Credit rating agency, CARE has assigned ‘A’ rating to DFM Foods’ long-term bank facilities worth Rs 123.97 crore. The rating agency has also assigned ‘A1’ rating to the company’s short-term bank facilities worth Rs 9.33 crore.
The ratings assigned to the bank facilities of DFM Foods (DFMFL) derive strength from the experienced promoters, strong brand name leading to established market position, robust marketing and distribution network. The ratings also factor in comfortable financial risk profile marked by healthy profitability and comfortable capital structure of the company.
