Credit rating agency, CARE has assigned ‘BBB’ rating to the JVL Agro Industries’ long term bank facilities worth Rs 311.80 crore. The rating agency has also assigned ‘A3’ rating to the company’s short term bank facilities worth Rs 2,085.65 crore.
The company has received the said rating on the back of its promoters’ experience, growing revenue base supported by wide distribution network and significant presence of the company’s brand in Bihar and UP, satisfactory plant location, moderate capital structure and stable outlook of the edible oil industry with huge demand-supply gap.
JVL Agro Industries is engaged in the production and trading of hydrogenated vegetable oil (vanaspati) and refined oil in India. The company’s products include saturated fats, refined palmolein and soybean oil, kachi ghani mustard oil, and de-oiled cake.
