Credit rating agency, CARE has reaffirmed ‘BBB+’ rating to Shrenuj & Co’s long term bank facilities worth Rs 763 crore. The rating agency has also reaffirmed ‘A3’ ratings to company’s short term bank facilities worth Rs 235 crore .
The company has received the said rating on the back of the experience, resourcefulness and track record of the promoters in the Gems and Jewellery industry, DTC sight holder status, strong marketing network, well-diversified presence across the globe and established clientele, and consistent growth in operations.
Shrenuj & Company is engaged in manufacturing of diamond and jewelries. The company has created a diamond pipeline, integrated diamond polishing branding and retailing with focus on synergy innovation and value creation.
Company Name | CMP |
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Titan Co | 3375.00 |
Kalyan Jewell.India | 401.65 |
Rajesh Exports | 299.95 |
Sagar Diamonds | 29.00 |
Senco Gold | 899.00 |
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