Credit rating agency, CARE has reaffirmed ‘A1+’ rating to Ador Welding’s short term bank facilities worth Rs 14.00 crore. The rating agency has also reaffirmed ‘AA/A1+’ rating to the company’s Long-term/Short-term bank facilities worth Rs 27.50 crore
The ratings continue to derive strength from the long and established track record of the company in the welding industry, experienced promoter group and management, diversified product portfolio, low financial leverage with comfortable liquidity position and comprehensive sales and distribution network.
Ador Welding (AWL) was incorporated in 1951 with an objective to offer finest range of welding consumables and equipment. AWL has also made large investments in project engineering and manufacturing of power generators and alternators. The company has five manufacturing units situated in Chinchwad, Raipur, Chennai and Silvassa.
