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CARE reaffirms ratings to Farmax India’s Bank Facilities

09 Oct 2013 Evaluate

Credit rating agency, CARE has reaffirmed D rating to Farmax India’s Long-term Bank Facilities worth Rs 108.49 crore and D rating to Short-term Bank Facilities worth Rs 2.00 crore. The ratings continue to take into account the delays in servicing of debt obligations.

Farmax India is engaged in the business of manufacturing and marketing of fast moving consumer goods. It has a manufacturing facility with advanced technology imported (machinery is one of the highly sophisticated in that category and was imported from Italian food Major) and indigenous automated machines to meet quality consistency and  market demand with minimum manufacturing cost resulting affordable finished product cost with consisted quality.

Peers
Company Name CMP
Varun Beverages 432.60
Nestle 1249.00
Britannia Inds 5558.95
LT Foods 410.20
Hatsun Agro Product 922.45
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