Brickwork Ratings had last reaffirmed the rating of the long term Bank Loan Facilities of Rs.36.29 Crs to BWR BBB-/Stable and reaffirmed the short term bank loan facilities of Rs.18.00 Crs at BWR A3, aggregating Rs.54.29 Crs, of Shiva Global Agro Industries Ltd. on 19 Oct. 2021. The rating has become overdue for surveillance now. The review is under process.
As more than 12 months have elapsed since the last rating, BWR hereby informs that it has not been possible to review the rating within the stipulated time, mainly due to non-receipt of essential information required for review. If Shiva Global Agro Industries Ltd. continues to delay in providing the essential information, BWR will act suitably in accordance with the extant SEBI guidelines. This advisory should not be construed as a rating reaffirmation.
For other details, please refer to our previous detailed rationale: Click Here
Analytical Contacts | |
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Ambar Kumar Chauhan Ratings Analyst ambarkumar.c@brickworkratings.com |
Anuradha Gupta Director - Ratings anuradha.g@brickworkratings.com |
1-860-425-2742 | media@brickworkratings.com |
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About Brickwork RatingsBrickwork Ratings (BWR), a Securities and Exchange Board of India [SEBI] registered Credit Rating Agency and accredited by Reserve Bank of India [RBI], offers credit ratings of Bank Loan, Non- convertible / convertible / partially convertible debentures and other capital market instruments and bonds, Commercial Paper, perpetual bonds, asset-backed and mortgage-backed securities, partial guarantees and other structured / credit enhanced debt instruments, Security Receipts, Securitization Products, Municipal Bonds, etc. BWR has rated over 12,000 medium and large corporates and financial institutions’ instruments. BWR has also rated NGOs, Educational Institutions, Hospitals, Real Estate Developers, Urban Local Bodies and Municipal Corporations. BWR has Canara Bank, a leading public sector bank, as one of the promoters and strategic partner. BWR has its corporate office in Bengaluru and a country-wide presence with its offices in Ahmedabad, Chandigarh, Chennai, Hyderabad, Kolkata, Mumbai and New Delhi along with representatives in 150+ locations.
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