Credit rating agency, CARE has reaffirmed ‘AAA’ rating assigned to Havells India’s long term bank facilities worth Rs 244.22 crore and ‘A1+’ rating assigned to company’s short term bank facilities worth Rs 409.90 crore. The ratings assigned to the bank facilities of Havells India (HIL) continue to take into account strong brand image and market position of the company in diversified product segments, established and vast dealership network, experienced and resourceful promoter group, healthy financial risk profile marked by negligible debt levels, consistent growth in operating income and profitability and strong liquidity with unencumbered cash and liquid investments of more than Rs 1300 crore.
Havells India is engaged in manufacturing and marketing of electrical and power equipments. It offers industrial and domestic circuit protection switchgear, cables and wires, motors, fans, power capacitors, lamps, luminaries for domestic, commercial and industrial applications, modular switches and bath fittings.
