­R R Dyeing, was established in 2003, is a Tamil Nadu-based partnership concern engaged in the dyeing and printing of grey fabrics. The company is promoted by Mr. R. Ravi, Mr. R. Raju and Mr. R. Ramu. The firm derives 40 percent revenue from dyeing services provided to its group companies - R R Knitting & Sons and Fashion Knits.

­The R R Group is a Tamil Nadu-based group engaged in the manufacturing of knitted garments and dyeing and printing of grey cloth. The group consists of three firms viz. R R Dyeing (RRD), R R Knitting & Sons (RRKS) and Fashion Knits (FK) and exports majorly to Europe. R R Dyeing(RRD), established in 2003, is a Tamil Nadu-based partnership concern engaged in the dyeing and printing of grey fabrics. The company is promoted by Mr. R. Ravi, Mr. R. Raju and Mr. R. Ramu.The firm derives 40 percent revenue from dyeing services provided to its group companies - R R Knitting & Sons (RRKS)and Fashion Knits (FS). R R Knitting and Sons (RRKS), established in 2011, is a Tamil Nadu based partnership concern engaged in the manufacturing of knitted garments. The company is promoted by Mr. R. Ravi, Mr. R. Raju and Mr. R. Ramu who possess over two decades of experience in the textile industry. The firm purchases yarn and converts the same into grey cloth. The firm outsources its dyeing work to R R Dyeing, a group firm. Fashion Knits(FK), established in 1991, promoted by Mr. Ramu Raju and Mr. Balasubramaniam Shanmugasundaram is a Tamil Nadu-based partnership concern engaged in manufacturing of knitted garments. The firm’s operation includes purchasing yarn and converting it into the grey cloth and dyeing fabrics. It outsources the work for dyeing to its group company R R Dyeing.

­Not Applicable

­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.

­The rating is based on information available from sources other than the issuer/borrower (in the absence of information provided by the issuer/borrower). Acuité endeavored to gather information about the entity/industry from the public domain. Therefore, Acuité cautions lenders and investors regarding the use of such information, on which the indicative credit ratingis based.

­The rated entity has not shared the latest financial statements despite repeated requests.

­"No information provided by the issuer / available for Acuite to comment upon."

­"No information provided by the issuer / available for Acuite to comment upon."

­Not Applicable

­None

­Not Applicable

­None

­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 details, please refer Rating Criteria “Complexity Level Of Financial Instruments” on www.acuite.in.