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Brickwork Rating India assigns ratings to bank facilities of Lawreshwar Polymers

05 Aug 2015 Evaluate

Credit rating agency, Brickwork Rating India has assigned ratings to bank facilities of Lawreshwar Polymers. The credit rating agency has assigned ‘BBB-’ rating with Stable Outlook to the long-term bank facilities of fund based Cash Credit amounting Rs19 crore and Term Loan amounting Rs 8.88 crore, while the rating agency has assigned ‘A3’ rating to short-term bank facilities of the Non- Fund based FLG (Buyers Credit) amounting Rs 3 crore and ILC/FLC amounting Rs 2 crore.

Lawreshwar Polymers commenced its production on May 11, 1995 with an installed capacity of 45 Lac pairs per annum and within a span of one year it had been successful in achieving envisaged results and able to establish an effective sales network in Rajasthan as well as other states. The company has successfully established its brand name “Lehar” in the market within a very short period.

Lehar Footwears Share Price

219.15 1.70 (0.78%)
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