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Care Edge Ratings Assigned Credit Ratings to Utssav CZ Gold Jewels Limited
Mumbai (Maharashtra) [India], October 10: Utssav CZ Gold Jewels Limited (Utssav, The Company), (NSE Code: UTSSAV) one of the leading manufacturers of 18K, 20K, and 22K CZ gold jewellery, plain casting jewellery in 22K, paper casting jewellery in 22K, natural diamond jewellery, and lab-grown diamond jewellery in 18K, has been assigned credit ratings by Care [...]
Mumbai (Maharashtra) [India], October 10: Utssav CZ Gold Jewels Limited (Utssav, The Company), (NSE Code: UTSSAV) one of the leading manufacturers of 18K, 20K, and 22K CZ gold jewellery, plain casting jewellery in 22K, paper casting jewellery in 22K, natural diamond jewellery, and lab-grown diamond jewellery in 18K, has been assigned credit ratings by Care Edge Ratings for its bank facilities.
- Long Term Bank Facilities – CARE BBB; Stable (₹2 Cr)
- Short Term Bank Facilities – CARE A3+ (₹147 Cr)
The ratings reflect the company’s strong fundamentals and highlight its financial discipline and business stability. Care Edge Ratings has factored in the promoter’s extensive experience in the gold jewellery industry, the company’s strong capital structure with healthy debt coverage indicators, its growing scale of operations with moderate profitability, and an adequate liquidity profile.
