Not enough equity

7-3-2006

Business Standard

has adjusted to in many ways, but the process has also increased the risk profile of industry drastically. and together with the lead times it imposed ensured that once a business successfully commenced production, neither domestic could play spoil sport and there was a fair degree of stability in the sales, operating margins and consequently cashflows. This led to high debt levels; but both the lenders and borrowers were comfortable, given the stability

has adjusted to in many ways, but the process has also increased the risk profile of industry drastically. and together with the lead times it imposed ensured that once a business successfully commenced production, neither domestic could play spoil sport and there was a fair degree of stability in the sales, operating margins and consequently cashflows. This led to high debt levels; but both the lenders and borrowers were comfortable, given the stability…

http://www.business-standard.com/article/opinion/v-kumaraswamy-not-enough-equity-106030701085_1.html

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