Utssav CZ Gold Jewels Boosted by Care Edge Ratings
Utssav CZ Gold Jewels Limited has received a boost in confidence with new credit ratings from Care Credit Ratings. The ratings reflect the company's robust fundamentals and strong market position, further solidifying stakeholder trust.
Care Credit Ratings has assigned Long Term Bank Facilities a CARE BBB rating with a stable outlook, indicating ₹2 Cr worth of facilities. This reflects the company's strong financial discipline and business stability.
The ratings also consider the promoter's extensive experience in the gold jewellery industry, a strong capital structure with healthy debt coverage, growing scale of operations with moderate profitability, and an adequate liquidity profile. The company's short term bank facilities have been rated CARE A3+ for ₹147 Cr. Notably, these ratings replace those previously assigned by Infomerics Ratings, which have since been withdrawn.
Utssav CZ Gold Jewels Limited's new credit ratings from Care Credit Ratings underscore the company's potential for sustained growth and reinforce stakeholder confidence in its market position. These ratings, based on the company's strong fundamentals and financial discipline, signal a positive outlook for the gold jewellery retailer.
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