|
| Exchange Disseminated Time | Banaras Beads Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on December 02, 2009, to consider and approve terms and conditions as stated by Bank of Baroda, in respect of sanction of given below credit facilities by Bank to the Company vide its letter dated November 16, 2009 and other matters:
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 Lac 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. |
|
|