CARE reaffirms ratings of Investment & Precision Castings’ bank facilities

08 Dec 2014

Credit rating agency, CARE has reaffirmed ‘BB+’ rating to Investment & Precision Castings’ long term bank facilities worth Rs 33.05 crore and ‘A4+’ rating to company’s Short term Bank Facilities worth Rs 4 crore.

The ratings continue to be constrained by the relatively small scale of operations of Investment & Precision Castings (I&PCL) along with its high customer concentration and linkages with the cyclical automobile industry. The ratings are further constrained by its working capital intensive operations with an elongated operating cycle, susceptibility to volatile raw material prices and implementation & salability risks associated with its planned project.

Investment & Precision Castings is a fully equipped investment casting foundry with conventional machining facilities and state-of-the-art CNC Machine Shop. It supplies fully machined ready to use parts to automotive and other customers.

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Invts & Precisn Cast Share Price

164.00 0.00 (0.00%) Nov 15, 18:01
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Peers
Company Name CMP
Welspun Corp 136.15
Ratnamani Metals 962.55
Electrost Castings 12.70
Man Industries 42.15
Kirloskar Ferrous 61.15
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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