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

2.95 0.00 (0.00%) Sep 18, 18:01
1 Year Price Chart
Peers
Company Name CMP
JBF Industries 7.65
Indo Rama Synth 22.00
Banswara Syntex 68.40
Ganesha Ecosphere 251.60
Pasupati Acrylon 9.74
View more..
Sensex vs Shree Rajasthan Syn.
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

Callback