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SMERA Assigns 15,000th SME Credit Rating.

Mumbai, March 29 -- SME Rating Agency of India Ltd (SMERA) has assigned its 15,000th SME Credit Rating to M/s Magnum Pigments & Polymers Pvt Ltd. The Credit Rating assigned to M/s Magnum Pigments & Polymers Pvt Ltd is " MSME 1 ", which is highest safety Credit Rating assigned to a MSME .

On this occasion, Mr. Parag Patki, CEO, SMERA, expressed his happiness on crossing a landmark of 15,000th Credit Rating by SMERA, under the non-Basel category. He lauded M/s Magnum Pigments & Polymers Pvt Ltd.'s endeavour in embracing the rigor of credit rating for over 5 years in a row and utilising credit ratings as a mirror for units' consistent improvement. He appreciated the awardee units' desire to excel consistently in performance, even during recession.

M/s Magnum Pigment & Polymers Pvt Ltd is a Mumbai based unit & is led by Mr. B S Rai who has a degree in Electrical Engineering & Diploma in Management with more than two decades of experience in similar line of business. M/s Magnum Pigments & Polymers Private Limited incepted in the year 1991, is a manufacturer, exporter and importer of quality range of Pigment Emulsion, Specialty Chemicals, Construction Chemicals and Synthetic Resins. The company serves various industries such as: Printing Textile, Construction Petroleum Paint Industry.

SMERA has been rating M/s Magnum Pigments & Polymers Pvt Ltd since 2005 & the units' rating has exhibited consistent improvement from "Average (MSME 4) in FY 2005-06 to Highest Category (MSME 1) ratings" in FY 2011-12.

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Publication:India PRwire
Date:Mar 29, 2012
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