Credit rating agency, ICRA has revised the long-term scale rating on the Rs 12.25 crore fund based and Rs 21.00 crore non-fund based working capital credit facilities enjoyed by International Combustion India to ‘A-‘ signifying an adequate degree of safety regarding timely servicing of financial obligations and carrying low credit risk. The outlook on the long term scale rating has been revised from Negative to Stable.
The credit rating agency has also reaffirmed the ‘A1’ short-term scale rating signifying a very strong degree of safety regarding timely payment of financial obligations and carrying lowest credit risk assigned to the Rs 10.00 crore fund based sub-limits and Rs 5.00 crore non-fund based sub-limits within the overall working capital credit facilities enjoyed by the company from its bankers. The said ratings are valid till March 31, 2016.
International Combustion India manufactures mineral grinding mills, the company today serves all the major core industries with a specialized range of products which include, Vibrating Screens and Feeders, cone crushers, Bulk Material Handling Equipment, mining haulages, Raymond Grinding Mills, Air Classifiers and Flash Drying systems and Geared Motors and Gear Boxes.
