Tribhovandas Bhimji Zaveri Ltd.

Credit rating agency, CRISIL has reaffirmed its rating on the long term bank facilities of Tribhovandas Bhimji Zaveri (TBZ) at (BBB+/ Stable). The rating continues to reflect the company’s established market position with a strong, brand, experienced management, and moderate financial risk profile marketed by healthy net worth. These strengths are partially offset by TBZ’s exposure to intense competition in jewellery industry and large working capital requirements to fund its inventories.

Tribhovandas Bhimji Zaveri is a well known jewellery retailer in India and is primarily engaged in selling gold and diamond-studded jewellery.