CARE reaffirms ratings of Aishwarya Technologies & Telecom’s bank facilities

Credit rating agency, CARE has reaffirmed ‘B-’ rating to Aishwarya Technologies & Telecom’s long term bank facilities worth Rs 7.11 crore and ‘A4’ rating to company’s short term bank facilities worth Rs 4.50 crore. The rating agency has also reaffirmed ‘B-/ A4’ rating to company’s Long/Short term bank facilities worth Rs 6 crore.

The ratings assigned to the bank facilities of Aishwarya Technologies and Telecom (ATTL) continue to be constrained by relatively small scale of operation, elongated operating cycle days primarily due to delayed realisation from telecom clients and continued net loss during FY15 (refers to the period April 01 to March 31). However, the ratings are underpinned by the satisfactory experience of the promoters in the telecom equipment industry, in-house research & development facility, exclusive distributorship with suppliers and low debt level.

ATTL is a ISO 9001:2008 certified company, which manufactures testing & measuring equipments like fiber, data and copper cable fault locators for telephone service providers, defense sector, cable TV operators and railways.