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CARE reaffirms ratings of Gulshan Polyols’ bank facilities

19 Sep 2015 Evaluate

Credit rating agency, CARE has reaffirmed ‘A+’ rating to Gulshan Polyols’ long-term bank facilities worth Rs 179.19 crore. The rating agency has also reaffirmed ‘A1+’ rating to the company’s short-term bank facilities worth Rs 12.18 crore.

The ratings of the bank facilities of the company continue to factor in the experience of promoters and management team, reputed clientele from diverse industries, diversified product profile and favorable financial risk profile marked by consistent growth in total income and comfortable overall gearing and debt coverage indicators.

Gulshan Polyols is engaged in manufacturing of ‘Sorbitol-70%’. Sorbitol, a starch derivative, sweet in taste, finds wide range application, the major uses in dentrifice, cosmetic, Pharma, Vitamin-C, food products etc.

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