(ADPnews) - Mar 29, 2010 - Indian credit rating agency CRISIL assigned a rating of B with a "stable" outlook to the INR 65 million (USD 1.4m/EUR 1.1m) cash credit limit of local edible oils refiner Udyog Mandir.
The rating reflects the company's weak financial risk profile, marked by high gearing, small net worth, and weak debt protection measures, and exposure to risks related to intense competition in the edible oil industry. These rating weaknesses are partially offset by its long track record in the edible oil industry.
CRISIL believes that Udyog Mandir will benefit from its established customer base over the medium-term. …
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