Credit rating agency, CARE has reaffirmed ‘AA (Stable)’ rating to Ador Welding’s long-term bank facilities worth Rs 27.50 crore. The rating agency has also reaffirmed ‘A1+’ rating to the company’s short-term bank facilities worth Rs 24 crore. The ratings continue to factor in Ador Welding's (AWL's) long and established track record in the welding industry, experienced promoter group and management, diversified product portfolio and comprehensive sales and distribution network. The ratings also take into consideration strong financial risk profile on the back of low financial leverage, comfortable liquidity parameters and improved PBILDT margins in FY16 (refers to the period April 1 to March 31).
AWL is engaged in manufacturing of welding consumables & welding equipment and also has a project engineering division. The company offers a complete welding package which includes a wide variety (over 200 types) of electrodes, fluxes, fluxcored wires and specially customized electrodes.
