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Product | Quantum (Rs. Cr) | Long Term Rating | Short Term Rating |
Bank Loan Ratings | 171.00 | Not Applicable | Withdrawn | - |
Total Outstanding | 0.00 | - | - |
Total Withdrawn | 171.00 | - | - |
Rating Rationale |
Acuite has withdrawn its long-term rating on Rs.171 Cr. bank facilities of Birla Sanskriti Trust(BST). The rating withdrawal is in accordance with Acuite’s policy on withdrawal of rating. The rating is being withdrawn on account of request received from the Company and No Dues Certificate received from the banker. |
About the Company |
Kolkata based, Birla Sanskriti Trust (BST), was formed in May 1957 and promoted by Late Mr. B. K. Birla. The trust is engaged in running educational institutions for more than six decades. It runs six schools in Kolkata namely Ashok Hall Girls Higher Secondary School, GD Birla Centre for Education, Mahadevi Birla Shishu Bihar, Little Gems Play School, Little Steps School, and Birla Gyan Mandir. Ms. Manjushree Khaitan, a key person in the B K Birla Group, is one of the Trustees, along with Mr. R P Pansari, Mr. Gautam Ganguly and Mr. Ravindra Singh Thapa. |
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 |
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Other Factors affecting Rating |
None |
Particulars | Unit | FY 23 (Actual) | FY 22 (Actual) |
Operating Income | Rs. Cr. | 137.18 | 94.77 |
PAT | Rs. Cr. | (8.37) | (7.53) |
PAT Margin | (%) | (6.10) | (7.95) |
Total Debt/Tangible Net Worth | Times | 5.22 | 4.31 |
PBDIT/Interest | Times | 0.70 | 0.75 |
Status of non-cooperation with previous CRA (if applicable) |
Not Applicable |
Any other information |
None |
Applicable Criteria |
• Service Sector: https://www.acuite.in/view-rating-criteria-50.htm • Default Recognition: https://www.acuite.in/view-rating-criteria-52.htm • Application Of Financial Ratios And Adjustments: https://www.acuite.in/view-rating-criteria-53.htm |
Note on complexity levels of the rated instrument |
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. |
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About Acuité Ratings & Research |
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