Credit rating agency, CARE has assigned BB+ rating to Rasoya Proteins’ long term bank facilities worth Rs 254.13 crore. The rating agency has also assigned A4 rating to the company’s short term bank facilities worth Rs 3 crore.
The company has received the said rating on the back of its long track record of RPL in the soya industry, experienced promoters, strategic location of the manufacturing units and moderate financial risk profile characterized by growing sales, satisfactory capital structure and moderate debt coverage indicators.
The company is engaged in the Business of Solvent Extraction. The company selling its Soya Refined Oil under the brand name ‘Rasoya’ and the oil is available in various pack size from 1/2 liter poly pack and pet bottle to 15 liter/15 kilograms tins.
