110.4 management, engineering, education and polytechnic
Engineering and Technolo
nursing, management, engineering, information technology, pharmacy and technical education
170 senior education up to Class XI
Accurate Institute of Management and Technology (A
engineering and management
1 co-educational day school,
29 school
30 school
schools
schools
14
schools
300 schools
1000 schools
schools
schools
48.5 engineering and managem
115 school
90 schools, and graduate, post-graduate, and professional colleges
25 Institute of Science and Technology,Pharmacy, Nursing
10 engineering, architecture, management, and education
28.1 Pharmacy
5.1
20 MCA, MBA,engineering
22.5 law, pharmacy, and engineering
70 schools
MCA, MBA,engineering
post-graduate courses in business management
100 Dental Science
Engineering
Polytechnic, Engineering C
13 Engineering and Technology
10 pre-school to professional
36.2 architecture, pharmacy, engineering and Hotel Management, as well as Master of Business Administration
1180 Management and IT
Engineering College
Technology & Marine Engineering
201 MBA, MCA, BE and schools with classes from nursery to Class 10
engineering, pharmacy , IT
business school ,Institute of Management
diploma courses in civil, computer, electrical, mechanical, and electrical and c
27.5 schools
25 engineering and management, a polytechnic college, and a school.
22.5 biotechnology, microbiology, engineering, and management
school to the post-graduate
100 engineering college
9.6 engineering, MBA
Engineering and Technology
Engineering
420 school
engineering, technology, and management
100 Management and Technology
40 medicine, dentistry, nursing, pharmacy, engineering, business management, law, agriculture, and physiot
school
Risk Profile Capex Upgrade/Downgrade
comfortable financial risk pnew engineering college BBB+ to BB Rs.80.00 Million Cash Credit
business and financial risk the construction of an Ay A Rs.350 Million Term Loan
its financial risk profile is expected to remain weak over the medium term mark Rs.69.6 Million Term Lo
major capex out of accruals or due to lower-than-expected revenues and profitabiliRs.131.3 Million Term L
increase in salary expenseconstruction of a 12-storey building, which was earli Rs.121.9 Million Rupee
high degree of government regulations Rs.65.4 Million Long-Te
weak liquidity Rs.1.0 Billiion Term Loa
management, engineering, education and polytechnic Rs.171.20 Million Long
weak profitability, and limited track record in the education field Rs.120.0 Million Rupee Term Loan
nursing, management, engineering, information technology, pharmacy and technical education Rs.115 Million Long-Te
senior education up to Class XI Rs.68 Million Term Loan
Accurate Institute of Management and Technology (A leading to deterioration in its capital structure, or if Rs.100.0 Million Cash Cr
engineering and management Rs.110 Million Term Loan
Academy of Education Pvt Ltd (VKA), collectively referred to as the VK group Rs.160.00 Million Long-Term Loan
Rs.75 Million Long -Term Loan
Rs.49 Million Long-Term
Rs.60 Million Term Loan
Rs.70 Million Long-Term
capex of about Rs.350 million towards construction of Rs.241.8 Million Long-Term Loan
weak debt protection metrics, small scale of operations, and susceptibility to a Rs.50.00 Million Long-Term Loan
Rs.35 Million Long-Term Loan
Rs.56.00 Million Long-Term Loan
Rs.66 Million Long-Term
Rs.100 Million Long-Term Loan
Rs.300 Million Proposed Long-Term Bank Loan Facility
weak liquidity primarily due to mismatch in cash flows. Rs.145 Million Term Loan
Rs.105 Million Rupee Term Loan
schools, and graduate, post-graduate, and professional colleges Rs.1000 Million Proposed Long Term Bank Loan Facility
Institute of Science and Technology,Pharmacy, Nursing Rs.160.7 Million Term Loan
engineering, architecture, management, and education Rs.82.2 Million Rupee Term Loan
Rs.110 Million Term Loan
leading to significant weakening in its debt protection Rs.75 Million Rupee Te
small net worth, high gearing, and weak debt protection metrics, limited track r Rs.13.00 Million Cash Cr
law, pharmacy, and engineering Rs.10.0 Million Cash Cre
Rs.120.00 Million Propo
Rs.25.0 Million Overdraf
post-graduate courses in business management Rs.2.5 Million Cash Cred
Rs.38.5 Million Rupee
Rs.165.00 Million Cash
weak liquidity. Rs.211.40 Million Long-Term Loan
Engineering and Technology Rs.138.30 Million Long-Term Loan
financial risk profile and healthy growth in operating income over the medium t Rs.195.10 Million Long-Term Loan
architecture, pharmacy, engineering and Hotel Management, as well as Master of Business Administration Rs.1080.0 Million Term
The society has undertaken aggressive capex of aroundRs.319.2 Million Term Loan
Rs.240.00 Million Term Loan
Technology & Marine Engineering Rs.10.0 Million Cash Cre
MBA, MCA, BE and schools with classes from nursery to Class 10 Rs.81.50 Million Long-T
engineering, pharmacy , IT Rs.65.30 Million Long-T
business school ,Institute of Management The trust is establishing Galaxy Institute of Managem Rs.120.00 Million Long-Term Loan
diploma courses in civil, computer, electrical, mechanical, and electrical and c D (Downgraded from ‘B+Rs.55.0 Million Term Loan
SEF is setting up two new schools under the DPS franchRs.189.8 Million Term L
engineering and management, a polytechnic college, and a school. Rs.20.00 Million Long-T
biotechnology, microbiology, engineering, and management B-/Stable (Downgraded Rs.135.1 Million Long-T
school to the post-graduate Rs.120.00 Million Term Loan
Rs.98.00 Million Term Loan
SES applied for university status. The capital expendi Rs.22.5 Million Overdraf
Engineering and Technology Rs.197.2 Million Term L
Rs.255.5 Million Term loan
The school is expected to commence operations in ApriRs.170.0 Million Proposed Long-Term Bank Loan Facility
engineering, technology, and management Rs.100.0 Million Cash Cr
Management and Technology Rs.100.0 Million Rupee
medicine, dentistry, nursing, pharmacy, engineering, business management, law, agriculture, and physiot Rs.665.00 Million Long
SJET has a modest financial risk profile. This weaknessRs.206.0 Million Long-Term Loan
Rs.80.00 Million Cash Credit
Rs.350 Million Term Loan
Rs.110.4 Million Proposed Long-Term Bank Loan Facility
Rs.70.0 Million Overdra Rs.48.0 Million Bank Guarantee
Rs.28.1 Million Proposed Long-Term Bank Loan Facility
Rs.5.5 Million Secured ORs.4.1 Million Proposed Long-Term Bank Loan Facility
Rs.0.1 Billion Bank Guarantee
Rs.10.00 Million Overdraft Facility
Rs.120.0 Million Rupee Term Loan
Rs.20 Million Overdraft Facility
Rs.68 Million Term Loan
Rs.481.0 Million Term Loan (Enhanced from Rs.375.0 Million)
Rs.110 Million Term Loan
Rs.160.00 Million Long-Term Loan
Rs.75 Million Long -Term Loan
Rs.1 Million Proposed Long-Term Bank Loan Facility
Rs.29 Million Proposed Long-Term Bank Loan Facility
Rs.30 Million Proposed Long-Term Bank Loan Facility
Rs.241.8 Million Long-Term Loan
Rs.50.00 Million Long-Term Loan
Rs.35 Million Long-Term Loan
Rs.56.00 Million Long-Term Loan
Rs.14 Million Proposed Long-Term Bank Loan Facility
Rs.100 Million Long-Term Loan
Rs.300 Million Proposed Long-Term Bank Loan Facility
Rs.145 Million Term Loan
Rs.105 Million Rupee Term Loan
Rs.1000 Million Proposed Long Term Bank Loan Facility
Rs.160.7 Million Term Loan
Rs.82.2 Million Rupee Term Loan
Rs.110 Million Term Loan
Rs.15 Million Overdraft Facility
Rs.200.00 Million Term Loan
Rs.106.8 Million Term Loan
Rs.15.00 Million Proposed Cash Credit
Rs.86.7 Million Term Loan
Rs.162.8 Million Long-T Rs.37.2 Million Proposed Long-Term Bank Loan facility
Rs.27.5 Million Bank Guarantee
Rs.19.00 Million Term L Rs.36.00 Million Proposed Long-Term Bank Loan Facility
Rs.211.40 Million Long-Term Loan
Rs.138.30 Million Long-Term Loan
Rs.195.10 Million Long-Term Loan
Rs.420.0 Million Proposed Long-Term Bank Loan Facility
Rs.319.2 Million Term Loan
Rs.240.00 Million Term Loan
Rs.160.0 Million Term L Rs.15.0 Million Bank Guarantee
Rs.25.00 Million OverdraRs.23.50 Million Proposed Long-Term Bank Loan Facility
Rs.30.00 Million OverdraRs.6.20 Million Proposed Long-Term Bank Loan Facility
Rs.120.00 Million Long-Term Loan
Rs.55.0 Million Term Loan
Rs.13.8 Million Proposed Long-Term Bank Loan Facility
Rs.90.00 Million Overdraft Facility
Rs.5.1 Million Cash Credit
Rs.120.00 Million Term Loan
Rs.98.00 Million Term Loan
Rs.310.2 Million Term L Rs.47.7 Million Proposed Long-Term Bank Loan FIn 2009-10 (refers to financial year, April 1 to March 31), SES’s fee income improved by 33 per cent over the previous year to Rs.187 million, almost in line with CRISIL’s projection. In 2010-11, the society added around 650 seats to its engineering courses. Its net fees receipts are, therefore, expected to increase with improved scale of operations over the medium term. However, the operating surpluses declined to 47.2 per cent in 2009-10 from 53.3 per cent in 2008-09 due to expenditure on new colleges opened during 2008-09. To forge a successful placements track record at its new colleges, SES plans to incur expenses to create a brand name. This may lead to some pressure on its operating surpluses; however, CRISIL expects the same to remain healthy over the medium term. In 2010-11, the occupancy in Master of Business Administration (MBA) courses declined to around 75 per cent due to increased competition from institutes in other states. The inflow of students to SES’s colleges will remain key rating sensitivity factors.
Rs.22.5 Million Overdraft Facility
Rs.255.5 Million Term loan
Rs.170.0 Million Proposed Long-Term Bank Loan Facility
Rs.375.0 Million Term Loan
Rs.70.0 Million Overdraft Facility
Rs.115.00 Million Letter of credit & Bank Guarantee
Rs.206.0 Million Long-Term Loan
In 2009-10 (refers to financial year, April 1 to March 31), SES’s fee income improved by 33 per cent over the previous year to Rs.187 million, almost in line with CRISIL’s projection. In 2010-11, the society added around 650 seats to its engineering courses. Its net fees receipts are, therefore, expected to increase with improved scale of operations over the medium term. However, the operating surpluses declined to 47.2 per cent in 2009-10 from 53.3 per cent in 2008-09 due to expenditure on new colleges opened during 2008-09. To forge a successful placements track record at its new colleges, SES plans to incur expenses to create a brand name. This may lead to some pressure on its operating surpluses; however, CRISIL expects the same to remain healthy over the medium term. In 2010-11, the occupancy in Master of Business Administration (MBA) courses declined to around 75 per cent due to increased competition from institutes in other states. The inflow of students to SES’s colleges will remain key rating sensitivity factors.
In 2009-10 (refers to financial year, April 1 to March 31), SES’s fee income improved by 33 per cent over the previous year to Rs.187 million, almost in line with CRISIL’s projection. In 2010-11, the society added around 650 seats to its engineering courses. Its net fees receipts are, therefore, expected to increase with improved scale of operations over the medium term. However, the operating surpluses declined to 47.2 per cent in 2009-10 from 53.3 per cent in 2008-09 due to expenditure on new colleges opened during 2008-09. To forge a successful placements track record at its new colleges, SES plans to incur expenses to create a brand name. This may lead to some pressure on its operating surpluses; however, CRISIL expects the same to remain healthy over the medium term. In 2010-11, the occupancy in Master of Business Administration (MBA) courses declined to around 75 per cent due to increased competition from institutes in other states. The inflow of students to SES’s colleges will remain key rating sensitivity factors.
In 2009-10 (refers to financial year, April 1 to March 31), SES’s fee income improved by 33 per cent over the previous year to Rs.187 million, almost in line with CRISIL’s projection. In 2010-11, the society added around 650 seats to its engineering courses. Its net fees receipts are, therefore, expected to increase with improved scale of operations over the medium term. However, the operating surpluses declined to 47.2 per cent in 2009-10 from 53.3 per cent in 2008-09 due to expenditure on new colleges opened during 2008-09. To forge a successful placements track record at its new colleges, SES plans to incur expenses to create a brand name. This may lead to some pressure on its operating surpluses; however, CRISIL expects the same to remain healthy over the medium term. In 2010-11, the occupancy in Master of Business Administration (MBA) courses declined to around 75 per cent due to increased competition from institutes in other states. The inflow of students to SES’s colleges will remain key rating sensitivity factors.
In 2009-10 (refers to financial year, April 1 to March 31), SES’s fee income improved by 33 per cent over the previous year to Rs.187 million, almost in line with CRISIL’s projection. In 2010-11, the society added around 650 seats to its engineering courses. Its net fees receipts are, therefore, expected to increase with improved scale of operations over the medium term. However, the operating surpluses declined to 47.2 per cent in 2009-10 from 53.3 per cent in 2008-09 due to expenditure on new colleges opened during 2008-09. To forge a successful placements track record at its new colleges, SES plans to incur expenses to create a brand name. This may lead to some pressure on its operating surpluses; however, CRISIL expects the same to remain healthy over the medium term. In 2010-11, the occupancy in Master of Business Administration (MBA) courses declined to around 75 per cent due to increased competition from institutes in other states. The inflow of students to SES’s colleges will remain key rating sensitivity factors.
In 2009-10 (refers to financial year, April 1 to March 31), SES’s fee income improved by 33 per cent over the previous year to Rs.187 million, almost in line with CRISIL’s projection. In 2010-11, the society added around 650 seats to its engineering courses. Its net fees receipts are, therefore, expected to increase with improved scale of operations over the medium term. However, the operating surpluses declined to 47.2 per cent in 2009-10 from 53.3 per cent in 2008-09 due to expenditure on new colleges opened during 2008-09. To forge a successful placements track record at its new colleges, SES plans to incur expenses to create a brand name. This may lead to some pressure on its operating surpluses; however, CRISIL expects the same to remain healthy over the medium term. In 2010-11, the occupancy in Master of Business Administration (MBA) courses declined to around 75 per cent due to increased competition from institutes in other states. The inflow of students to SES’s colleges will remain key rating sensitivity factors.
In 2009-10 (refers to financial year, April 1 to March 31), SES’s fee income improved by 33 per cent over the previous year to Rs.187 million, almost in line with CRISIL’s projection. In 2010-11, the society added around 650 seats to its engineering courses. Its net fees receipts are, therefore, expected to increase with improved scale of operations over the medium term. However, the operating surpluses declined to 47.2 per cent in 2009-10 from 53.3 per cent in 2008-09 due to expenditure on new colleges opened during 2008-09. To forge a successful placements track record at its new colleges, SES plans to incur expenses to create a brand name. This may lead to some pressure on its operating surpluses; however, CRISIL expects the same to remain healthy over the medium term. In 2010-11, the occupancy in Master of Business Administration (MBA) courses declined to around 75 per cent due to increased competition from institutes in other states. The inflow of students to SES’s colleges will remain key rating sensitivity factors.
In 2009-10 (refers to financial year, April 1 to March 31), SES’s fee income improved by 33 per cent over the previous year to Rs.187 million, almost in line with CRISIL’s projection. In 2010-11, the society added around 650 seats to its engineering courses. Its net fees receipts are, therefore, expected to increase with improved scale of operations over the medium term. However, the operating surpluses declined to 47.2 per cent in 2009-10 from 53.3 per cent in 2008-09 due to expenditure on new colleges opened during 2008-09. To forge a successful placements track record at its new colleges, SES plans to incur expenses to create a brand name. This may lead to some pressure on its operating surpluses; however, CRISIL expects the same to remain healthy over the medium term. In 2010-11, the occupancy in Master of Business Administration (MBA) courses declined to around 75 per cent due to increased competition from institutes in other states. The inflow of students to SES’s colleges will remain key rating sensitivity factors.
In 2009-10 (refers to financial year, April 1 to March 31), SES’s fee income improved by 33 per cent over the previous year to Rs.187 million, almost in line with CRISIL’s projection. In 2010-11, the society added around 650 seats to its engineering courses. Its net fees receipts are, therefore, expected to increase with improved scale of operations over the medium term. However, the operating surpluses declined to 47.2 per cent in 2009-10 from 53.3 per cent in 2008-09 due to expenditure on new colleges opened during 2008-09. To forge a successful placements track record at its new colleges, SES plans to incur expenses to create a brand name. This may lead to some pressure on its operating surpluses; however, CRISIL expects the same to remain healthy over the medium term. In 2010-11, the occupancy in Master of Business Administration (MBA) courses declined to around 75 per cent due to increased competition from institutes in other states. The inflow of students to SES’s colleges will remain key rating sensitivity factors.
In 2009-10 (refers to financial year, April 1 to March 31), SES’s fee income improved by 33 per cent over the previous year to Rs.187 million, almost in line with CRISIL’s projection. In 2010-11, the society added around 650 seats to its engineering courses. Its net fees receipts are, therefore, expected to increase with improved scale of operations over the medium term. However, the operating surpluses declined to 47.2 per cent in 2009-10 from 53.3 per cent in 2008-09 due to expenditure on new colleges opened during 2008-09. To forge a successful placements track record at its new colleges, SES plans to incur expenses to create a brand name. This may lead to some pressure on its operating surpluses; however, CRISIL expects the same to remain healthy over the medium term. In 2010-11, the occupancy in Master of Business Administration (MBA) courses declined to around 75 per cent due to increased competition from institutes in other states. The inflow of students to SES’s colleges will remain key rating sensitivity factors.
In 2009-10 (refers to financial year, April 1 to March 31), SES’s fee income improved by 33 per cent over the previous year to Rs.187 million, almost in line with CRISIL’s projection. In 2010-11, the society added around 650 seats to its engineering courses. Its net fees receipts are, therefore, expected to increase with improved scale of operations over the medium term. However, the operating surpluses declined to 47.2 per cent in 2009-10 from 53.3 per cent in 2008-09 due to expenditure on new colleges opened during 2008-09. To forge a successful placements track record at its new colleges, SES plans to incur expenses to create a brand name. This may lead to some pressure on its operating surpluses; however, CRISIL expects the same to remain healthy over the medium term. In 2010-11, the occupancy in Master of Business Administration (MBA) courses declined to around 75 per cent due to increased competition from institutes in other states. The inflow of students to SES’s colleges will remain key rating sensitivity factors.
