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Thursday, July 12, 2018
SREI EQUIPMENT FINANCE’S RATING UPGRADED TO AA
Kolkata,July 7,2018:
Srei Equipment Finance Limited (“SEFL”),one of India’s largest equipment financing
institutions, today announced that CARE Ratings has upgraded its rating on
company’s long term facilities to ‘CARE AA-‘ with Positive Outlook.
The rating upgrade factors the overall improvement in then
financial risk profile of SEFL marked by significant growth in disbursements in
financial 2017-2018 (refers to the period April 1 to March 31), improvement in
profitability, collection efficiency and asset quality indicators. The rating upgrade
also factors in continuous reduction in net non-performing assets acquired in
satisfaction of debt and repossessed assets as a percentage of networth.
The ratings are strengthened from the company’s established position
and expertise in construction and mining equipment (“CME”) financing segment ,experienced
promoters, well-established business network with large customer base and
presence of the group across the industry value chain.
Commenting on the rating upgrade, Devendra Kumar Vyas, CEO, SEFL, said: ”The rating upgrade reaffirms
SEFL’s continued dedication to create maximum value for our stakeholders. Our
nearly three decades of market experience, ability to assess risks efficiently and
strong business model based on customer centricity have helped us grow
profitably. We believe that we are strongly placed to derive value from the
on-going growth in the infrastructure sector due to favourable macro
environment arising from the government’s focus in this area. This upgrade is a
result of strong business fundamentals and will help us in diversification of
resource base and reduce cost of funds.”
About Srei Equipment
Finance Limited(SEFL):
Srei Equipment Finance Limited (“SEFL”), a wholly owned
subsidiary of Srei Infrastructure Finance Limited (“SREI”) in an industry leader in the
construction ,mining and allied equipment (”CME”) finance space, with an approximate
market share of 32.7% in fiscal 2017 (Source: Feedback Report). The company
enjoys a pan India presence with 89 branches and 4 offices as of September 30, 2017.
SEFL has an experienced management team having significant expertise in the
financial services sector. The company has assets under management (“AUM”) of
Rs 26,525 Crore for the six months ended September 30, 2017.
Post Event Release
SDC India International confer ence and SDC India CSR
The SDC is a professional, chartered society. They are also a global organisation, with their Head Office in Bradford UK, they have an international network of regions and activities. Their mission is to Educating the changing world in the science of colour.
The conference saw the presence of Mr. V.R.Sai Ganesh (Trustee SDC), Dr. Graham Clayton (CEO, SDC UK) Manish Mandana (Joint Managing Director - Mandana Industries), Archana Kochar, Dr. Aneel Kashi Mmurarka, Anjani Prasad and many more.
The SDC India has organised an International conference th emed ‘Innovations in Textile Technology and Fashion towards a Circular Economy’. “The circular economy is an alternative system in which products and materials are kept in a high-value state of use for as long as possible”. Today's linear ‘take, make, dispose’ economic model relies on large quantities of cheap, easily accessible materials and energy and is a model that is reaching its physical limits. A circular economy is an attractive and viable alternative with huge benefits for the environment. The conference attracts dye house, retailers, brands ,certifiers, laboratories and design and fashion professionals from around the world
The conference saw the presence of Mr. V.R.Sai Ganesh (Trustee SDC), Dr. Graham Clayton (CEO, SDC UK) Manish Mandana (Joint Managing Director - Mandana Industries), Archana Kochar, Dr. Aneel Kashi Mmurarka, Anjani Prasad and many more.
The SDC India has organised an International conference th
It is an India initiative to support the colour and allied industry with the help of the experts in respective fields. The mission is to ‘enhancing lives thru colour’ The focus is on: • Educating specially abled adults in field of colour • Promotion of education • Ensuring environmental sustainability • Enhancing vocational skills • Promoting social business projects • Funding for underprivileged for research & development • Recycling & reducing waste The projects are managed by the SDC India CSR committee.
Wednesday, July 11, 2018
Hindi comedy film Sharma Ji Ki Lag Gai releasing on 21st September 2018 all over.
Film- Sharma Ji Ki Lag Gai
Banner - Rock Mountain Production & Tweet Entertainment.
Producers- Nilkanth Regmi, Vanshmani Sharma, Kamal Kishor Mishra
Written & Directed by Manoj Sharma
Music & Lyrics- Praveen Bharadwaj
DOP- E.Raravanan
Choreographer- Lollypop & Mitali Pradhan
Back Ground Music- Lalit Mishra
Editor- C.Singh
Production Designer- Radheshyam Gupta
Executive Producer- Jeetlal Saroj
Media Consultant- Ekta & Himanshu Jhunjhunwala
Dwapar Promoters
Artist- Krushna AbHishek, Mugdha Godse, Brijendar Kala, Mukesh Tiwari, Hemant Panday, Himani Shivpuri, Tiku Talsaniya, Mustaq Khan, Mithlesh Chaturvedi , Gopi Bhalla, Sweta Khanduri, Mini Bansal, Ram Mehar, Abhishek Sharma, Jiten Mukhi, Yaasmin
Sravni Goswami, Rakesh Srivastav, Brijendar Mishra & others.
Location - Mumbai and Naigaon.
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