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GIL - NON RATED - 1H2012 results and visit note - Visit Note

GIL is the leading exporter of backpacks and handbags in Vietnam, with the two products accounting for more than 80% of its annual sales. GIL also involves in a wide range of importing and exporting activities from outsourcing textile, dried & frozen seafood, interior decoration, medicine and office leasing. Their biggest customers are IKEA (50% turnover), Hapitat (15% turnover) and companies in US, UK, and China. 60% of raw materials used to produce backpacks and handbags are sourced domestical