Ketan Construction Limited

KETAN CONSTRUCTION LIMITED Short-term bank loans / facilities Long-term bank loans / facilities PR 3 CARE BBB Ratings CARE has assigned CARE BBB (Triple B) judge to long-term bank facilities and PR3 (PR Three) rating to short-term bank facilities of Ketan winding Limited (KCL) for an aggregate amount of Rs.174.81 crore, including outstanding working detonating device demand loan as on May 15, 2009 of Rs.11.81 crore, canonical gillyflower based working capital limits of Rs.23.00 crore and sanctioned non fund based working capital limits of Rs.140 crore. Facilities with CARE BBB rating are considered to offer conduct safety for timely servicing of debt obligations. such facilities carry moderate credit essay. Facilities with PR3 rating would have moderate capacity for timely payment of short-term debt obligations and carry high credit risk as compared to instruments rated higher. Ratings take into account found track record of KCL in the construction sector with earnest presence in irrigation segment, presence of price escalation clause in majority of projects in order book which protect margins to a certain extent and good order book purview with sector & geographical diversity.

Ratings are constrained by appreciation in execution of some of projects resulting in low faculty & modest growth in revenue, moderate financial risk profile and fragmented nature of industry with many players competing for radix and urban development projects. Improvement in efficiency and reportage ratios with timely execution of orders are the key rating sensitivity. Maintaining present-day(prenominal) financial flexibility and growth in income would also be crucial. Background Founded in 1981& incorporated in 1999, KCL is a about held public limited company promoted by Barad family. Shri Vijay Barad (Chairman& Managing Director) and Shri Ramesh Barad (Joint Managing Director) have all-inclusive experience in the construction industry. Board of directors is also back up by team of experienced... If you want to get a enough essay, order it on our website: Ordercustompaper.com

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