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| Exchange Disseminated Time | Banaras Beads Ltd has informed BSE that the Board of Directors of the Company at its meeting held on December 02, 2009, inter alia, has accepted given below credit facilities sanctioned by Bank of Baroda.
1. Packing Credit Limit (in Foreign Currency / Indian Rupees) of Rs. 600.00 Lac (Rs. 500.00 Lac as Regular Limit plus Rs. 100.00 Lao as Gold Card Limit).
2. Post Shipment Credit Limit (in Foreign Currency / Indian Rupees) of Rs. 300.00 Lac (Rs. 250.00 Lac as Regular Limit plus Rs. 50.00 Lac as Gold Card Limit).
3. Interchangeability from Post shipment Credit Limit to Pre Shipment Credit Limit up to 50% of post shipment credit limit.
4. The import letter of credit limit / Buyers credit limit (with or without LC) of Rs. 600.00 Lac.
5. Forward Contract Limit of Rs. 500.00 Lac (Rs. 250.00 Lac for Exports and Rs. 250.00 Lac for Import) for hedging the exposure in Exports and imports. |
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