Credit rating agency, Credit Analysis & Research (CARE) has reaffirmed the credit rating of ‘A+’ assigned to long term bank facilities of Dhunseri Petrochem & Tea and ‘A1+’ rating assigned to short term facilities of the company. At the same time CARE has reaffirmed the credit rating of ‘A1+’ assigned to the Short Term Debt (STD) programme including Commercial Paper of the company of Rs 100 crore for a maturity up to six months.
Besides, at the request of the company, CARE has withdrawn the ratings assigned to the Proposed Non-Convertible Debenture issue of Rs 100 crore, with effect from September 30, 2013. Further, there is no amount outstanding under the facility/ issue as on September 30, 2013.
Dhunseri Petrochem & Tea is the flagship company of the Kolkata based Dhunseri group belonging to Dhanuka family. The company is engaged in cultivation, manufacture and sale of tea with 11 tea gardens (all of them located in and around Assam) and manufacturing of PET resins.
Source:-berkeleygains
Besides, at the request of the company, CARE has withdrawn the ratings assigned to the Proposed Non-Convertible Debenture issue of Rs 100 crore, with effect from September 30, 2013. Further, there is no amount outstanding under the facility/ issue as on September 30, 2013.
Dhunseri Petrochem & Tea is the flagship company of the Kolkata based Dhunseri group belonging to Dhanuka family. The company is engaged in cultivation, manufacture and sale of tea with 11 tea gardens (all of them located in and around Assam) and manufacturing of PET resins.
Source:-berkeleygains