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CARE reaffirms ratings of International Conveyors’ bank facilities

10 Dec 2013 Evaluate

Credit rating agency, CARE has reaffirmed ‘A-’ rating to International Conveyors’ long term bank facilities worth Rs 31.80 crore and ‘A-/ A2+’ rating to company’s Long/Short term Bank Facilities worth Rs 35 crore. The rating agency has also assigned ‘A2+’ rating to the company’s short term bank facilities worth Rs 1.7 crore.

The company has received the said rating on the back of its experience promoters, operation in a niche segment with a few competitors in the domestic market, focus on high value product mix, healthy order book position along with impressive client portfolio, satisfactory financial performance and favorable industry outlook.

International Conveyors is engaged in manufacturing and marketing of solid woven fabric reinforced PVC impregnated and PVC covered fire retardant, anti static conveyor belting.

International Convey Share Price

76.86 -0.29 (-0.38%)
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