(ADPnews) - Jan 17, 2011 - Indian rating agency CRISIL on Friday reaffirmed its B+/"stable" rating assigned to an open cash credit/packing credit of Mittapalli Audinarayana Enterprises Pvt Ltd.
The agency issued the following press release:
Rs.300 Million Open Cash Credit/Packing Credit B+/Stable (Reaffirmed)
The facility is with Andhra Bank
CRISIL rating on the bank facilities of Mittapalli Audinarayana Enterprises Pvt Ltd (Mittapalli) continues to reflect weak financial risk profile, marked by low net worth and weak debt protection measures, and working capital intensive nature of operations. These weaknesses are partially offset by the benefits …
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