.00/9.72)
+ (26.15/0.52) + 0 = 70 + 20 + 0 = 90 |
1 |
| 3 |
C |
(663.00/9.72)
+ (5.24/0.52) + 0 = 68.21 + 10.08 + 0 = 78.29 |
3 |
| 4 |
D |
(580.00/9.72)
+ (13.73/0.52) + 1 = 59.67 + 20 + 1 = 80.67 |
2 |
| 5 |
E |
(470.00/9.72)
+ (4.44/0.52) + 2 = 48.35 + 8.54 +
2 = 58.89 |
5 |
Company A - 4 Position
Company B - 1 Position
Company C - 3 Position
Company D - 2 Position
Company E - 5 Position
The Export Award Sub-Committee consisting of 1) Shri M.Sai Kumar, Zonal
Jt. Director General of Foreign Trade, Chennai, 2) Dr.P.V.Jagan Mohan,
Jt. Development Commissioner MEPZ, Chennai 3) Shri Mohan M.Sreenivas, M/s.Orient Express, Chennai and 4)
Dr.K.Elangovan, Executive Director, CLE who met on December 27, 2005 to select the best Exporters for Export Award. The Committee selected the award winners as per this criteria. The profiles of the award winners are published in the booklet.
Dr. K Elangovan, IAS
Executive Director
|
