Credit rating agency, CRISIL has assigned ratings to bank loan facilities of Banswara Syntex. The rating agency has assigned ‘BBB+’/stable rating to the company's long-term loan facilities and ‘A2’ rating to short-term loan facilities.
Banswara Syntex is a vertically integrated textile mill manufacturing man-made synthetic blended Yarn, wool and wool mixed yarn, all type of Fabrics, Jacquard Furnishing Fabrics, besides production of Readymade Garments and Made-up's. It has also production of Technical Fabric. The Company is one of the largest single mill setup producing spun fibre-dyed yarns in Asia and 90% of the production is fibre dyed.
