http://www.moneycontrol.com/news/business/total-orderbook-at-rs-1500cr-hanung-toys_435939.html
In an interview with CNBC-TV18, Ashok Kumar Bansal, Chairman and Managing Director, Hanung Toys and Textiles<http://www.moneycontrol.com/company-article/hanung-toystextiles/news/HTT>, speaks about the latest happenings in his company and sector. *Here is a verbatim transcript of the exclusive interview with Ashok Kumar Bansal on CNBC-TV18. Also watch the accompanying video.* *Q: Can you give us details of this USD 100 million order that you bagged yesterday from a leading US buyer?* A: Yes. One of our US customer and we have tied up with for three years, it is a three year order. They are one of our old customers, who have tied up for a long-term contract. After signing the contract, our Home furnishing value added product will help the company to grow in the topline and as well as will substantially improve the margins of the company. So after signing up we have a total orderbook of almost Rs 1500 crore. *Q: So by which quarter, which financial year will any revenue impact start showing up for you of this deal?* A: Even for Q3 the number will be better, Q4 will be much better. In financial year ’11, there will be substantial improvement in that turnover as well as substantial improvement in the bottomline of the company. Right now, all the textile business is booming and there is a lot of improvement and all the textile companies are performing very well. So the EBITDA margins on the textile companies are going to improve substantially. *Q: You were approved fund raising as well to the tune of about USD 50 million. Have you decided what instrument you want to use and how much you want to raise?* A: It is still in the pipeline and we are working with the merchant banker. So I think will take another 3-4 months to raise the money. *Q: What kind of margin profile does this new order come with? Is it higher than your average margins of 17-18% or lower?* A: Yes. It is 20% plus. *Q: And of the Rs 1500 crore orderbook that you spoke about, how much is from home furnishing now?* A: Almost Rs 1000 crore in home furnishing and Rs 500 crore in the toys. -- You received this message because you are subscribed to the Google Groups ""GLOBAL SPECULATORS"" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/globalspeculators?hl=en.
