CARE assigns ‘BBB’, ‘A3’ ratings to Hindoostan Mills’ bank facilities

26 Sep 2014

Credit rating agency, CARE has assigned ‘BBB’ rating to Hindoostan Mills’ long term bank facilities Fund-based worth Rs 10 crore and Term loan worth Rs 29.30 crore. The rating agency has also assigned ‘A3’ rating to the company’s short term bank facilities worth Rs 0.70 crore.

The ratings assigned to the bank facilities of the company derive strength from the experience of the promoters in the Textile industry, partly integrated operations, moderate profitability margins and comfortable financial risk profile. 

Hindoostan Mills operates as a composite cotton textile mill having both spinning & weaving facilities and manufactures cotton woven greige fabrics of various qualities.

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Hindoostan Mills Share Price

242.80 -0.90 (-0.37%) Nov 22, 18:01
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Peers
Company Name CMP
Arvind 47.80
PDS Multinational 312.20
Vardhman Textiles 881.10
Welspun India 54.40
Alok Inds 2.81
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Sensex vs Hindoostan Mills
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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