~~Ratings

ProfessionalRisk Opinion

CARE/KRO/RL/2016-17/1550
Ms. Bhavna

Khemka

CFO
Tea & Industries

Dhunseri
"Dhunseri

House"

4A, Woodburn
Kolkata

Ltd.

Park

- 700 020.
October

6, 2016

Confidential

Ma'am,
Credit rating for bank facilities
On the basis of recent
company

developments

including

operational

for FY16 and Q1FY17, our Rating Committee

has reviewed

.
Amount
(Rs. erare)

Facilities

---- . ---Long term Bank Facilities

67.00
(enhanced from 65.00)

- Cash Credit

58.11
(reduced from 66.38)

Long term Bank Facilities

- Standby Letter of Credit

and financial

performance

the following

of your

ratings:

Rating!

Remarks

CARE A+
(Single A Plus)

Reaffirmed

125.11
(Rs. One hundred twenty five

Total

erore and eleven lakhs only)

2.

Refer Annexure

3.

The rationale

4.

CARE reserves

1 for details of rated facilities.

for this rating will be communicated
the right to undertake

to time, based on circumstances

review/surveillance

to you separately.

a surveillance/review

warranting

such review,

of the rating from time

subject

to at ieast one such

every year.

....~.. .-'"
lComplete definitions of the ratings assigned

Ofe

available at www.carerotings.com

and in other C/\RE

publications.

Page 1 of 3
CREDIT ANALYSIS & RESEARCHLTO.
CORPORATEOFFICE: 4" Floor, Godrej Coliseum, Somaiya Hasp!t,,1 Road.
Off E.utll!!rn Express Highway, Sion (E), Mumbal400 022.
Tel.: +91.22-6754 3456; FAX:+91-22~67S4 3457
Email: care@careratlngs.com

I www.careratlngs.com
CIN-l6 7190M H1993PlC071691

3td Floor, Prasad Chambers, (Shagun Mall Bldg.)

lOA. Shakespeare Saranl, Kolkata 700 071
. Tel: +91-33-4018 1600 I 02
Fax: +91-33.4018 1603

5.

CAREreserves the right to suspend/withdraw/revise

of new information
such information,

the rating assigned on the basis

or in the event of failure on the part of the company to furnish

material or clarifications as may be required by CARE. CARE shall

also be entitled to publicize/disseminate

such suspension / withdrawal/revision

in

the assigned rating in any manner considered appropriate by it, without reference to
you.
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.com

for latest

update on the outstanding rating.

8.

CARE ratings are not recommendations

to sanction, renew, disburse or recall the

concerned bank facilities.

If you need any clarification, you are welcome to approach us in this regard.
Thanking you,
Yours faithfully,

~ ....<- ~ "-=~~-~

T)b~

(Utkarsh Nopany)

(Ishan Marda)
Manager
ishan.m ard a@careratings.com

:\.

Manager
utka rsh. no pany@careratings.com

Enc!.: As above
Disclaimer
CARE's ratings are opinions
the concerned

on credit

bank facilities

of any information

from the use of such information.

In case of partnership/proprietary
withdrawal

Most

J:~~r!?fmanceand

or the

entities

CARE does not, however,

whose

the rating

strength

unsecured

other relevant

to sanction,

renew,

guarantee

for any errors or omissions

bank facilities/instruments

the accuracy,

arc rated

adequacy

by CARE have paid a

assigned

by CARE is based on the capital

of the firm at present.

loans brought

in by the

The r<Jting mJY undergo

partners/proprietor

in addition

factor~:

3rd Floor, Prasad Chambers,

deployed
change

by the

in case of

to the financial

__.....

CREDIT ANALYSIS
1600 I 02

or recall
obtained

or for the results obtained

Page 2 of 3

Tel: +91-33-4018

disburse

CARE has based its rulings on information

and type of bank facilities/instruments.

concerns,

and the financial

of capital

and reliable.

and is not responsible

credit rating fee, based on the amount

partners/proprietor

and are not recommencations

or to buy, sell or hold any security.

by it to be accurate

from sources believed

or completeness

quality

&

(Shllgun Mall8ldg.',

Fax: +91.33.4018

1603

RESEARCH LTO.
lOA. Shakespeare

SMani, Kolkata 700 071.

Email: care@careratlngs.com

C1N-L67190MH 1993PLC071691

www.careratings.com

Annexure

Details of Rated Facilities

1.

long-term

facilities

LA. Fund Based limits

(Rs. crore)
Name of Bank

Sr. No.

..

CC'

Fund Based l imits

-Others (pleas e

Total fundbased limits

specify)

16.00

State Bank of India

16.00

Punjab National Bank

15.00

3
4

United Bank of India

._------'
Development Credit Bank

Bank of Baroda

9.00

9.00

ICICI Bank Ltd

2.00

2.00

16.00
1--_.
__

..

9.00

67.00

TOTAL

--_15.00
..._--'

16.00
9.00

67.00

'CC~Cash credit

LB. Non Fund Based limits - Standby

~I

of Credit
Tenure

Amount

Name of Bank

(Rs. crore)

~
1.

letter

Induslnd bank

58.11
(U5D 8.761 mn)

Repayable in 18 equal half yearly

crore (U5$ 0.53 9 million)

instalments

58.11

TOTAL
Total long-term

facilities

+ LB.): RS.125.11 crore

(LA.

Page 3 of 3

CREDIT ANALYSIS & RESEARCHlTD.

3rd Floor, Prasad Chambers.

Tel: +91-33-4018 1600 I 02

(Shaguo Mall Bldg.), lOA, Shakespeare

I Fax: +91.33.4018

Sarani, Kolkata 700 071.

1603 I Email:care@careratlngs,com

ON .l6 7190MH 1993PlC071691

I www.careratin9s.com

of RS.3.58