|
CRISIL has suspended its ratings on the bank facilities of PBA Infrastructure Ltd (PBA). This is because PBA has not been providing information on its operations and financials to CRISIL. The suspension reflects CRISIL’s inability to maintain a valid rating in the absence of information from PBA.
About the Company
PBA undertakes civil engineering projects in the infrastructure segment, primarily in the construction of roads, highways, and runways. It is registered with the Public Works Department, Government of Maharashtra (GoM), as a Class-1A contractor, and with the Municipal Corporation of Greater Mumbai as a Class-AA contractor in the civil division. The company is ISO 9001:2000-certified for the construction of bridges and roads. Its clients include National Highway Authority of India, GoM, Government of Jammu and Kashmir, Airports Authority of India, Jawaharlal Nehru Port Trust, City and Industrial Development Corporation, Mumbai Metropolitan Region Development Authority, Maharashtra State Road Development Corporation, and Military Engineering Services.
Established by Mr. Roshanlal Melaram in 1974 as Prakash Building Associates Pvt Ltd, PBA was reconstituted as a public limited company in 1987, with an initial public offering of Rs.300 million in 2005–06 (refers to financial year, April 1 to March 31). It is listed on the Bombay Stock Exchange and National Stock Exchange.
|
 |
|
Media Contacts
|
Analytical Contacts
|
CRISIL Rating Desk
|
Mitu Samar
Head, Market Development & Communications
CRISIL Limited
Tel: +91-22- 3342 1838
E-mail: msamar@crisil.com
Tanuja Abhinandan
Market Development & Communications
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
Subodh K Rai
Head - CRISIL Ratings
Tel: +91-11-4250 5100
Email: srai@crisil.com
|
Tel: +91-22-3342 3047/3342 3064
Email:CRISILratingdesk@crisil.com
|
|
Note:
This rating rationale is transmitted to you for the sole purpose of dissemination through your newspaper / magazine / agency. The rating rationale may be used by you in full or in part without changing the meaning or context thereof but with due credit to CRISIL. However, CRISIL alone has the sole right of distribution of its rationales for consideration or otherwise through any media including websites, portals etc.
|
Crisil complexity levels are assigned to various types of financial instruments. The crisil complexity levels are available on www.crisil.com/complexity-levels.
investors are advised to refer to the crisil complexity levels for instruments that they propose to invest in. Investors can also call the crisil helpline at +91 22 3342 3047 / + 91 22 3342 3064 with queries on specific instruments.
|
|
CRISIL is India's leading Ratings, Research, Risk and Policy Advisory company. CRISIL leverages its core strengths of credibility and analytical rigour to deliver opinions and solutions, that help clients mitigate and manage their business and financial risks, make markets function better, and help shape public policy. For more information, visit www.crisil.com
Disclaimer: CRISIL rating reflects CRISIL's current opinion on the likelihood of timely payment of the obligations under the rated instrument and does not constitute an audit of the rated entity by CRISIL. CRISIL ratings are based on information provided by the issuer or obtained by CRISIL from sources it considers reliable. CRISIL does not guarantee the completeness or accuracy of the information on which the rating is based. A CRISIL rating is not a recommendation to buy, sell, or hold the rated instrument; it does not comment on the market price or suitability for a particular investor. All CRISIL ratings are under surveillance. Ratings are revised as and when circumstances so warrant. CRISIL is not responsible for any errors and especially states that it has no financial liability whatsoever to the subscribers / users / transmitters / distributors of this product. CRISIL Ratings’ rating criteria are generally available without charge to the public on the CRISIL public web site, www.crisil.com. For the latest rating information on any instrument of any company rated by CRISIL, please contact CRISIL RATING DESK at CRISILratingdesk@crisil.com, or at (+91 22) 3342 3000
|
|
