Credit rating agency, ICRA has assigned ‘BB+’ rating for Long Term & ‘A4+’ for Short Term bank limits /Line of Credit of Zenith Exports for Rs 85 crore. The outlook on the Long Term rating is stable. The credit rating agency has also enhanced rated bank limits from Rs 85 crore to Rs 94 crore. The aforesaid rating is valid till October 31, 2014.
Zenith Exports operates three divisions namely silk division, spinning division, leather division and leasing finance. It has manufacturing facilities are located Kolkatta, Bhagalpur, Bangalore and Mysore.
