Kabra Extrusion Technik Ltd — Capital/Financing Update 2019

Jan 14, 2019

E NEXUIISMHTE-flvmk

KET/SEC/SE/2018~‘I9

1351: Limited

Floor 25, Phiroze Jeejeebhuy Tower, Dalal Street, Mumbai[—] 400 001

January[14,][2019]

National Stock Exchange India Limited, Exchange[Plaza,] 51,[BIuckXS,] Bandra Kurla Complex, Bandra (mist), Mamba—400051.

Scrip[Code:][ 524109]

Stock Code: KABRAEXTRU

Dear Sir/ Madam,

Sub; Infimafion of update on Credit Rating[under] Regulation[30(5)][nf][the][515131] (Listing Obligafion[and Disclosure] Requirements) Regulations,[2015]

Pursuant to Regulafion 30(5)[of][the][SEBI] (Llshng Obligation[and][Disclosure] Requixements) Regulations,[2015][and][in continuationto] our[letter dated][ January][11,] 2019 regardingthe subject matter,we forward herewith copies[ot][ the] following:

• letter dated January 09, 2019 received by us today, on January[14,][2019][in] original, from cmsn.[Ltd. ] ("Crisil") inrespect[of][ Credit][lirnit][ ot][ Rs.][ 21][Crore.][(no] email was sent by Crisil to us earlier).

• . letter dated January 11, 2019 referring the Wed[credit][ limit][of][Rs.][54][ Crore.] (as already[intimated] on January 11,[2019][ based] on[email][nf][ Crisil).]

Kindly[reter][both][the][ above][letters,] regarding[the credit] raung[assigned][by][C1151].]

You are to take the above information on records. requested

Thanking you,

Youxs truly, For Kabra Exu'usiontechnikLid , may Arya[K.][ Chachad] Company Secretary

Enc1.: As above

www knlslm mm

bim[Extru5ionmchnik][ Limited] Forum: Yellams.[1:] Wing[«am] Noon link[Road] ow an[Mel] Ananayitw Mmlml M10091 Mdflatasta indie mine .1; 73‘822/23’25125nfzx «trees/empathy sslesgtnsmemuomm esnu ermrmaslm Walks1 an.[intern] rm. mum um[155210] in.

A ensue lsmun (:nmpanv

A minimum thh mnememicmcimah ;

Ratings

CRISIL

An S&P Global Company

CONFIDENTIAL

KABEXTR/203781/BLR/011900358 January 09, 2019

Mr. Daulat Jain

Chief Financial Officer Kabra Extrusionlechnik Limited Fortune Terraces, 10th Floor, New Link Road, Andheri (West) Mumbai - 400053

Dear Mr. Daulat Jain,

Re: Review of CRISIL Ratings on the bank facilities of Kabra Extrusionteehnik Limited

All ratings assigned by CRlSIL arc kept under continuous surveillance and review.

Please find in the table bclow the ratings outstanding for the debt instruments/facilities of the company, and the rating actions by CRISIL on the ratings as on date.

rating actions by CRISIL on the ratings as on date.
Total Bank Loan Facilities Rated Long-Term Rating	Rs.21 Crore CRISIL A+/Negative (Outlook Revised from 'Stable'
	and Ratin!! Reaffirmed)
Short.Term Ratin1! (Bank-wise details as per Annexure 1)	CRISIL AI (Down!!raded from CRISIL AI+)

As per our Rating Agreement, CRISIL would disseminate the ratings, along with thc outlook, through its publications and other media, and keep the ratings, along with the outlook, under surveillance over the life of thc instrument/facility. CRISIL reservcs the right to withdraw, or revise the ratings, along with the outlook, at any time, on the basis of new information, or unavailability of information, or other circumstances which CRISIL believes may have an impact on the ratings.

Should you require any clarifications, please feci free to get in touch with us.

With warm regards.

Yours sincerely.

-..... .------.. .r)-.> ~....--- - ~y-----~ Nitesh Jain Nivedita Shibu Director - CRISIL Ratings Associate Dircctor - CRISIL Ratings

g;lO'i CRIS/L ~". J' ;. ;,!'

A CRISfL rating reflects CRISILs current opinion on the likelihood of timely payment of the obligations under the rated instrument and does not constitute an audit of the rated entity by CRISIL CRISIL ratings are based on information provided by the issuer or obtained by CRISIL from sources it considers reliable. CRISIL does not guarantee the completeness or accuracy of the information on which the rating is based. A CRISIL rating is not a recommendation to buy, sefJ. or hold the rated instrument: it does not comment on the market price or suitability for a particular investor. All CRISIL ratings are under surveillance. CRISIL or its associates may have other commercial transactions with the company/entity. Ratings are revised as and when circumstances so warrant. CRISlL is not responsible for any errors and especially states that it has no financial liability whatsoever to the subscribers / users / transmitters / distributors of this product. CRISIL Ratings rating criteria are available without charge to the public on the CRISIL web site. www.crisil.com. For the latest rating information on any instrument of any company rated by CRISJL. please contact Customer Service Helpdesk at 1800.267. 1301.

CRISIL Limited Corporate Identity Number: L67120MH1987PLC042363

CRISIL House, Central Avenue, Hiranandani Business Park, Powai, Mumbai - 400076. Phone: +91 2233423000 I Fax: +91 224040 5800 www.crisil.com

Ratings

CRISIL

AnS&P Global Company

Annexure 1 - Bank-wise details of various facility classes (outstanding facilities)

==> picture [459 x 83] intentionally omitted <==

----- Start of picture text -----

S.No. Bank Facilitv Bank Amount CRs. in Crore) Outstandin~ Ratin~
I Bank Guarantee State Bank of India 1.0 CRISIL AI
2 Cash Credit KOlak Mahindra Bank Limited 10.0 CRISIL A+!Neoativc
3 Cash Credit State Bank of India 9.0 CRISIL A+!Negalive
4 Letter of Credit State Bank of India 1.0 CRISIL AI
Total 21.0
----- End of picture text -----

2. Fully interchangeable with packing credit, working capital demand loan,joreign bills purchase/discOlmting/negotiation. post shipmefJI credit inforeign currency, buyer's credit, and letter of credit; interchangeable up to RS.5 crore with bank guarantee 3. Interchangeable up to RS.2.5 crore with export packing credit,jully interchangeable with bill discounting, interchangeable up to RS.5 crore with export bill discounting/negotiation.

A CRJSIL rating reflects CRfSJL's current opinion on the likelihood of timely payment of the obligations under the rated instrument and does not constitute an audit of the rated entity by CRIS/L. CRISIL ratings are based on information provided by the issuer or obtained by CRfSfL from sources it considers reliable. CRfSIL does not guarantee the completeness or accuracy of the information on which the raring is based. A CRISIL raring is not a recommendation to buy, sell, or hold the rated instrument; it does not comment on the market price or suitability for a particular investor. All CRISIL ratings are under surveillance. CRISIL or its associates may have other commercial transactions with the company/entity. Ratings are revised as and when circumstances so warrant. CRISIL is nor responsible for any errors and especially states that it has no financial liability whatsoever to the subscribers / users / transmitters / distributors of this product. CRISIL Ratings rating criteria are available without charge to the public on the CRfSIL web site, www.crisif.com. For the latest rating information on any instrument of any company rared by CRfSIL. please contact Customer Service Helpdesk at 1800-2671301.

Corporate Identity Number: L67120MH1987PLC042363

CRISIL Limited

CRISIL House, Central Avenue, Hiranandani Business Park, Powai, Mumbai - 400076. Phone: +91 22 3342 3000 I Fax: +91 2240405800 www.crisil.com

Ratings

CRISIL

An S&P Global Company

CONFIIJENTIAL

KABEXTR/2151 04/BLR/0 11900494 January 11,2019

i\Ir. Daulat Jain Chief Financial Officer Kabra Extrusiontechnik Limited Fortune Terraces, 10th Floor, New Link Road, Andheri (West) Mumbai - 400053

Dear Mr. Daulat Jain,

Re: Re"iew of CRISIL Ratings on the bank facilities of Kabra Extrusionteehnik Limited

All ratings assigned by CRISIL arc kept under continuous surveillance and review.

Please find in the table below the ratings outstanding for the debt instruments/facilities of the company, and the rating actions by CRISIL on the ratings as on date.

As per our Rating Agreement, CRISIL would disseminate the ratings, along with the outlook, through its publications and other media, and keep the ratings, along with the outlook, under surveillance over the life of the instrument/facility. CRISIL reserves the right to withdraw, or revise the ratings, along with the outlook, at any time, on the basis of new information, or unavailability of information, or other circumstances which CRISIL believes may have an impact on the ratings.

In the event of the company not availing the proposed facilities within a period of 180 days from the date of this letter, a fresh letter of revalidation from CRISIL will be necessary.

Should you require any clarifications, please feel free to get in touch with us.

\Vith warm regards, ~iA~i-;~~'3. Yours sincerely, CRISIL --........:~~- - ~~Nitesh Jain Nivedit<l Shibu Director - CRISIL Ratings Associate Director - CRISIL Ratings

A CRISIL rating reflects CRISIL's current opinion on the likelihood of timely payment of the obligations under the rated instrument and does not constitute an audit of the rated entity by CRISIL CRISIL ratings are based on information provided by the issuer or obtained by CRISfL from sources it considers refiable. CRJSIL does not guarantee the completeness or accuracy of the information on which the rating is based. A CRfSIL rating is not a recommendation to buy. sell. or hold the rated instrument: it does not comment on the market price or suitability for a particular investor. All CRJSIL ratings are under surveillance. CRISIL or its associates may have other commercial transactions with the company/entity. Ratings are revised as and when circumstances so warrant. CRISIL is not responsible for any errors and especialfy states that it has no financial liability whatsoever to the subscribers / users / transmitters / distributors of this product. CRISIL Ratings rating criteria are available without charge to the public on the CRISIL web site, www.crisil.com. For the latest rating information on any instrument of any company rated by CRISIL. please contact Customer Service Helpdesk at 1800.267. 1301,

Corporate Identity Number: L67120MH1987PlC042363

CRISIL House, Central Avenue, Hiranandani Business Park, Powai, Mumbai - 400076. Phone: +91 22 3342 3000 I Fax: +91 2240405800 www.crisll.com

Ratings

CRISIL

An S&P Gtobal Company

Annexure I - Bank-wise details of various facility classes (outstanding facilities)

	Annexure I - Bank-wise d	etails of various facility cla	sses (outstanding	facilities)
	kili	k	Amounl (Rs. in	Odi Rli
S.No.	Ban Facty	Ban	Crore)	utstanng ang
I	Bank Guarantee	State Bank of India Kotak Mahindra Bank	3.0	CRISIL AI
2	ChCdit		200	CRISILA+/Nti
	as re	Limited	.	egave
3	Cash Credit	YES Bank Limited	20.0	CRISIL A+/Necative
4	Cash Credit	State Bank oflndia	9.0	CRISIL A+/Negative
5	Letter of Credit Proposed Long Term Bank	State Bank of India	1.0	CRISIL AI
6	Loan Faeilitv	Proposed	1.0	CRISIL A+/Negative
	Tolal		54.0

2,3. Fully interchangeable with packing credit. working capital demand loan. foreign bills purchase/discounting/negotiation. pas/shipment credit in foreign currency, buyer's credit, and letter of credit (Rs 30 Crs); interchangeable up to Rs 10 crore with bank guarantee.

4. Interchangeable up to Rs 7.5 crore with export packing credit, fully interchangeable with bill discounting. interchangeable lip to Rs 7.5 crore with export bill discounting/negotiation.

A CRISfL rating reflects CRISIL's current opinion on the likelihood of timely payment of the obligations under the rated instrument and does not constitute an audit of the rated entity by CRISfL. CRISIL ratings are based on information provided by the issuer or obtained by CRISIL from sources it considers reliable. CRISIL does not guarantee the completeness or accuracy of the information on which the rating is based. A CRISIL rating is not a recommendation to buy, sell, or hold the rated instrument; it does not comment on the market price or suitability for a particular investor. All CRISIL ratings are under SUNeillance. CRISIL or its associates may have other commercial transactions with the company/entity. Ratings are revised as and when circumstances so warrant. CRISIL is not responsible for any errors and especially states that it has no financial liability whatsoever to the subscribers / users / transmitters / distributors of this product. CRISIL Ratings rating criteria are available without charge to the public on the CRISIL web site, ~.crisil.com. For the latest rating information on any instrument of any company rated by CRISIL, please contact Customer SeNice Helpdesk at 1800-2671301.

Corporate Identity Number: l67120MH1987PlC042363

CRISIL House, Central Avenue, Hiranandani Business Park, Powai, Mumbai - 400076. Phone: +91 2233423000 I Fax: +91 2240405800 www.crisll.com