April 27, 2011
Mumbai
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.

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Market Development
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CRISIL Limited
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Pawan Agrawal
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Email: pagrawal@crisil.com

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

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Last updated: March 31, 2011

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April 27, 2011

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Balaji Amines Limited