ICRA reaffirms ratings assigned to bank facilities of India Motor Parts & Accessories

Credit rating agency, ICRA has re-affirmed ‘AA/Stable’ rating assigned to Cash Credit Limit & Bank Guarantee of India Motor Parts & Accessories amounting Rs 20.25 crore. The credit rating agency has also reaffirmed ‘A1+’ rating assigned to Letter of Credit - as a sub-limit of CC of the company amounting Rs 10 crore. India Motor Parts & Accessories (IMPAL) is engaged in the distribution of automobile spare parts and accessories through its 50+ branch network representing over 50 manufacturers. IMPAL is one of the few all India distributors of motor parts and deals in engine group components, brake systems, fasteners, radiators, suspensions, axles, auto electricals, wheels, steering linkages, instrument clusters etc.