BMJCBryn Mawr Japanese Church (Bryn Mawr, PA)
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9 June 2010 - India's ICRA said it assigned an A4 rating to the INR90m (USD1.9m/EUR1.6m) short-term non-fund-based facilities of local Bhavarlal Mangilal Jain & Company (BMJC).
The agency also gave an LBB rating to the INR30m long-term fund-based facilities of BMJC.
The rating reflects BMJC's modest scale of operations and stretched financial profile characterised by thin profit margins, high working capital intensity and leveraged capital structure arising from high working capital borrowings.