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CBPL on expansion

Jan '06
Leather accessories exporter Crew BOS Products Ltd (CBPL) has unrivalled presence in India. Gap, Next, Banana Republic, Old Navy and Esprit are some of its clients.

In 2005, company registered 47 percent increase in revenues to Rs81 crore compared to 2004, with net profit almost doubled to Rs8.2 crore.

Company proposes to export advanced quality leather to China and other countries.

Company management has issued a top line guidance of Rs140 crore in 2006, an increase of 73 percent from present levels.

CBPL earns its revenue by catering to the outsourcing requirements of major international brands in the US and Europe.

Its exports to the US amounted to 53 percent and to Europe it is 43 percent. Considering Indian cost effectiveness and low labour charges, company has also entered exporting of fashion footwear.

CBPL has a subsidiary in Hong Kong to market its current range of accessories and finished leather goods globally.

This presence in Hong Kong will benefit CBPL to cash on contract manufacturing opportunities out of China.It is also focusing on local market under its own brand name.

Regarding branded fashion accessories with designer wear, India amounts to less than 1 percent of the apparel market.

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