­Inwin Food Processor Private Limited (Erstwhile Kavish Infrastructure Private Limited) is a Kolkata based company, incorporated in the year 2007. Mr. Rohit Kayan, Mrs. Urmila Kayan, Mrs. Jailaxmi Sharma and Ms. Upasana Ghosh are directors in the company. Inwin Food Processor Private Limited (Erstwhile Kavish Infrastructure Private Limited) is venturing into a green field project to set up a manufacturing unit of fish feeds with an installed capacity of 30,000 TPA. The commercial operation is expected to commence from February 2022. The unit is located in Barauni Industrial Area developed by Bihar Government so all the major facilities required for industries are available. The total project outlay is around Rs.13.40 Cr and is expected to be funded through a term loan of Rs.9.00 Cr and the remaining through promoter’s contribution.

­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 noncooperation by the issuer along with an 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.

­The rating is based on information available from sources other than the issuer/borrower (in the absence of information provided by the issuer/borrower). Acuité endeavored to gather information about the entity/industry from the public domain. Therefore, Acuité cautions lenders and investors regarding the use of such information, on which the indicative credit rating is based.

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

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

­Not Applicable

­None

­Not Applicable

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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.