Credit rating agency, CARE has reaffirmed ‘BB’ rating to Maximaa Systems’ long term bank facilities worth Rs 6.33 crore and ‘A4’ rating to company’s Short term Bank Facilities worth Rs 2 crore. The ratings assigned to the bank facilities of Maximaa Systems (MSL) continue to be constrained by working capital-intensive nature of operations, stiff competition along with susceptibility of margins to the volatile raw material prices.
Maximaa Systems is engaged in business of manufacturing and trading of different types of industrial storage systems (ie, lockers, cupboards & steel furniture made of CRC sheets & is in the form of slotted angles, panels of different specifications and design for storing inventory) and IT services. Furthermore, the company ventured into manufacturing pharmaceutical formulations making ayurvedic, in combination with probiotics.
