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CARE retains fundamental grade of ‘4/5’ to Asahi Songwon Colors

16 Jan 2014 Evaluate

Credit rating agency, CARE Equity Research has retained ‘4/5’ on fundamental grade to Asahi Songwon Colors (ASCL). The credit rating agency has also assigned valuation grade of ‘5/5’, indicating that equity shares of ASCL have ‘Considerable Upside Potential’.

Asahi Songwon initially established manufacturing facility for pigment green 7 with a capacity of 600 MT. Then, after getting good international market, the capacity has been increased to 1200 mt/annum.

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