CARE reaffirms ratings of Shree Rajasthan’s bank facilities

07 Aug 2013

Credit rating agency, CARE has reaffirmed ‘BB’ rating to Shree Rajasthan Syntex’s long-term bank facilities worth Rs 149.89 crore. The rating agency has also reaffirmed ‘A4’ rating to the company’s short-term bank facilities worth Rs 22.72 crore. The company has received the said rating on the back of its modest debt protection indicators, high leverage and working capital intensive operations.

Shree Rajasthan Syntex (SRSL) is engaged in the production of synthetic-blended and cotton yarn. The company manufactures yarn in the range of 18-30 counts (averaging around 25 counts). SRSL currently has 67,584 spindles for synthetic-blended yarn and 14,520 spindles for cotton yarn. Its manufacturing facilities for synthetic blended and cotton yarn are located at Dungarpur (Rajasthan).

Related Shree Rajasthan Syntex Ltd. Links:

Shree Rajasthan Syn. Share Price

3.70 0.00 (0.00%) Jan 25, 18:59
1 Year Price Chart
Company Name CMP
JBF Industries 19.74
Indo Rama Synth 38.65
Banswara Syntex 92.85
Ganesha Ecosphere 537.35
Pasupati Acrylon 13.09
View more..
Sensex vs Shree Rajasthan Syn.
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323