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ICRA reaffirms ratings assigned to bank facilities of Sanghvi Movers

07 Jul 2015 Evaluate

Credit rating agency, ICRA has reaffirmed credit rating assigned to bank facilities of Sanghvi Movers. The credit rating agency has reaffirmed ‘A+’ for long term loans and ‘A1’ for short term loans. The outlook on the long term rating is stable.

Sanghvi Movers is a flagship company of the Sanghvi Group. The company is one the largest crane hiring company in India, 3rd largest in Asia.


Peers
Company Name CMP
BEML 2013.05
Action Const. Equip 1204.95
Sanghvi Movers 419.60
TIL 249.75
Brady & Morris Engg. 665.00
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