Screener does not have their credit report, but I found this information. There may be something more current too, but I have not found it.Google Search
Vintage Coffee & Beverages Ltd (VCBL), formerly Spaceage Products Ltd, is a company that has undergone some changes in its financial health and creditworthiness. The company’s credit rating status is reported as “Issuer not cooperating,” meaning ratings agencies have requested data but have not received it from the company, according to Acuite Ratings. Promoters have also pledged a significant portion of their holdings, and debtor days have increased.
Here’s a more detailed breakdown:
- Credit Rating: The company has been flagged as “Issuer not cooperating” by rating agencies like Acuite Ratings and others, indicating a lack of information sharing.
- Promoter Pledging: A substantial portion of promoter holdings (27.4%) has been pledged, which can be an indicator of financial strain.
- Increased Debtor Days: The company’s debtor days have increased, meaning customers are taking longer to pay, which could impact cash flow.
- Tax Rate: The company’s tax rate appears to be low.
- Return on Equity: The company has a low return on equity over the last 3 years, at 11.7%.
- Dividend Yield: The current dividend yield is 0.08%.
- Capitalizing Interest Cost: The company may be capitalizing interest costs, which could be a way to manage financial reporting but might also indicate difficulties in meeting interest obligations.
- Stock Trading: The stock is trading at 4.00 times its book value.
- Promoter Holding Decrease: Promoter holdings have decreased over the last quarter by -1.38%.
These factors, taken together, suggest that VCBL may be facing financial challenges and that its creditworthiness could be under scrutiny. The “Issuer not cooperating” status is a significant red flag, as it suggests a lack of transparency and potential reluctance to address financial concerns.
Disclaimer: I have got out of the stock yesterday.