ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Ind Jyothi

the consequent resorting to external funds, both short-term and long-term borrowings brought about the change in the capital structure of the company. There were spurts in secured loans from banks (Rs 9 crore) and unsecured loans from Unit Trust of India (Rs 2 crore), public deposits (Rs 1 crore) and deferred payment credits (Rs 1 crore). In view of the above developments, the interest coverage ratio worsened to 2.41 times the operating profit in 1989-90 from 3,92 times in the preceding year. The liquidity ratios showed a similar downward movement, and the current ratio worked out lower at 2.49 during the year under review as against 2.63 in the preceding year.

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