Dollar Industries : Credit Rating

Rating Letter - Intimation of Rating Action

Letter Issued on: August 05, 2022

Letter Expires on: November 01, 2023

Annual Fee valid till: November 01, 2023

Dollar Industries Limited

32, Jawaharlal Nehru Road, Om Tower, 15th

Floor, Kolkata - 700071 West Bengal, India

Kind Attn.: Mr. Ajay Patodia, CFO (Tel. No. 9331039705)

Dear Mr. Patodia,

Scan this QR Code to verify authenticity of this rating

Sub.: Rating(s) Reaffirmed - Bank Loans / Debt Instruments of Dollar Industries Limited

Please note that the current rating(s) and outlook, instrument details, and latest rating action for the aforementioned instrument are as under:

	Long Term Instruments		Short Term Instruments
Total Rated Quantum (Rs. Cr.)	304.34		1.33
Quantum of Enhancement (Rs. Cr.)		100.00
Rating	ACUITE AA		ACUITE A1+
Outlook	Stable		Not applicable
Most recent Rating Action	Reaffirmed		Reaffirmed
Date of most recent Rating Action	August 05, 2022		August 05, 2022
Rating Watch	Not applicable		Not applicable

Acuité reserves the right to revise the ratings, along with the outlook, at any time, on the basis of new information, or other circumstances which Acuité believes may have an impact on the ratings. Such revisions, if any, would be appropriately disseminated by Acuité as required under prevailing SEBI guidelines and Acuité 's policies.

This letter will expire on November 01, 2023 or on the day when Acuité takes the next rating action, whichever is earlier. It may be noted that the rating is subject to change anytime even before the expiry date of this letter. Hence lenders / investors are advised to visit https://www.acuite.in/OR scan the QR code given above to confirm the current outstanding rating.

Acuité will re-issue this rating letter on November 02, 2023 subject to receipt of surveillance fee as applicable. If the rating is reviewed before November 01, 2023, Acuité will issue a new rating letter.

Suman Chowdhury

Chief Analytical Officer

Annexures:	A. Details of the Rated Instrument
	B. Details of the rating prior to the above rating action

Acuité Ratings & Research Limited

SEBI Registered | RBI Accredited

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Annexure A. Details of the rated instrument

Bank	Facilities	Scale	Previous Amt.	Current Amt.	Ratings	Rating Action
(Rs. Cr)	(Rs. Cr)
Fund Based Facilities
State Bank of	Cash	Long	50.00	50.00	ACUITE AA/	Reaffirmed
India	Credit	Term			Stable
HDFC Bank	Cash	Long	45.00	45.00	ACUITE AA/	Reaffirmed
Credit	Term			Stable
	Term	Long	0.27	0.27	ACUITE AA/	Reaffirmed
	Loan	Term			Stable
Citi Bank	Cash	Long	45.00	45.00	ACUITE AA/	Reaffirmed
	Credit	Term			Stable
Qatar National	Cash	Long	30.00	30.00	ACUITE AA/	Reaffirmed
Bank	Stable
Credit	Term
ICICI Bank	Cash	Long	20.00	20.00	ACUITE AA/	Reaffirmed
Credit	Term			Stable
	Term	Long	0.15	0.15	ACUITE AA/	Reaffirmed
	Loan	Term			Stable
Indian Bank	Cash	Long	10.00	10.00	ACUITE AA/	Reaffirmed
Credit	Term			Stable
	Term	Long	3.46	3.46	ACUITE AA/	Reaffirmed
	Loan	Term			Stable
Not Available	Proposed Long	Long	0.46	0.46	ACUITE AA/	Reaffirmed
Term Bank
	Term			Stable
	Facility
Not Available	Proposed Long	Long	-	100.00	ACUITE AA/	Assigned
Term Bank
	Term			Stable
	Facility
Total Fund Based Facilities		204.34	304.34
Non-Fund Based Facilities
State Bank of	Bank	Short	1.33	1.33
Guarantee	ACUITE A1+	Reaffirmed
Term
India	/ Letter of
	Credit
Total Non-Fund Based Facilities		1.33	1.33
Total Facilities			205.67	305.67

Annexure B. Details of the rating prior to the above rating action

	Long Term Instruments	Short Term Instruments
Previous Rated Quantum	204.34 Cr.	1.33 Cr.
Rating	ACUITE AA	ACUITE A1+
Outlook	Stable	Not applicable

DISCLAIMER

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