Credit rating agency, CARE has reaffirmed ‘BB+’ rating to Lawreshwar Polymers’ long term bank facilities worth Rs 20.86 crore and ‘A4’ rating to company’s Short term Bank Facilities worth Rs 2 crore. The ratings continue to remain constrained on account of Lawreshwar Polymers (LPL) presence in a highly fragmented and competitive footwear industry and its working capital intensive nature of operations.
Lawreshwar Polymers commenced its production on May 11, 1995 with an installed capacity of 45 Lac pairs per annum and within a span of one year it had been successful in achieving envisaged results and able to establish an effective sales network in Rajasthan as well as other states. The company has successfully established its brand name “Lehar” in the market within a very short period.
