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Product | Quantum (Rs. Cr) | Long Term Rating | Short Term Rating |
Bank Loan Ratings | 11.00 | ACUITE D | Reaffirmed | Issuer not co-operating* | - |
Bank Loan Ratings | 11.00 | - | ACUITE D | Reaffirmed | Issuer not co-operating* |
Total Outstanding | 22.00 | - | - |
Total Withdrawn | 0.00 | - | - |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 D' (read as ACUITE D)’ and short term rating of ‘ACUITE D' (read as ACUITE D)’ on the Rs.22.00 crore bank facilities of B N Sons (BNS). The rating continues to be flagged as “Issuer Not Cooperating” and is based on the best available information. |
About the Company |
Jaipur based B N Sons (BNS) was established 1985, by Mr. Mayank Somani and Mr. Madan Mohan Somani. The firm is engaged in the business of manufacturing of sodium silicate and trading of iron ore and scrap since inception. |
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 |
About the Rated Entity - Key Financials |
The rated entity has not shared the latest financial statements despite repeated requests. |
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 |
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 • Trading Entities: https://www.acuite.in/view-rating-criteria-61.htm • Default Recognition: https://www.acuite.in/view-rating-criteria-52.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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