* 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
Acuite has reaffirmed the long term rating of ‘ACUITE C’ (read as ACUITE C) and the short term rating of ‘ACUITE A4’ (read as ACUITE A four) on the Rs.122.00 Cr. bank facilities of Pochampad Construction Company Private Limited (PCCPL). The rating continues to be flagged as “Issuer Not-Cooperating” and is based on the best available information.
About the Company
Pochampad Construction Company Private Limited (PCCPL) was established in 1992 as a proprietory concern by Mr. Rajendra Rao. The proprietorship was later converted to a Partnership firm in the year 2003 and was subsequently converted to a Private Ltd Company in the year 2004. The promoters have long experience in execution of infrastructure projects as Class-1 contractor in Hyderabad. PCCPL is engaged in niche area of undertaking water projects like construction of intake wells, and make up water system, lying of pipes, etc. The firm undertakes contracts from government. Directors of Pochampad Construction Company Private Limited are Ranga Rao Meneni, Rajender Rao Velchala, Rekha Velchala.
Unsupported Rating
Not Applicable
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 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 Sensitivity
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 C
(Downgraded & Issuer not co-operating* from ACUITE B)
Cash Credit
Long Term
1.00
ACUITE C
(Downgraded & Issuer not co-operating* from ACUITE B)
Cash Credit
Long Term
1.00
ACUITE C
(Downgraded & Issuer not co-operating* from ACUITE B)
02 Dec 2024
Bank Guarantee (BLR)
Short Term
28.00
ACUITE A4
(Reaffirmed & Issuer not co-operating*)
Bank Guarantee (BLR)
Short Term
10.00
ACUITE A4
(Reaffirmed & Issuer not co-operating*)
Proposed Bank Guarantee
Short Term
64.90
ACUITE A4
(Reaffirmed & Issuer not co-operating*)
Bank Guarantee (BLR)
Short Term
8.10
ACUITE A4
(Reaffirmed & Issuer not co-operating*)
Cash Credit
Long Term
9.00
ACUITE B
(Downgraded & Issuer not co-operating* from ACUITE B+)
Cash Credit
Long Term
1.00
ACUITE B
(Downgraded & Issuer not co-operating* from ACUITE B+)
Cash Credit
Long Term
1.00
ACUITE B
(Downgraded & Issuer not co-operating* from ACUITE B+)
07 Sep 2023
Bank Guarantee (BLR)
Short Term
28.00
ACUITE A4
(Reaffirmed & Issuer not co-operating*)
Bank Guarantee (BLR)
Short Term
10.00
ACUITE A4
(Reaffirmed & Issuer not co-operating*)
Proposed Bank Guarantee
Short Term
64.90
ACUITE A4
(Reaffirmed & Issuer not co-operating*)
Bank Guarantee (BLR)
Short Term
8.10
ACUITE A4
(Reaffirmed & Issuer not co-operating*)
Cash Credit
Long Term
1.00
ACUITE B+
(Reaffirmed & Issuer not co-operating*)
Cash Credit
Long Term
1.00
ACUITE B+
(Reaffirmed & Issuer not co-operating*)
Cash Credit
Long Term
9.00
ACUITE B+
(Reaffirmed & Issuer not co-operating*)
* The issuer did not co-operate; based on best available information.
Lender’s Name
ISIN
Facilities
Listing Status
Regulated By
Date Of Issuance
Coupon Rate
Maturity Date
Quantum (Rs. Cr.)
Complexity Level
Rating
ICICI BANK LIMITED
Not avl. / Not appl.
Bank Guarantee (BLR)
Unlisted
RBI
Not avl. / Not appl.
Not avl. / Not appl.
Not avl. / Not appl.
28.00
Simple
ACUITE A4 | Reaffirmed | Issuer not co-operating*
KOTAK MAHINDRA BANK LIMITED
Not avl. / Not appl.
Bank Guarantee (BLR)
Unlisted
RBI
Not avl. / Not appl.
Not avl. / Not appl.
Not avl. / Not appl.
10.00
Simple
ACUITE A4 | Reaffirmed | Issuer not co-operating*
H D F C Bank Limited
Not avl. / Not appl.
Bank Guarantee (BLR)
Unlisted
RBI
Not avl. / Not appl.
Not avl. / Not appl.
Not avl. / Not appl.
8.10
Simple
ACUITE A4 | Reaffirmed | Issuer not co-operating*
H D F C Bank Limited
Not avl. / Not appl.
Cash Credit
Unlisted
RBI
Not avl. / Not appl.
Not avl. / Not appl.
Not avl. / Not appl.
9.00
Simple
ACUITE C | Reaffirmed | Issuer not co-operating*
ICICI BANK LIMITED
Not avl. / Not appl.
Cash Credit
Unlisted
RBI
Not avl. / Not appl.
Not avl. / Not appl.
Not avl. / Not appl.
1.00
Simple
ACUITE C | Reaffirmed | Issuer not co-operating*
KOTAK MAHINDRA BANK LIMITED
Not avl. / Not appl.
Cash Credit
Unlisted
RBI
Not avl. / Not appl.
Not avl. / Not appl.
Not avl. / Not appl.
1.00
Simple
ACUITE C | Reaffirmed | Issuer not co-operating*
Not Applicable
Not avl. / Not appl.
Proposed Bank Guarantee
Unlisted
RBI
Not avl. / Not appl.
Not avl. / Not appl.
Not avl. / Not appl.
64.90
Simple
ACUITE A4 | Reaffirmed | Issuer not co-operating*
* 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.
