Credit rating agency, CARE has reaffirmed ‘BBB’ rating to PBM Polytex’s long-term bank facilities worth Rs 57.47 crore which was enhanced from 56.95 crore
The rating agency has also revised ‘A3’ rating of company’s short term bank facilities worth Rs 10.50 crore which was enhanced from 9.50 crore to ‘A3+’.
The company has received the said rating on the back of its vast experience of the promoters and established track record of operations in the cotton yarn business apart from its moderate leverage.
PBM Polytex manufactures a wide range of products from Ne 24’s to Ne 80’s, both single and TFO doubled yarns from as many as 25 raw material mixes. Besides Indigenous raw cotton like DCH 32, MCU 5, Shankar 6 and MECH.
| Company Name | CMP |
|---|---|
| Trident | 26.12 |
| Filatex India | 44.94 |
| Nitin Spinners | 419.70 |
| Nahar Spinning Mills | 249.20 |
| Sanathan Textiles | 427.00 |
| View more.. | |
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