Credit rating agency, CARE has reaffirmed ‘BBB-’ rating to Inani Marbles & Industries’ long term bank facilities worth Rs 14.68 crore and ‘A3’ rating to company’s Short term Bank Facilities worth Rs 4.10 crore. The rating agency has also reaffirmed ‘BBB-/ A3’ rating to company’s Long/Short term Bank Facilities worth Rs 90 lakh.
The ratings assigned to the bank facilities of Inani Marbles & Industries (IMIL) continue to derive strength from wide experience of the promoters in the marble industry coupled with established track record of operations of the company and financial risk profile marked by healthy profitability, comfortable capital structure, comfortable debt coverage indicators and moderate liquidity position.
Inani Marbles & Industries is engaged in the mining and processing of marbles, granites and stones along with the manufacturing of marble handicrafts. IMIL owns four mines located in Rajasthan and sells its products both in domestic and export markets.
Company Name | CMP |
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Kajaria Ceramics | 1268.20 |
Somany Ceramics | 765.40 |
Cera Sanitaryware | 7175.00 |
Asian Granito India | 62.00 |
Pokarna | 515.00 |
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