ACUITE Not Applicable | Withdrawn | Issuer not co-operating*
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Bank Loan Ratings
50.00
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ACUITE Not Applicable | Withdrawn | Issuer not co-operating*
Total Outstanding
0.00
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Total Withdrawn
60.00
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* 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Acuité has withdrawn its long-term and short-term rating on Rs. 15.00 Cr.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 The rating is being withdrawn on account of request received from the issuer and No Dues Certificate received from the lender.
Further, Acuité has also withdrawn its long-term and short-term rating on the Rs. 45.00 Cr.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 The rating is being withdrawn on account of request received from the firm.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.