* The issuer did not co-operate; based on best available information.
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
Acuité has downgraded its long-term rating to 'ACUITE B' (read as ACUITE B) from 'ACUITE B+' (read as ACUITE B Plus) and reaffirmed the short-term rating of 'ACUITE A4' (read as ACUITE A Four) on the Rs. 30.50 crore bank facilities of Bharati Foods Private Limited (BFPL).
The rating is now flagged as “Issuer Not-Cooperating” on account of information risk and is based on the best available information. The rating has been downgraded on account of information risk and the company has not provided latest No Default Statement (NDS) for last 3 months consecutively ended May 2026.
About the Company
Incorporated in 2014, Bharati Foods Private Limitedis engaged inraising poultry and production of eggs. The location of the poultry farming is Bankura, West Bengal. The directors of the company are Mr Bablu Kundu and Mr Dinabondhu Kundu.
About the Group
Bharati Poultry Private Limited
Bharati Poultry Private Limited is incorporated in 2003. It is involved in raising poultry, production of eggs and production of animal products like poultry feed, packing trays. The location for poultry farming is Bankura, West Bengal. The directors of the company are Mr Bablu Kundu and Mr Dinabondhu Kundu.
Bharati International Private Limited
Bharati International Private Limited is incorporated in 2010. It Is involved in activities producing and selling eggs. The location for poultry farming is Bankura, West Bengal. The directors of the company are Mr Bablu Kundu and Mr Dinabondhu Kundu.
Unsupported Rating
Not Applicable
Non-cooperation by the issuer/borrower
Acuité has been requesting for No Default Statements (NDS); however, despite multiple requests; the Company’s management has remained non-cooperative and not submitted the NDS for the preceding 03 consecutive months. Acuité believes that information risk is a critical component in such ratings, and noncooperation 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.
Limitation regarding information availability
Rating Sensitivities
Potential triggers (individual or collective) for an upward rating action:
No information provided by the issuer / available for Acuite to comment upon.
Potential triggers (individual or collective) for a downward rating action:
No information provided by the issuer / available for Acuite to comment upon.
Liquidity Position
No information provided by the issuer / available for Acuite to comment upon.
ACUITE B | Downgraded | Issuer not co-operating* ( from ACUITE B+ )
Canara Bank
Not avl. / Not appl.
Term Loan
Unlisted
RBI
27 Dec 2024
Not avl. / Not appl.
30 Sep 2032
25.00
Simple
ACUITE B | Downgraded | Issuer not co-operating* ( from ACUITE B+ )
* The issuer did not co-operate; based on best available information.
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.
*Annexure 2 - List of Entities (applicable for Consolidation or Parent / Group / Govt. Support)
