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CRISIL has suspended its ratings on the above-mentioned bank facilities of Haresh Petrochem Pvt Ltd (HPPL). The suspension is occasioned by the fact that HPPL has not been providing information on its operations and financials to CRISIL, and reflects CRISIL’s inability to maintain a valid rating in the absence of information from the company.
About the Company
HPPL was incorporated in 2004 by amalgamating Haresh Kumar & Co, an active pharmaceutical ingredient trading entity, and Haresh Tradelink, which was into trading in specialised chemicals. HPPL is engaged in trading, marketing, and distribution of petrochemicals and solvents.
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Media Contacts
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Analytical Contacts
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CRISIL Rating Desk
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Tanuja Abhinandan
Market Development & Communications
CRISIL Ltd.
Tel: +91-22-6758-8046
Facsimile: +91-22-6758-8088
Email: tabhinandan@crisil.com
Jyoti Parmar
Market Development & Communications
CRISIL Ltd.
Tel: +91-22-6758-8054
Facsimile: +91-22-6758-8088
Email: jparmar@crisil.com
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Gurpreet S Chhatwal
Director - CRISIL Ratings
Tel: +91-11-4250 5100
Email: gchhatwal@crisil.com
Subodh K Rai
Head - CRISIL Ratings
Tel: +91-11-4250 5100
Email: srai@crisil.com
| Tel: +91-22-6691 3047 / 6691 3064
Email: CRISILratingdesk@crisil.com
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Note:
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CRISIL Complexity Levels are assigned to various types of financial instruments. The CRISIL Complexity Levels are available on www.crisil.com/complexity-levels. Investors are advised to refer to the CRISIL Complexity Levels for instruments that they propose to invest in. Investors can also call the CRISIL Helpline at +91 22 6691 3047 / + 91 22 66913064 with queries on specific instruments.
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Disclaimer: A CRISIL rating reflects CRISIL'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. CRISIL 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 CRISIL ratings are under surveillance. Ratings are revised as and when circumstances so warrant. 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 generally available without charge to the public on the CRISIL public web site, www.crisil.com. For the latest rating information on any instrument of any company rated by CRISIL, please contact CRISIL RATING DESK at CRISILratingdesk@crisil.com, , or at (+91 22) 6691 3001 - 09.
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