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VARVEE GLOBAL LIMITED Capital/Financing Update 2020
60854_rns_2020-03-02_132d0424-e3e7-4c98-9b63-9754533e620e.pdf
Capital/Financing Update
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., N Old Octroi Naka Narol Ahmedabad.-382405. Regd. Office: 191, Shahwadi, NarolF - srkhge_~~~~:~47;52 CIN: l17110GJ1988PlC010504 Ph : +91 -79 -68147000, ax. + . d . s com E-mail: [email protected] • Website: www.aarvee- emrn .
Date: 29-02-2020
| To, | To, | ||
|---|---|---|---|
| TheManager(Listing) | TheManager(Listing) | ||
| TheBombayStockExchangeLtd.TheNationalStockExchangeofIndiaLtd | |||
| Phiroze]eejeebhoyTowers, | "ExchangePlaza"5th Floor, | ||
| DalalStreet, | c/i.PlotNo.G-Block,Bandra-Kurla | ||
| Mumbai-400001 | Complex,Mumbai-400051 |
Company Code: 514274 (BSE) Company Code: AARVEEDEN (NSE)
Dear Sir/Madam,
Sub: Reaffirmation and Assignment of Credit Rating for Bank Loan Facilities
With reference to above, please be informed that following rating has been assigned to the Company from Brickwork Ratings India Private Limited for Bank Loan facilities of Company aggregating Rs. 351.50 Crores (Rupees Three Hundred Fifty One Crores and Fifty Lakhs Only).
| Facility | Limits(Rs.In | Tenure | Rating |
|---|---|---|---|
| Crores] | |||
| TermLoans | 40 | LongTerm | BWRBB(Negative) |
| FundBasedWorkingCapital | 265.5 | ||
| NFBasedWorkingCapital | 46 | ShortTerm | BWRA4 |
| TotalAmount | Rs.351.50(RupeesThreeHundredFiftyOneCrores | ||
| andFiftyLakhsOnly) |
Please take the same on your record.
Thanking you, Yours faithfully,
FOR, AARVEE DENIMS & EXPORTS LTD
~haker Company Secretary & Compliance Office (M.No: A46919)
