INDIAN JEWELLER

A symposium by GJEPC to strengthen the synergy with the financial sector

Majority of the bankers who attended the seminar stressed on the need to expand exposure in diamond jewellery sector while at the same time following prudent risk management norms.

Post By : IJ News Service On 04 April 2013 5:26 PM
DGSE Companies, a retailer as well as wholesaler, has sold two pawnshops in Dallas, Texas, for a cumulative sum of around $1.3 million. The sale was an all-cash deal, which has improved the company’s liquidity, reports say. %% The company has also renewed its revolving and term credit facilities with its primary bank. This has caused a reduction its revolving loan balances of $400,000. The sale and renewal of the credit facilities would boost the company’s cash generation and improve operations in the current market slowdown. At present, the company’s term facility reflected an outstanding balance of less than $350,000, while usage of the revolving credit line was $3.2 million.

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