CRISIL Ratings has been consistently following up with Apindia Biotech Limited(ABPL; part of the MB group) for obtaining information through letters and emails dated December 24, 2022 and February 17, 2023 among others, apart from telephonic communication. However, the issuer has remained non cooperative. CRISIL Ratings believes that rating action on ABPL is consistent with ‘Assessing Information Adequacy Risk’. Based on the last available information, the ratings on bank facilities of ABPL continues to be ‘CRISIL C Issuer Not Cooperating’. For arriving at the ratings, CRISIL Ratings has combined the business and financial risk profiles of APBPL and Madhya Bharat Phospate Pvt Ltd (MBPPL). This is because the two companies together referred to as the MB group, have strong business linkages as they are engaged in the same line of businesses; APBPL has been supplying raw material (rock phosphate) to MBPPL since July 2012. Furthermore, MBPPL has a shareholding of 99.99 per cent in APBPL and has provided loans and advances of Rs.52 million to the company to support its working capital requirements.
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Record completeness: 5 of 7 records on file
7 facts · 0 checked · 5 on record or declared · 2 unknown
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APINDIA BIOTECH PRIVATE LIMITED is a manufacturer of metals & chemicals based in Indore, Madhya Pradesh, India. It was incorporated in 1998 per Ministry of Corporate Affairs records (CIN U24232MP1998PTC062825). It is on record in MCA, official Indian government registers. APINDIA BIOTECH PRIVATE LIMITED has not claimed its BharatSeal profile.
Manufacturer
Indore, MP, India
No. APINDIA BIOTECH PRIVATE LIMITED has not claimed its BharatSeal profile. Registry records on this page are on record in government registers; BharatSeal has not checked them separately.
APINDIA BIOTECH PRIVATE LIMITED was incorporated in 1998 per Ministry of Corporate Affairs records under CIN U24232MP1998PTC062825. The company has been operating for 28 years, with the registration auditable on mca.gov.in.
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Other manufacturers in the same network — discovered via MCA21 cross-references.