ACUITE B+ | Downgraded & Withdrawn | Issuer not co-operating*
-
RBI
Bank Loan Ratings
0.00
127.00
-
ACUITE A4 | Reaffirmed & Withdrawn | Issuer not co-operating*
RBI
Total Outstanding
0.00
0.00
-
-
-
Total Withdrawn
0.00
177.00
-
-
-
* The issuer did not co-operate; based on best available information.
Note:- For activities or ratings of instruments falling under the purview of Financial Sector Regulators other than SEBI, the grievance / dispute redressal mechanisms and investor protection mechanisms provided by SEBI shall not be available.
Rating Rationale
Acuité has downgraded and withdrawn its long-term rating to ‘ACUITE B+’ (read as ACUITE B Plus) from ‘ACUITE BB-’ (read as ACUITE Double B minus) on the Rs.50.00 Cr. bank facilities and reaffirmed and withdrawn its short-term rating of ‘ACUITE A4’ (read as ACUITE A Four) on the Rs.127.00 Cr. bank facilities of Lucky Global Projects Private Limited (LGPPL). The rating has been withdrawn on account of the request received from the issuer and the NOC (No Objection Certificate) received from the lender.
The rating has been withdrawn as per Acuite's policy of withdrawal of ratings as applicable to the respective instrument/facility.
The rating is now being flagged as “Issuer Not Cooperating” and is based on the best available information. The rating has been downgraded on account of information risk and non submission of NDS for the last 03 months ended September 2026.
About the Company
Incorporated in 2021, Lucky Global Projects Private Limited (LGPPL) is engaged in Engaged in Engineering, Procurement and Construction (EPC). The company is based in Delhi and offers a wide range of projects from Concept to Commissioning for Greenfield and Modernization / Conversion / Expansion / Rehabilitation, in the following fields - Power, Industry, Agriculture, Education, Infrastructure, Healthcare etc. The company operations are ISO certified, extending across Africa, Southeast Asia, and India. Mr. Vinay Kumar Singh, Mr. Diwakar Mishra and Mr. Aashish Oberai are the present directors of the company.
Unsupported Rating
Not Applicable
Non-cooperation by the issuer/borrower
Acuité has been requesting for No Default Statements (NDS); however, despite multiple requests; the Company’s management has remained non-cooperative and not submitted the NDS for the preceding 03 consecutive months. 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 is therefore being flagged as “Issuer not-cooperating”, in line with prevailing SEBI regulations and Acuité’s policies.
Limitation regarding information availability
Rating Sensitivities
Potential triggers (individual or collective) for an upward rating action:
Not Applicable
Potential triggers (individual or collective) for a downward rating action:
Not Applicable
Liquidity Position
No information provided by the issuer / available for Acuite to comment upon
ACUITE A4 | Reaffirmed & Withdrawn | Issuer not co-operating*
YES BANK LIMITED
Not avl. / Not appl.
Bank Guarantee (BLR)
Unlisted
RBI
Not avl. / Not appl.
Not avl. / Not appl.
Not avl. / Not appl.
22.00
Simple
ACUITE A4 | Reaffirmed & Withdrawn | Issuer not co-operating*
Canara Bank
Not avl. / Not appl.
Letter of Credit
Unlisted
RBI
Not avl. / Not appl.
Not avl. / Not appl.
Not avl. / Not appl.
25.00
Simple
ACUITE A4 | Reaffirmed & Withdrawn | Issuer not co-operating*
Canara Bank
Not avl. / Not appl.
PC/PCFC
Unlisted
RBI
Not avl. / Not appl.
Not avl. / Not appl.
Not avl. / Not appl.
42.00
Simple
ACUITE B+ | Downgraded & Withdrawn | Issuer not co-operating* ( from ACUITE BB- )
YES BANK LIMITED
Not avl. / Not appl.
PC/PCFC
Unlisted
RBI
Not avl. / Not appl.
Not avl. / Not appl.
Not avl. / Not appl.
8.00
Simple
ACUITE B+ | Downgraded & Withdrawn | Issuer not co-operating* ( from ACUITE BB- )
* The issuer did not co-operate; based on best available information.
Note:- For activities or ratings of instruments falling under the purview of Financial Sector Regulators other than SEBI, the grievance / dispute redressal mechanisms and investor protection mechanisms provided by SEBI shall not be available.
