­Karnataka-based, Jagadish Feeds And Farms (JFF) was incorporated in 2003. It is a partnership firm engaged in poultry farming. The firm has capacity of rearing 15.60 lakh broiler birds. Out of these 30,000 are reared at own farms and the rest on contract farming - popularly known as integration farming. The firm has a hatchery to set around 40,000 hatchable eggs per week and capacity of producing 18000 tonnes per year of chick feed at Hasan taluka. The firm is led by Shri Jagadish, who has over 18 years of experience in poultry broiler farming, hatching and integration.

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 continues to be 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.

­The rated entity has not shared the latest financial statements despite repeated requests.

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

­None

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

­Not Applicable

­None

­Acuité is yet to receive the latest No Default Statement (NDS) from the rated entity, despite repeated requests and follow-ups.