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Product | Quantum (Rs. Cr) | Long Term Rating | Short Term Rating |
Bank Loan Ratings | 35.00 | Not Applicable | Withdrawn | - |
Total Outstanding | 0.00 | - | - |
Total Withdrawn | 35.00 | - | - |
Rating Rationale |
Acuité has withdrawn the proposed long-term facilites of Rs.35 crore without assigning any rating of Gandhi Educational Trust. The rating has been withdrawn as per Acuite's policy of withdrawal of ratings as applicable to the respective instrument/facility. The rating is being withdrawn on account of request received from the Company. |
About the Company |
Tamil Nadu-based, Gandhi Educational Trust (GET) established in the year 1990 by Mr. T. Harigopalan being a chairman to the trust along with 5 other trustees. The trust runs schools in Vellore and Chennai. The trust manages 4 schools which offer primary and secondary education. Sunbeam Matriculation Higher Secondary School, Sunbeam CBSE School and Sunbeam Nursery and Primary School, these 3 schools located in Katpadi region and Sunbeam Matriculation Higher Secondary School is located in Chennai region. |
Unsupported Rating |
Not Applicable |
Analytical Approach |
Not Applicable |
Key Rating Drivers |
Strengths |
Not Applicable |
Weaknesses |
Not Applicable |
Rating Sensitivities |
Not Applicable |
Liquidity Position |
Not Applicable |
Outlook: Not Applicable |
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Other Factors affecting Rating |
None |
Particulars | Unit | FY 20 (Actual) | FY 19 (Actual) |
Operating Income | Rs. Cr. | 23.95 | 29.91 |
PAT | Rs. Cr. | 3.73 | 8.99 |
PAT Margin | (%) | 15.56 | 30.04 |
Total Debt/Tangible Net Worth | Times | 0.00 | 0.00 |
PBDIT/Interest | Times | 1348.65 | 71.47 |
Status of non-cooperation with previous CRA (if applicable) |
Not Applicable |
Any other information |
None |
Applicable Criteria |
• Default Recognition :- https://www.acuite.in/view-rating-criteria-52.htm • Service Sector: https://www.acuite.in/view-rating-criteria-50.htm • Application Of Financial Ratios And Adjustments: https://www.acuite.in/view-rating-criteria-53.htm |
Note on complexity levels of the rated instrument |
In order to inform the investors about complexity of instruments, Acuité has categorized such instruments in three levels: Simple, Complex and Highly Complex. Acuite’ s categorisation of the instruments across the three categories is based on factors like variability of the returns to the investors, uncertainty in cash flow patterns, number of counterparties and general understanding of the instrument by the market. It has to be understood that complexity is different from credit risk and even an instrument categorized as 'Simple' can carry high levels of risk. For more details, please refer Rating Criteria “Complexity Level Of Financial Instruments” on www.acuite.in |
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About Acuité Ratings & Research |
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