Product Quantum (Rs. Cr) Long Term Rating Short Term Rating
Non Convertible Debentures (NCD) 1.25 Not Applicable | Withdrawn -
Total Outstanding 0.00 - -
Total Withdrawn 1.25 - -
 
Rating Rationale

­Acuité has withdrawn its long-term rating on the Rs. 1.25 Cr. Non Convertible Debentures (NCDs) of Beamer Food and Beverages Private Limited (BFBPL). The Non-Convertible Debentures are withdrawn without assigning any rating as it is a proposed facility.
 
The withdrawal is in accordance with Acuite's policy on withdrawal of ratings as applicable to the respective facility / instrument. The rating is withdrawn on receipt of withdrawal request from the company.

About the Company
­Established In 2016, Beamer Food and Beverages Private Limited (BFBPL) is engaged in Quick Service Restaurant. Its Registered Office in Bangalore, Karnataka. Beamer Brands Operates All Biggies Burger, Bigguys Wings & More, Original Burger Co. And Biggcafe Restaurants Across India. Current Directors of the Company are Mr. Biraja Prasad Rout, Mr. Abilash Chandrashekar and Mr. Sandeep Satpathy.
 
Unsupported Rating
­Not Applicable
 
Analytical Approach
­Not Applicable
 
Key Rating Drivers

Strengths
­Not Applicable

Weaknesses
­Not Applicable
Rating Sensitivities
­Not Applicable
 
Liquidity Position
­­Not Applicable
 
Outlook
­Not Applicable
 
Other Factors affecting Rating
­None
 

Particulars Unit FY 25 (Provisional) FY 24 (Actual)
Operating Income Rs. Cr. 66.39 38.69
PAT Rs. Cr. 0.43 0.44
PAT Margin (%) 0.65 1.13
Total Debt/Tangible Net Worth Times 1.32 0.40
PBDIT/Interest Times 2.59 4.08
Status of non-cooperation with previous CRA (if applicable)
­Not Applicable
 
Any other information
­None
 
Applicable Criteria
• Default Recognition :- https://www.acuite.in/view-rating-criteria-52.htm
• Service Sector: https://www.acuite.in/view-rating-criteria-50.htm
• Application Of Financial Ratios And Adjustments: https://www.acuite.in/view-rating-criteria-53.htm

Note on complexity levels of the rated instrument

Date Name of Instruments/Facilities Term Amount (Rs. Cr) Rating/Outlook
31 Oct 2024 Proposed Non Convertible Debentures Long Term 1.25 ACUITE BB- | Stable (Assigned)
­

Lender’s Name ISIN Facilities Date Of Issuance Coupon Rate Maturity Date Quantum
(Rs. Cr.)
Complexity Level Rating
Not Applicable Not avl. / Not appl. Proposed Non Convertible Debentures Not avl. / Not appl. Not avl. / Not appl. Not avl. / Not appl. 1.25 Simple Not Applicable|Withdrawn
­

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