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Bombay Dyeing in list of companies with elevated default risk probability

Bombay Dyeing and Manufacturing Company recently figured in the list of 77 companies with elevated default risk probability as computed by Bloomberg. One-year default risk probability stood at 3.4 per cent for Bombay Dyeing. The company is likely to start pre-payment of its debt from the current fiscal year as cash flows begin to kick in from the realty business .

According to the company’s FY18 annual report, Bombay Dyeing’s total debt rose 17 per cent annually to Rs 2,730 crore between FY13 and FY18, while its revenue grew just 1.5 per cent in the same period..

The company’s debt to equity increased to 3.5 in FY18 compared with 0.33 in FY13. The company is having a liquid investment worth Rs 1,200 crore in the balance sheet at end September 2018, mainly derived from the value of investment in Bombay Burmah Trading Corporation.

 

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Mirrorsize US to launch ‘draping’ solution based on customer’s selection of fabr…

Mirrorsize US to launch ‘draping’ solution based on customer’s selection of fabric, style

The Indian arm of NJ-based company, Mirrorsize US Inc, plans to launch a ‘Draping’ product in the next three to four months. “Based on customer’s selection of fabric, style, etc,... Read more

UV&W to tap over 2,000 MBOs, increase online presence by 2020

UV&W to tap over 2,000 MBOs, increase online presence by 2020

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Kavin’s new thermal range promises best warmth and comfort

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The latest winter wear range from Juelle is trendy, chic and highly adaptable to the youth. “Embroideries and fancy yarns have emerged as the major style statement this year. Sweaters... Read more

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A 2016 survey of 1,000 online shoppers by British consumer analysis firm Savvy Marketing showed around 63 per cent of women buyers returned their clothes. Most of these clothes were... Read more

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Delhi-based garment company, Vingo Clothing has big plans for the future. The company, which recently launched its winter range, is now working on its summer collection, “Which will be more... Read more

Shingora to expand product category, launch new collections

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Winterwear brand Shingora has introduced its autumn/ winter ’18 collection featuring embroideries, checks and jacquards. This collection is adorned with funky and floral prints. “Our biggest launch however, is the... Read more

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Global festive season has brought a ray of hope to Tirupur, which recently witnessed one of its worst years. Demonetisation coupled with the implementation of Goods and Services Tax (GST)... Read more

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Raman Kapoor, Managing Director, Replay Square, a manufacturer of designer jackets, has a very positive view of the current market. The market, according to him is good “as production level... Read more

4th Intex South Asia gets an overwhelming response with over 3,500 attendees

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The 4th edition of Intex South Asia, held from November 14 to 16, 2018, at the Sirimavo Bandaranaike Memorial Exhibition Centre (BMICH) in Colombo, Sri Lanka, showcased a wide range... Read more

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