Ratings CRISIL - PVR Cinemas · 2019-11-28 · Ratings PVRLTD/205040INCD/081800968 August 20,2018...
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Ratings CONFIDENTIAL PYRL TD/205040/BLR/081800969 August 20, 2018 Mr. Nitin Sood Chief Financial Officer PYR Limited Block A 4th Floor, Building No.9, DLF Cyber City, Phase-II, Gurgaon - 122002 Tel: 1242549300 Dear Mr. Nitin Sood, Re: Review of CRISIL Ratings on the bank facilities of PYR Limited All ratings assigned by CRISIL are kept under continuous surveillance and review. CRISIL An S&P Global Company Please find in the table below the ratings outstanding for the debt instruments/lbcilities of the company, and the rating actions by CRISIL on the ratings as on date. RS.348.33 Crore CRISIL AA-/Stable As per our Rating Agreement, CRISIL would disseminate the ratings, along with the outlook, through its publications and other media, and keep the ratings, along with the outlook, under surveillance over the life of the instrument/facility. CRISIL reserves the right to withdraw, or revise the ratings, along with the outlook, at any time, on the basis of new information, or unavailability of information, Of other circumstances which CRISIL believes may have an impact on the ratings. Should you require any clarifications, please feel free to get in touch with us. With warm regards, Yours sincerely, Nitesh Jain Director - CRISIL Ratings _;;~f_~ ~y~-. Nivedita Shibu Associate Director - CRISIL Ratings A CRISIL rating reflects CRISJL's current opinion on the likelihood of timely payment of the obligations under the rated instrument and does not constitute an audit of the rated entity by CRISIL CRISIL ratings are based on information provided by the issuer or obtained by CRISIL from sources it considers reliable. CRIS/L does not guarantee the completeness or accuracy of the information on which the rating is based. A CRISIL rating is not a recommendation to buy, sell, or hold the rated instrument; it does not comment on the market price or suitability for a particular investor. All CRISJL ratmgs are under surveillance. Ratmgs are revised as and when circumstances so warrant. CRISIL is not responsible for any errors and especially states that it has no fmancia/liabillty whatsoever to the subscribers / users / transmitters / distributors of this product CRISIL Ratmgs rating criteria are available without charge to the public on the CRISIL web site, www.crisiLcom. For the latest rating information on any instrument of any company rated by CRISIL, please contact Customer SelVlce Hefpdesk at 1800-267-1301. CRISIL limited Corporate Identity Number: l671 20MH1987PLC042363 CRISll House, Central Avenue, Hiranandani Business Park, Powai, Mumbai - 400076. Phone: +91 22 3342 3000 I Fax:+91 2240405800 www.crisil.com
Transcript of Ratings CRISIL - PVR Cinemas · 2019-11-28 · Ratings PVRLTD/205040INCD/081800968 August 20,2018...
Ratings
CONFIDENTIALPYRL TD/205040/BLR/081800969August 20, 2018
Mr. Nitin SoodChief Financial OfficerPYR LimitedBlock A4th Floor, Building No.9,DLF Cyber City, Phase-II,Gurgaon - 122002Tel: 1242549300
Dear Mr. Nitin Sood,
Re: Review of CRISIL Ratings on the bank facilities of PYR Limited
All ratings assigned by CRISIL are kept under continuous surveillance and review.
CRISILAn S&P Global Company
Please find in the table below the ratings outstanding for the debt instruments/lbcilities of the company, and therating actions by CRISIL on the ratings as on date.
RS.348.33 CroreCRISIL AA-/Stable
As per our Rating Agreement, CRISIL would disseminate the ratings, along with the outlook, through itspublications and other media, and keep the ratings, along with the outlook, under surveillance over the life ofthe instrument/facility. CRISIL reserves the right to withdraw, or revise the ratings, along with the outlook, atany time, on the basis of new information, or unavailability of information, Of other circumstances whichCRISIL believes may have an impact on the ratings.
Should you require any clarifications, please feel free to get in touch with us.
With warm regards,
Yours sincerely,
Nitesh JainDirector - CRISIL Ratings
_;;~f_~~y~-.
Nivedita ShibuAssociate Director - CRISIL Ratings
A CRISIL rating reflects CRISJL's current opinion on the likelihood of timely payment of the obligations under the rated instrument anddoes not constitute an audit of the rated entity by CRISIL CRISIL ratings are based on information provided by the issuer or obtainedby CRISIL from sources it considers reliable. CRIS/L does not guarantee the completeness or accuracy of the information on which therating is based. A CRISIL rating is not a recommendation to buy, sell, or hold the rated instrument; it does not comment on the marketprice or suitability for a particular investor. All CRISJL ratmgs are under surveillance. Ratmgs are revised as and when circumstances sowarrant. CRISIL is not responsible for any errors and especially states that it has no fmancia/liabillty whatsoever to the subscribers /users / transmitters / distributors of this product CRISIL Ratmgs rating criteria are available without charge to the public on the CRISILweb site, www.crisiLcom. For the latest rating information on any instrument of any company rated by CRISIL, please contact CustomerSelVlce Hefpdesk at 1800-267-1301.
CRISIL limitedCorporate Identity Number: l671 20MH1987PLC042363
CRISll House, Central Avenue, Hiranandani Business Park, Powai, Mumbai - 400076. Phone: +91 22 3342 3000 I Fax: +91 2240405800www.crisil.com
Ratings
Annexure 1 - Bank-wise details of various facility classes (outstanding facilities)
CRISILAn SBrPGlobal Company
S.No. Bank Facilitv Bank Amount (Rs. in Crore) Outstandin!! Ratin!!I Lona Term Loan HDFC Bank Limited 170.4 CRISIL AA-/Stable2 Long Term Loan Induslnd Bank Limited 127.2 CRISIL AA-/Stable3 Long Term Loan ICICI Bank Limited 25.73 CRISIL AA-/Stable4 Workina Capital Facilitv YES Bank Limited 25.0 CRISIL AA-/Stable
Total 348.33
A CRISIL rating reflects CRISfL's current opinion on the likelihood of timely payment of the obligations under the rated instrument anddoes not constitute an audit of the rated entity by CRISIL. CRIS/L ratings are based on information provided by the issuer or obtainedby CRISfL from sources it considers reliable CRIS/L does not guarantee the completeness or accuracy of the information on which therating is based. A CRISfL rating is not a recommendation to buy, sell, or hold the rated instrument: it does not comment on the marketprice or suitability for a particular investor. All CRISIL ratings are under surveillance. Ratings are revised as and when circumstances sowarrant. CRISIL is not responsible for any errors and especially states that it has no financial liability whatsoever to the subscribers /users / transmitters / distributors of this product. CRISIL Ratings rating criteria are available without charge to the public on the CRISILweb site. wwwcrisif.com. For the latest rating information on any instrument of any company rated by CRISIL. please contact CustomerService Helpdesk at 1800.267-1301.
CRISIL LimitedCorporate Identity Number: L67120MH1987PLC042363
CRISIL House, Central Avenue, Hiranandani Business Park, Powai, Mumbai - 400076. Phone: +91 2233423000 I Fax: +91 2240405800www.crisil.com
Ratings
PVRLTD/205040INCD/081800968August 20, 2018
Mr. Nitin SoodChief Financial OfficerPVR LimitedBlock A4th Floor, Building NO.9,DLF Cyber City, Phase-II,Gurgaon - 122002Tel: 1242549300
Dear Mr. Nitin Sood,
CONFIDENTIAL
CRISILAn S&P Global Company
Re: Review of CRISI L Rating on the Non-Convertible Debentures Aggregating RS.685 Crore of I'VI{Limited
All ratings assigned by CRISIL are kept under continuous surveillance and review.
CRISIL has, after due consideration, reaffirmed its "CRISIL AA-/Slable" (pronounced as CRISIL double Aminus rating with Stable outlook) rating on the captioned debt instrument. Instruments with this rating areconsidered to have high degree of safety regarding timely servicing of financial obligations. Such instrumentscarry very low credit risk.
In the event of your company not making the issue within a period of 180 days from the above date, or in theevent of any change in the size or structure of your proposed issue, a fresh letter of revalidation from CRISILwill be necessary.
As per our Rating Agreement, CRISIL would disseminate the rating along with outlook through its publicationsand other media, and keep the rating along with outlook under surveillance for the life of the instrument.CRISIL reserves the right to withdraw or revise the ratings assigned to the captioned instrument at any time, onthe basis of new information, or unavailability of information or other circumstances, which CRISIL believes,may have an impact on the rating.
As per the latest SEBI circular (reference number: CIRJIMD/DF/l7/2013; dated October 22, 2013) oncentralized database for corporate bonds/debentures, you are required to provide intemational securitiesidentification number (ISIN; along with the reference number and the date of the rating letter) of allbond/debenture issuances made against this rating letter to us. The circular also requires you to share thisinformation with us within 2 days after the allotment of the ISIN. We request you to mail us all the necessaryand relevant information at debtissue@crisi!.col11. This will enable CRISIL to verify and confirm to thedepositories, including NSDL and CDSL, the ISIN details of debt rated by us, as required by SEll!. Feel free tocontact us for any clarifications you may have at [email protected]
Should you require any clarifications, please feel free to get in touch with us.
With warm regards,
Yours sincerely,
Nitesh JainDir~clor - CRlSIL Ratings
_-.......~~---...... ;;,..---~ .~.:.~y __ ...r"-
Nivedita ShibuAssociate Director - CRlSIL Ratings
A CRISIL rating refleds CRJSIL's current opinion on the likelihood of timely payment of the obligations under the rated instrument anddoes not constitute an audit of the rated entity by CRISIL CRISIL ratings are based on information provided by the issuer or obtainedby CRISIL from sources it considers reliable. CRISIL does not guarantee the completeness or accuracy of the information on which therating is based. A CRISIL ratmg is not a recommendation to buy, sell, or hold the rated instrument: It does not comment on the marketpnce or sUitability for a particular investor, All CRI$IL ratings are under surveillance. Ratings are revised as and when Circumstances sowarrant. CRIS/L is not responsible for any errors and especially stales that it has no financial liability whatsoever to the subscflbers /users / transmitters / distributors of this product. CRfSIL Ra~!itatlttU1ttltEtia are available wIthout charge to the public on the CRISILweb .,te. wwwcnsilcom. For the latest ClII'/iI>".!trffijWR!lf~i1lH6grs/('6'F1'i'6~H'fll8'j'/Il'eilaHil!l'd by CRtSIL. ptease contact CustomerService Helpdesk at 1800-267- 1301,
CRISIL House, Central Avenue, Hiranandani Business Park, Powai, Mumbai - 400076. Phone: +91 223342 3000 I Fax: +91 2240405800www.crisil.com
