Credit rating agency, CARE has reaffirmed BBB rating to RSWM’s long-term bank facilities worth Rs 1,582.44 crore which was enhanced from Rs 1,151.89 crore. The rating agency has also reaffirmed A3+ rating to the company’s short-term bank facilities worth Rs 100 crore which was enhanced from Rs 50.00 crore.
The company has received the said rating reaffirmation on the back of its experienced management, consistent track record of operations, diversified revenue stream and moderate financial position.
RSWM has a diversified product portfolio which includes synthetic blended yarn, cotton yarn, denim and fabrics. The company markets its fabric under the brand name ‘Mayur’ in India. RSWM’s manufacturing facilities are located at Bhilwara, Banswara, Rishabdev, Ringas and Mordi, Rajasthan.
