Credit rating agency, CARE has reaffirmed ‘BBB+’ rating to JK Agri Genetics’ long term bank facilities worth Rs 91.94 crore and ‘A3+’ rating to company’s short term bank facilities worth Rs 2 crore. The ratings of the bank facilities of JK Agri Genetics (JKAL) continue to draw comfort from diversified product mix of JKAL with a focus on high profit yielding vegetable seed segment.
The ratings also factor in the experienced promoter group, long track record of operations, established brand name, distribution network and strong in-house research and development along with technical collaboration with leading institutes.
JKAL is engaged in the business of research, production and marketing of hybrid seeds. JKAL has a wide portfolio encompassing all the major crops including bajra, jowar, cotton, hybrid rice, maize, paddy, sunflower, mustard and vegetables (including tomato, chilli, okra, brinjal, gourds and melons).
