Moneycontrol
Oct 13, 2011 03:00 PM IST | Source: Moneycontrol.com

SME`s tryst with currency fluctuation

Damjibhai Patel is a medium size entrepreneur manufacturing pens in some part of Gujarat. He has been exporting pens for over a decade now, turning his proprietorship from small scale firm to a medium enterprise.

Damjibhai Patel is a medium size entrepreneur manufacturing pens in some part of Gujarat. He has been exporting pens for over a decade now, turning his proprietorship from small scale firm to a medium enterprise. Things were manageable then. However, his business has now grown to a size which needs attention to details, especially in calculating the sales figures and actually cash that arrives in his bank. His exports in terms of USD and Euro have been growing at 25% per annum. But, this doesn

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