Breaking News

You are here » Indian-Commodity  :  Top News  :  CARE reaffirms ratings of Atishay's bank facilities

22-Sep2016

CARE reaffirms ratings of Atishay's bank facilities

Credit rating agency, CARE has reaffirmed 'BBB' rating to Atishay's long term bank facilities worth Rs 5.20 crore. The rating agency has also reaffirmed 'A3+' rating to the company's short-term bank facilities worth Rs 4 crore. The ratings assigned to the bank facilities of Atishay continue to derive strength from healthy profit margins as well as comfortable capital structure and debt coverage indicators, although deteriorated marginally during FY16 (refers to the period April 1 to March 31). The ratings also take note of the company's generation of revenue from its newly established services from FY16 as well as commencement of operations from it's newly set-up hotel business from April 2016 onwards.

Atishay is an ISO 9001:2008 and ISO/IEC 27001:2005 certified company and has been executing the projects like electoral roll printing and electoral photo identity card for various state governments. It has been involved in projects such as Rashtriya Swasthya Bima Yojna (RSBY), Lok Seva Kendra (LSK) and digitisation of cadastral maps for Government of Madhya Pradesh.


Related News

View all news

Gold futures decline on firming dollar

Gold futures declined on MCX as traders await the minutes from the US Federal Reserve's latest policy meeting for fresh clues on the pace of interest rate hikes. Besides, a firming dollar against some......

Coriander futures edge higher on improved demand

Coriander futures edged higher on NCDEX as participants built up fresh positions on the back of improved demand at the spot market. Further, tight supplies from major producing regions also fuelled the......

Gold end higher on Tuesday

Gold futures ended higher on Tuesday amid weak dollar against basket of major currencies, ahead of the release of minutes of Federal Open Market Committee's September meeting. Gold futures for December......

Top News

View all news

Hero MotoCorp achieves best ever sales performance in Q2 FY19

Hero MotoCorp has achieved its best-ever sales performance for the second quarter of any financial year, selling 21,34,051 units of two-wheelers in Q2 FY19.For the period April-September 2018, Hero MotoCorp......

Mahindra CIE Automotive reports 74% rise in Q3 net profit

Mahindra CIE Automotive has reported results for third quarter ended September 30, 2018.The company has reported 73.80% rise in its net profit at Rs 42.58 crore for the quarter under review as compared......

Infosys crosses $2 billion large deal signings in Q2 FY19

Infosys has crossed $2 billion large deal signings in Q2 FY19. Besides, the company's digital revenues stood at $905 million in Q2 FY19 (31.0% of total revenues), year-on-year growth of 33.5% and sequential......