Credit rating agency, CARE has reaffirmed BBB+ rating assigned to Rs 94.24 crore long term bank facilities of Vivimed Labs. The rating agency has also reaffirmed PR2+ rating assigned to Rs 26 crore short term bank facilities of the company.
The ratings continue to draw strength from the company’s track record in the business of active ingredients for the home and personal care industry, reputed customer base, contract research and manufacturing, specialty pharmaceuticals, adequate profitability and diversification of products/segments.
Vivimed Labs is engaged in the business of manufacturing ingredients for the home and personal care (H&PC) industry and Contract Research and Manufacturing Services (CRAMS). It carries on its business from 4 manufacturing facilities which are located at Bidar (Karnataka), Jeedimetla (Hyderabad), Bonthapally (Hyderabad) and Kashipur (Uttaranchal).
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