Scripscan:Hanil Era Textiles Ltd
cmp:2
Code:500177
Story:Hanil Era Textiles Limited manufactures and sells yarn and fabrics in India. Its products include acrylic yarn, acrylic/cotton 50:50 raw white yarn, acrylic/wool 70:30 and 50:50 raw white yarn, carded and combed cotton raw white, polyester raw white yarn, polyester/viscose raw white yarn, viscose raw white yarn, polyester/cotton raw white yarn, cotton/silk yarn, and nylon/polyester filament and polyester slub yarn. The company also engages in the production of ethanol. Hanil Era Textiles Limited exports its products to Bangladesh, Kenya, Canada, South Korea, China, Mexico, Cyprus, Morocco, the Czech Republic, Nigeria, Egypt, Portugal, Ethiopia, South Africa, France, Spain, Hong Kong, Tanzania, Israel, Tunisia, and Italy.The Company has improved labour welfare and working conditions and is looking forward to improve capacity.The local market for yams and fabrics is better. The Company is in discussion with the lenders for restructuring its debts and also OTS.Company sales and profits have dropped continously over the last few years owing to low capacity utilization.I have some respect for this company for some personal reasons,investors having it should hold.At 2rs one has got nothing to loose.
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