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CRISIL has suspended its ratings on the bank facilities of Shivdeep Industries Ltd (Shivdeep). This is because Shivdeep has not been providing information on its operations and financials to CRISIL. The suspension of ratings reflects CRISIL’s inability to maintain a valid rating in the absence of information from Shivdeep.
About the Company
Shivdeep, incorporated in 1987 by Mr. Shivratan Agarwal, manufactures food products, mainly bhujia, namkeen, and papad. Its manufacturing unit is in Bikaner (Rajasthan). Shivdeep markets its products under the Bikaji brand.
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Analytical Contacts
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CRISIL Rating Desk
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Mitu Samar
Head, Market Development & Communications
CRISIL Limited
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Email: msamar@crisil.com
Tanuja Abhinandan
Market Development & Communications
CRISIL Limited
Tel: +91-22-3342 1818
Email: tabhinandan@crisil.com
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Gurpreet S Chhatwal
Director - CRISIL Ratings
Tel: +91-11-4250 5100
Email: gchhatwal@crisil.com
Arvind L Rao
Senior Manager - CRISIL Ratings
Tel: +91-22-3342 8278
Email: arao@crisil.com
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Email: CRISILratingdesk@crisil.com
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Disclaimer: A CRISIL rating reflects CRISIL's current opinion on the likelihood of timely payment of the obligations under the rated instrument and does not constitute an audit of the rated entity by CRISIL. CRISIL ratings are based on information provided by the issuer or obtained by CRISIL from sources it considers reliable. CRISIL does not guarantee the completeness or accuracy of the information on which the rating is based. A CRISIL rating is not a recommendation to buy, sell, or hold the rated instrument; it does not comment on the market price or suitability for a particular investor. All CRISIL ratings are under surveillance. Ratings are revised as and when circumstances so warrant. CRISIL is not responsible for any errors and especially states that it has no financial liability whatsoever to the subscribers / users / transmitters / distributors of this product. CRISIL Ratings’ rating criteria are generally available without charge to the public on the CRISIL public web site, www.crisil.com. For the latest rating information on any instrument of any company rated by CRISIL, please contact CRISIL RATING DESK at CRISILratingdesk@crisil.com, or at (+91 22) 3342 3000.
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