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ICRA upgrades AA rating to Shanthi Gears’ Long term banking facilities

16 Apr 2013 Evaluate

ICRA has upgraded rating of Shanthi Gears’ Long term banking facilities for a value of Rs 35 crore to AA from AA-. The rating agency has also re-affirmed A1+ rating to company’s short term banking facilities for a value of Rs15 crore.

Shanthi Gears act as consultants in the field of engineering design, advisors and purveyors of technical know-how and applied technology, solution providers and business process outsourcers in the field of engineering design and drawing, software programming etc.

Peers
Company Name CMP
SamvardhanaMotherson 164.00
Tube Investments 2650.00
Bosch 48602.60
UNO Minda 1223.50
Bombay Burmah Trdg. 1436.50
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