Himatsingka Seide has crystallized and settled one remaining foreign exchange derivative contract for an amount of Rs 15.54 crore. The company has provided an amount of Rs 18.24 crore for the period ended June 30, 2012 to the bank for entering into a contract.
Himatsingka Seide is in the business of manufacturing natural silk and silk blended fabrics, silk woven yarn, etc. Its product range includes decorative fabrics for home furnishings mainly bed linen, bridal wear, fashion fabrics for men and women wear etc.
