Technocraft Industries India Ltd has informed BSE that CRISIL has assigned its ratings of
‘A+/Stable/P1+’ to the various bank facilities of Technocraft Industries (India) Ltd (Technocraft). The ratings reflect Technocraft’s strong market position in the international drum closure and scaffolding market The Company’s business risk profile is supported by long standing relationship with major drum makers for the Chemical and lubrication oil Industry. The ratings, also derive comfort from the favorable financial profile marked by low debt, strong accruals and healthy debt protection measures.

CRISIL has combined the financials of Technocraft Industries with its subsidiaries for arriving at the ratings; this is because they are under a common management and have business interlinkages.