CARE assigns rating of ‘BB’ to Prakash Industries’ bank facilities

Prakash Industries Ltd. | Steel & Iron Products | Metals & Mining | BSE: 506022 | NSE: PRAKASH

05 Apr 2018 Evaluate

CARE Ratings has assigned rating of ‘BB’ with Stable outlook to Prakash Industries’ bank facilities.

The rating assigned for the bank facilities of the company derives strength from established operational track record along with experienced promoter and management, comfortable capital structure, company's diversified revenue streams, strategic location of manufacturing units and long term availability of raw material.

Prakash Industries is the largest manufacturer of PVC pipes and fitting in North India.

Peers

Company Name	CMP
JSW Steel	1268.30
Tata Steel	187.95
Steel Authority	183.10
Jindal Stainless	739.60
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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
Logo:
Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
Brand Logo:
SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045

Compliance Officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com	Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com	Telephone: +919860919463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.