VIP Clothing Limited
Incorporated in 1991, VIP Clothing Ltdis a manufacturer, marketer, and distributorof Men’s and Women’s inner wear and socks
What VIP files
- Others65
- Updates19
- Important12
- Board Meeting11
- PPTs9
- Credit Ratings3
India Ratings and Research (Ind-Ra) has upgraded VIP Clothing Limited's bank loan facilities. The long-term rating is now 'IND BBB-' with a Stable Outlook, upgraded from 'IND BB+'. The short-term rating improved to 'IND A3' from 'IND A4+'. The total rated facilities amount to ₹105 Cr.
India Ratings & Research has upgraded VIP Clothing's long-term bank loan facilities to 'IND BBB-/Stable' from 'IND BB+', and short-term facilities to 'IND A3' from 'IND A4+'. This upgrade covers bank loans totaling ₹105 Cr. The Stable outlook reflects the company's improved creditworthiness.
VIP Clothing Ltd. reported strong financial performance, reflecting its strategic focus on operational efficiency and market expansion. Consolidated revenues saw significant growth, driven by increased demand and operational improvements, although specific figures are not detailed. The net profit was reported at INR 33 crore, which represents a year-over-year increase of...