Everest Group gains new height
Everest Blower Systems, the flagship of Everest Group and the youngest company of the group was recently evaluated by SME Rating Agency of India Ltd (SMERA) and assigned a NSIC-D&B-SMERA: SE 2A rating. This rating indicates ‘High Performance Capability and High Financial Strength’. SMERA is India’s first and only rating agency dedicated to the SME segment. SMERA assigns ratings after considering and analysing financial as well as non-financial or qualitative aspects of the rated entity. A NSIC-D&B-SMERA rating is therefore of key relevance to various parties who are interested and have business dealings with the entity. The strengths of the company include professional & experienced management, significant increase in revenue, operating profit margin and net profit margin over last three years, better debt equity ratio (as compared to industry standards) and substantial increase in tangible net worth. All this has been possible due to clear vision and far sightedness of competent top management.
Everest Blower Systems is engaged in manufacturing of roots blowers (bilobe & trilobe design), mechanical vacuum boosters, acoustic hoods, dry vane pumps, dry screw vacuum pumps, and industrial vacuum systems. The company is catering to a diverse range of customer segments including chemical, pharmaceutical, petrochemical, research organizations, food processing, water & waste water etc. and has been successful in providing innovative, sustainable and energy efficient solutions for various processes. Exports turnover is to the tune of 35 per cent of the total turnover. The company currently exports to Africa, Middle East & South East Asia. “We have impressive expansion plans and hope to achieve a turnover of Rs.150 crore in the coming 5 years”, informed Amit Kapur, Director, Everest Group.