Credit rating agency, CARE has reaffirmed ‘BBB-’ rating to Sical Logistics’ long term bank facilities worth Rs 256.96 crore.
The company has received the said rating reaffirmation on the back of its established track record in the logistics sector for over five decades, integrated nature of logistics operations of the consolidated entity, stable revenue from its long-term service contract with major client, limited competition in stevedoring operations and demonstrated support of the current promoter namely the ‘coffee day’ group.
Sical is currently engaged in Port Handling, Trucking, Shipping Agency Services (SAS) and Customs House Agency (CHA).
Company Name | CMP |
---|---|
Allcargo Logistics | 70.90 |
TVS Supply Chain Sol | 173.85 |
Container Corp | 1092.75 |
Mahindra Logistics | 449.00 |
Transport Corp. | 910.95 |
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