To announce an alliance with Groupe Coface.

More and more companies are coming on the YarnsandFibers exchange. Companies like Dupont SA, Accordis, Samsung, Itochu, Nichimen, Kosa, Akra, Brilen, Reliance, Indo Rama, Indian Rayon, Grasim and many more are active on YnFx. Also, companies like Saurer/Barmag, Sulzer, Schlaforst, Rieter, VF WorkWear enhances the overall membership profile

Mumbai, India (PRWEB) December 16, 2003 --

More and more companies are coming on the YarnsandFibers exchange. Companies like Dupont SA, Accordis, Samsung, Itochu, Nichimen, Kosa, Akra, Brilen, Reliance, Indo Rama, Indian Rayon, Grasim and many more are active on YnFx. Also, companies like Saurer/Barmag, Sulzer, Schlaforst, Rieter, VF WorkWear enhances the overall membership profile.

The transactional revenue model has also been very active. YnFx has so far done transaction worth over 40 crores. This is a revalidation of the global textile industrys belief in the services of YarnsandFibers.

YnFx has recently launched the Private Trading Exchange….. thereby guarantying reduction in costs out of the supply-and-demand chain and increase the market's efficiency.

We are happy to announce an alliance with Groupe Coface. A world leader in trade finance and protection (credit insurance) and the leading French company for credit information and receivables management, the Coface group has been assisting companies in their international commercial transactions for more than fifty years. It is quoted on the Paris Stock Exchange and rated AA by Fitch IBCA,

It offers a full range of guarantees and services, allowing companies across the world to develop and retain a profitable customer base thanks to the outsourcing of all or part of the management of the customer portfolio. Through its various alliances and network, Coface is today present in more than 73 countries and this number is increasing all the time as a result of continued international development.

A world class data processing system monitors over 35 million companies in 220 countries, permanently enriched by 150 information sources, by the invoice payment experience of 70,000 enterprises and the expertise of 300 "credit risk" subscribers of more than 40 credit insurance companies.
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