April 27, 2011
CRISIL: BALAJI AMINES LIMITEDís bank loan ratings suspended
Rs.600 Million Cash Credit BBB+/Stable (Suspended)
Rs.287.2 Million Term Loans BBB+/Stable (Suspended)
Rs.370.0 Million Letters of Credit and Bank Guarantees P2 (Suspended)

CRISIL has suspended its rating on the bank facilities of Balaji Amines Ltd (BAL). This is because BAL has not been providing any information on its operations and financials to CRISIL. The suspension reflects CRISILís inability to maintain a valid rating in the absence of information from BAL.

About the Company
BAL, set up in 1988, is a leading manufacturer of aliphatic amines and derivatives, and specialty and fine chemicals in India. The company has manufacturing facilities at Tuljapur (Maharashtra) and Bollaram (Andhra Pradesh). A third unit for research and development, set up at Solapur (Maharashtra), commenced operations in the first quarter of 2009-10 (refers to financial year, April 1 to March 31). The major products in BALís portfolio are methylamines, ethylamines, dimethylamine hydrochloride, N-methyl-2-pyrrolidone, morpholine, choline chloride, and dimethyl urea.

Media Contacts Analytical Contacts CRISIL Rating Desk
Mitu Samar
Head, Market Development
& Communications
CRISIL Limited
Tel: +91-22- 3342 1838
Mobile No: +91- 9820061934
E-mail: msamar@crisil.com

Tanuja Abhinandan
Market Development
& Communications
CRISIL Limited
Tel: +91-22- 3342 1818
Email: tabhinandan@crisil.com

Pawan Agrawal
Director - CRISIL Ratings
Tel: +91-22-3342 3301
Email: pagrawal@crisil.com

Ashutosh Satsangi
Head - CRISIL Ratings
Tel: +91-22-3342 3096
Email: asatsangi@crisil.com

Tel: +91-22-3342 3047/3342 3064

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Last updated: March 31, 2011

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April 27, 2011


Balaji Amines Limited