Hanung Toys and Textiles LImited

Hanung Toys and Textiles LImited - HTTL Sep 2011 Note for...

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HTTL Sep 2011 Note for the Internal Rating Committee Meeting Hanung Toys and Textiles Limited (HTTL) Existing Proposed Instruments Amount (Rs. Crore) Ratings Date of Last review Amount Remarks (Rs. Crore) Commercial paper* 40.00 CARE A1 Jun 27, [email protected] 40.00 Revalidation Total 40.00 40.00 Other outstanding ratings Long term bank facilities 197.79 CARE A March 24, 2011# 197.79 - Short-term bank facilities 845.40 CARE A1 March 24, 2011# 845.4 - Total 1043.19 1043.19 *carved out of working capital limits @revalidation #surveillance DRO Analyst – Amit Jindal, Neeru Khanna Group Head- Jyotsna Gadgil Reasons for Review: Revalidation The surveillance for HTTL was carried out in Mar’11 and reaffirmed at CARE A and CARE A1 for long term and short-term bank facilities respectively. Further the surveillance for CP of Rs.40cr was carried in Mar’11 and the rating was later revalidated in Jun’11 (reaffirmed at CARE A1). HTTL has requested CARE for revalidation of the rating for CP aggregating Rs.40 crore (carved out of working capital limits). The current outstanding CP as on Sept ??is Rs. 40 cr. The details of the same are?? Details of outstanding CP: Pl add that CP table as per the term sheet here No Default Statement: Latest Statement Date Details of Defaults, if any Remarks Sep 21, 2011 None No defaults. Brief Profile HTTL is engaged in manufacturing stuff toys and home furnishing products,. The manufacturing facilities are located in Greater Noida (UP), Roorkee (Uttrakhand) and Bhiwandi (Maharashtra).
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