Aruppukottai Sri Jayavilas Pvt. Ltd. (erstwhile Aruppukottai Sri Jayavilas limited)

Brickwork Ratings reaffirms the long-term and short-term ratings for the Bank Loan Facilities of Rs. 92.59 Crs. of Aruppukottai Sri Jayavilas Pvt. Ltd. (erstwhile Aruppukottai Sri Jayavilas limited) based on best available information, as the issuer did not cooperate.

Particulars

Facilities	Amount (Rs.Crs.)		Tenure	Rating		Regulator
	Previous	Present		Previous (07 Oct 2025)	Present
Fund Based	81.59	81.59	Long Term	BWR C Continues to be in ISSUER NOT COOPERATING* category/Downgraded	BWR C Continues to be in ISSUER NOT COOPERATING* category/Reaffirmed	RBI
Non Fund Based	11.00	11.00	Short Term	BWR A4 Continues to be in ISSUER NOT COOPERATING* category/Reaffirmed	BWR A4 Continues to be in ISSUER NOT COOPERATING* category/Reaffirmed	RBI
Grand Total	92.59	92.59	(Rupees Ninety Two Crores and Fifty Nine lakhs Only)

Note:
1. Please refer to BWR website www.brickworkratings.com for the definition of the ratings
2. Refer to Annexures I, II, and III for details of rated bank loan facilities, debt instruments, and the List of Entities Consolidated
*Issuer did not cooperate; based on best available information.

RATING ACTION / OUTLOOK / NATURE OF NON-COOPERATION

BWR has reaffirmed the Long-term ratings to "BWR C" and reaffirmed the Short-term ratings at “BWR A4” for the bank loan facilities of " Aruppukottai Sri Jayavilas Pvt. Ltd" and continued under the 'Issuer Not Cooperating' category as the issuer did not cooperate.

The ratings are due for review in Sep 2026. BWR took up with the issuer and its banker over emails and through telephone calls to provide the required information. Despite the best efforts of BWR to get at least the minimum required information for a review, neither the firm nor its banker has provided the same. In the absence of adequate information from the firm and its banker, BWR is unable to assess the firm’s financial performance or its ability to service its debt and maintain a valid rating. The firm has also been irregular with respect to the submission of the monthly No Default Statements. Hence, based on best available information, continued lack of management cooperation, non-submission of NDS, and lack of banker’s feedback, the long-term and short-term rating is reaffirmed, and continued in the Issuer Not Cooperating* category, as the Issuer did not cooperate.

The lenders/investors may note to exercise due caution while using the above rating which mentions "Issuer Not Cooperating" since the rating lacks any projections or forward-looking component as it is arrived at based on the best available information without any management/banker's interaction.

LIMITATIONS OF THE RATING

Information availability risk is a key factor in the assessment of credit risk as generally, non-cooperation by the rated entities to provide required information for a review of the assigned rating may also be accompanied by financial stress. Users of the credit rating should therefore take into account possible deterioration in the credit quality of the rated entity arising from its non-transparency withholding of information required for a review of the rating

ABOUT THE ENTITY

Aruppukottai Sri Jaya Vilas Private limited (ASJPL) erstwhile Aruppukottai Sri Jayavilas Limited (The Company)was incorporated in 1951, in Aruppukottai, Tamil Nadu. ASJPL manufactures cotton and polyester-blended cotton yarn used for knitting and weaving. The products are made from various imported and Indian cotton. ASJPL is equipped to offer a wide range of - GRS/ BCI/ OEKO-TEX/ OCS/ GOTS - certified quality yarn products conforming to ISO 9001-2015 QMS and 5 S – to offer spun yarn in 100% Cotton/Blends of Polyester, Carded/Combed, Compact/Normal, Single/Ply Twisted, Fancy Slub/High twist, Weaving/Knitting, Cones/Hanks.

The company is also engaged in operating bus services for local routes (~1 % of revenue share in FY22 (P)) and the Company has one Indian Oil Retail Outlet at Madurai (~12 % of revenue share in FY22 (P)).

Mr. TRS Kathikeyan, Mr. TRS Subbaraj Babu, and Ms. Karthikeyan Vishnupriya are the directors of this company

Note:- As per information available with BWR Jun-2022.

STATUS OF NON-COOPERATION WITH PREVIOUS CRA

Creadit Rating Agency	Status and Reason for Non-Cooparation	Date of Press Release
CRISIL	CRISIL D/D for Rs. 55.12 crs. Dated 12Sep2025 - INC	12Sep2025

ANY OTHER INFORMATION

CARE ratings have reaffirmed the long-term and short-term ratings at CARE B+/Stable/A4 for the bank loan facilities Rs 82,34  on on June 03, 2025  

RATING HISTORY FOR THE PREVIOUS THREE YEARS (including withdrawal and suspended)

Facilities	Current Rating  (2026)			2025		2024		2023
Type	Tenure	Amount (Rs.Crs.)	Rating	Date	Rating	Date	Rating	Date	Rating
Fund Based	LT	81.59	BWR C (Continues to be in ISSUER NOT COOPERATING* category/Reaffirmed)	07Oct2025	BWR C (Continues to be in ISSUER NOT COOPERATING* category/Downgraded)	15Oct2024	BWR B-Stable (Continues to be in ISSUER NOT COOPERATING* category/Downgraded)	21Sep2023	BWR BStable (ISSUER NOT COOPERATING* /Downgrade)
Non Fund Based	ST	11.00	BWR A4 (Continues to be in ISSUER NOT COOPERATING* category/Reaffirmed)	07Oct2025	BWR A4 (Continues to be in ISSUER NOT COOPERATING* category/Reaffirmed)	15Oct2024	BWR A4 (Continues to be in ISSUER NOT COOPERATING* category/Reaffirmed)	21Sep2023	BWR A4 (ISSUER NOT COOPERATING* /Reaffirmation)
Grand Total		92.59	(Rupees Ninety Two Crores and Fifty Nine lakhs Only)

Hyperlink/Reference to applicable Criteria

• General Criteria
• Approach to Financial Ratios
• Policy On Issuer Non -Cooperation
• Short Term Debt
• Manufacturing Company

Analytical Contacts
Harsha Vardhan DC Ratings Analyst harsha.v@brickworkratings.com	Raghavendra Senior Manager - Ratings raghavendra.n@brickworkratings.com
Client Support | clientsupport@brickworkratings.com

SL.No.	Name of the Bank/Lender	Type Of Facilities	Long Term(Rs.Crs.)	Short Term(Rs.Crs.)	Total(Rs.Crs.)	Complexity of the Instrument
1	ICICI Bank	Term Loan - Out-standing	0.37	_	0.37	Simple##
2	Indian Bank	Working Capital Term Loan - Out-standing	0.92	_	0.92	Simple##
3	Indian Bank	Cash Credit - Sanctioned	10.80	_	10.80	Simple##
4	Indian Bank	Term Loan - Sanctioned	16.20	_	16.20	Simple##
5	Indian Bank	Letter of Credit - Sanctioned	_	7.00	7.00	Simple##
6	Indian Bank	Covid -19 Emergency Line Credit - Out-standing	0.51	_	0.51	Simple##
7	Indian Bank	GECL - Out-standing	2.02	_	2.02	Simple##
8	Indian Bank	GECL - Out-standing	1.50	_	1.50	Simple##
9	State Bank Of India (SBI)	GECL - Out-standing	2.75	_	2.75	Simple##
10	State Bank Of India (SBI)	GECL - Out-standing	1.99	_	1.99	Simple##
11	State Bank Of India (SBI)	Letter of Credit - Sanctioned	_	4.00	4.00	Simple##
12	State Bank Of India (SBI)	Cash Credit - Sanctioned	10.90	_	10.90	Simple##
13	State Bank Of India (SBI)	Working Capital Term Loan - Out-standing	0.62	_	0.62	Simple##
14	State Bank Of India (SBI)	Term Loan - Out-standing	0.82	_	0.82	Simple##
15	State Bank Of India (SBI)	Term Loan - Out-standing	0.37	_	0.37	Simple##
16	State Bank Of India (SBI)	Term Loan - Sanctioned	16.20	_	16.20	Simple##
17	Sundaram Finance Limited	GECL - Out-standing	0.20	_	0.20	Simple##
18	Sundaram Finance Limited	GECL - Out-standing	0.29	_	0.29	Simple##
19	Sundaram Finance Limited	HP Loan - Out-standing	0.03	_	0.03	Simple##
20	Sundaram Finance Limited	HP Loan - Out-standing	0.02	_	0.02	Simple##
21	Sundaram Finance Limited	HP Loan - Out-standing	1.32	_	1.32	Simple##
22	Sundaram Finance Limited	HP Loan - Out-standing	1.47	_	1.47	Simple##
23	Sundaram Finance Limited	HP Loan - Out-standing	0.08	_	0.08	Simple##
24	Sundaram Finance Limited	HP Loan - Out-standing	0.08	_	0.08	Simple##
25	Sundaram Finance Limited	HP Loan - Out-standing	0.08	_	0.08	Simple##
26	Sundaram Finance Limited	HP Loan - Out-standing	0.27	_	0.27	Simple##
27	Sundaram Finance Limited	HP Loan - Out-standing	0.03	_	0.03	Simple##
28	Sundaram Finance Limited	HP Loan - Out-standing	0.05	_	0.05	Simple##
29	Sundaram Finance Limited	HP Loan - Out-standing	1.75	_	1.75	Simple##
30	Sundaram Finance Limited	HP Loan - Out-standing	3.39	_	3.39	Simple##
31	Sundaram Finance Limited	HP Loan - Out-standing	0.08	_	0.08	Simple##
32	Sundaram Finance Limited	HP Loan - Out-standing	0.06	_	0.06	Simple##
33	Sundaram Finance Limited	HP Loan - Out-standing	0.44	_	0.44	Simple##
34	Sundaram Home Finance Limited	Mortgage Loan - Out-standing	5.98	_	5.98	Simple##
Total			81.59	11.00	92.59
TOTAL (Rupees Ninety Two Crores and Fifty Nine lakhs Only)

##The Complexity Indicator refers to the ease with which the returns associated with the rated instrument could be estimated. It does not indicate the risk related to the timely payments on the instrument, which is rather indicated by the instrument's credit rating. It also does not indicate the complexity associated with analysing an entity's financial, business, industry risks or complexity related to the structural,transactional or legal aspects. Details on the complexity levels of the instruments are available on BWR's website Complexity Levels.

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