CARE assigns ratings to Valson Industries’ bank facilities

05 Sep 2013

Credit rating agency, CARE has assigned ‘BB+’ rating to Valson Industries’ Long-term bank facilities worth Rs 13.55 crore. The rating agency has also assigned ‘BB +/ A4+’ rating to the company’s Long/Short-term Bank Facilities worth Rs 1.75 crore. 

The company has received the said ratings on the back of its modest scale of operations, decline in operating profitability and moderate debt coverage indicators. The ratings are further constrained by VIL’s profitability margins being exposed to volatility in raw material prices and its presence in a fragmented industry leading to low pricing power.

Valson Industries Limited (VIL) is a flagship company of the Mutreja Group, is primarily engaged in the manufacturing and dyeing of polyester yarn & dyeing of cotton yarns. VIL has also backward integrated into texturising and twisting. Over the years, VIL has established and expanded its polyester texturised yarn (PTY), twisted yarn and dyeing capacities.

Related Valson Industries Ltd. Links:

Valson Industries Share Price

18.03 1.97 (12.27%) Apr 19, 10:49
1 Year Price Chart
Peers
Company Name CMP
Trident 13.56
Filatex India 69.80
Sutlej Textiles&Inds 38.00
Nahar Spinning Mills 96.00
Nahar Ind.Enterprise 40.20
View more..
Sensex vs Valson Industries
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

Callback