CARE assigns ratings to bank-facilities of Mirc Electronics

Credit rating agency, CARE has assigned ratings to bank-facilities of Mirc Electronics. The rating agency has assigned ‘BBB-’ to long-term bank facilities of the company amounting Rs 145 crore while the credit rating agency has assigned ‘A3’ rating to the short-term bank facilities of the company amounting Rs 353 crore.

Mirc Electronics sells consumer durables under brand Onida and is engaged in manufacturing and marketing of LCD TV, DVD and home theatres, air conditioner, washing machine, mobile phone, microwave oven and projectors and display products.