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Ind-Ra assigns ‘BBB+’ to Omax Autos’ Long-Term Issue

06 Jan 2014 Evaluate

India Ratings & Research (Ind-Ra) has assigned 'BBB+’ rating to Omax Autos’ (Omax) Long-Term Issue. The Outlook is Stable. The ratings reflect Omax’s well-established market position in the auto ancillary industry with a track record of more than three decades, and also its large size and presence in the high-value technology-oriented products segment.

Omax Autos manufactures sheet metal components, precision machined components, tubular metal components and sprockets for supply to domestic automotive OEMs and tier-1 auto component manufacturers in Europe and the United States.

Peers
Company Name CMP
SamvardhanaMotherson 165.60
Tube Investments 2519.15
Bosch 48100.00
UNO Minda 1218.00
Bombay Burmah Trdg. 1435.30
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