­Established in 1997, Shri Madhur Foods Products Private Limited is engaged in the extraction of cottonseed oil. SMFPPL has an installed capacity of 100 tonnes per day, Maharashtra-based company and was promoted by Late Mr. Hansraj Agrawal, currently managed by the Agarwal family.

­Omshree Agro Tech Private Limited (OATPL) incorporated in 2005, is a Maharashtra based company engaged in the extraction of soyabean oil from soyabean seeds and it also produces soyabean meal, hulls, lecithin and defatted soya flour. The company has its processing unit located in Dhule, MIDC area in Maharashtra on 2,50,000 sq. ft. of land with an installed capacity to process 600 tonnes of soyabean seed per day.
Maharashtra-based Omshree Group was established in 2009, Om Industries (OI) is engaged in the extraction of cottonseed oil. OI has an installed capacity of 100 tpd. OI is a part of Omshree group of companies and is an expansion to Shri Madhur Food Products Private Limited (SMFPPL).The group was promoted by Late Mr. Hansraj Agrawal, currently managed by the Agarwal family.

­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 rating is 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."

­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.