­Balaji Rice Mill (Tamil Nadu), established in 1975 by Mr. Ramalinga Reddiar, is a proprietorship firm engaged in processing and trading of rice and bran, based in Tindivanam at Villupuram. Balaji Rice Mill runs a rice mill in Tindivanam (Villupuram) with a capacity of processing around 9000 Kg per day.

­Established in 1983 as a partnership firm, Balaji Rice Mill (BRM) is engaged in processing of raw and boiled rice. Based in Palakollu (Andhra Pradesh), the entity is promoted by Mr. Jagannadha Raju, Mr. Rama Koti Raju, Mr. Dharma Raju and Mr. Ramachandra Raju. The entity has sortex and milling capacity of 6 Tons Per Hour (TPH). The promoters have two more rice mills - Sri Satya lakshmi Rice Mill (SSRM) and Sri Jagannadha Surya Lakshmi Rice Mill (SJSLRM) established in 1984 and 1981, respectively. Both these rice mills are based out of Palakollu with milling capacity of 6 TPH each.

­Acuité has been requesting for data, information and undertakings from the rated entity for conducting surveillance & review of the rating. However, the issuer/borrower failed to submit such information before the due date. Acuité believes that information risk is a critical component in such ratings, and non-cooperation by the issuer along with unwillingness to provide information could be a sign of potential deterioration in its overall credit quality. This rating is, therefore, being flagged as “Issuer not-cooperating”, in line with prevailing SEBI regulations and Acuité’s policies.

­The rating is based on information available from sources other than the issuer/borrower (in the absence of information provided by the issuer/borrower). Acuité endeavored to gather information about the entity/industry from the public domain. Therefore, Acuité cautions lenders and investors regarding the use of such information, on which the indicative credit rating is based.

­­"No information provided by the issuer / available for Acuite to comment upon."

­­"No information provided by the issuer / available for Acuite to comment upon."

­Not Applicable

­Not Applicable

­In order to inform the investors about complexity of instruments, Acuité has categorized such instruments in three levels: Simple, Complex and Highly Complex. Acuite’ s categorisation of the instruments across the three categories is based on factors like variability of the returns to the investors, uncertainty in cash flow patterns, number of counterparties and general understanding of the instrument by the market. It has to be understood that complexity is different from credit risk and even an instrument categorized as 'Simple' can carry high levels of risk. For more details, please refer Rating Criteria “Complexity Level Of Financial Instruments” on www.acuite.in.