Credit rating agency, CARE has revised rating of Shaily Engineering Plastics’ long term bank facilities worth Rs 101.70 crore to ‘BBB+’ from ‘BBB-’. The rating agency has revised rating of company’s short term bank facilities worth Rs 22.50 crore to ‘A3+’ from ‘A3’.
The revision in the ratings takes into account sustained improvement in the financial risk profile of Shaily Engineering Plastics (Shaily) marked by improved profitability margins & liquidity position along with successful completion of the projects. The revision in the ratings also takes in to account substantial equity infusion during FY15 leading to improved capital structure of the company.
Shaily Engineering Plastics is engaged in manufacturing of injection moulded plastic components and subassemblies for various requirements of Original Equipment Manufacturers (OEM). It also offers secondary operations in plastics like vacuum metalizing, hot stamping, ultrasonic welding etc.
Company Name | CMP |
---|---|
Supreme Industries | 5596.00 |
Astral | 2193.30 |
Finolex Inds | 297.30 |
EPL | 197.60 |
Jain Irrigation Sys | 69.43 |
View more.. |