Emkay Taps and Cutting Tools rated BBB+ and A2 on debt instruments/ bank facilities by CRISIL.

Company : Felix Industries Limited

Emkay Taps and Cutting Tools Limited received reviews on debt instruments/ bank facilities from CRISIL on 14 September 2019.

Reportedly, total bank loan facilities of the company that has been rated amounts to Rs.11 Crore. CRISIL offered its revised outlook from positive and reaffirmed rating to BBB+/ stable for long term bank facilities of Emkay Taps and Cutting Tools Limited.

For short term debt instruments/bank facilities of the company, CRISIL rated A2 which has been downgraded from CRISIL A2+.

ETCTL was set up in 1976 as a proprietorship firm and reconstituted as a private limited company in 1995 and a public limited company in 2015. It is listed on NSE-Emerge.

Emkay Taps and Cutting Tools Limited manufactures high-speed steel threading taps and cutting tools. The company also owns and operates wind-mills in Rajasthan and Karnataka.

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