Bulk Lift is a designer, producer and distributor of flexible intermediate bulk containers (FIBCs) and complementary packaging solutions, headquartered in St. Charles, Illinois, with a state-of-the-art manufacturing facility in Nuevo Laredo, Mexico. Since 1978, Bulk Lift has established a reputation for top quality and flexibility, using deep technical expertise to develop custom products designed to help reduce our customers’ total packaging costs. For more information. Founded in 1978 as a pioneering manufacturer and distributor of high-end and premium FIBCs, Bulk Lift has deepened its capability and expertise in its core of FIBC solutions and grown its offering to include a robust suite of complementary packaging solutions, including pallets, stretch films and liners. The company has also expanded its manufacturing operations to a state-of-the art facility in Nuevo Laredo, Mexico, and developed a mature international supply chain complete with local quality control presence to assure product quality. The company is headquartered in St. Charles, Illinois,

Shree Tirupati Balajee FIBC has a debt to EBITDA ratio of 3.0 and its EBIT covered its interest expense 5.4 times. Taken together this implies that, while we wouldn’t want to see debt levels rise, we think it can handle its current leverage. We note that Shree Tirupati Balajee FIBC grew its EBIT by 28% in the last year, and that should make it easier to pay down debt, going forward. There’s no doubt that we learn most about debt from the balance sheet. But it is Shree Tirupati Balajee FIBC’s earnings that will influence how the balance sheet holds up in the future. So when considering debt, it’s definitely worth looking at the earnings trend. Finally, a business needs free cash flow to pay off debt; accounting profits just don’t cut it. So we clearly need to look at whether that EBIT is leading to corresponding free cash flow.