RATING RATIONALE
07Dec2023

Sanskriti Society for Education Research & Development

Brickwork Ratings downgrades the long term and simultaneously withdraws the ratings for the Bank Loan Facilities of Rs. 43.93 Crs. of Sanskriti Society for Education Research & Development

Particulars
Facilities** Amount (Rs.Crs.) Tenure Rating#
Previous Present Previous
(29 Nov 2022)
Present
Fund Based 38.93 38.93 Long Term BWR BBB/Stable
Upgrade
BWR BBB - /Stable
Downgrade/Withdrawal
Non Fund Based 5.00 5.00 Long Term BWR BBB/Stable
Upgrade
BWR BBB - /Stable
Downgrade/Withdrawal
Grand Total 43.93 43.93 (Rupees Forty Three Crores and Ninety Three lakhs Only)
#Please refer to BWR website www.brickworkratings.com for definition of the ratings
**Details of Bank Loan facilities,consolidation or instruments are provided in Annexure

RATING ACTION / OUTLOOK

Brickwork Ratings has downgraded and simultaneously withdrawn the long-term ratings of the Sanskriti Society for Education Research & Development based on the request from the client and along with the No Objection Certificate which has been provided by the Punjab National Bank. The latest NDS has been submitted. Hence, in line with the regulatory guidelines & BWR Rating Policy, BWR downgraded the long-term rating to BWR BBB- with a stable outlook and simultaneously withdrawn with immediate effect.

ABOUT THE ENTITY
Macro Economic Indicator Sector Industry Basic Industry
Consumer Discretionary Consumer Services Other Consumer Services Education

Sanskriti Society for Education Research and Development was established in 2006 having a registered office at Naraina Industrial Area, Phase II, New Delhi. It is registered under the Society Registration Act, 1860 as ‘’Society for Education Research & Development’’ on 6th September 2006. Subsequently, Sanskriti was added to its name in Sept. 2009. The Society is managed primarily by Ram Kailash Gupta and Sachin Gupta along with other members. Sanskriti Institute was converted into a Private University after the approval from State Govt. of UP in September 2016 vide Letter No. – 961/70-1-2016-20(2)/2014 dated 23rd September, 2016. Mr Sachin Gupta and Mr Prabhakar Tripathi are presently the Chancellor and Registrar of University respectively. The University is set up as a private university in Chhata, Mathura, Uttar Pradesh spread over 40+ acres of land on NH2, 57 km from Delhi NCR. The University has been notified under the U.P. State Act. The University has around 404 teachers out of which 87 teachers are PHD. The number of students enrolled in AY20 increased to 6203 from 5402 in AY19. As per the information furnished by the management, the number of students enrolled has further increased to 6760 in AY21. University has also recently added 2 additional courses i.e. Law and Nursing in the current academic year

STATUS OF NON-COOPERATION WITH PREVIOUS CRA

Not Available

ANY OTHER INFORMATION

Sanskriti Society for Education Research & Development had Not accepted the bank loan ratings of ICRA as BB+/A4+ on 18th August 2022.

RATING HISTORY FOR THE PREVIOUS THREE YEARS (including withdrawal and suspended)
Facilities Current Rating  (2023) 2022 2021 2020
Type Tenure Amount
(Rs.Crs.)
Rating Date Rating Date Rating Date Rating
Fund Based LT 38.93
BWR BBB-/Stable
(Downgrade/Withdrawal)
04Jul2022
BWR BB+ Stable
(ISSUER NOT COOPERATING* /Downgrade)
20Jan2021
BWR BBB Stable
(ISSUER NOT COOPERATING*/Reaffirmed^)
NA
NA
0.00
NA
29Nov2022
BWR BBBStable
(Upgrade)
09Apr2021
BWR BBB Stable
(Reaffirmation)
NA
NA
Fund Based ST 0.00
NA
NA
NA
20Jan2021
BWR BBB Stable
(ISSUER NOT COOPERATING*/Reaffirmed^)
NA
NA
Non Fund Based LT 5.00
BWR BBB-/Stable
(Downgrade/Withdrawal)
04Jul2022
BWR BB+ Stable
(ISSUER NOT COOPERATING* /Downgrade)
09Apr2021
BWR BBB Stable
(Reaffirmation)
NA
NA
0.00
NA
29Nov2022
BWR BBBStable
(Upgrade)
NA
NA
NA
NA
Grand Total 43.93 (Rupees Forty Three Crores and Ninety Three lakhs Only)
COMPLEXITY LEVELS OF THE INSTRUMENTS - Simple

BWR complexity levels are meant for educating investors. The BWR complexity levels are available at www.brickworkratings.com / download / ComplexityLevels.pdf. Investors queries can be sent to info@brickworkratings.com.

Hyperlink/Reference to applicable Criteria
Analytical Contacts

Kartik Arora

Rating Analyst kartik.a@brickworkratings.com

Hari Kishan Yadav

Associate Director - Ratings hari.ky@brickworkratings.com
1-860-425-2742 | media@brickworkratings.com
Sanskriti Society for Education Research & Development
ANNEXURE-I
Details of Bank Facilities rated by BWR
SL.No. Name of the Bank/Lender Type Of Facilities Long Term(Rs.Crs.) Short Term(Rs.Crs.) Total(Rs.Crs.)
1 Punjab National Bank Term LoanSanctioned 22.25 _ 22.25
2 Punjab National Bank Over DraftSanctioned 9.00 _ 9.00
3 Punjab National Bank Bank GuaranteeSanctioned 5.00 _ 5.00
4 Punjab National Bank GECLSanctioned 7.68 _ 7.68
Total 43.93 0.00 43.93
TOTAL (Rupees Forty Three Crores and Ninety Three lakhs Only)
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