GE Shipping had a debt
equity ratio of 0.71 as on March 31, 2007
Loans
Total outstanding loans from
various financial institutions and commercial banks:
(Rs. million)
as on March 31, 2007
as on March 31, 2006
as on March 31, 2005
as on March 31, 2004
as
on March 31, 2003
as
on March 31, 2002
Secured
Debt
21,897
18,691
20,797
14,590
8,855
7,949
Unsecured Debt
Nil
Nil
Nil
Nil
1,353
1,391
GE Shipping has a series of 3
secured redeemable non-convertible debentures.
All the debentures enjoy AAA rating from Credit
Rating and Information Services India Limited, a
leading credit rating agency in India. The rating
indicates highest level of safety. The company is
one of the select few companies in the country that
enjoy this highest level of rating. The debentures
are listed on the National Stock Exchange, Mumbai,
India.
Secured Redeemable Non-Convertible
Debentures as on June 07, 2007
Sr.
No.
Issue
Size (Rs.mn)
Outstanding
amt. on 07/06/2007 (Rs.mn)
Interest
rate (%)
Allotment
date
Redemption
date
Interest
payment date
1
900
125
10.25
25 May 2001
25 May 2008
25 May
2
950
950
6.05
19 Sep. 2003
19 Sep. 2010
19 Sep
CRISIL reaffirms rating on
G E Shipping, removes from Rating Watch - Read
More
CRISIL places Pass Through
Certificates backed by loan receivables from G E
Shipping on 'Rating Watch with developing implications'
- Read
More
CRISIL places GE Shipping's
rating on Rating Watch following restructuring proposal
- Read
More
CRISIL reaffirms rating of
Great Eastern Shipping Co. Ltd. - Read
More
