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CARE downgrade rating of Ruby Mills

28 Nov 2015 Evaluate

Credit rating agency, Credit Analysis and Research (CARE) has based on the annual report of 2014-15 downgraded rating of Ruby Mills which was due to certain minor mismatches in repayment due to certain mismatch in cashflow and in receipt from sales/Lease incomes from the development of Company’s mill land.

Currently, the company in the second half of this calendar year has concluded several lease/sale transactions which will with this development enable to take care of its entire obligation in this year.

Peers
Company Name CMP
Vardhman Textiles 523.70
Welspun Living 264.30
Arvind 499.75
Raymond Lifestyle 513.15
K.P.R. Mill 1176.80
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