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CARE revises ratings assigned to bank-facilities of Meghmani Finechem

09 Oct 2014 Evaluate

Credit rating agency, Credit Analysis & Research (CARE) has revised rating of Meghmani Finechem (MFL) for long term bank facilities from ‘BBB’ to ‘BBB+’ and for short term bank facilities from ‘A3 +’ to ‘A2’.

Meghmani Finechem (MFL) is a subsidiary of Meghmani Organics (MOL). MOL holds 57% of equity shares of MFL.

Meghmani Organics is a leading manufacturer of pigment and pesticide products in the country and is the recipient of several prestigious awards in recognition of its outstanding business performance.

Peers
Company Name CMP
UPL 506.35
PI Industries 2049.30
Bayer CropScience 3386.30
Sharda Cropchem 642.10
Sumitomo Chem. India 360.55
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