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.
