However, the company's ratings are constrained by the high degree of customer concentration and lengthening of working capital cycle due to longer receivables period in EID. The company derives more than 90% of its auto division revenues from Hero Honda Motors Limited (HHML), and 45% of revenues in EID from Bharat Heavy Electrical Limited (BHEL) and National Thermal power Corporation (NTPC). These divisions contributed 57% and 43% of the company's total revenues in FY09. Fitch notes that UML ...
Premium Content (PAID Subscription Required)
"TEXT-Fitch afms UML bank loans at 'A-(ind)'/'F1(ind)' = 2" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.