Press Release MAA BHAWANI COMPONENTS AND FABRICATION PRIVATE LIMITED April 11, 2023 Rating Withdrawn

Product	Quantum (Rs. Cr)	Long Term Rating	Short Term Rating
Bank Loan Ratings	13.00	Not Applicable | Withdrawn	-
Total Outstanding Quantum (Rs. Cr)	0.00	-	-
Total Withdrawn Quantum (Rs. Cr)	13.00	-	-

Rating Rationale

­­Acuité has withdrawn the rating on the Rs 13.00 crore bank facilities of Maa Bhawani Components And Fabrication Private Limited. The rating is being withdrawn on account of request received from the company and No Due Certificate received from the banker on Acuite's policy of withdrawal of ratings

About the Company

­Jharkhand based, Maa Bhawani Components and Fabrication Private Limited (MCPL) incorporated in 2005. Maa Bhawani Components and Fabrication Private Limited (MCPL) is engaged in precision machining of various components for automotive and construction industries and also fabrication and assembly jobs. Current directors of MCPL are Mrs. Binita Singh and Mr. Ajay Singh.

Analytical Approach

­Not Applicable

Key Rating Drivers

Strengths

­­Not Applicable

Weaknesses

­­Not Applicable

Rating Sensitivities

­­Not Applicable

Material covenants

­­Not Applicable

Liquidity Position

­­Not Applicable

Outlook:

­ ­Not Applicable

Other Factors affecting Rating

­None

About the Rated Entity - Key Financials

­Not Applicable

Status of non-cooperation with previous CRA (if applicable)

­­Not Applicable

Any other information

­Acuite is yet to recieve the latest No Default Statement despite repeated requests and followups.

Applicable Criteria

• Default Recognition :- https://www.acuite.in/view-rating-criteria-52.htm • Manufacturing Entities: https://www.acuite.in/view-rating-criteria-59.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.

Rating History

Date Name of Instruments/Facilities Term Amount (Rs. Cr) Rating/Outlook 20 Jan 2023 Proposed Cash Credit Long Term 3.00 ACUITE B- ( Issuer not co-operating*) Term Loan Long Term 0.97 ACUITE B- ( Issuer not co-operating*) Proposed Bank Facility Long Term 1.03 ACUITE B- ( Issuer not co-operating*) Proposed Long Term Loan Long Term 8.00 ACUITE B- ( Issuer not co-operating*) 26 Oct 2021 Proposed Cash Credit Long Term 3.00 ACUITE B- ( Issuer not co-operating*) Term Loan Long Term 0.97 ACUITE B- ( Issuer not co-operating*) Proposed Long Term Loan Long Term 8.00 ACUITE B- ( Issuer not co-operating*) Proposed Bank Facility Long Term 1.03 ACUITE B- ( Issuer not co-operating*) 23 Jul 2020 Proposed Bank Facility Long Term 1.03 ACUITE B- (Downgraded and Issuer not co-operating*) Term Loan Long Term 0.97 ACUITE B- (Downgraded and Issuer not co-operating*) Proposed Cash Credit Long Term 3.00 ACUITE B- (Downgraded and Issuer not co-operating*) Proposed Long Term Loan Long Term 8.00 ACUITE B- (Downgraded and Issuer not co-operating*)

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Annexure - Details of instruments rated

Lender’s Name ISIN Facilities Date Of Issuance Coupon Rate Maturity Date Quantum (Rs. Cr.) Complexity Level Rating Not Applicable Not Applicable Proposed Cash Credit Not Applicable Not Applicable Not Applicable 3.00 Simple Not Applicable|Withdrawn Not Applicable Not Applicable Proposed Long Term Bank Facility Not Applicable Not Applicable Not Applicable 1.03 Simple Not Applicable|Withdrawn Not Applicable Not Applicable Proposed Long Term Loan Not Applicable Not Applicable Not Applicable 8.00 Simple Not Applicable|Withdrawn Small Industries Development Bank of India Not Applicable Term Loan Not available Not available Not available 0.97 Simple Not Applicable|Withdrawn

Contacts

Analytical	Rating Desk
Aditya Gupta Vice President-Rating Operations Tel: 022-49294041 aditya.gupta@acuite.in Radhika Kolwankar Analyst-Rating Operations Tel: 022-49294065 radhika.kolwankar@acuite.in	Varsha Bist Senior Manager-Rating Operations Tel: 022-49294011 rating.desk@acuite.in

About Acuité Ratings & Research

Acuité is a full-service Credit Rating Agency registered with the Securities & Exchange Board of India (SEBI). The company received RBI Accreditation as an External Credit Assessment Institution (ECAI) for Bank Loan Ratings under BASEL-II norms in the year 2012. Acuité has assigned ratings to various securities, debt instruments and bank facilities of entities spread across the country and across a wide cross section of industries. It has its Registered and Head Office in Kanjurmarg, Mumbai. Disclaimer: An Acuité rating does not constitute an audit of the rated entity and should not be treated as a recommendation or opinion that is intended to substitute for a financial adviser's or investor's independent assessment of whether to buy, sell or hold any security. Ratings assigned by Acuité are based on the data and information provided by the issuer and obtained from other reliable sources. Although reasonable care has been taken to ensure that the data and information is true, Acuité, in particular, makes no representation or warranty, expressed or implied with respect to the adequacy, accuracy or completeness of the information relied upon. Acuité is not responsible for any errors or omissions and especially states that it has no financial liability whatsoever for any direct, indirect or consequential loss of any kind, arising from the use of its ratings. Ratings assigned by Acuité are subject to a process of surveillance which may lead to a revision in ratings as and when the circumstances so warrant. Please visit our website (www.acuite.in) for the latest information on any instrument rated by Acuité.