CRISIL upgrades ratings of Bafna Pharmaceuticals’ bank facilities

Bafna Pharmaceuticals Ltd. | Pharmaceuticals & Drugs | Healthcare | BSE: 532989 | NSE: BAFNAPH

19 Nov 2014 Evaluate

Credit rating agency, CRISIL has upgraded rating of Bafna Pharmaceuticals’ long term bank facilities to ‘BB-’ from ‘D’. The rating agency has also upgraded rating of the company’s short term bank facilities to ‘A4+’ from ‘D’.

Bafna Pharmaceutical is a Chennai-based Pharma company engaged in the manufacturing of pharmaceutical formulations of Betalactum and Non-Betalactum. The company has 173 products registered in UK, Sri Lanka, Nepal, Ukraine, Ghana, Ethiopia, Philippines, Kryghistan, Georgia, Honduras, Colombia, Uzbekhistan, Vietnam and Nigeria.

Peers

Company Name	CMP
Sun Pharma. Inds.	1854.85
Dr. Reddys Labs.	1200.70
Cipla	1409.40
Lupin	2090.55
Zydus Lifesciences	1192.50
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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045

Compliance Officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com	Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com	Telephone: +919860919463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
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Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.