• Prima is the Pranda Group’s local trading arm to expand OBM sales locally with witnessed continuing and strong parental support through stretchable supplier credit, recurring ST interco loan and payables.
• The gold import from Scotia Mocatta is against commercial SBLC issued from our bank; thus, the risk of losses of suppliers (of both jewelry- FG and gold- RM) is low.
• Our refinancing partial gold purchase from Scotia Mocatta by providing unsecured Precious Metal Loan limit (with no commercial SBLC) is fully covered by Corporate Guarantee from Pranda Jewelry, a listed co with strong capital structure.