Credit rating agency CARE has assigned ‘A’ rating to Rs 177.50 crore term loan and Rs 216 crore long term fund based bank facilities of Mandhana Industries. The rating agency has also assigned ‘A1’ rating to Rs 44 crore short term non fund based bank facilities of the company.
The ratings derive strength from experienced promoters, partially integrated operations, gradual shift in product mix towards high margin garment business, established marketing set-up with strong clientele and in-house product design and development team.
Mandhana Industries is a vertically integrated textile and garment manufacturing company in India having presence across operations ranging from yarn dyeing to garment manufacturing. The company’s operations and facilities enable it to manufacture a wide variety of value-added fabrics and garments through its integrated operations.
