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ICRA reaffirms rating of Remsons Industries

14 Sep 2017 Evaluate

Credit rating agency, ICRA has reaffirmed the rating of Line of Credit (LOC) of Remsons Industries worth Rs 22.20 crore. The rating agency has reaffirmed Long Term Rating of the company at ‘BB+’ with negative outlook and Short Term Rating at ‘A4+’.

Remsons Industries is engaged in the manufacture of cables, flexible shafts, gear shift systems, push pull cables and park brake mechanisms.

Peers
Company Name CMP
SamvardhanaMotherson 159.80
Tube Investments 2195.00
Bosch 49700.00
UNO Minda 1125.00
Bombay Burmah Trdg. 1244.40
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