Case studies are about real life situations. They involve an in-depth observation of a "case" such as an event, process or person. Relate the case with the theories being taught in the class and if possible give some suggestions or solutions. The task is to examine the case given in the class and provide answers to the following:

a) Discuss the relevance and framework of credit quality analysis for a target company. (3marks)

b) Estimate the various financial credit ratios for the company "Pidilite" using publicly available audited financial statements. (6 marks)