Kabra Extrusion Technik Ltd — Capital/Financing Update 2019

Jan 11, 2019

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KET/SEC/SE/[201:;19]

1. Limiked Floor 25, Phimze Ieejeebhoy Tower, Daiai Street, Mumbai[—] 400[001]

January[11,2019]

National Stock Exchange[india][Limited,] Exchange Plaza, 01,[Block-G,] Bandra Kuria Complex,[Bandra] (East), Mamba—400051.

Scrip[Code,][ 524109]

Stock Code:[KABRAEXTRU]

Dear Sir/ Madam,

Sub; Intimation af[revision][in][ Credit ] Rating[under][ Regulation][30(6)][of the][SEBI] (Listing Obligation[and DisclosureRequirements) Regulations,][ 2015]

Pursuant to Regulation 30(5)[ot][the][5153!] (Listing[Obligation][and][Disclusurc] Requirements) Regulations,[2015,] we[forward herewith][ a ] copy[of][ letter][ received][from] cmsn.[Ltd] in respect[of] Corporate[Credit][ Rating][for][enhanced borrowings][ by][the] Company

You are requested to take the[above information] on[records.]

Thanking you,

Yours truly, For Kabra Extrusiomechnik Lid.

‘ “Let” . a[K.][ Chachad] Company secretary

End: As above

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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, iAi-;'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)

	AnnexureI - Bank-wised	AnnexureI - Bank-wised	etails of variousfacility cla	sses (outstanding	facilities)	facilities)
	kili		k	Amounl(Rs. in	OdiRli
S.No.	Ban Facty		Ban	Crore)	utstanngang
I	Bank Guarantee		State Bank of IndiaKotak Mahindra Bank	3.0	CRISIL AI
2	ChCdit			200	CRISILA/Nti
	a	re	Limited	.	+	egave
3	Ca	sh Credit	YES Bank Limited	20.0	CRISIL A+/	Necative
4	Ca	sh Credit	State Bank oflndia	9.0	CRISIL A+/	Negative
5	LetPro	ter of Creditposed Long Term Bank	State Bank of India	1.0	CRISIL AI
6	Lo	an Faeilitv	Proposed	1.0	CRISIL A+/	Negative
	Tol	al		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