September 24, 2007

Hanung Toys & Textiles

Hanung Toys & Textiles Ltd has informed that the Company's revenue are largely insulated from currency fluctuation risks in terms of the followings:-

1. Domestic revenue contributes around 20-25% of total revenue.

2. Natural hedge by way of import of raw material for stuffed toys to the extent of 30% of total revenue.

3. Exports to IKEA in Indian Rupees to the extent of around 20% of the total revenue.

4. Balance is fully hedged by long term zero-cost foreign currency derivative deals.

This way the Company's total revenues are largely protected from currency fluctuation risks.

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