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Coface South – Credit insurance specialists

Coface South – E.W. Droppa & Associates, LLC. is a general agency for Coface North America. Providing solutions in credit insurance, business reports and commercial collections.


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Coface credit insuranceNews & Events


UAE

In its latest country assessment, Coface has ranked the United Arab Emirates (UAE) A3 , and expects the country’s economy to grow by around 5% in 2014. The business climate in the UAE has also been assessed at A3, taking into account a number of factors such as the availability of company reports, reliability and the effectiveness of the legal system. After contracting by around 5% in 2009, the UAE’s economy has recovered gradually to register solid growth rates, with 5.2% recorded in 2013.


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China: Carrot-and-Stick

Posted on October 7, 2014 | Category: Country risk and economic studies 

China

This Panorama presents the different challenges the Chinese economy is going to face.

As domestic demand remains subdued, the property market continues to be sluggish and over-capacity in some sectors remains, it is unlikely that China will achieve its 7.5% growth target. Coface expects the GDP growth of China to reach 7.4% in 2014, given more policy support in sight.


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In its most recent Panorama, Coface reviews 14 key sectors in North America, Emerging Asia and Europe. What are the main trends?

This Panorama also takes a detailed look at the European airlines industry. At a time when it appears vital to capture the growth potential in Asia, European airlines are stumbling due to aggressive competition from low cost operators and airlines from the Gulf. Currently, they are among the least profitable in the world. Faced with these new constraints, what changes are conceivable?


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Russia

In its latest country report, Coface provides an in-depth analysis of the economic situation in Russia.

The Ukrainian crisis has occurred in a context of significant weakening of the Russian economy. In 2013, Russian growth fell to 1.3% after an average GDP progression of 4.8% between 2000 and 2011. The slowdown that Russia is experiencing is not excessively different from that observed in the other BRICS. A number of the major emerging countries have recently been characterized by marked deceleration in investment and, to a lesser extent, consumption.


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political risk

Since the Third Plenary Session of the 18th Communist Party of China Central Committee (CPCCC) in November, a broad spectrum of exciting reform plans have been announced, and the government had a series of follow-up actions. These are clear signals that the Chinese effort to restructure the economy is more than just rhetoric.

While we should be excited for the many moving parts in the Chinese economy, we cannot forget about the risks. In the near-term, potential negative impacts on the real economy as a result of the reform effort and credit risks associated with the rising cost of fund have to be watched out for.

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pdf-download-icon-lg1China – What to expect in 2014

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Textiles

Posted on January 1, 2014 | Category: Country risk and economic studies 

Textiles – Upmarket and innovation: Key to the success for the French and European textile industry?

We close the year in our series of economic publications with our third Panorama sector.

You will find in it our usual barometer, which assesses the risks to which companies in fourteen key industrial sectors in emerging Asia, North America and Western Europe are exposed. On top of these evaluations, we provide for each of these major regions a comprehensive overview of developments in distribution, electronics, metals, automotives, pharmaceuticals and services.

What are the significant developments for the last quarter of 2013? In North America we have reclassified automotives and distribution, for which risk has become moderate thanks to robust household consumption. In emerging Asia, the risks linked to services are now moderate too, with business turnover and profitability in this sector rising quite sharply. In contrast, we are maintaining our ratings for all sectors in Western Europe, because, although the overall trend is towards stabilisation, this region remains difficult and highly uncertain.

We have also included an analytical focus on European textiles. This traditional industry was affected very early by globalisation, and, in particular, competition from developing countries. How has it responded? By developing an effective strategy of innovation (in technical textiles) and capitalising on its reputation for know-how and quality. A strategy that has undeniably borne fruit, but can we really talk of sustainable stabilisation? What are the main issues in the years ahead? What risks do businesses face?

Sector Barometer

Household consumption in North America supports the distribution and automotive sectors, for which risk levels are improving. Emerging Asia, where the services sector has a lower risk profile, is not lagging behind. The situation of these sectors in Western Europe, though difficult, is stabilizing.

Upmarket and innovation: Key to the success for the French and European textile industry?

In the context of globalisation, the textile industry underwent far-reaching structural changes early on: the process of globalisation led to internationalisation of production processes – very advanced in this sector – and competition from developing countries, which affected European and French businesses. Moreover, successive crises have reduced the demand for textile products. To counter these demand shocks, manufacturers in the sector reviewed their supply strategy in order to emphasise their product differentiation capacity. Innovation was at the core of this reorientation as demonstrated by the investment in technical textiles, which has opened up new markets and shaken up the industry’s traditional image. The textile industry is growing strongly both in volume and employment by shifting firmly towards high tech segmentation and by becoming a leading supplier to the automotive and medical industries.

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pdf-download-icon-lg1 Textiles – Upmarket and innovation: Key to the success for the French and European textile industry?

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Grow With Confidence

Posted on September 4, 2013 | Category: Credit Insurance 

Less Risk. More Business.

You extend credit to your customers every day and because it’s a routine way of doing business you may not think about the risk you’re taking. What happens when a customer defaults? The business closes? Even if you’ve never experienced a loss before, it only takes one to greatly affect your bottom line and the future of your business. With trade credit insurance, your business is protected against loss from bad customer debt. That affords you greater peace of mind to focus on your company’s success.

You want to avoid losses, it’s that simple.

What is credit insurance?

A credit insurance policy covers the unpaid credit balance from sales made to your customers. Whether you choose to protect your domestic or export business, you are able to minimize the risks associated with a customer’s insolvency or delayed payment.

Trade credit insurance from Coface is a powerful tool that combines the information and protection you need to mitigate the risk of non-payment. And, if you do have a loss on an insured account, you will be indemnified according to the terms of your policy.

You’ve got potential. We’ll back you up.

How does credit insurance work?

In general, a company covers all of a majority of its business and may choose to cover export, domestic or both types of accounts. Policy holders are eligible to file a claim when a customer is insolvent or financially unable to pay the outstanding balance owed. Since Coface operates around the world, we are able to cover sales of subsidiaries or sister companies in other countries, as well as provide local features such as risk monitoring and collection services.
As a client, you have access to our online policy management tool, Cofanet. Here you can search our database of over 50 Million companies worldwide to request, change or cancel your protection. Cofanet securely stores all of your account details in one central location. All stored information may be easily exported for use in the internal management system of your business.

Credit Insurance brings your benefits

Sharpen your receivables management.

How can you better safeguard your business from losses associated with a customer’s bad debt? Trade credit insurance from Coface is a comprehensive approach to receivables management, combining credit information, protection and collections. We work closely with you to segment your clients according to risk so you know where to focus your efforts.

Reduce the risk of non-payment.

Whether you’re doing business domestically or internationally, trade credit insurance from Coface helps minimize your commercial risks. We continually monitor your customers and are able to alert you to changes in their risk profile.

Those aren’t the only benefits.

Trade credit insurance can help your business in many additional ways, including:

  • Safer business growth – grow with greater confidence by extending more credit and being more flexible with credit terms. Avoid the hassle of using letters of credit when doing business around the world
  • Critical information about customers and potential customers – Coface tracks over 50 million companies worldwide. This extensive scope of information gives you access to the detailed knowledge you need when deciding to extend credit or determining credit terms.
  • Collection Services – take control over past due accounts with our proven debt collection services.
  • Access, flexibility and security – request, change or cancel coverage online with our policy management tool.
  • Better borrowing terms – lenders and financial institutions look favorabally on insurer receivables.

A worldwide presence. Always available when you are.

Coface provides accounts receivable protection to over 35,000 customers around the world. Our strength and integrity is supported by excellent ratings from Moody’s and Fitch.

Resources for your business. Greater peace of mind for you.

Experience for yourself why our clients feel so enthusiastic about our customer service. To learn more about how Coface can help your business grow, contact us today!

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