Credit rating agency, CARE has assigned ‘BBB+’ rating to Adi Finechem’s Long-term bank facilities worth Rs 34.06 crore. The rating agency has also assigned ‘A2’ rating to the company’s Short-term bank facilities worth Rs 50 lakh. The company has received the ratings on the back of its experience promoters, its long-standing operational track record in the manufacturing of niche product having diverse industry applications, reputed clientele and steady growth in the total operating income along with its favorable capital structure and comfortable liquidity.
Adi Finechem is engaged in the manufacturing of specialty chemicals like Mixed Tocopherol Concentrate, Sterols, Dimer Acid and Linoleic Acid which find application in various industries like neutraceuticals, paints, printing ink, detergents, adhesives, etc
