SMERA assigns rating to bank facilities of Olympia Industries

Credit rating agency, SMERA Ratings has assigned ratings to bank facilities of Olympia Industries. The credit rating agency has assigned ‘BBB-’ rating with stable outlook for credit facilities from bank amounting Rs 15 crore of the company.

Olympia Industries is engaged in the distribution of FMCG products. The company had entered into an agreement with Amazon in 2014, to sell FMCG products including baby care and personal care products on its website.