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CARE suspends rating assigned to Shree Ganesh Jewellery House’s bank facilities

12 Nov 2013 Evaluate

CARE has suspended the ratings assigned to bank facilities/instruments of the Shree Ganesh Jewellery House with immediate effect. Earlier, the company had inked pact with Rocks Creation of Dhaka, Bangladesh by entering into a joint venture. With this association, the company aims to manufacture gold jewellery, both plain and studded with diamonds and other precious and semi-precious stones.

Shree Ganesh Jewellery House is one of the largest manufacturers and exporters of handcrafted gold jewellery in India. Its  products include handcrafted and hallmarked gold jewellery, gold enameled jewellery and gold jewellery studded with precious stones such as diamonds, rubies, emeralds, sapphires, pearls, etc. and semi-precious stones such as garnet, cubic zirconium, etc.

Peers
Company Name CMP
Titan Co 4526.30
Kalyan Jewell.India 426.90
Rajesh Exports 125.34
Senco Gold 326.45
Thangamayil Jeweller 4205.90
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