Hanung Toys & Textiles

Hanung Toys & Textiles Ltd has informed that the Company has signed export order tie-up with a leading US buyer, for exporting Home furnishing to the extent of USD 50 Million (About Rs 200 Crores) to be completed by December 2009. This agreement will bring greater strength and better revenue to the Company.

Further the Company has inform that, the Company has so far signed long term export contracts to the tune of USD 265 Million (About Rs 1060 Crores).

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.