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Product | Quantum (Rs. Cr) | Long Term Rating | Short Term Rating |
Bank Loan Ratings | 2.40 | ACUITE B- | Reaffirmed | Issuer not co-operating* | - |
Total Outstanding | 2.40 | - | - |
Total Withdrawn | 0.00 | - | - |
* The issuer did not co-operate; based on best available information. |
Rating Rationale |
Acuité has reaffirmed the long-term rating of ‘ACUITE B-’ (read as ACUITE B minus) on the Rs. 2.40 crore bank facilities of S Srinivasan. The rating continues to be flagged as “Issuer Not Cooperating” and is based on the best available information. |
About the Company |
S Srinivasan, a Tamil Nadu-based proprietary concern was established in 1983 by Mr. S. Srinivasan. The entity is engaged in the trading of paddy, rice and bran. |
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. | 25.30 | 19.58 |
PAT | Rs. Cr. | 0.10 | 0.10 |
PAT Margin | (%) | 0.39 | 0.51 |
Total Debt/Tangible Net Worth | Times | 4.57 | 4.68 |
PBDIT/Interest | Times | 1.33 | 1.34 |
Status of non-cooperation with previous CRA |
Not Applicable |
Any other information |
None |
Applicable Criteria |
• Service Sector: https://www.acuite.in/view-rating-criteria-50.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 |
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* 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 |
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