{"id":42234,"date":"2025-10-11T14:44:35","date_gmt":"2025-10-11T09:14:35","guid":{"rendered":"https:\/\/dailynewsindia.co.in\/index.php\/2025\/10\/11\/care-edge-ratings-assigned-credit-ratings-to-utssav-cz-gold-jewels-limited\/"},"modified":"2025-10-11T14:44:35","modified_gmt":"2025-10-11T09:14:35","slug":"care-edge-ratings-assigned-credit-ratings-to-utssav-cz-gold-jewels-limited","status":"publish","type":"post","link":"https:\/\/dailynewsindia.co.in\/index.php\/2025\/10\/11\/care-edge-ratings-assigned-credit-ratings-to-utssav-cz-gold-jewels-limited\/","title":{"rendered":"Care Edge Ratings Assigned Credit Ratings to Utssav CZ Gold Jewels Limited"},"content":{"rendered":"<div>\n<p><strong>Mumbai (Maharashtra) [India], October 10: Utssav CZ Gold Jewels Limited (Utssav, The Company), (NSE Code: UTSSAV) <\/strong>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.<\/p>\n<ul type=\"disc\">\n<li><strong>Long Term Bank Facilities<\/strong>\u00a0\u2013 CARE BBB; Stable (\u20b92 Cr)<\/li>\n<li><strong>Short Term Bank Facilities<\/strong>\u00a0\u2013 CARE A3+ (\u20b9147 Cr)<\/li>\n<\/ul>\n<p>The ratings reflect the company\u2019s strong fundamentals and highlight its financial discipline and business stability. Care Edge Ratings has factored in the promoter\u2019s extensive experience in the gold jewellery industry, the company\u2019s strong capital structure with healthy debt coverage indicators, its growing scale of operations with moderate profitability, and an adequate liquidity profile.<\/p>\n<p>These ratings reaffirm The Company\u2019s potential for sustained growth and further strengthen stakeholder confidence in the company\u2019s market position.<\/p>\n<p>Earlier, the company\u2019s credit ratings were assigned by Infomerics Ratings. These ratings have now been withdrawn after Utssav provided the required no-objection document, which was duly acknowledged by its bankers and submitted to Infomerics on time.<\/p>\n<p>Commenting on the achievement, Mr. Pankajkumar Jagawat, Managing Director of Utssav CZ Gold Jewels Limited said, \u201cWe are pleased with the ratings assigned by Care Edge Ratings, which reflect our strong fundamentals and disciplined financial management. These ratings are an important endorsement of our efforts to consistently strengthen our financial stability, improve operational performance, and scale our business with efficiency.<\/p>\n<p>At Utssav, we remain committed to creating value through sustainable growth and operational excellence. The recognition also enhances the confidence of our banking partners and investors, and further motivates us to deliver on our long-term vision.\u201d<\/p>\n<p><em>If you object to the content of this press release, please notify us at pr.error.rectification@gmail.com. We will respond and rectify the situation within 24 hours.<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>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&#8230;<\/p>\n<p class=\"more-link-wrap\"><a href=\"https:\/\/dailynewsindia.co.in\/index.php\/2025\/10\/11\/care-edge-ratings-assigned-credit-ratings-to-utssav-cz-gold-jewels-limited\/\" class=\"more-link\">Read More<span class=\"screen-reader-text\"> &ldquo;Care Edge Ratings Assigned Credit Ratings to Utssav CZ Gold Jewels Limited&rdquo;<\/span> &raquo;<\/a><\/p>\n","protected":false},"author":1,"featured_media":42235,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[54],"class_list":["post-42234","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/posts\/42234","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/comments?post=42234"}],"version-history":[{"count":0,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/posts\/42234\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/media\/42235"}],"wp:attachment":[{"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/media?parent=42234"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/categories?post=42234"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/tags?post=42234"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}