BALRAMPUR CHINI MILLS LIMITED REGO, OFF, : “FMC FORTUNA" 2ND FLOOR, 234/94, A. J. C. BOSE ROAD, KOLKATA-700 020 PHONE : 2287-4749 FAX : (033) 22873083 | 22808674 GRAM : BALSUCO, CALCUTTA Email: bemi@bomL.in « Intemet Website htip://www.chini.com ® CIN - L15421WB1975PLCO30118 1 April, 2016 National Stock Exchange of India| BSE Limited ‘The Calcutta Stock Exchange Limited ‘The Corporate Relationship Limited Listing Deptt, Exchange Plaza, Sth | Department 7, Lyons range, Floor, Ist Floor, New Trading Wing, _| Kolkata 700 001 Plot No. C/I, G Block, Rotunda Building, Bandra Kurla Complex, Bandra (E) | Phiroze Jeejeethoy Towers ‘Mumbai- 400051 Dalal Street, For, ‘Mumbat- 400001 ‘SeripCode: BALRAMCHIN ‘Serip Code: 500038 Scrip Code: 12012 Deer Sir! Madam, Ref: Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulation 2015 Sub: Update on Credit Rating ‘This is to inform you that ICRA Limited ~ the Credit Rating Agency, vide its letter dated April 1, 2016 (copy enclosed), informed us regarding the following revision in Credit Rating of the Company: ICRA Credit Rating, Upgraded to [ICRAJA* for Rs. 524.25 Cr, Long Term Loans (pronounced ICRA A plus) ICRA Credit Reting Upgraded to [ICRAJAL+ for Rs, 1500 Cr. Short Term Credit Facilities (pronounced ICRA A one plus) Further, the rating agency has also revised the outlook on long term rating as Stable. ‘This is for your information and records please. ‘Thanking you, Yours faithfully, For Balrampur Chini Mills Limited PRagenr™ Nitin Bagaria (Company Seeretiry) FACTORIES :BALRANPUR « BABINAN » TULSIPUR e HDERGAFE« AMGARPUR« MANKAPUR « RAJZAGAON « KUMI GULARIA® MAZAPUR © KHALLABADICRA Limited Ref: ICRAMOLIRA/2016-17/1084 Api, 2016 Mr. Pramod Patwi Chief Financial Oficer Balrampur Chini Mls Limited FMC Fortuna, 2nd Floor 234/34, A.J C Bose Road Kolkata 700020 Dear Sir, Re: Surveillance of ICRA-assigned Credit Rating for Rs. 2028.62! crore Line of Creit of Balrampur Chini Mls Limited (insttument details in Annexure) ‘As you are aware that in terms of the mandate letter rating agreement received from its cents, (CRA is required to eview alls ratings, on an annual basis, or as and wher the circumstances so warrant. Please note thatthe Rating Committee of ICRA, after due consideration, has upgraded the long-term rating for the captioned Line of Credit (LOC) ram [CRAJA (pronaunced ICRA A) to [ICRAJAF (pronounced ICRA A pus)" The Rating Commitee of ICRA has aso upgraded the shor-tem rating or the capboned LOC fom [ICRAJAT {pronounced ICRA A one o [ICRAJAA (pronounced ICRA A one glu). The outtok ante long term rating has been revised io Stable, ‘The aforesaid ratings are valid till March 31, 2017. ‘The ratings as stated above are specifi to the terms and conditions ofthe LOC as indicated to us by you. In case there is any change inthe terms and conditions, ort size of the rated LOC, the same must be brought to cur notice immediately. Any such change would warrant a rating review, following which there could be a change in the ratings assigned ICRA reserves the right to suspend, withdrew or revise the above rating at any time on the basis of new information or unavliabity of information or such other circumstances, which ICRA believes, may have an impact onthe rating assigned to you, You are required to fumish a periodic statement (nthe format enclosed) confirming the timeliness of payment of all obigetions agains the rated debt programme fintrest ard principal cbigations fr fund based as wel as, obligations under LOCIBG for nov fund based fait) You ar also requied to inform us forthwith of any detaut or delay inthe payment of interest andor principal against he rated debt programme, ot any other debt instuments andlor borrowings of your company. Further, YOU ate requested to keep us informed of any other developments that could have a director iniect impact on the debt servicing capabity of your company, wih such developments inctuding, bu nt linited to, any proposal for r-schedulament or postponement of repayment against any dues andlor debs of your company with any lender(s) andor investors) " Toxal borrowings under eash eri and CPISTD tbe imiadt saedaned cash ret its or drawing power which slower "For complete rating definition pease eferto ICRA Website ww jean or any ofthe ICRA Rating Publications BhkaBatksA FMC FORTUNA, A-10& A-11, 3" Floor Tel. : +(91 33) 2280 0008, 2283 1411 website : wwwmicrain BAIA, ALC. Bose Road 9138) 2267 6617, 2267 8839. CIN': L749DODL1991PLCDEZ749 Kolksts700 620 Fax 91 33)2287 0728, 71501150 Regd. Off: 1105, Kailash Building, 11th Floor, 26, Kasturba Gandhi Marg, New Deihi- 110 001 RATING + RESEARCH + INFORMATION\We thank you for your kind cooperation extended during the course ofthe rating exercise. tease let us know if you need any claiication Wit regards, Yours sincerely for ICRA Limited Jayata Roy q Ekta Banka Seniar Vice President Senior AnalystFormat for peiic undertaking [Tobe sent periodically to ICRA Limited by email and tex) The company has been regular in sorvicing al its principal and interest obligations in a timely manner and there has not been any delay or default (a missed or delayed payment in breach of the agreed terms ofthe ‘ssue) during the specified period, We also confim that there has been no re-schedulement in agar fo any of company's dett obligations. We also confirm that there has been mo overdrawal of the drawing power sanctioned by the bank for a period of mere then 30 consecutive days in case of bank faites which do not hhave Scheduled matuctyrepayment dates.Annexure! Balrampur Chini Mils Limited Details ofthe bank limits rated by ICRA (Rated on long tem scale) Instruments Rs. crores Rating ‘Assigned on frau | Term loans and Sof Loans 10m (Ethane roms, 9800 OFC Bark coe) 19538 Revised upwards coced roms. 15000 | a cRa, suse an nda baal oxnreved i | Mash 201 Purjb Nena 855% 0369 site 2421 (Rete tom Rs. 2682 Excise duty loan (PNB & SBI) crore) Gash crest a} eed upwards | Wah 20 216 (Resuesdtom Rs 18500 | 1CRHks aoe Slate Bonk ofa 10) revs sable Purjb atonal Bark 70 AOEC Bank 25:0 Tota 202425 Detals ofthe bank inks ate by ICRA (Raton short tm scl) insu Ra wowe Rang [Assigned on (Amount) Hon fun Based i Site Bark of ide STE] Fevsedupwats © | arn 0,206 State Bank of India -Forward Cover 437 Sle Total 437 The non fund based mis is sublmit of the Cash credit acy