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Product | Quantum (Rs. Cr) | Long Term Rating | Short Term Rating |
Bank Loan Ratings | 5.00 | ACUITE B- | Downgraded | Issuer not co-operating* | - |
Bank Loan Ratings | 5.00 | - | ACUITE A4 | Reaffirmed | Issuer not co-operating* |
Total Outstanding | 10.00 | - | - |
Total Withdrawn | 0.00 | - | - |
* The issuer did not co-operate; based on best available information. |
Rating Rationale |
Acuité has downgraded the long-term rating to ‘ACUITE B-’ (read as ACUITE B minus) from 'ACUITE B' (read as ACUITE B) and reaffirmed the short term rating of ‘ACUITE A4’ (read as ACUITE A four) on the Rs.10.00 Cr. bank facilities of Revmax Telecomm Infrastructures Private Limited (RTPL) on account of information risk. The rating continues to be flagged as “Issuer Not-Cooperating” and is based on the best available information. |
About the Company |
Revmax Telecomm Infrastructures Private Limited (RTIPL), based at Mumbai, was incorporated in 2004 by Mr. Kaustubh Hirachand Butala. The company is engaged in the business of electronic surveillance systems. These include CCTV, fire alarm systems, access control and intrusion detection systems. The company owns a fully functional OFC (Optical Fiber Communication) network in Mumbai Metropolitan Region (MMR). |
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. |
Limitation regarding information availability |
Rating Sensitivity |
"No information provided by the issuer / available for Acuite to comment upon." |
Liquidity Position |
"No information provided by the issuer / available for Acuite to comment upon." |
Outlook |
Not Applicable |
Other Factors affecting Rating |
None |
Particulars | Unit | FY 24 (Actual) | FY 23 (Actual) |
Operating Income | Rs. Cr. | 9.28 | 9.31 |
PAT | Rs. Cr. | 0.31 | 0.67 |
PAT Margin | (%) | 3.35 | 7.16 |
Total Debt/Tangible Net Worth | Times | 0.59 | 0.47 |
PBDIT/Interest | Times | 5.56 | 5.91 |
Status of non-cooperation with previous CRA |
Not Applicable |
Any other information |
None |
Applicable Criteria |
• Service Sector: https://www.acuite.in/view-rating-criteria-50.htm • Default Recognition: https://www.acuite.in/view-rating-criteria-52.htm • Application Of Financial Ratios And Adjustments: https://www.acuite.in/view-rating-criteria-53.htm |
Note on complexity levels of the rated instrument |
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* The issuer did not co-operate; based on best available information. |
Contacts |
About Acuité Ratings & Research |
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