Last Reviewed On: March 31, 2023 (Version 6) 

To complete a rating assignment and to conduct surveillance and timely reviews, the Organization undergoing the rating process has to furnish, proactively, all details about past performance (for the period for which details are sought) and future plans of the Organization even that of confidential nature. By executing a rating agreement with Acuite, the Organization agrees to make available to Acuite the required information on a continuous basis. Access to information forms the basis of timely and appropriate rating action. Acuité reserves the right to conduct the rating exercise / review with publicly available information, if the minimum requirement of information is not made available to Acuité. The entity undergoing a rating exercise is required to furnish the following:

Minimum Information

Additional Information:

1.Bank statements (applicable to bank loan ratings)

2.Debtor Ageing, retention money ageing, details of outstanding Bank guarantee(s)

3.Minutes pertaining to the most recent lenders’ consortium meeting (if applicable)

1.Annual Reports / Audited Financial Statements for last 3 years (or since inception, if entity is incorporated within last 3 years)

2. Latest YTD financials (Provisional / Estimated)

3. Latest sanction letters

4. No Default Statement (NDS) for the most recent 3 completed calendar months preceding the rating committee meeting (one NDS for each month; Acuite does not accept a consolidated, single NDS for multiple months)

5. Lender / Debenture Trustee contact details (as applicable)

6. Lender / Debenture Trustee feedback (as applicable) / Credit Information Company (CIC) Report

7. Details of facilities to be rated and current outstanding amount

8. Cash flow Projections, Project Details (For Real Estate Cases)

9. Latest Order Book Position

10. Any event specific and / or time-bound information driven by some material development which the issuer entity may be privy to and need not necessarily be publicly available information

Additional Information:

1.Bank statements (applicable to bank loan ratings)

2.Debtor Ageing, retention money ageing, details of outstanding Bank guarantee(s)

3.Minutes pertaining to the most recent lenders’ consortium meeting (if applicable)

4.Copy of Concession Agreement / Power Purchase Agreement / Lease Agreements

1.Annual Reports / Audited Financial Statements for last 3 years (or since inception, if entity is incorporated within last 3 years)

2. Latest YTD financials (Provisional / Estimated)

3. Latest sanction letters

4. No Default Statement (NDS) for the most recent 3 completed calendar months preceding the rating committee meeting (one NDS for each month; Acuite does not accept a consolidated, single NDS for multiple months)

5. Lender / Debenture Trustee contact details (as applicable)

6. Lender / Debenture Trustee feedback (as applicable) / Credit Information Company (CIC) Report

7. Details of facilities to be rated and current outstanding amount

8. Operational Data (inclusive of ALM, Liquidity Cashflow, CAR, Asset Quality, Borrowing Profile, Portfolio Cuts, AUM & Disbursement levels)

9. Hypothecated Pool and Draft Term Sheet (for third party external guarantee cases)

10. Any event specific and / or time-bound information driven by some material development which the issuer entity may be privy to and need not necessarily be publicly available information

Additional Information:

1.Bank statements (applicable to bank loan ratings)

2.Minutes pertaining to the most recent lenders’ consortium meeting (if applicable)

 

These guidelines are complementary to Policy in respect of ‘What Constitutes Non-Cooperation’ available through this link.