Acuite Ratings assigns rating to Astron Paper’s bank facilities

Astron Paper & Board Mill Ltd. | Paper & Paper Products | Paper & Stationary | BSE: 540824 | NSE: ASTRON

28 Jun 2018 Evaluate

Rating agency, Acuite Ratings & Research has assigned long term debt rating of ‘BBB-’ to Astron Paper & Board Mill against previous Long term rating of ‘BB’ given by ICRA. The rating agency has also assigned short term rating of ‘A3’ against previous ‘A4’ given by ICRA on Rs 113 crore bank facilities as on June 27, 2018 and expressed outlook is stable.

Astron Paper & Board Mill is engaged in the manufacturing of kraft paper (paperboard or cardboard). It comes up with the eco-friendly concept and working towards goal of converting waste in to wealth.

Peers

Company Name	CMP
JK Paper	411.20
West Coast PaperMill	745.25
Seshasayee Paper	246.45
Orient Paper & Inds.	16.97
Genus Paper & Boards	11.69
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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
Brand Logo:
SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045

Compliance Officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com	Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com	Telephone: +919860919463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.