The company did not cooperate for undertaking the rating process in spite of following up.
The company was being regularly followed up vide emails and calls dated ,, ,, and for obtaining the latest information for the review of the rating. The rating was due for surveillance in October 2021. The long term rating of the bank loan facilities of the company has been revised to BWR B+ (Stable), ISSUER NOT COOPERATING and short term rating has been reaffirmed at BWR A4, ISSUER NOT COOPERATING, based on the available information as the company has not submitted any documents/information for ascertaining the financial risk profile. We have therefore continued the rating under the “ISSUER NOT COOPERATING” category. RATING ACTION / OUTLOOK / NATURE OF NON-COOPERATION *Issuer did not cooperate based on best available information. **Details of Bank Loan facilities,consolidation or instruments are provided in Annexure #Please refer to BWR website for definition of the ratings of Shri Swami Samarth Engineers Ltd.(Formerly Known as Shri Swami Samarth Engineers) based on best available information, as the issuer did not cooperate. Shri Swami Samarth Engineers Ltd.(Formerly Known as Shri Swami Samarth Engineers)īrickwork Ratings revises the long term rating and reaffirms the short term rating for the Bank Loan Facilities of Rs.