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CARE reaffirms ratings of Sita Shree Food Products’ bank facilities

25 Feb 2015 Evaluate

Credit rating agency, CARE has reaffirmed ‘BBB-’ rating to Sita Shree Food Products’ long term bank facilities worth Rs 127.59 crore and ‘A3’ rating to company’s Short term Bank Facilities worth Rs 84 crore. The ratings assigned to the bank facilities of SitaShree Food Products (Sitashree) continue to derive strength from the vast experience of its promoters in the food grain industry, its long standing track record of operations with diversified revenue stream and significant improvement in the scale of operation, profitability and capital structure during FY14 (refers to period April 1 to March 31).

Sita Shree Food Products is engaged in the business of wheat processing and pulse processing. Products are sold in its own brands that are ‘Sita Shree Regular’ and ‘Sita Shree Gold’ or sold to other brands. It is a supplier to major retail players such as Reliance Retail, Pantaloon Retail and Satnam Overseas.

Sita Shree Food Share Price

0.39 0.00 (0.00%)
03-Feb-2020 18:01 View Price Chart
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