AI assistant
Kilburn Engineering Ltd Capital/Financing Update 2021
61063_rns_2021-09-17_06c8320a-d00d-477a-b7fc-b9fd50dcf1a7.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
BURN ENGINEERING LTD. KIL
PLOT NO. 6, MIDC-SARAVALI, KALYAN BHIWANDI ROAD, TALUKA BHIWANDI, DIST. THANE - 421 311, MAHARASHTRA, INDIA Tel: (Board No.) +91 2522 663800 / 283000 Fax: +91 2522 281026 / 280166 Email: [email protected] Website: www.kilburnengg.com
17th September, 2021
To. The Corporate Relationship Department BSE Limited P.J. Tower, Dalal Street, Fort, Mumbai-400 001. Scrip Code: BSE 522101
To, The Secretary The Calcutta Stock Exchange Ltd. 7. Lyons Range, Kolkata - 700 001. Scrip Code: CSE 21022
Sub: Credit Rating for Banking Facilities (IND BB+ / A4 + ) assigned by INDIA RATINGS & RESEARCH (Ind-Ra).
This is to inform you that India Ratings & Research Private Limited (Ind-Ra) has vide their rating release dated 16th September, 2021 assigned Long Term Issuer Credit Rating of 'IND BB + / A4' (Outlook: Stable) for Credit Facilities availed by the Company from various Banks and assigned a stable outlook, as following :
| Facilities | Amount (Rs. Crore) |
Rating Assigned $(by \ln d-Ra)$ |
Rating Action |
|---|---|---|---|
| 65.00 | IND BB +; Stable (Double B, positive ; Outlook : Stable) |
upgraded from CARED |
|
| Term Loan | IND BB +; Stable (Double B, positive ; Outlook : Stable) |
upgraded from CARE C / CARE A4 |
|
| Fund Based Limits Non Fund Based Limits |
20.00 29.13 |
$INDA4 +$ (A Four, positive) |
upgraded from CARE C / CARE A4 |
| Total existing bank facilities |
(Rupees One Hundred Fourteen Crore and Thirteen Lakhs 114.13 Only) |
||
| Proposed Fund Based Limits |
5.00 | IND BB +; Stable (Double B, positive ; Outlook : Stable) |
upgraded from CARE C / CARE A4 |
| Proposed Non Fund Based Limits |
45.87 | $INDA4 +$ (A Four, positive) |
upgraded from CARE C / CARE A4 |
| Total proposed working capital limits |
50.87 | (Rupees Fifty Crore and Eighty Seven Lakhs only) |
Previous credit ratings for Company's bank facilities were assigned by CARE Ratings Ltd. and revised ratings as above are indicative of improved credit rating, pursuant to debt restructuring by the Company.
AN ISO-9001 : 2000 CERTIFIED COMPANY
Page 1 of 2
REGD. OFFICE : FOUR MANGOE LANE, SURENDRA MOHAN GHOSH SARANI, KOLKATA - 700 001, INDIA.
Thanking You,
$\mathbf{h}$
Yours truly,
For Kilburn Engineering Ltd
$<$ M
Arvind Bajoria
Company Secretary & DGM (Costing)