SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

CARE revises rating of Fedders Lloyd Corporation’s bank facilities

02 Sep 2016 Evaluate

Credit rating agency, CARE has revised rating of Fedders Lloyd Corporation’s long term bank facilities worth Rs 568.17 crore to ‘BBB+’ from ‘A-’. The rating agency has also revised rating of company’s short term bank facilities worth Rs 885 crore to ‘A3+’ from ‘A2’.

The revision in the ratings of Fedders Lloyd Corporation (FLCL) takes into account the deterioration in its financial profile marked by declining profitability, elongated receivables as well as decrease in its order book position. The revision in the ratings also factors in the World Bank notification regarding FLCL and related entities’ ineligibility to participate in the World Bank financed projects for a period of 4 years (April 6, 2016 to April 5, 2020).

FLCL provides customized solutions on a turnkey basis in the areas of infrastructure, involving manufacturing, engineering, designing of Steel Structures, Engineering and Procurement & Construction (EPC) for transmission of power, manufacture and supply of towers for wind turbines, and environment control systems for industrial and customized applications.

Peers

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×