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CARE assigns ‘BBB-’ and 'A3' ratings to Stylam Industries’ bank facilities

02 May 2013 Evaluate

Credit rating agency, CARE has assigned ‘BBB-’ rating to Stylam Industries’ Long-term bank facilities worth Rs 62.64 crore. The rating agency has assigned ‘A3’ rating to the company’s Short-term bank facilities worth Rs 23.10 crore.

The company has received the said ratings on the back of its experienced promoters, long track record of operations and established position of the company in the laminate export market and moderate financial risk profile marked by consistent growth in total operating income and moderate coverage ratios.

Stylam Industries is engaged in the manufacturing of decorative laminates under the brand name “STYLAM” and exports its products primarily to European and South East Asian countries. The products of the company find application in furniture and real estate industry. Stylam has its manufacturing unit in Panchkula, Haryana, having a capacity of 4,800,000 sheets p.a. as on March 31, 2012.

Stylam Industries Share Price

2244.15 2.50 (0.11%)
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