CARE reaffirms ratings to Mandhana Industries’ bank facilities

16 Oct 2014

Credit rating agency, CARE has reaffirmed ‘A’ rating to Mandhana Industries’ long term bank facilities worth Rs 951.42 crore and ‘A1’ rating to company’s Short term Bank Facilities worth Rs 80.00 crore. The ratings assigned to the bank facilities of Mandhana Industries (MIL) continue to derive strength from its experienced promoters, the company’s partially-integrated operations, the gradual shift in its product mix towards high-margin garment business, its established marketing set-up with a strong clientele and an in-house product design and development team.

Mandhana Industries is a vertically integrated textile and garment manufacturing company in India. Its operations and facilities enable it to manufacture a wide variety of value-added fabrics and garments through its integrated operations comprising of dyeing of yarns and fabrics, weaving operations for fabrics, processing solutions for both fabrics and garments, garment manufacturing etc.

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