{"id":42709,"date":"2024-10-02T12:12:15","date_gmt":"2024-10-02T06:42:15","guid":{"rendered":"https:\/\/risingentrepreneurs.in\/index.php\/2024\/10\/02\/qvc-exports-limited-announces-crisil-rating-to-unveil-its-growth-in-industry-landscape\/"},"modified":"2024-10-02T12:12:15","modified_gmt":"2024-10-02T06:42:15","slug":"qvc-exports-limited-announces-crisil-rating-to-unveil-its-growth-in-industry-landscape","status":"publish","type":"post","link":"https:\/\/risingentrepreneurs.in\/index.php\/2024\/10\/02\/qvc-exports-limited-announces-crisil-rating-to-unveil-its-growth-in-industry-landscape\/","title":{"rendered":"QVC Exports Limited announces CRISIL rating to unveil its growth in industry landscape"},"content":{"rendered":"
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New Delhi [India] October 2: <\/strong>QVC Exports Limited\u00a0has been assigned with\u00a0CRISILratings to the bank facilities of the company. Looking at the performance of the Company, CRISIL has upgraded the external rating by two notches from BB- to BB+. This has been a major achievement of the organization.<\/p>\n

QVC Exports Limited emerging on SME platform has announced this in a letter highlighting its success \u00a0 \u00a0to the listing department of\u00a0National Stock Exchange of India Limited\u00a0as per the direction of\u00a0SEBI\u00a0mandating listing 0bligation and disclosure requirement. As per the guideline, the letter will remain valid till\u00a0September 04, 2025.<\/p>\n

Credit Rating Information Services of India Limited (CRISIL) is a global analytics company that provides ratings, research, and risk or policy advisory services.\u00a0CRISIL\u2019s\u00a0main function is to help investors and businesses make informed decisions about a company\u2019s creditworthiness and performance.\u00a0CRISIL\u2019s services include:<\/p>\n

\u2022\u00a0Credit ratings:<\/strong>\u00a0CRISIL\u00a0evaluates a company\u2019s creditworthiness based on its market share, reputation, and strengths.<\/p>\n

\u2022\u00a0Research:\u00a0<\/strong>CRISIL\u00a0provides research and analysis on economic, industry, and market trends.<\/p>\n

\u2022\u00a0Risk and policy advisory services:<\/strong>\u00a0CRISIL\u00a0helps businesses manage risk and raise capital.<\/p>\n

\u2022\u00a0Portfolio concentration analysis:\u00a0<\/strong>CRISIL\u00a0measures the risk that arises from over-diversification.<\/p>\n

CRISIL\u2019s\u00a0clients include governments, policy makers, and businesses in the banking, insurance, real estate, and infrastructure sectors.<\/p>\n

Mr. Nilesh Sharma, Director,\u00a0QVC Exports Limited\u00a0said,\u00a0\u201call ratings assigned by CRISIL Ratings are kept under continuous surveillance and review. As per the Rating Agreement, CRISIL Ratings would disseminate the ratings along with the outlook through its publication and other media.\u201d It will also keep the ratings along with outlook under surveillance over the life of the instrument or facility. However, total Bank Loan\u00a0facilities rated\u00a0Rs.80 crore withLong Term Rating CRISIL BB+\/Stable (Assigned) and Short-Term Rating CRISIL A4+ (Assigned)\u00a0as per bank-wise details in the Annexure 1 have been mentioned in the list.<\/p>\n

However,\u00a0CRISIL Ratings\u00a0reserves the right to withdraw, or revise the ratings, along with the outlook, at any time, on the basis of new information, or unavailability of information, or other circumstances which\u00a0CRISIL\u00a0Ratings believes may have an impact on the ratings<\/p>\n

QVC EXPORTS LTD. is a professionally managed organization and by virtue of its entrepreneurial skills, innovative strategies, highly dedicated and dynamic workforce, has emerged as one of the\u00a0leading suppliers for the steel Industry and Foundries.\u00a0It has already\u00a0achieved new avenue of growth by converting their dreams into reality with their vast experience of more than two decades.<\/p>\n

The company is the\u00a0leading producer\u00a0of Bulk Ferro Alloys like High, Medium and Low Carbon Silicon Manganese and High, Medium and Low Carbon Ferro Manganese. The manufacturing unit is at Durgapur (Industrial City) in the state of West Bengal. The manufacturing units are well versed in all aspects such as experienced staff in fields of\u00a0management,\u00a0administrative,\u00a0production,\u00a0marketing,\u00a0purchase,\u00a0finance &\u00a0accounts with latest\u00a0laboratory\u00a0equipment for total\u00a0quality\u00a0control. \u00a0It has already made its stride in different industrial segments.<\/p>\n

If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.<\/em><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

New Delhi [India] October 2: QVC Exports Limited\u00a0has been assigned with\u00a0CRISILratings to the bank facilities…<\/p>\n","protected":false},"author":2,"featured_media":42710,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[1331],"class_list":["post-42709","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/posts\/42709","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/comments?post=42709"}],"version-history":[{"count":0,"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/posts\/42709\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/media\/42710"}],"wp:attachment":[{"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/media?parent=42709"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/categories?post=42709"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/tags?post=42709"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}