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CARE reaffirms ratings of Denis Chem Lab’s bank facilities

04 Apr 2014 Evaluate

Credit rating agency, CARE has reaffirmed ‘BB+’ rating to Denis Chem Lab’s long term bank facilities worth Rs 22.50 crore which was enhanced from Rs 1.58 crore and ‘A4’ rating to company’s Short term Bank Facilities worth Rs 3 crore which was enhanced from Rs 2.75 crore. Besides, the rating agency has also reaffirmed ‘BB+/A4’ ratings to the long term/short term bank Facilities of the company for amount worth Rs 13.25 crore which was enhanced from Rs 8.25 crore.

The company has received the said ratings on the back of its moderate scale of operations in a highly competitive pharmaceutical industry. The rating is further constrained by the financial risk profile marked by moderate profit margins, moderately leveraged capital structure and weak liquidity position.

Denis Chem Lab Limited (DCLL) is engaged in the manufacturing of IV fluids both in glass and plastic bottles using the BFS (Blow Fill Seal) technology. DCLL’s WHO-GMP certified manufacturing unit is located at Chhatral (Gandhinagar) and has installed capacity for producing Transfusion Solution (TS) in glass bottles of 21.84 million bottles per annum and for Plastic bottles of 18.72 million bottles per annum as on March 31, 2013.

Denis Chem Lab Share Price

78.42 -1.85 (-2.30%)
17-Apr-2026 16:59 View Price Chart
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