­Assam based; BN Infraprojects LLP was incorporated in the year 2017 to undertake civil construction works. Mr. Babul Nath and his wife Mrs. Sharmistha Nath are the partners in the firm. Initially this firm used to execute orders received as subcontract from M/s Babul Nath to build credentials to bid for new orders. In the current year, the firm has started receiving orders through tenders and is involved in sub-contracting too.

­Established in 1996, Babul Nath (BN) is a proprietorship firm and is a registered Class IA contractor. BN undertakes contracts for constructing roads and bridges for the Public Works Department (PWD), PWD (Buildings), Water Resources Department and Irrigation Department of the Government of Assam. The firm generally procures raw materials locally from the location of the project to be executed.

­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 noncooperation by the issuer along with an 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.