Care reaffirms rating of Mandhana Industries’ bank facilities

04 Jul 2013

Credit rating agency, CARE has reaffirmed ‘A’ rating to Mandhana Industries’ long-term fund-based bank facilities worth Rs 411 crore. The rating agency has also reaffirmed ‘A1’ rating to the company’s short-term non-fund based bank facilities worth Rs 100 crore.

The company has received the said rating affirmation on the back of its experienced promoters, the company’s partially-integrated operations, the gradual shift in its product mix towards high-margin garment business, its established marketing set-up with a strong clientele and an in-house product design and development team.

The company is engaged into the business of fabric processing and garmenting. As at the end of March 31, 2013, the company had the capacity to produce 36 million meters of grey fabric per annum, processing capacity of 51.60 million meters per annum, garmenting capacity of 5 million pieces per annum and a yarn dyeing capacity of 3,000 MT per annum.

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