Credit rating agency, CARE has reaffirmed ‘BBB+’ rating to Mahalaxmi Rubtech’s long term bank facilities worth Rs 18.04 crore and ‘A2’ rating to company’s Short term Bank Facilities worth Rs 3 crore. The rating agency has also reaffirmed ‘BBB+/A2’ rating to the company’s Long-term/Short-term bank facilities worth Rs 9.55 crore.
The ratings of Mahalaxmi Rubtech (MRTL) continue to derive strength from its experienced and resourceful promoters, established operations in the textile processing and weaving business as well as its niche offerings in the rubber-coated printing blanket business. The ratings further derive strength from MRTL’s comfortable leverage, liquidity and debt coverage indicators.
Mahalaxmi Rubtech is engaged in the textile industry segments like weaving, textile processing (own as well as job work) and manufacturing of technical textiles like textile rubber printing blanket, offset printing blankets which find application in screen printing machines, web printing machines, etc.
