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Product | Quantum (Rs. Cr) | Long Term Rating | Short Term Rating |
Bank Loan Ratings | 8.50 | ACUITE B- | Reaffirmed | Issuer not co-operating* | - |
Total Outstanding | 8.50 | - | - |
Total Withdrawn | 0.00 | - | - |
* The issuer did not co-operate; based on best available information. |
Rating Rationale |
Acuité has reaffirmed the long-term rating of ‘ACUITE B-’ (read as ACUITE B minus) on the Rs. 8.50 crore bank facilities of B B International. The rating continues to be flagged as “Issuer Not Cooperating” and is based on the best available information. |
About the Company |
Karnal based, B B International is a partnership firm that was incorporated in 1997 and is currently being managed by Mr. Devender Mittal and Mr. Praveen Mittal. The partners have an experience of around two decades in rice milling industry. The firm is engaged in milling of rice (basmati). The firm is also engaged in job work for other companies. The firm has installed capacity of 8- 10 tonnes per hour. |
Unsupported Rating |
Not Applicable |
Non-cooperation by the issuer/borrower: |
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. |
Limitation regarding information availability |
Rating Sensitivity |
"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." |
Outlook |
Not Applicable |
Other Factors affecting Rating |
None |
Particulars | Unit | FY 16 (Actual) | FY 15 (Actual) |
Operating Income | Rs. Cr. | 8.10 | 5.45 |
PAT | Rs. Cr. | 0.12 | 0.10 |
PAT Margin | (%) | 1.45 | 1.91 |
Total Debt/Tangible Net Worth | Times | 1.85 | 2.48 |
PBDIT/Interest | Times | 2.34 | 2.85 |
Status of non-cooperation with previous CRA |
Not Applicable |
Any other information |
None |
Applicable Criteria |
• Manufacturing Entities: https://www.acuite.in/view-rating-criteria-59.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 |
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* The issuer did not co-operate; based on best available information. |
Disclosure of list of non-cooperative issuers |
• Listed :- https://www.acuite.in/Non-Cooperative_Issuer_Listed.php • Unlisted :- https://www.acuite.in/Non-Cooperative_Issuer_Unlisted.php |
Contacts |
About Acuité Ratings & Research |
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