Product Quantum (Rs. Cr) Long Term Rating Short Term Rating
Bank Loan Ratings 10.00 ACUITE Not Applicable | Withdrawn | Issuer not co-operating* -
Bank Loan Ratings 50.00 - ACUITE Not Applicable | Withdrawn | Issuer not co-operating*
Total Outstanding 0.00 - -
Total Withdrawn 60.00 - -
* The issuer did not co-operate; based on best available information.
 
Rating Rationale

Acuité has withdrawn its long-term and short-term rating on Rs. 15.00 Cr. bank facilities of Geokno India Private Limited (GIPL) without assigning any rating as the instrument is fully repaid. The rating is being withdrawn on account of request received from the issuer and No Dues Certificate received from the lender.
Further, Acuité has also withdrawn its long-term and short-term rating on the Rs. 45.00 Cr. bank facilities of Geokno India Private Limited (GIPL) without assigning any rating as it is a proposed facility. The rating is being withdrawn on account of request received from the firm.
The rating withdrawal is in accordance with Acuite’s policy on withdrawal of ratings as applicable to the respective facility / instrument. The rating is now flagged as “Issuer Not-Cooperating” and is based on the best information available.


About the Company

Incorporated in 2009, ­­Karnataka – Based, Geokno India Private Limited is engaged in providing light detection and ranging (LiDAR) based surveying solutions along with 3D modelling techniques for clients across industries. The founders of the company are Mr. Bharat Lohani and Mr. Balaji Nagarajan.

 
Unsupported Rating
­Not Applicable
 
Non-cooperation by the issuer/borrower

Acuité has been requesting for latest financials from the rated entity for conducting surveillance & review of the rating. However, the issuer/borrower failed to submit such information. This rating is, therefore, being flagged as “Issuer not-cooperating”, in line with prevailing SEBI regulations and Acuité’s policies.

 
Limitation regarding information availability
Rating Sensitivities

­No information provided by the issuer / available for Acuité to comment upon.

 
Liquidity Position

­­No information provided by the issuer / available for Acuité to comment upon.

 
Outlook: Not Applicable
­
 
Other Factors affecting Rating
­None
 

Particulars Unit FY 24 (Actual) FY 23 (Actual)
Operating Income Rs. Cr. 27.38 23.06
PAT Rs. Cr. 0.23 0.13
PAT Margin (%) 0.83 0.54
Total Debt/Tangible Net Worth Times 0.71 0.80
PBDIT/Interest Times 1.38 1.30
Status of non-cooperation with previous CRA
­Not Applicable
 
Any other information
­None
 
Applicable Criteria
• Application Of Financial Ratios And Adjustments: https://www.acuite.in/view-rating-criteria-53.htm
• Default Recognition: https://www.acuite.in/view-rating-criteria-52.htm
• Service Sector: https://www.acuite.in/view-rating-criteria-50.htm

Note on complexity levels of the rated instrument

Date Name of Instruments/Facilities Term Amount (Rs. Cr) Rating/Outlook
04 Oct 2024 Bank Guarantee (BLR) Short Term 11.00 ACUITE A4 (Assigned)
Proposed Bank Guarantee Short Term 39.00 ACUITE A4 (Assigned)
Cash Credit Long Term 4.00 ACUITE BB- | Stable (Assigned)
Proposed Cash Credit Long Term 6.00 ACUITE BB- | Stable (Assigned)
­

Lender’s Name ISIN Facilities Date Of Issuance Coupon Rate Maturity Date Quantum
(Rs. Cr.)
Complexity Level Rating
Union Bank of India Not avl. / Not appl. Bank Guarantee (BLR) Not avl. / Not appl. Not avl. / Not appl. Not avl. / Not appl. 11.00 Simple ACUITE Not Applicable | Withdrawn | Issuer not co-operating*
Union Bank of India Not avl. / Not appl. Cash Credit Not avl. / Not appl. Not avl. / Not appl. Not avl. / Not appl. 4.00 Simple ACUITE Not Applicable | Withdrawn | Issuer not co-operating*
Not Applicable Not avl. / Not appl. Proposed Bank Guarantee Not avl. / Not appl. Not avl. / Not appl. Not avl. / Not appl. 39.00 Simple ACUITE Not Applicable | Withdrawn | Issuer not co-operating*
Not Applicable Not avl. / Not appl. Proposed Cash Credit Not avl. / Not appl. Not avl. / Not appl. Not avl. / Not appl. 6.00 Simple ACUITE Not Applicable | Withdrawn | Issuer not co-operating*
* 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


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