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| Product | Quantum (Rs. Cr) | Long Term Rating | Short Term Rating |
| Bank Loan Ratings | 14.29 | ACUITE B+ | Reaffirmed & Withdrawn | Issuer not co-operating* | - |
| Bank Loan Ratings | 7.71 | ACUITE Not Applicable | Withdrawn | Issuer not co-operating* | - |
| Total Outstanding | 0.00 | - | - |
| Total Withdrawn | 22.00 | - | - |
| * The issuer did not co-operate; based on best available information. | |||
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Rating Rationale |
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Acuité has reaffirmed and withdrawn the long-term rating of ‘ACUITE B+’ (read as ACUITE B plus) on the Rs. 14.29 crore bank facilities of Dattakala Shikshan Sanstha (DKSS). The rating is being withdrawn on account of request received from the issuer and NOC (No Objection Certificate) received from the banker.
Acuité has also withdrawn its long term bank facilites of Rs. 7.71 Cr. of Dattakala Shikshan Sanstha (DKSS) without assigning any rating as it is a proposed facility. The rating is being withdrawn on account of request received from the company. The rating withdrawal is in accordance with the Acuite’s policy on withdrawal of rating as applicable to the respective facility / instrument. The rating continues to be flagged as “Issuer Not-Cooperating” and is based on the best available information. |
| About the Company |
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Formed in 2006, Dattakala Shikshan Sanstha (DKSS) is a charitable trust that established with an object of imparting education. DKSS is located at Bhigwan in Maharashtra and has a 25 acre campus which houses all the institutes under the trust. The trust has total of 9 institutes which provide school education from nursery to 12th and technical courses like pharmacy, engineering and management. The trust is managed by Mr. Ramdas Zol who has over two decades of experience in the field of education.
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| Unsupported Rating |
| Not Applicable |
| Non-cooperation by the issuer/borrower: |
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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 non-cooperation 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.
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| Limitation regarding information availability |
Rating Sensitivity
| Potential triggers (individual or collective) for an upward rating action: |
| Not Applicable
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| Potential triggers (individual or collective) for a downward rating action: |
| Not Applicable
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| Liquidity Position |
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No information provided by the issuer / available for Acuite to comment upon
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| Outlook |
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Not Applicable
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| Other Factors affecting Rating |
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None
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| Particulars | Unit | FY 24 (Provisional) | FY 23 (Actual) |
| Operating Income | Rs. Cr. | 34.17 | 33.01 |
| PAT | Rs. Cr. | 0.19 | 0.23 |
| PAT Margin | (%) | 0.57 | 0.69 |
| Total Debt/Tangible Net Worth | Times | 1.79 | 1.91 |
| PBDIT/Interest | Times | 1.88 | 2.00 |
| Status of non-cooperation with previous CRA |
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Not Applicable
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| Any other information |
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None
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| Applicable Criteria |
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• 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 |
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| * The issuer did not co-operate; based on best available information. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Disclosure of list of non-cooperative issuers |
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• Listed :- https://www.acuite.in/Non-Cooperative_Issuer_Listed.php • Unlisted :- https://www.acuite.in/Non-Cooperative_Issuer_Unlisted.php |
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Contacts |
About Acuité Ratings & Research |
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