Acuité has withdrawn the rating on the Rs.34.00 crore bank facilities of Kumar Tools And Stampings. The rating is being withdrawn on account of request received from the company and NDC received from the banker on Acuite's policy of withdrawal of ratings.
About the Company
Pune-based Kumar Tools and Stampings was incorporated in 2007 and is the manufacturer and exporter of jigs, fixtures, press tools and other metal components, including textile machine parts and industrial hinges. The sole proprietor of the firm, Kumar Tools & Stampings, is Mr. Rajkumar Samutrapande Nadar. The end user of the products is the auto industry. The firm has two facilities: one in Pune and one in Chennai.
Analytical Approach
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Key Rating Drivers
Strengths
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Weaknesses
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Rating Sensitivities
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Material covenants
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Liquidity Position
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Outlook
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Key Financials
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Status of non-cooperation with previous CRA (if applicable)
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.
