Credit rating agency, ICRA has assigned an A- rating to Rs 22.2 crore fund based bank limits of Superhouse. The outlook on the long term rating is stable. The rating agency also has A- (stable) rating outstanding for the Rs 136.78 crore fund based limits and an A2+ rating outstanding for Rs 27.0 crore Non-Fund Based Limits of the company.
The rating takes into account the company’s experienced promoters; it’s integrated manufacturing operations which increase its cost competitiveness; stable and large customer base; diversified product profile and improved financial performance in FY2011 characterized by strong revenue growth and healthy internal accrual generation resulting in strong debt protection metrics of the company.
Superhouse is part of Superhouse Group, which is multi-unit and multi-product conglomerate with brand leadership in the field of footwear manufacturing and exports. The group is well equipped with the most modern machineries and a specialized workforce and produces all types of quality leather, leather goods and textile garments that are appreciated all over the world.
| Company Name | CMP |
|---|---|
| Bata india | 743.35 |
| Relaxo Footwears | 304.90 |
| Campus Activewear | 250.20 |
| Liberty Shoes | 263.25 |
| Mirza International | 32.60 |
| View more.. | |
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