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| Financials |
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In the First Quarter of 2008-09 (Q1), House of Pearl Fashion posted a growth of 19.62 percent in terms of net sales, on a year on year basis.
House of Pearl Fashion, one of the leading apparel manufacturing companies in India, has registered net sales of $ 77.75 million (Rs326.58 crores) for the quarter ending June-2008. The company recorded net sales of $ 65 million (Rs273 crore) in the corresponding quarter of 2007. |
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Annual Report 06 - 07
Q1 2008 - 09 |
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| Performance Overview |
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International Operations
- Own manufacturing facilities in Bangladesh and Indonesia with a total capacity of 8 million pieces per
annum.
- Ownretailing brands 'DCC' and 'Kool Hearts' in US.
- Marketing and Distribution offices in US, UK, Hong Kong, Spain and Canada. Merchandising and Design
teams in constant touch with them.
- Ownwarehousing and processing facilities inUSandUKwhich can offer goods onFOBandLDPbasis.
- Sourcing teams in China and Bangladesh (apart from India) accessing 150 third party, compliant
manufacturing units which offer a capacity of approximately 120 million pieces per annum.
- 80%of the company's revenues are from overseas operations.
Domestic Operations
Domestic operations carried out by Pearl Global Limited.
- House of Pearl Fashions Limited owns 60.49% stake in Pearl Global and has six factories in Gurgaon with a
combined capacity of 9 million pieces per annum.
- Pearl Global Limited has also set up a new state-of-the-art bottom manufacturing facility in MEPZ Chennai
and acquired an existing knits & woven facility in Gurgaon with a capacity of 3 million pieces each per
annum.
- House of Pearl Fashions Limited
Leading Customers
Currently servicing 89 retailers across the globe with a healthy spread between USA, Latin America &
Europe.
Some leading customers includeGAP, Banana Republic,ASDA-Wal-Mart, Kohl's, Esprit, Next, etc.
House of Pearl Fashions Limited has added 29 new clients in FY07, some significant among these are
TESCO,KMart, Hudson,H&M,Value City,Auchan, etc.
House of Pearl Fashions Limited is a strategic vendor for retailers likeASDAWalmart and JC Penney. |
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