CRISIL assigns ‘A1+’ rating to Siyaram Silk Mills’ Commercial Paper

11 Jan 2016 Evaluate

Credit rating agency, CRISIL has assigned ‘A1+’ rating to Siyaram Silk Mills’ Commercial Paper (CP) instrument of Rs 25 crore. Instruments with this rating are considered to have very strong degree of safety regarding timely payment of financial obligations. Such instrument carries lowest credit risk.

Moreover, the rating agency has reaffirmed long term rating of ‘A+/Positive’ and short term rating credit rating of ‘A1+’ for the company’s Bank Loan Facilities of Rs 227.69 crore.

The company is one of the most renowned vertically integrated textile companies in the country. It operates the widest range of latest machinery in its eco-friendly plant at Tarapur, Daman and Mumbai.

Siyaram Silk Mills Share Price

518.00 -5.30 (-1.01%)
Jul 07, 15:43 View Price Chart
Peers
Company Name CMP
Raymond 926.25
Siyaram Silk Mills 518.00
Ludlow Jute &Special 82.90
KG Denim 34.70
BSL 102.30
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