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04-Oct2012

LA Opala RG gets 'A-' rating from CARE for bank facilities

Rating agency, CARE has assigned 'A-' rating to Rs 47.98 crore long term bank facilities of LA Opala RG. The rating agency has also assigned 'A2+' rating to the company's Rs 3.80 crore short term bank facilities.

The company has received the said rating on the back of its long track record, experienced promoters, strong brand name, in house R&D unit, wide product range, established selling and marketing arrangements, successful completion of the expansion project, satisfactory financials with low gearing and favourable industry outlook.

La Opala RG, promoted by the Jhunjhunwala family of Kolkata is engaged in the manufacturing and sale of glassware and tableware in India and abroad.


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