CARE grants ‘A-’ rating to Grauer & Weil India’s long term bank facilities

Credit Analysis & Research (CARE) has granted new rating ‘A-’ to Grauer & Weil India’s long term bank facilities. The rating agency also assigned ‘A2+’ rating to the short term facilities granted to the company by various banks, financial institutions etc.

Net profit of Grauer & Weil India rose 81.84% to Rs 7.11 crore in the quarter ended September 2011 as against Rs 3.91 crore during the previous quarter ended September 2010. Sales rose 16.07% to Rs 89.42 crore in the quarter ended September 2011 as against Rs 77.04 crore during the previous quarter ended September 2010.

Grauer & Weil (India) is one of the very few metal finishing houses the world over, capable of offering an integrated package of chemicals, plants, effluent treatment systems and waste recovery techniques from spent solutions - Truly a One-Stop-Shop for end-to-end solutions.