MoneyWorks4Me

Modern Dairies’ receives ‘B’ rating for long term bank facilities from CARE

12 Dec 2012 Evaluate

Credit rating agency, CARE has assigned ‘B’ rating to Modern Dairies’ long term bank facilities worth Rs 161.47 crore. The company has received the said rating on the back of its experienced promoter and established procurement and marketing arrangements.

The company is involved in production of liquid milk (41% of net sales in FY12), ghee (26% of net sales in FY12), skimmed milk powder (SMP) (15% of net sales in FY12) and other various milk protein products.

 

Peers
Company Name CMP
Nestle India 1254.00
Varun Beverages 419.80
Britannia Industries 4705.00
LT Foods 406.30
Hatsun Agro Product 1143.95
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