Infomerics Ratings seeks to continuously improve its ratings criteria and methodologies, and periodically updates the descriptions on this web site of its criteria and methodologies for securities of a given type. All published criteria reports, available on its website, are reviewed and approved prior to use by a Review Committee at least once in three years and proposals to amend criteria between reviews are required to be approved by Committee. Infomerics rating criteria for non-financial sectors Growth ratios like growth in revenue, profit after tax and earning before tax Profitability ratios comprises EBIDTA Margin, PAT Margin, ROCE etc. Leverage and coverage ratios Liquidity ratios i.e. current and quick ratio Turnover ratios The primary focus of the rating exercise is to assess future cash generation capability of the company and its adequacy to meet debt obligations, even in adverse conditions. Rating determination is a matter of experienced and holistic judgment, based on