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ICRA suspends rating for Stanpacks’ term loans and cash credit facilities

17 Nov 2011 Evaluate

ICRA has suspended “LBB” rating assigned for Stanpacks’ (India) Rs 2.8 crore term loans and Rs 10.0 crore cash credit facilities. The credit rating agency has also withdrawn “A4” rating assigned for Rs 0.8 crore letter of credit facilities of the company. The suspension follows ICRA’s inability to carry out a rating surveillance in absence of the requisite information from company.

Stanpacks India is a part of BLISS Group of Companies. The company is engaged in the manufacture of all types of flexible water proof packing materials. The products are tailor made to meet customers’ requirements. The company is also expanding its activities for the manufacture of polypropylene bags.

Stanpacks India Share Price

10.20 -0.32 (-3.04%)
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