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CARE assigns ratings to the various instruments of Shree Ganesh Jewellery House

22 Aug 2012 Evaluate

Credit Analysis & Research (CARE) has revalidated and assigned the ratings to the various instruments of Shree Ganesh Jewellery House. The rating agency has assigned A+ rating to the company’s Non Convertible Debentures (NCDs) and long term bank facilities. The rating agency has also assigned A1+ rating to the company’s short term bank facilities.

Further, CARE has assigned A1 rating to the company short term debts (including commercial papers).

Shree Ganesh Jewellery House is one of the largest manufacturers and exporters of handcrafted gold jewellery in India. Its  products include handcrafted and hallmarked gold jewellery, gold enameled jewellery and gold jewellery studded with precious stones such as diamonds, rubies, emeralds, sapphires, pearls, etc. and semi-precious stones such as garnet, cubic zirconium, etc.

Peers
Company Name CMP
Titan Co 4510.35
Kalyan Jewell.India 419.30
Rajesh Exports 123.25
Senco Gold 324.20
Thangamayil Jeweller 4124.95
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