Prataap Snacks Credit Rating | IPO Credit Score |

Prataap Snacks Credit Rating provided here is based on its debt obligations and Loan payments etc. In our earlier post, we have provided Prataap Snacks IPO Details and also Red Herring Prospectus filed with SEBI. Also, check the Credit Rating of other companies going for Public issue like Continental Warehousing Corporation, Avenue SuperMarts Ltd (DMart). Prataap Snacks is planning to raise around Rs.700 Crore through this IPO.

Prataap Snacks Credit Rating

Prataap Snacks Liabilitues as on 31st March 2016 (Basis for Credit Rating):

Liability Amount in Rs. Millions
Long-term borrowings 210.38
Deferred tax liabilities (Net) 103.34
Short-term borrowings 264.22

Prataap Snacks Credit Rating:

Category Credit Rating
Short Term A-
Long Term A-

Prataap Snacks Revenue from Operations

Prataap Snacks revenue from operations (net) comprises of sale of finished goods and sale of traded goods.

Prataap Snacks revenue from operations (net) increased from Rs.5,588.07 million in Fiscal 2015 to Rs.7,571.90 million in Fiscal 2016.

This increase was primarily on account of significant increase in sale Rings. The revenue from sale of Rings increased by 97.33% from Fiscal 2015 to Fiscal 2016.

Revenue from sale of finished goods represents the significant majority of our revenue from operations (net).

Revenue from sale of finished goods represented 94.72% of the revenue from operations (net) in Fiscal 2015 and revenue from sale of finished goods represented 94.48% of the revenue from operations (net) in Fiscal 2016.

Revenue from sale of traded goods represented 5.12% of our revenue from operations (net) in Fiscal 2015 and 4.42% of our revenue from operations (net) in Fiscal 2016.

Other Income : Prataap Snacks Credit Rating

Other income of Prataap Snacks comprises primarily of interest income from banks, interest incomes from loans extended to our employee welfare trust and from employees its advances made etc. and exchange differences, decreased by 59.78% from Rs.17.64 million in Fiscal 2015 to Rs.7.10 million in Fiscal 2016, primarily due to lower bank interest on deposits.

Competition : Prataap Snacks Credit Rating

In the organized snacks segment the market was historically dominated by major FMCG companies such as PepsiCo India Holding Private Limited, ITC Limited, Parle Products Private Limited, etc.

PepsiCo India Holding Private Limited, with its Lays and KurKure brand has dominated the Chips and Extruded Snacks market with close to 50% market share in each of the segments.

However, in the Rings segment, Prataap Snacks became the market leader in 2015 and Crax by DFM Foods Limited is our major competitor.

Conclusion : Prataap Snacks Credit Rating

Credit Rating is one of the important aspects from Shareholder point of view. Prataap Snacks IPO is in big stakes and its Credit Rating plays an important role for the success.

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