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Created: 2025-07-25 10:46:17 UTC
Greenchef Appliances Ltd: Withdrawal of Credit Ratings by Brickwork Ratings.
Greenchef Appliances Ltd has announced the withdrawal of its credit ratings from Brickwork Ratings (BWR). The long-term and short-term ratings, previously at BWR BB-/Stable/A4, have been withdrawn. The company cited non-cooperation as the reason for the withdrawal. ⚠️
𝗕𝗮𝗰𝗸𝗴𝗿𝗼𝘂𝗻𝗱: ▪ BWR had downgraded the ratings in June 2025 and placed them in the "ISSUER NOT COOPERATING" category. ▪ Greenchef Appliances Ltd requested the withdrawal. ▪ BWR stated the company did not submit the required monthly "No Default Statement" (NDS). ▪ Due to lack of information, BWR couldn't assess financial performance.
𝗥𝗮𝘁𝗶𝗻𝗴 𝗗𝗲𝘁𝗮𝗶𝗹𝘀: ▪ Long-term and short-term ratings of BWR BB-/Stable/A4 withdrawn. ▪ Total bank loan facilities amount to ₹53.43 Cr. ▪ Rating continues to be in the ISSUER NOT COOPERATING category.
𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗦𝗻𝗮𝗽𝘀𝗵𝗼𝘁 (𝗙𝗬𝟮𝟰): ▪ Operating Revenue: ₹330.65 Cr. ▪ PAT: ₹4.83 Cr.
𝗞𝗲𝘆 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗜𝗻𝗱𝗶𝗰𝗮𝘁𝗼𝗿𝘀 (𝗦𝘁𝗮𝗻𝗱𝗮𝗹𝗼𝗻𝗲): ▪ Operating Revenue (FY24): ₹330.65 Cr ▪ EBITDA (FY24): ₹12.41 Cr ▪ PAT (FY24): ₹4.83 Cr ▪ Total Debt / Tangible Net Worth: XXXX times ▪ Current Ratio: XXXX times
𝗣𝗿𝗲𝘃𝗶𝗼𝘂𝘀 𝗖𝗿𝗲𝗱𝗶𝘁 𝗥𝗮𝘁𝗶𝗻𝗴 𝗔𝗴𝗲𝗻𝗰𝘆 𝗦𝘁𝗮𝘁𝘂𝘀: ▪ CRISIL has reaffirmed ratings at CRISIL B/Stable/A4 and continues in the non-cooperating category and withdrawn.
𝗖𝗼𝗺𝗽𝗮𝗻𝘆 𝗢𝘃𝗲𝗿𝘃𝗶𝗲𝘄: ▪ Incorporated in June 2010. ▪ Manufactures home appliances under the "Greenchef" brand. 🏡 ▪ Products include LPG stoves, pressure cookers, and other kitchenware. ▪ Sells products Pan India and exports to Sri Lanka.
𝗗𝗶𝘀𝗰𝗹𝗮𝗶𝗺𝗲𝗿: ▪ Investors should exercise caution due to the "Issuer Not Cooperating" status. ⚠️
📊 GREENCHEF APPLIANCES LTD | 🏷️ Credit Rating
🌐 Details:
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