Myk arment private limited

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Myk arment private limited

Together with the customer, we want to make sure that every interaction is a step in our journey towards excellence. Our service is backed by our strong relationships with architects, contractors, specifiers, building materials suppliers and concrete producers who offer high quality products and industry leading technical support. We earn credibility by encouraging open communication and taking responsibility for our actions. If we are honest with our customers, they will trust us and be honest with us. We strive to do the right thing by conducting ourselves with integrity at all times. We deliver on our promises, remain fair and ethical in every situation and treat our colleagues and customers with respect. We consistently find new ways to solve problems, share knowledge and encourage others to challenge our thinking. We show pride in our brand and our company and inspires others to do the same. We are always willing to go the extra mile for customers and employees. The client constructed Cement plant at Boyireddi palli in Andhra Pradesh. Toggle navigation.

The client constructed Cement plant at Boyireddi palli in Andhra Pradesh.

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Detailed Rationale. The outlook revision reflects the significant decline in both revenue and profitability during fiscal year-on-year , with further weakening expected in fiscal due to the slowdown in demand following Covid This would also impact cash accrual, which is likely to be negative in fiscal after having declined to Rs 1. Reduced cash accrual would affect financial risk profile, particularly liquidity. However, this will be partly supported by cushion in bank limit in the absence of significant debt obligation. The ratings continue to reflect the established market position in the construction chemicals industry and above-average financial risk profile marked by low reliance on external borrowings. These strengths are partially offset by modest scale of operations amidst exposure to risks stemming from slowdown in end user segment and volatile raw material prices and large working capital requirement. Strengths :. The company benefits from the longstanding presence of its promoters nearly two decades in the construction chemicals industry.

Myk arment private limited

Detailed Rationale. The upgrade reflects significant improvement in MYKA credit risk profile supported by healthy revenue growth and improvement in operating margin. The resultant larger accretions have strengthened the financial risk profile over the period as evidenced by expected total outside liabilities to adj. Though debt funded capex of around Rs Sustenance of performance and timely completion of the capex within the stipulated time and cost will be the key monitorable. The rating continues to reflect the established market position of MYKA in the construction chemicals industry and its moderate financial risk profile. These strengths are partially offset by the large working capital requirem ent, susceptibility to fluctuation in raw material prices and vulnerability to slowdown in the end user segment and volatility in raw material prices. Liquidity : Adequate. Expected cash accrual of Rs. Outlook : Stable.

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