March 28, 2012

Mumbai

Usher Agro Limited

Rating Suspended

Total Bank Loan Facilities Rated	Rs.1029 Million
Long-Term Rating	Suspended

(Refer to Annexure 1 for details on facilities)

CRISIL has suspended its rating on the bank facilities of Usher Agro Limited (UAL). The suspension of rating is on account of non-cooperation by UAL with CRISIL’s efforts to undertake a review of the rating outstanding. Despite repeated requests by CRISIL; UAL is yet to provide information substantiating its ability to service debt. The suspension reflects CRISIL’s inability to maintain a valid rating in the absence of this information.

Annexure 1 - Details of various bank facilities

Current facilities			Previous facilities
Facility	Amount (Mln)	Rating	Facility	Amount (Mln)	Rating
Cash Credit	847	Suspended	Cash Credit	847	CRISIL BBB/Stable
Rupee Term Loan	182	Suspended	Rupee Term Loan	182	CRISIL BBB/Stable
Total	1029	--	Total	1029	--

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Mitu Samar Head, Communications and Brand Management CRISIL Limited Tel: +91-22- 3342 1838 E-mail: msamar@crisil.com Tanuja Abhinandan Communications and Brand Management CRISIL Limited Tel: +91-22- 3342 1818 Email: tabhinandan@crisil.com	Gurpreet S Chhatwal Director - CRISIL Ratings Tel: +91-11-4250 5100 Email: gchhatwal@crisil.com Arvind L Rao Senior Manager – CRISIL Ratings Tel: +91-22-4047 2238 Email: arao@crisil.com	Tel: +91-22-3342 3047/3342 3064 Email:CRISILratingdesk@crisil.com

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Last updated: March 31, 2011

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March 28, 2012	http://www.crisil.com