Fitch rates S R Enterprise loans B-(ind)

Fitch Ratings said it assigned S R Enterprise a national long-term rating of B-(ind) with a stable outlook and assigned the companies bank loans B-(ind)/F4(ind).

Ratings reflect the proprietorship nature of the company's trading business and the fact that it is mainly involved in trading activities without any formal long-term agreements for sales and purchases, the agency said.

Ratings remain constrained by the company's low margins during fiscal 2007 to fiscal 2009, with higher reliance on working capital requirements to increase volumes, the agency noted.

SRE belongs to the Kolkata-based Sonthalia group.

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