News
| It is a great pleasure to inform that our Company has been awarded an NSIC-CRISIL Rating of "SE 2A"
which indicates "High Performance Capability and High Financial Strength". Copy of Certificate awarded to our Company is enclosed herewith. Excerpts about "CRISIL Ratings" received from CRISIL, along with the above Certificate, are reproduced below for your kind information : "CRISIL is India's first and largest rating agency having begun ratings for large companies as early as 1987. Entities with high ratings usually have a strong organizational structure, where the second tier management is well defined and comprises experienced professionals. " "Decision making is decentralized and the management is able to operate well in the absence of promoters. The degree of transparency and disclosure is above average and the quality of internal controls and systems are strong". "CRISIL evaluates the degree of certainty and stability of the money generated by the business. The stability of cash flows is dependent on the strength of the business and the quality of the management of the business. Hence, SMEs that get good ratings usually have strong businesses that generate strong and stable cash flows, which can be used to comfortably repay the borrowings required for business growth". |
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