CARE reaffirms ‘BB’ rating to the long-term bank facilities of Vaibhav Gems

Credit rating agency, CARE has reaffirmed the assigned ‘BB’ rating to the long-term bank facilities of Vaibhav Gems for an amount worth Rs 152.34 crore. The agency has also reaffirmed the assigned ‘A4’ rating to the short-term bank facilities of the company worth Rs 20.00 crore.

Vaibhav Gems is engaged in manufacturing of studded (both diamonds and colour stones) yellow as well as white gold jewelry items viz. Rings, Earrings, Pendants and Bracelets, etc out of divine passion with a touch of Indian tradition. It has made heavy investments in designing and new products developments.