Professional Documents
Culture Documents
I~=Ratlings
.
~[S.
Professional Risk Opinion
CAREl ARO/RL/2015-16/1832
Cera Sanitaryware
9, GIDC Industrial
limited
Estate,
Limited for
our Rating
Amount
(Rs. crore)
Rating1
Remarks
97.69
CAREAA
(Oouble A)
Long-term Bank
Facilities
Short-term
Bank
CAREA1+
25.00
Facilities
Reaffirmed
(A One Plus)
Revised from
CAREAAI
CAREAl+
27.00
(Oouble A)
CARE AA-
(A One Plus)
Total Facilities
CAREA1+
(Double A Minus)!
(A One Plus)
149.69
(RupeesOne Hundred Forty Nine
Crore & Sixty Nine lakh only)
on
circumstances
warranting
such review,
subject
to
at
least
one
such
information
information,
entitled to publicize/disseminate
such
in the assigned
lTD.
32, Titanium, P,ahaladnaga, Corpo,at" Road
5al"I1II", Ahmedabad - 380 01 5
Te"p-S3il-tw45656
Fa~:+9~-79.40265657
6. CARE ratings do not take into account the sovereign risk, if any, attached to the foreign
currency loans, and the ratings are applicable only to the rupee equivalent of these loans.
7. Users of this rating may kindly refer our website www.careratings.comforlatest
the outstanding
update on
rating.
bank facilities.
If you need any clarification,
Thanking you,
Yours faithfully,
iO
~~'
1~~1'(~
--
..
IKunal B. Shah]
Sr. Manager
kuna Ib.shah@careratings.com
[TeJ3sh Desai]
Dy. Manager
tejash. desa i@careratings.com
Encl.: As above
Disclaimer
CARE's ratings are opinions
to sanction,
the concerned bank facilities or to buy, sell or hold any security. CARE has based its ratings on information
obtained from sources believed by it to be accurate and reliable. CARE does not, however, guarantee the accuracy,
adequacy or completeness of any information and is not responsible for any errors or omissions or for the results
obtained from the use of such information.
Most entities whose bank facilities/instruments
are rated by CARE
have paid a credit rating fee, based on the amount and type of bank facilities/instruments.
In case of partnership/proprietary
concerns, the rating assigned by CARE is based on the capital deployed
by the
partners/proprietor
and the financial strength of the firm at present. The rating may undergo change in case of
withdrawal
of capital or the unsecured loans brought in by the partners/proprietor
in addition to the financial
performance
_380015
I www.care.ating,.com
Page 2 of 4
Annexure 1
Details of Rated Facilities
1.
long.term
facilities
Rated
Amount'"
Name of Bank
1.
2.
Kotak Mahindra
9.00
13.69
Bank
quarterly
equal
Repayable
in 20
commencing from November 2012
monthly
Repayable
in
36 equal
installments
installments
22.69
Total
.Outstanding
Name of Bank
Sr. No.
75.00
75.00
Total
Figures in parenthesis
EPC/PCFC
(2.00)
FBD/EBR
(2.00)
Total
75.00
indicates sub-limits
EPC-Export Pocking Credit, PCFC-Pocking Credit Foreign Currency, FBD-Foreign Bill Discounting,
EBR-
RS.97.69 crore
Short-term facilities
Name of Bank
State Bank of India
25.00
Total
Total short.term
facilities (2.A.)
RS.25.00 crore
Page30f4
Annexure 1 (Continued)
3. long-term /Short-term
Facilities
Sr.
No.
Letter of
Name of Bank
Credit
(LC)
15.00
Bank
Guarantee
(BG)
10.00
Revolving
Letter of
Credit
2.00
Remarks
Total
27.00
way
Both
interchangea bility
between LC and BG
limit to the extent of
Rs.S.OOcrore.
is
LC
Revolving
towards ONGCjGAIL.
LC tenure of up to
180 days
27.00
TOTAL
Page4of4
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