Credit rating agency, CARE has assigned BB+ rating to long term bank facilities worth Rs 3.74 crore to NHC Foods. The rating agency has also assigned A4+ rating to short term bank facilities worth Rs 15 crore of the company.
The company has received the said rating on the back of its vast experience of the promoters in the field of spice exports, increase in the scale of operations in FY12, infusion of capital by the promoters and diversified product portfolio and client base.
NHC Foods (formerly known as Midpoint Software & Electro Systems), is a government recognized star export house. The company is active in the manufacture and export of spice products viz. Seed, Grounded and Blended.
