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CRISIL assigns A-/Stable rating to Orbit Exports’ Term Loan

19 Nov 2013 Evaluate

CRISIL has assigned A-/Stable rating to Orbit Exports’ Term Loan worth Rs 30.78 crore and Cash Credit worth Rs 23.50 crore.  The rating agency has also assigned A2+ rating to company’s Foreign Exchange Forward worth Rs 2.55 crore and Bank Guarantee worth Rs 1.0 crore

Includes a sub limit of export packing credit / packing credit in foreign currency/ export bill discounting of Rs 21.0 crore

Orbit Exports, a company registered under the Indian Companies Act, 1956, is a government recognized Star Export House engaged in the manufacture and export of fancy fabrics.

Peers
Company Name CMP
Vardhman Textiles 540.10
Welspun Living 222.30
Arvind 520.00
Raymond Lifestyle 570.00
K.P.R. Mill 1110.35
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