Credit rating agency, CARE has revised BBB+ rating of Rs 23 crore long term bank facilities of Yuken India to BBB. The rating agency has also revised rating of short term bank facilities of Rs 5 crore of the company to A3 from A3+.
The revision in the ratings factor in the subdued performance of Yuken India (YIL) during 9MFY13, referring to the period April 01 to December 31 and slowdown in the end user market of the company’s hydraulic equipment business.
The company manufactures wide range of hydraulic equipments such as vane pumps, piston pumps, pressure controls, flow controls, directional valves, modular valves, electro proportional valves, gear pumps, accumulators, cylinders and hydraulic power units.
Company Name | CMP |
---|---|
BHEL | 282.65 |
Bharat Electronics | 227.25 |
Thermax | 4737.20 |
Kirloskar Oil Eng | 1135.00 |
Praj Industries | 499.75 |
View more.. |