Description
ICRA has retained the ratings for the bank facilities of H.S.Weavers Pvt. Ltd. in the ‘Issuer Not Cooperating’ category. The rating is denoted as “[ICRA]B(Stable)/[ICRA]A4 ISSUER NOT COOPERATING”. ICRA has been trying to seek information from the entity so as to monitor its performance, but despite repeated requests by ICRA, the entity’s management has remained non-cooperative. The current rating action has been taken by ICRA basis best available/dated/ limited information on the issuers’ performance. Accordingly, the lenders, investors and other market participants are advised to exercise appropriate caution while using this rating as the rating may not adequately reflect the credit risk profile of the entity. The rating action has been taken in accordance with ICRA’s policy in respect of non-cooperation by a rated entity available at www.icra.in. Please refer to the following link for the previous detailed rationale that captures Key rating drivers and their description, Liquidity position, Rating sensitivities, Key financial indicators : Click here. ICRA is unable to provide the latest information because of non-cooperation by the entity.