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CARE reaffirms ratings of International Conveyors’ bank facilities

12 Jan 2015 Evaluate

Credit rating agency, CARE has reaffirmed ‘A-’ rating to International Conveyors’ long term bank facilities worth Rs 38.35 crore and ‘A2+’ rating to company’s Short term Bank Facilities worth Rs 2.88 crore. The rating agency has also reaffirmed ‘A-/ A2+’ rating to company’s Long/Short term Bank Facilities worth Rs 304.30 crore.   

The ratings take into account the experience of the promoters with long track & satisfactory record of operation, operating in a niche segment with few competitors in the domestic segment, demonstrated ability to develop and sustain strong client relationship, and satisfactory financial risk profile in FY14 & H1FY15 (refers to the period April 1 to March 31).

International Conveyors is engaged in manufacturing and marketing of solid woven fabric reinforced PVC impregnated and PVC covered fire retardant, anti static conveyor belting.

International Convey Share Price

79.73 0.51 (0.64%)
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