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CRISIL reaffirms rating of Satguru Agro’s bank facilities at BB-/Stable

26 Aug 2013 Evaluate

Credit rating agency, CRISIL has reaffirmed rating of Satguru Agro Industries’ long term bank facilities worth Rs 11.65 crore at BB-/Stable. The rating continues to reflect the extensive industry experience of the company’s promoters. The rating strength is partially offset by the company’s susceptibility to volatility in raw material prices and to changes in government regulations.

Promoted in 1991 by the Khaitan family, Satguru Agro Industries was acquired in 2004 by the current management, comprising the Kalavadia, Zalawadia, Padodara, and Changela families. The company manufactures soya bean oil and soya de-oiled cakes.

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