Credit Analysis and Research Ltd (CARE) with reference to the exiting bank facilities of the Company has retained a "CARE BBB" (triple B) rating to the long term bank facilities aggregating to
225.8 crores of the Company including enhanced facilities of
10 crores. Facilities with this rating are considered to offer moderate safety for timely servicing of debt obligation.
Further CARE has retained a "PR2" ( PR two ) rating to the short term bank facilities aggregating to
55 crore of the Company including enhanced facilities of
25 crores. Facilities with this rating would have adequate capacity for timely payment of short term debt obligation.