* 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 short-term rating of ‘ACUITE D’ (read as ACUITE D) on the Rs.7.00 crore bank facilities of RPV Exports Private Limited. The rating continues to be flagged as “Issuer Not-Cooperating” and is based on the best available information.
About the Company
RPV Exports Private Limited was established in 2012 by Mr. Rama Shankar Choubey and his wife, Mrs. Sunita Choubey. The company, a one star export house, is engaged in the manufacturing of readymade garments for children and exports the same to Saudi Arab and UAE. Mr. Choubey has been in the business since 1994 in Kolkata. Also, a new company, RPV Apparels Private Limited has been established to cater to the domestic market.
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 D
(Downgraded & Issuer not co-operating* from ACUITE A4)
Bills Discounting
Short Term
3.00
ACUITE D
(Downgraded & Issuer not co-operating* from ACUITE A4)
Proposed Short Term Bank Facility
Short Term
2.00
ACUITE D
(Downgraded & Issuer not co-operating* from ACUITE A4)
26 Feb 2024
Bills Discounting
Short Term
3.00
ACUITE A4
(Reaffirmed & Issuer not co-operating*)
PC/PCFC
Short Term
2.00
ACUITE A4
(Reaffirmed & Issuer not co-operating*)
Proposed Short Term Bank Facility
Short Term
2.00
ACUITE A4
(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
Canara Bank
Not avl. / Not appl.
Bills Discounting
Unlisted
RBI
Not avl. / Not appl.
Not avl. / Not appl.
Not avl. / Not appl.
3.00
Simple
ACUITE D | Reaffirmed | Issuer not co-operating*
Canara Bank
Not avl. / Not appl.
PC/PCFC
Unlisted
RBI
Not avl. / Not appl.
Not avl. / Not appl.
Not avl. / Not appl.
2.00
Simple
ACUITE D | Reaffirmed | Issuer not co-operating*
Not Applicable
Not avl. / Not appl.
Proposed Short Term Bank Facility
Unlisted
RBI
Not avl. / Not appl.
Not avl. / Not appl.
Not avl. / Not appl.
2.00
Simple
ACUITE D | 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.
