CARE reaffirms rating of Pioneer Embroideries’ bank facilities

20 May 2014

Credit rating agency, CARE has reaffirmed ‘D’ rating to Pioneer Embroideries’ Long Term Bank Facilities (Fund Based) worth Rs 39.70 crore with reduced from worth Rs 47.80 crore, Long Term Bank Facilities (Term Loan) worth Rs 82.18 crore with reduced from worth Rs 120.07 crore and Short Term Bank Facilities (Non Fund Based) worth Rs 5.86 crore. The rating is constrained by delay in debt servicing owing to strained liquidity position.

Pioneer Embroideries is one of the largest manufacturer-exporter of embroideries, Torchon/Bobbin laces, Raschel laces and other garment accessories. It is also the proud owners of the no.1 retail brand for embroidered clothing 'Hakoba'.

Related Pioneer Embroideries Ltd. Links:

Pioneer Embroideries Share Price

22.85 0.00 (0.00%) Nov 20, 18:01
1 Year Price Chart
Peers
Company Name CMP
Trident 59.15
Filatex India 36.45
Sutlej Textiles&Inds 31.90
Nahar Ind.Enterprise 23.25
Nitin Spinners 45.70
View more..
Sensex vs Pioneer Embroideries
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

Callback

8055769463

8055769463