|
|
| Product | Quantum (Rs. Cr) | Long Term Rating | Short Term Rating |
| Bank Loan Ratings | 20.00 | Not Applicable | Withdrawn | - |
| Total Outstanding Quantum (Rs. Cr) | 0.00 | - | - |
| Total Withdrawn Quantum (Rs. Cr) | 20.00 | - | - |
| Rating Rationale |
|
Acuité has withdrawn the rating on the Rs. 20.00 crore bank facilities of Oneworld Corporation Private Limited (OCPL). The rating has been withdrawn on Acuite's policy of withdrawal of ratings. The rating has been withdrawn on account of the request received from the company, and the NDC received from the banker. Since the loan availed by the company has been repaid, the rating has been withdrawn. |
| About the Company |
|
The Delhi based OCPL, established in 1999, by Mr. Amit Gupta, is an importer, manufacturer and exporter of sandalwood oil, spices and perfumes. |
| 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 |
|
Not Applicable |
| About the Rated Entity - Key Financials |
| The rated entity has not shared the latest financial statements for Acuite to comment. |
| Status of non-cooperation with previous CRA (if applicable) |
|
None |
| Any other information |
| Acuite is yet to receive the latest No Default Statement from the rated entity 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 • Trading Entitie: https://www.acuite.in/view-rating-criteria-61.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 please refer Rating Criteria “Complexity Level Of Financial Instruments” on www.acuite.in.
|
|
|
|
|
|
|||||||||||||||||||||||||||
|
|
Contacts |
| Analytical | Rating Desk |
| About Acuité Ratings & Research |
