Credit Analysis & Research (CARE) has assigned ‘AA’ rating to the Raymond’s Non-Convertible Debentures worth Rs 75 crore.
The company has received the said rating on the back of its experienced promoter group and management, dominant position of the company in the worsted suiting fabrics industry, diversified revenue stream supported by established brands and integration in the operations along with the widespread distribution network supplemented by asset-light retail strategy.
Raymond is largest manufacturer of steel files in the world accounting 30% of market share. The company’s textile plants are located in Thane, Vapi and Chhindwara. These plants have received various certifications such as ISO 9001 for quality management systems and ISO 14001 Environment Control Systems.
Company Name | CMP |
---|---|
Raymond | 2101.80 |
Siyaram Silk Mills | 474.20 |
Manomay Tex India | 196.00 |
Ludlow Jute &Special | 86.55 |
KG Denim | 28.20 |
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