Note:- For activities or ratings of instruments falling under the purview of Financial Sector Regulators other than SEBI, the grievance / dispute redressal mechanisms and investor protection mechanisms provided by SEBI shall not be available.
Rating Rationale
Acuite has withdrawn its long-term rating on Rs. 34.50 Cr. bank facilities of KBK Biotech Private Limited without assigning any rating as the instrument is fully repaid. The rating is being withdrawn on account of request received from the issuer, satisfaction of index of charges and No Dues Certificate (NDC) received from the lender.
Acuite has withdrawn its proposed long-term rating on Rs. 2.50 Cr. bank facilities of KBK Biotech Private Limited without assigning any rating. The rating is being withdrawn on account of request received from the issuer.
The rating withdrawal is in accordance with Acuite’s policy on withdrawal of ratings as applicable to the respective facility / instrument.
About the Company
Andhra Pradesh based KBK Biotech Private Limited was incorporated in 2015. It is engaged in manufacturing of Extra Neutral Alcohol (ENA), Impure Spirit (IS) and Distillers Dried/Wet Grains with soluble (DDGS), Hand Sanitizers and Captive Power Generation of 2MW. The commercial operations of the company were started from July 2019. The company is promoted by Mr. Balarama Krishna Kundula, Mr. Ganga Bhavani Kundula, Mr. Murali Krishna Kundula and Mr. Suresh Kumar Kundula.
Unsupported Rating
Not Applicable
Analytical Approach
Not Applicable
Key Rating Drivers
Strengths
Not Applicable
Weaknesses
Not Applicable
Rating Sensitivities
Potential triggers (individual or collective) for an upward rating action:
Not Applicable
Potential triggers (individual or collective) for a downward rating action:
Not Applicable
Liquidity Position
Not Applicable
Outlook
Not Applicable
Other Factors affecting Rating
None
Particulars
Unit
FY 25 (Actual)
FY 24 (Actual)
Operating Income
Rs. Cr.
371.88
220.30
PAT
Rs. Cr.
10.01
6.87
PAT Margin
(%)
2.69
3.12
Total Debt/Tangible Net Worth
Times
2.79
3.33
PBDIT/Interest
Times
5.13
3.26
Status of non-cooperation with previous CRA (if applicable)
ACUITE BB-
(Downgraded & Issuer not co-operating* from ACUITE BB)
Proposed Long Term Bank Facility
Long Term
2.50
ACUITE BB-
(Downgraded & Issuer not co-operating* from ACUITE BB)
Term Loan
Long Term
14.50
ACUITE BB-
(Downgraded & Issuer not co-operating* from ACUITE BB)
24 Jan 2024
Cash Credit
Long Term
20.00
ACUITE BB
(Reaffirmed & Issuer not co-operating*)
Term Loan
Long Term
14.50
ACUITE BB
(Reaffirmed & Issuer not co-operating*)
Proposed Long Term Bank Facility
Long Term
2.50
ACUITE BB
(Reaffirmed & Issuer not co-operating*)
Lender’s Name
ISIN
Facilities
Listing Status
Regulated By
Date Of Issuance
Coupon Rate
Maturity Date
Quantum (Rs. Cr.)
Complexity Level
Rating
Union Bank of India
Not avl. / Not appl.
Cash Credit
Unlisted
RBI
Not avl. / Not appl.
Not avl. / Not appl.
Not avl. / Not appl.
20.00
Simple
ACUITE Not Applicable | Withdrawn
Not Applicable
Not avl. / Not appl.
Proposed Long Term Bank Facility
Unlisted
RBI
Not avl. / Not appl.
Not avl. / Not appl.
Not avl. / Not appl.
2.50
Simple
ACUITE Not Applicable | Withdrawn
Andhra Pradesh State Financial Corporation
Not avl. / Not appl.
Term Loan
Unlisted
RBI
30 Mar 2017
Not avl. / Not appl.
31 Mar 2025
14.50
Simple
ACUITE Not Applicable | Withdrawn
Note:- For activities or ratings of instruments falling under the purview of Financial Sector Regulators other than SEBI, the grievance / dispute redressal mechanisms and investor protection mechanisms provided by SEBI shall not be available.
Contacts
List of instruments and names of regulators of the instruments
