Credit rating agency, CARE has assigned BB- rating to Syschem India’s long-term bank facilities worth Rs 15.75 crore. The rating agency has also assigned A4 rating to the company’s short term bank facilities worth Rs 3.00 crore.
The company has received the said rating on the back of its small scale of operations, working capital intensive nature of its business, high fragmentation and high level of competition in each product line.
Syschem India is engaged in the business of manufacturing of Active Pharmaceutical Ingredient Intermediates (API Intermediate), thinners, wood and paint finishes and distillation of solvents.
