Shri Lakshmi Cotsyn gets rating reaffirmation from CARE for bank facilities

07 May 2012

Credit rating agency, CARE has reaffirmed BBB+ rating of Shri Lakshmi Cotsyn’s Rs 1988.72 crore long term bank facilities. The rating agency has also reaffirmed A3+ rating to Rs 180 crore short term bank facilities of the company.

The ratings continue to factor in the experience of the promoters and management team, consistent business growth, wide range of products including specialized products for the defence sector and gradual addition of higher value-added technical textile products viz camouflage fabric, P U Coated fabric, Infra Red Reflective Fabric (IRR), Nuclear Bio-chemical fabric (NBC) etc.

Shri Lakshmi Cotsyn is engaged in manufacturing of blended suiting, shirting and dress material, denim, terry towels, microdot fusible interlining, industrial fabric (defence), embroidery, lace fabric, quilted fabric, wider width sheeting fabrics, and bottom wear fabrics.

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