Company Background:
Engaged in manufacturing across seven verticals: mild sheets, galvanized pipes, transmission & telecom towers, poles, crash barriers, PVC, and HDPE pipes.
Problem:
Despite experiencing substantial operational growth, rating remained stagnant at A- since 2018, attributed to moderate margins and interest coverage.
Solution:
Appealed for an upgrade to A rating, underscoring improved scale. Emphasized on EBITDA per metric tonne to support profitability concerns. Highlighting robust liquidity position also support our case.
Impact:
After nearly 5 years, the company achieved an A rating, resulting in enhanced bidding power for tenders and contracts. Moreover, they secured improved terms for working capital and non-fund-based limits from banks.
