CARE reaffirms ratings of Kilpest India’s bank facilities

11 Jan 2017

Credit rating agency, CARE has reaffirmed ‘BB- (Stable)’ rating to Kilpest India’s long-term bank facilities worth Rs 4.25 crore. The rating agency has also reaffirmed ‘A4’ rating to the company’s short-term bank facilities worth Rs 1.75 crore. The ratings of Kilpest India (KIL) continue to remain constrained on account of its fluctuating Total Operating Income (TOI) due to dependence on monsoon of the agrochemical industry and its working capital intensive nature of its operations. The ratings, further, continue to remain constrained by its presence in the highly competitive and fragmented agro-chemical industry with high research and development expenses.

Kilpest India is one of India's leading Agri based companies. Kilpest is an ISO certified company and has representation in India in the field of agriculture business comprising Crop Protection Products and Public Health Products, Bio products, Micro-Nutrients and Mix fertilizers.

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