* 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
Acuité has reaffirmed the long-term rating of ‘ACUITE B-’ (read as ACUITE B minus) on the Rs.6.00 crore bank facilities of Sri Senthil Poultry Farm. The rating continues to be flagged as “Issuer Not-Cooperating” and is based on the best available information.
About the Company
Incorporated in 1982, Sri Senthil Poultry Farm is a Coimbatore based proprietorship firm engaged in poultry farming of layer eggs. The entity is managed by Mr. T.K. Arunachalm. The facility has 13 poultry sheds and a caging capacity of around 2,20,000 birds.
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 B-
(Downgraded & Issuer not co-operating* from ACUITE B)
Cash Credit
Long Term
1.50
ACUITE B-
(Downgraded & Issuer not co-operating* from ACUITE B)
Short-term Loan
Long Term
0.50
ACUITE B-
(Downgraded & Issuer not co-operating* from ACUITE B)
Proposed Long Term Bank Facility
Long Term
1.50
ACUITE B-
(Downgraded & Issuer not co-operating* from ACUITE B)
29 Mar 2024
Term Loan
Long Term
2.50
ACUITE B
(Reaffirmed & Issuer not co-operating*)
Cash Credit
Long Term
1.50
ACUITE B
(Reaffirmed & Issuer not co-operating*)
Short-term Loan
Long Term
0.50
ACUITE B
(Reaffirmed & Issuer not co-operating*)
Proposed Long Term Bank Facility
Long Term
1.50
ACUITE B
(Reaffirmed & Issuer not co-operating*)
02 Jan 2023
Term Loan
Long Term
2.50
ACUITE B
(Reaffirmed & Issuer not co-operating*)
Cash Credit
Long Term
1.50
ACUITE B
(Reaffirmed & Issuer not co-operating*)
Short-term Loan
Long Term
0.50
ACUITE B
(Reaffirmed & Issuer not co-operating*)
Proposed Long Term Bank Facility
Long Term
1.50
ACUITE B
(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.
Cash Credit
Unlisted
RBI
Not avl. / Not appl.
Not avl. / Not appl.
Not avl. / Not appl.
1.50
Simple
ACUITE B- | Reaffirmed | Issuer not co-operating*
Not Applicable
Not avl. / Not appl.
Proposed Long Term Bank Facility
Unlisted
RBI
Not avl. / Not appl.
Not avl. / Not appl.
Not avl. / Not appl.
1.50
Simple
ACUITE B- | Reaffirmed | Issuer not co-operating*
Canara Bank
Not avl. / Not appl.
Short-term Loan
Unlisted
RBI
Not avl. / Not appl.
Not avl. / Not appl.
Not avl. / Not appl.
0.50
Simple
ACUITE B- | Reaffirmed | Issuer not co-operating*
Canara Bank
Not avl. / Not appl.
Term Loan
Unlisted
RBI
Not avl. / Not appl.
Not avl. / Not appl.
Not avl. / Not appl.
2.50
Simple
ACUITE B- | 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.
