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| Product | Quantum (Rs. Cr) | Long Term Rating | Short Term Rating |
| Bank Loan Ratings | 15.72 | Not Applicable | Withdrawn | - |
| Bank Loan Ratings | 0.78 | - | Not Applicable | Withdrawn |
| Total Outstanding | 0.00 | - | - |
| Total Withdrawn | 16.50 | - | - |
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Rating Rationale |
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Acuite has withdrawn its long-term rating on the Rs.15.72 Cr. bank facilities without assigning any rating of Genisys Information Systems India Private Limited (GISIPL).
Acuite has withdrawn its short-term rating on the Rs.0.78 Cr. bank facilities without assigning any rating of Genisys Information Systems India Private Limited (GISIPL). The rating withdrawal is in accordance with Acuite’s policy on withdrawal of ratings as applicable to the respective instrument/facility. The rating is being withdrawn on the account of request received from the Company and No Dues Certificate received from the banker. |
| About the Company |
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Pune based established as a proprietorship concern in 1985, Genisys Information Systems India Private Limited (GISIPL), part of the Genisys group, was reconstituted as a private limited company in 2005. Promoted by Mr. Ashokumar J. Rabheru and Mrs. Harshida A. Rabheru, the company is engaged in providing software services, consulting and business process outsourcing (BPO). The other group companies include Genisys Software Limited (UK) and Genisys Software Limited (USA).
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| 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. | 105.53 | 79.52 |
| PAT | Rs. Cr. | 7.22 | 6.29 |
| PAT Margin | (%) | 6.84 | 7.91 |
| Total Debt/Tangible Net Worth | Times | 0.00 | 0.14 |
| PBDIT/Interest | Times | 23.65 | 19.78 |
| Status of non-cooperation with previous CRA (if applicable) |
| Not Applicable |
| Any other information |
| None |
| Applicable Criteria |
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• Default Recognition :- https://www.acuite.in/view-rating-criteria-52.htm • Service Sector: https://www.acuite.in/view-rating-criteria-50.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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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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