CRISIL assigned grade "SE3C" to DA Surya Shakti Services Pvt. Ltd.

DA SURYA SHAKTI SERVICES PVT. LTD. (DASSSPL), a company for Solar Power Projects in India has been assigned "NSIC - CRISIL SE3C" rating by CRISIL for SMEs in 2012, which indicates "Moderate Performance Capability and Low Financial Strength".
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Mumbai, India ( March 28, 2012 - CRISIL, the nation's leading credit rating agency has assigned a NSIC CRISIL Grade SE3C to DA SURYA SHAKTI SERVICES PVT. LTD. (DASSSPL). This grade indicates Moderate Performance Capability and Low Financial Strength. This grade indicates that the level of creditworthiness, adjudged in relation to other Small Scale Industries (SSIs) in India. This rating is valid for one year and can be exercised under any of the assigned schemes by National Small Industries Corporation Limited, New Delhi (NSIC).

The rating assigned by CRISIL proves that the company has qualified promoters with experience in similar line of business and promoters have established track record of years to survive the business cycles.

The grade is not a recommendation to buy, sell or hold the graded instrument, or a comment on the graded instrument's future market price or its suitability for a particular investor. The grade exhibits DASSSPL position in the intensely competitive Solar Industry.

"We will keep the ratings reviewed periodically to upgrade our ratings in future," said Mubarak Thakur, Chairman of DASSSPL.

About DA Surya Shakti

DA Surya Shakti (DASS) is an ISO 9001-2008 and MS ISO 9001-2008 Certified, CRISIL government Authorized Company for power projects. A Developer, Reseller and Distributor of leading solar technology brands into the Indian Solar power Market. To date, DASS has entered into partnership agreements with leading equipment vendors, and manufacturers, and service companies. The Company is located in Jogeshwari , Andheri : Mumbai, which is the financial, commercial & industrial hub of India.

About CRISIL Ratings

CRISIL is India's first, largest, and most prominent credit rating agency. CRISIL pioneered the concept of credit rating in India more than 20 years ago, and has played a pivotal role in the development of India's debt market. Today, CRISIL rates two-thirds of corporate bonds outstanding in India. CRISIL has also assigned more than 20,000 Small and Medium Enterprise (SME) Ratings, and has the highest number of SME ratings outstanding in India.


Tag Words: solar crisil rating, nsic rating to dasspl, crisil rating to da surya, sme rating india, crisil
Categories: Energy

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