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CRISIL has assigned its ‘C/P4’ ratings to the bank facilities of C R Sons Builders and Developers Pvt Ltd (CR Sons), as the company has delayed servicing its equipment finance obligations. The ratings also reflect CR Sons’ weak liquidity, modest scale of operations, and limited revenue diversity. The impact of the rating weaknesses is mitigated by its moderate order book and capital structure.
About the Company
Incorporated in 1993 by Mr. Inder Kapoor and family, CR Sons executes civil construction projects, primarily in the building and housing segments, in the National Capital Region, Uttar Pradesh, and Uttarakhand.
CR Sons reported a profit after tax (PAT) of Rs.14.8 million on net sales of Rs.619.2 million for 2007-08 (refers to financial year, April 1 to March 31), against a PAT of Rs.12.3 million on net sales of Rs.401.6 million for 2006-07.
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Analytical Contacts
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CRISIL Rating Desk
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Mitu Samar
Head, Market Development & Communications
CRISIL Limited
Tel: +91-22- 6644 1838
Email: msamar@crisil.com
Tanuja Abhinandan
Market Development & Communications
CRISIL Limited
Tel: +91-22-6758 8046
Email: tabhinandan@crisil.com
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Gurpreet S Chhatwal
Director - CRISIL Ratings
Tel: +91-11-4250 5100
Email: gchhatwal@crisil.com
Manish Kumar Gupta
Senior Manager - CRISIL Ratings
Tel: +91-11-4250 5100
Email: mkgupta@crisil.com
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Email: CRISILratingdesk@crisil.com
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