Our Impactful Delivery in the Manmade Fibers Industry
About Company:
Based in West Bengal, the company is engaged in the manufacturing of jute and jute-based products. Leveraging the region’s rich jute cultivation, the company supplies to both domestic and international markets.
Impact:
As a result of our intervention, the company secured a one-notch upgrade from BB+ to BBB- (investment grade). This led to a 200-300 bps reduction in borrowing costs, improving financial flexibility and enhancing growth prospects.
Problem:
Despite its operational strengths, the company struggled to secure an upgrade from its non-investment-grade rating of BB+. The primary challenge was its relatively short track record under the new promoters.
Solution:
Finmen Advisors made a compelling case to the rating agency by showcasing the new promoters’ strategic value and industry expertise. We highlighted their turnaround success, demonstrating swift financial and operational improvements. Additionally, we emphasized positive sectoral trends, including government support for jute, rising demand for eco-friendly packaging, and improved pricing dynamics—factors expected to enhance profitability. A detailed peer benchmarking analysis further reinforced the company’s competitive positioning.
FinMen Advisors – India’s Largest Credit Rating & Leading IPO Advisors.
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