Credit rating agency, CARE has assigned BBB+ rating to Rs 487.40 crore long term bank facilities of Value Industries. The rating agency has also assigned A2 rating to Rs 337.50 crore short term bank facilities of the company.
The ratings assigned to the bank facilities of the company factor in the strong promoter support (Value Industries being a part of the Videocon group), the company’s diversified product range, a strong dealer network for its products through its group company and increased demand for consumer electronics due to rising per capita income.
The company’s principal activity is to manufacture and market a wide range of electrical and electronic products, which includes air-conditioners, refrigerators, programmable washing machines and assemblies and sub-assemblies.
Company Name | CMP |
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Crompt.Greaves Cons. | 333.70 |
Whirlpool Of India | 1444.55 |
Bajaj Electricals | 949.45 |
IFB Industries | 1391.00 |
TTK Prestige | 712.00 |
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