Credit rating agency, CARE has reaffirmed ‘BBB-’ rating to Remi Elektrotechnik’s long term bank facilities worth Rs 12.20 crore which was reduced from Rs 15.71 and ‘A3’ rating to company’s Short term Bank Facilities worth Rs 47.87 crore.
The company has received the said rating on the back of its experienced promoters and long-standing track record in the manufacturing of Electrical Motors (EM) and Laboratory Instruments (LI) and diversified business operations including real estate and windmill project.
Remi Elektrotechnik (REL) is engaged in the manufacturing and selling of electric motors and laboratory instruments (LI) like stirrers, centrifuges, blood bank instruments and freezers. As on March 31, 2013, the company had an annual capacity of around 83,000 units of EM.
