ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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RCS Vanaspati Industry

owners' equity at 27.99 per cent during 1989-90 compared to 24.30 per cent in the preceding year. Being a hire purchase and leasing company, Integrated Finance Company showed high gearing ratios of 5.7:1 in 1988-89 and 5.81:1 in 1989-90 between debt and equity. The company was rated by CRISIL as FAA which remained valid for 1989-90, The rating would come up for renewal in 1990-91. The deposits mobilised by the company increased by 25 per cent from Rs 3.80 crore to Rs 4.74 crore by the end of 1989-90. The working capital position remained comfortable with a current ratio of 2.80 in 1988-89 and 2.82 in 1989-90, This was primarily due to a proportionately high increase in the stock-on-hire under hire purchase agreements.

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