Credit rating agency, CARE has assigned ‘BBB-’ rating to Neha International’ long term bank facilities worth Rs 4 crore. The rating agency has also assigned 'A3' rating to company’s Short-term Bank Facilities worth Rs 30 crore. The ratings assigned to the bank facilities of Neha International factors in the moderate financial risk profile characterised by healthy growth in total operating income in FY13 (refers to the period July 1 to June 30) and comfortable capital structure. The ratings also derive strength from the long track record of the promoters in the commodity trading business.
Neha International is primarily engaged in export trading of agricultural commodities such as maize, soyabean, sunflower seeds, cashew nuts, etc. Since inception, Neha, at consolidated level, is into the floriculture space, exporting high quality roses to Europe and Middle Eastern markets in Saudi Arabia, Qatar and UAE.
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Jayasilpa Floritech | |
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