CARE reaffirms ratings of Vippy Spinpro’s bank facilities

27 Jan 2014

Credit rating agency, CARE has reaffirmed ‘BBB’ rating to Vippy Spinpro’s Long-term bank facilities worth Rs 7.66 crore which was reduced from Rs 9.66 crore. The rating agency has also reaffirmed ‘BBB/A3+’ rating to the company’s Long-term/Short-term bank facilities worth Rs 27.50 crore

The ratings assigned to the bank facilities of the company continue to derive strength from the rich experience of the promoters in the manufacturing and marketing of cotton yarn, established track record of operations and moderate capital structure and debt coverage indicators

Vippy Spinpro (VSL) is a public limited company promoted by the Mutha family based in Ujjain. VSL manufactures open-ended cotton yarn through rotor spinning technology at its facility located in Dewas near Indore, Madhya Pradesh (MP).

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Vippy Spinpro Share Price

35.00 -0.40 (-1.13%) Nov 13, 18:51
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Peers
Company Name CMP
Arvind 50.45
PDS Multinational 326.10
Vardhman Textiles 880.45
Welspun India 54.05
Alok Inds 2.02
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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