Product Quantum (Rs. Cr) Long Term Rating Short Term Rating
Bank Loan Ratings 6.50 - ACUITE A4 | Reaffirmed | Issuer not co-operating*
Total Outstanding Quantum (Rs. Cr) 6.50 - -
 
Rating Rationale

­Acuité has reaffirmed the short term rating of ‘ACUITE A4’ (read as ACUITE A four) on the Rs. 6.50 crore bank facilities of Kisha Telelinks Private Limited (Previously Name KGR Telelink Private Limited). The rating continues to be flagged as “Issuer Not Cooperating” and is based on the best available information.


About the Company

Kisha Telelinks Private Limited (Previously Name KGR Telelink Private Limited) incorporated in 2004 is a Mumbai based company engaged in trading of mobile handsets and accessories. The company exports mobile handsets and accessories to Dubai and Hong Kong. Further, Kisha Telelinks Private Limited is also engaged as a distributor of Micromax, Vivo and Reliance Jio handsets in Goa. Its directors are Mr. Kailash Prakash Karamchandani, Ms. Bharti Prakash Karamchandani and Ms. Rhea Kailash Karamchandani.

 
Non-cooperation by the issuer/borrower:

­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 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.

 
Limitation regarding information availability:

­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.

 
Rating Sensitivity

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

 
All Covenants

­Not Applicable

 
Liquidity Position

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

 
Outlook

­Not Applicable

 
Other Factors affecting Rating

­Not Applicable

 

Particulars Unit FY 22 (Actual) FY 21 (Actual)
Operating Income Rs. Cr. 107.75 97.40
PAT Rs. Cr. 1.13 1.00
PAT Margin (%) 1.05 1.03
Total Debt/Tangible Net Worth Times 3.42 4.45
PBDIT/Interest Times 1.63 1.63
Status of non-cooperation with previous CRA

­Not Applicable

 
Any other information

None

 
Applicable Criteria
• Trading Entities: https://www.acuite.in/view-rating-criteria-61.htm
• Default Recognition: https://www.acuite.in/view-rating-criteria-52.htm
• Application Of Financial Ratios And Adjustments: https://www.acuite.in/view-rating-criteria-53.htm

Note on Complexity Levels of the Rated Instrument

­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.

 

Date Name of Instruments/Facilities Term Amount (Rs. Cr) Rating/Outlook
22 Aug 2022 Bank Guarantee Short Term 2.50 ACUITE A4 ( Issuer not co-operating*)
Packing Credit Short Term 4.00 ACUITE A4 ( Issuer not co-operating*)
24 May 2021 Bank Guarantee Short Term 2.50 ACUITE A4 (Issuer not co-operating*)
Packing Credit Short Term 4.00 ACUITE A4 (Issuer not co-operating*)
02 Mar 2020 Packing Credit Short Term 4.00 ACUITE A4 (Issuer not co-operating*)
Bank Guarantee Short Term 2.50 ACUITE A4 (Issuer not co-operating*)
­

Lender’s Name ISIN Facilities Date Of Issuance Coupon Rate Maturity Date Quantum (Rs. Cr.) Complexity Level Rating
Union Bank of India Not Applicable Bank Guarantee/Letter of Guarantee Not Applicable Not Applicable Not Applicable 2.50 Simple ACUITE A4 | Reaffirmed | Issuer not co-operating*
Union Bank of India Not Applicable PC/PCFC Not Applicable Not Applicable Not Applicable 4.00 Simple ACUITE A4 | Reaffirmed | Issuer not co-operating*

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