­Shree Halasidhanath Sahakari Sakhar Karkhana Limited (­SHSSK) is a Belgaum-based co-operative society and started its commercial operations in April, 1987. The entity is presently managed by the directors i.e. Mr. Chandrakant S. Kothiwale, Mr. Malagonda P. Patil, Mr. Appasaheb S. Jolle, Mr. Vishwanath S. Kamate, Mr. Ramagonda Y. Patil, Mr. Ramagonda B. Patil, Mr. Avinash A. Patil, Mr. Samit B. Sasane, Mr. Sukumar Baburao Patil Budihalkar, Mr. Rajaram M. Khot, Mr. Mhalappa S. Pisutre, Mr. Pratap J. Metrani, Mr. Kallappa B. Naik, Mrs. Manisha V. Rangole, Mrs. Ujwala P. Shine and Mr. Sujit S. Joshi. The company runs sugar factory having a sugar cane crushing capacity of 3500 TCD. Further, the company has a cogeneration power plant with capacity of 15 MW. The excess electricity generated is sold to Hubli Electricity Supply Company Limited (HESCOM).

­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.