Credit rating agency, CARE has reaffirmed ‘AAA’ rating to Clariant Chemicals’ long term bank facilities worth Rs 75 crore which was reduced from Rs 95 crore and ‘A1+’ rating to company’s Short term Bank Facilities worth Rs 40 crore which was enhanced from Rs 30 crore.
The company has received the said ratings on the back of its diversified product portfolio spread across different industry segments, established sales and marketing network and robust financial risk profile marked by highly favorable capital structure and ample liquidity.
Clariant Chemicals (India) represents a valuable repository of manufacturing and marketing experience. Its constituents were all well respected companies who played an invaluable role in the development of the textiles, leather, paints, plastics, printing inks and agrochemicals industries in India.
Company Name | CMP |
---|---|
Tata Chemicals | 1059.85 |
SRF | 2284.00 |
Pidilite Inds. | 2913.90 |
Aarti Inds | 678.60 |
Gujarat Fluorochemic | 3261.65 |
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