MSUMLMaharaja Shree Umaid Mills Ltd. (India)
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MSUML is mainly engaged in the manufacturing of cotton/synthetic yarn (80% of the total income in FY10) and fabrics (20%) at its manufacturing facility located in Pali, Rajasthan.
ICRA has also assigned a long term rating of "LBBB+" and a short term rating of "A2+" (pronounced A two Plus) to the Rs 45 crore bank facilities (interchangeable between cash credit, short term loan and non-fund based limits) of MSUML. ICRA has also assigned a short term rating of "A2+" to the Rs 4.5 crore non-fund based bank facilities of MSUML.
The ratings also take into account the significant improvement in financial profile of MSUML following the monetisation of part of its land reserves; expected improvement in operational profile following the shift towards alternate sources for its power requirements; cyclical upturn in textile industry and benefits of phase-I of capital expenditure programme which is nearing completion.