![]() |
![]() |
Product | Quantum (Rs. Cr) | Long Term Rating | Short Term Rating |
Bank Loan Ratings | 14.00 | - | ACUITE A4 | Reaffirmed | Issuer not co-operating* |
Total Outstanding | 14.00 | - | - |
Total Withdrawn | 0.00 | - | - |
* The issuer did not co-operate; based on best available information. |
Rating Rationale |
Acuité has reaffirmed the short term rating of ‘ACUITE A4’ (read as ACUITE A four) on the Rs.14.00 crore bank facilities of S P International. The rating continues to be flagged as “Issuer Not Cooperating” and is based on the best available information. |
About the Company |
Established in 1998, S P International is a proprietorship firm, promoted by Mr Promod Mahapatra is a Kolkata based firm engaged in manufacturing and exporting of leather products such as wallets, purses, cardholders and handbags. The firm is a ‘Star Export House’ recognized by the Government of India and exports products mainly to Germany, U.K., Switzerland and others. The manufacturing facility is located at Kolkata. |
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. |
Limitation regarding information availability |
Rating Sensitivity |
"No information provided by the issuer / available for Acuite to comment upon." |
Liquidity Position |
"No information provided by the issuer / available for Acuite to comment upon." |
Outlook |
Not Applicable |
Other Factors affecting Rating |
None |
Particulars | Unit | FY 16 (Actual) | FY 15 (Actual) |
Operating Income | Rs. Cr. | 63.62 | 68.42 |
PAT | Rs. Cr. | 1.90 | 1.85 |
PAT Margin | (%) | 2.99 | 2.71 |
Total Debt/Tangible Net Worth | Times | 1.62 | 1.21 |
PBDIT/Interest | Times | 2.98 | 3.94 |
Status of non-cooperation with previous CRA |
Not Applicable |
Any other information |
None |
Applicable Criteria |
• Manufacturing Entities: https://www.acuite.in/view-rating-criteria-59.htm • Default Recognition: https://www.acuite.in/view-rating-criteria-52.htm • Application Of Financial Ratios And Adjustments: https://www.acuite.in/view-rating-criteria-53.htm |
Note on complexity levels of the rated instrument |
|
|
|
||||||||||||||||||
|
||||||||||||||||||
* The issuer did not co-operate; based on best available information. |
Disclosure of list of non-cooperative issuers |
• Listed :- https://www.acuite.in/Non-Cooperative_Issuer_Listed.php • Unlisted :- https://www.acuite.in/Non-Cooperative_Issuer_Unlisted.php |
Contacts |
About Acuité Ratings & Research |
© Acuité Ratings & Research Limited. All Rights Reserved. | www.acuite.in |