RATING RATIONALE
05Jul2021

Container Corporation of India Ltd.

Brickwork Ratings withdraws the ratings for the proposed Bank Loan Facilities of Rs. 10500 Crs of Container Corporation of India Ltd.

Particulars
Facilities** Amount (Rs.Crs.) Tenure Rating#
Previous Present Previous
(02 Sep 2020)
Present
Fund Based 9000.00 0.00 Long Term BWR AA+ /Ratings under Watch with Developing Implications
Withdrawal
1500.00 0.00 Short Term BWR A1+
Withdrawal
Grand Total 10500.00 0.00 (Rupees zero Crores Only)
#Please refer to BWR website www.brickworkratings.com for definition of the ratings
**Details of Bank Loan facilities,consolidation or instruments are provided in Annexure

RATING ACTION / OUTLOOK

Brickwork Ratings (BWR) has withdrawn the ratings assigned to the proposed bank loan facilities of Container Corporation of India Ltd as the said loans have not been raised by the company. Based on the company's request and in line with the BWR Withdrawal Policy, the ratings have been withdrawn.

ABOUT THE ENTITY

Container Corporation of India Ltd (CONCOR) was incorporated in 1988 and commenced operations in November 1989 by taking over the existing network of 7 Inland Container Depots (ICDs) from the IR. Since then, the company has considerably expanded its network with the number of terminals increasing to 63 (both owned and through strategic tie-ups). In addition to providing inland transport by rail for containers, it has also expanded to cover the management of ports, air cargo complexes and establishing cold-chain. The company is listed on both the BSE and NSE, and its status was upgraded to Navratna in July 2014.

RATING HISTORY FOR THE PREVIOUS THREE YEARS (including withdrawal and suspended)
Facilities Current Rating  (2021) 2021 (History) 2020 2019 2018
Type Tenure Amount
(Rs.Crs.)
Rating Date Rating Date Rating Date Rating Date Rating
Fund Based LT NA
NA
NA
NA
02Sep2020
BWR AA+/Ratings under Watch with Developing Implications
()
NA
NA
NA
NA
Fund Based ST NA
NA
NA
NA
02Sep2020
BWR A1+
()
NA
NA
NA
NA
Grand Total 0.00 (Rupees zero Crores Only)
COMPLEXITY LEVELS OF THE INSTRUMENTS - NA

BWR complexity levels are meant for educating investors. The BWR complexity levels are available at www.brickworkratings.com / download / ComplexityLevels.pdf. Investors queries can be sent to info@brickworkratings.com.

Hyperlink/Reference to applicable Criteria
Analytical Contacts

Aakriti Sharma

Manager - Ratings Board : +91 11 2341 2232 aakriti.s@brickworkratings.com

Vipula Sharma

Director - Ratings Board : +91 80 4040 9940 vipula.s@brickworkratings.com
1-860-425-2742 | media@brickworkratings.com
Container Corporation of India Ltd.
ANNEXURE-I
Details of Bank Facilities rated by BWR
SL.No. Name of the Bank/Lender Type Of Facilities Long Term(Rs.Crs.) Short Term(Rs.Crs.) Total(Rs.Crs.)
Total 0.00 0.00 0.00
TOTAL (Rupees zero Crores Only)
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