CARE reaffirms ratings of Ludlow Jute & Specialities’ bank facilities

12 Dec 2014 Evaluate

Credit rating agency, CARE has reaffirmed ‘A’ rating to Ludlow Jute & Specialities’ long term bank facilities worth Rs 6.39 crore and ‘A2+’ rating to company’s Short term Bank Facilities worth Rs 30 crore. The rating agency has also reaffirmed ‘A/ A2+’ rating to company’s Long/Short term Bank Facilities worth Rs 15 crore.

The ratings continue to draw strength from the experience of the promoters of Ludlow Jute & Specialities (LJSL) with long & satisfactory track record, continuous development of innovative jute products to command a premium in the export market, government support to the sector and comfortable capital structure.

LJSL, incorporated in 1921, is engaged in manufacturing and selling of jute products, with an aggregate installed capacity of 67,500 MTPA at its unit in Howrah, West Bengal. In 1977, LJSL was taken over by the Kolkata-based Kanoria group, having major interest in chemicals, textiles and jute.

Ludlow Jute &Special Share Price

212.00 5.05 (2.44%)
04-Dec-2024 16:59 View Price Chart
Peers
Company Name CMP
Raymond 1624.65
Siyaram Silk Mills 871.65
BSL 269.75
Manomay Tex India 207.60
Ludlow Jute &Special 212.00
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