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CARE reaffirms ratings of Shri Jagdamba Polymers’ bank facilities

14 Sep 2015 Evaluate

Credit rating agency, CARE has reaffirmed ‘BBB-’ rating to Shri Jagdamba Polymers’ long-term bank facilities worth Rs 26.18 crore. The rating agency has also reaffirmed ‘A3’ rating to the company’s short-term bank facilities worth Rs 30.50 crore.

The ratings assigned to the bank facilities of Shri Jagdamba Polymers (SJPL) continue to derive strength from its experienced promoters, SJPL’s long standing track record of operation in woven fabric manufacturing and established relationship with its overseas customers. The ratings also take into account its financial risk profile marked by moderate profitability and debt coverage indicators.

Shri Jagdamba Polymers is engaged in manufacturing of polypropylene (PP)/ Polyethylene (PE) woven sacks & fabric, geo-textile products and various technical textile products which find its application in construction, infrastructure and packing industry. SJPL has its plant situated at Dholka near Ahmedabad having an installed capacity, for manufacturing of woven fabrics and bags, of 12,000 Metric Tons per annum (MTPA) as on March 31, 2015.

Shri Jagdamba Polymr Share Price

593.00 -6.90 (-1.15%)
01-Jul-2026 16:59 View Price Chart
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