Credit rating agency, CARE has reaffirmed ‘A’ rating of Rs 216 crore long term bank facilities of Mandhana Industries. The rating agency has also reaffirmed ‘A1’ rating to Rs 44 crore short term bank facilities of the company.
The ratings derive strength from the company’s experienced promoters, the company’s partially integrated operations, the gradual shift in its product mix towards high-margin garment business, its established marketing set-up with a strong clientele and in-house product design and development team.
Incorporated in 1984 as Mandhana Textile Mills (MIL), is engaged in the manufacturing of grey/finished fabric and garments. As of March 31, 2011 MIL had the capacity to produce 36 million metres of grey fabric, processing capacity of 51.60 million metres, garmenting capacity of 3.60 million pieces and yarn dyeing capacity of 3,000 metric tonnes per annum.
| Company Name | CMP |
|---|---|
| Welspun Living | 125.45 |
| Vardhman Textiles | 557.75 |
| Arvind | 387.20 |
| K.P.R. Mill | 926.40 |
| Page Industries | 37935.70 |
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