ICRA Suspends Rating for Firozabad Ceramics Private Limited

ICRA has suspended its D rating assigned to the Rs. 18.34 crore fund based and non-fund based facilities of Firozabad Ceramics Pvt. Ltd. due to its inability to carry out a rating surveillance in the absence of required information from the company. The suspension is a result of ICRA's failure to obtain necessary data from Firozabad Ceramics, hindering their rating evaluation process. This development may impact the company's future financial operations and investor confidence.

Key Takeaways:

• ICRA has suspended its D rating for Firozabad Ceramics Pvt. Ltd.'s Rs. 18.34 crore facilities due to lack of required information.
• The suspension is effective, as ICRA was unable to carry out a rating surveillance.
• Firozabad Ceramics Private Limited's financial operations may be impacted by the rating suspension.
• Mr. Sabyasachi Majumdar and Mr. Vivek Mathur, analysts at ICRA, are available for further information on the matter.
• ICRA's rating agency has a process of surveillance, which may lead to revisions in ratings.

Statistics:

• Rs. 18.34 crore, the value of the fund based and non-fund based facilities.
• +91 124 4545304, the phone number of Mr. Sabyasachi Majumdar.
• sabyasachi@icraindia.com, the email address of Mr. Sabyasachi Majumdar.
• +91-124-4545310, the phone number of Mr. Vivek Mathur.
• vivek@icraindia.com, the email address of Mr. Vivek Mathur.

Sources:

• ICRA Limited, December 2014.
• Rating Agency Website: http://www.icra.in/.
• Vendor: AII Data Processing.