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CARE reaffirms rating of Empee Distilleries’ bank facilities

27 Apr 2015 Evaluate

Credit rating agency, CARE has reaffirmed ‘D’ rating to Empee Distilleries’ long-term bank facilities worth Rs 75.25 crore. The rating takes into account instances of delays in debt servicing by Empee Distilleries (EDL). 

Empee Distilleries is the flagship company of the Empee group mainly engaged in the manufacturing of Indian Made Foreign Liquor (IMFL) in the states of Tamil Nadu (TN), Kerala and Karnataka. EDL has a licensed capacity of 7.2 million cases per annum, spread among these three states.

Peers
Company Name CMP
United Spirits 1348.00
United Breweries 1165.00
Radico Khaitan 4545.00
India Glycols 320.35
Allied Blenders&Dist 709.10
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