The Company does not have any long term debt instruments or any fixed deposit program or any scheme or proposal involving mobilization of funds in India or abroad. Hence no credit rating is obtained in relation to the same. However due to the working capital facilities that the Company utilizes from its bankers a general credit rating is required to be obtained by the Company.
Accordingly the credit rating as received by the Company from Credit Rating Agency for Long term / short term bank facilities as of March 31 2019 was CARE AA STABLE / CARE A1+ [Double A; Outlook: Stable/ A One Plus] which has recently been changed to CARE AA-; Stable / CARE Al+ [Double A Minus; Outlook: Stable! A One Plus].
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