Credit rating agency, Credit Analysis & Research (CARE) has revised rating of Jiya Eco Products’ long term bank facilities worth Rs 4.18 crore to ‘BBB-’ from ‘BB’. The revision in the rating assigned to the bank facilities of Jiya Eco Products (JEPL) is primarily on account of improvement in its total operating income (TOI), profit margins, capital structure and debt coverage indicators during FY15 ( refers to the period April 1 to March 31).
The rating continues to take comfort from the benefits derived from the experienced promoters, easy access to raw material, diversified user industries, and comfortable liquidity position along with availability of various tax benefits. The rating also takes into consideration successful completion of initial public offering (IPO) and consequent increase in net worth base of JEPL.
| Company Name | CMP |
|---|---|
| Rain Industries | 132.05 |
| Agarwal Indl. Corp | 442.00 |
| TN Petro Products | 90.37 |
| Supreme Petrochem | 767.15 |
| Nexxus Petro Inds | 95.50 |
| View more.. | |
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