Acuité has withdrawn its long-term bank loan facility on the Rs.22.45 Cr. of Rawalwasia Yarn Dyeing Private Limited (RYDPL) without assigning any rating as the instrument is fully repaid. The rating is being withdrawn on account of the request received from the company and No Due Certificate received from the banker.
Further, Acuité has withdrawn the proposed long-term rating on the Rs. 0.55 crore bank facilities of Rawalwasia Yarn Dyeing Private Limited (RYDPL). The rating is being withdrawn on account of request received from the company.
The rating withdrawal is in accordance with Acuité's policy on withdrawal of rating as applicable to the respective facility / instrument.
About the Company
Incorporated in 1987, Rawalwasia Yarn Dyeing Private Limited (RYDPL) is a Surat based company promoted by Mr. Sumit Agarwal and Mr. Banwarlal Anwala. RYDPL is engaged in manufacturing of texturized polyester yarn from partial oriented yarn and knitted fabric with its manufacturing facility located in Daman and Pipodara (Gujarat). Additionally, the company is also engaged in trading of imported coal.
Unsupported Rating
Not Applicable
Analytical Approach
Not Applicable
Key Rating Drivers
Strengths
Not Applicable
Weaknesses
Not Applicable
Rating Sensitivities
Not Applicable
Liquidity Position
Not Applicable
Outlook: Not Applicable
Other Factors affecting Rating
None
Particulars
Unit
FY 24 (Actual)
FY 23 (Actual)
Operating Income
Rs. Cr.
159.88
149.04
PAT
Rs. Cr.
5.84
4.25
PAT Margin
(%)
3.65
2.85
Total Debt/Tangible Net Worth
Times
0.78
0.93
PBDIT/Interest
Times
4.12
4.28
Status of non-cooperation with previous CRA (if applicable)
