J. B. Chemicals and Pharmaceuticals Ltd.
15 Dec 1999
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Commercial paper programme - Rs. 15 crore Rating : P1+
Cerisil has assigned a 'P1+' rating to the Rs.15-crore. commercial paper programme of J.B. Chemicals and Pharmaceuticals Ltd.
The rating reflects the company''s favourable financial position and steady cash flows on account of its strong brands in targeted therapeutic segments of the domestic formulation market. These factors offset its relatively small therapeutic coverage and the lower levels of exports compared to the past after the currency crisis in Russia in 1998-99.
In the first half ended September 1999, the company registered a net profit of Rs 10.15 crore on gross sales of Rs 82.79 crore.