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.
Brief Financial Performance of Magnum Pigment & Polymers Private Limited
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.
About SMERA
SMERA started as a Credit Rating Agency for the Micro, Small and Medium Enterprise sector in India, however its registration with Securities and Exchange Board of India( SEBI) as a 6th Credit Rating Agency, has paved way for SMERA to rate the capital market instruments, such as: IPO, Bonds, Security receipts, amongst others to large corporate sector.
SMERA is Mumbai-based rating agency, incorporated in August 2005 and promoted by SIDBI, Dun & Bradstreet and other leading banks in the country.