CARE Ratings has reaffirmed the credit ratings of Globus Spirits Limited, with a long-term rating of A+ (Stable) and a short-term rating of A1+.
The ratings were reviewed for various bank facilities of the company, according to a release from Globus Spirits.
| Facilities | Rating | Rating Action |
|---|---|---|
| Long Term Bank Facilities | CARE A+; Stable | Reaffirmed |
| Short Term Bank Facilities | CARE A1+ | Reaffirmed |
Details of Rated Facilities
Long Term Facilities total ₹744.78 crore, including term loans and fund-based limits from various banks.
A. Term Loans
| Sr. No. | Name of Bank / Lender | Rated Amount (₹ crore) | Debt Repayment Terms |
|---|---|---|---|
| 1. | Axis Bank Ltd. | 98.00 | Repayable in 72 instalments with last instalment due in June 2032 |
| 2. | ICICI Bank Ltd. | 95.00 | Repayable in various instalments with last instalment due in Sep 2032 |
| 3. | SVC Co-operative Bank Ltd | 50.00 | Repayable in 72 instalments with last instalment due in November 2031 |
| 4. | SVC Co-operative Bank Ltd | 41.23 | Repayable in 60 monthly instalments with last instalment due in Aug, 2029 |
| 5. | Kotak Mahindra Bank Ltd. | 23.33 | Repayable in 48 monthly instalments with last instalment due in Feb, 2027 |
| 6. | HDFC Bank Ltd. | 17.50 | Repayable in 48 monthly instalments with last instalment due in June, 2026 |
| 7. | Axis Bank Ltd. | 15.88 | Repayable in 48 monthly instalments with last instalment due in Nov, 2026 |
| 8. | ICICI Bank Ltd. | 9.78 | Repayable in 36 monthly instalments with last instalment due in May, 2027 |
| 9. | ICICI Bank Ltd. | 4.06 | Repayable in 48 monthly instalments with last instalment due in Sep, 2028 |
| Total | 354.78 |
B. Fund Based Limits
| Sr. No. | Name of Bank / Lender | Rated Amount (₹ crore) | Remarks |
|---|---|---|---|
| 1. | Axis Bank Ltd. | 130.00 | Cash Credit/WCDL |
| 2. | HDFC Bank Ltd. | 90.00 | Cash credit/WCDL |
| 3. | State Bank of India | 60.00 | Cash credit |
| 4. | HSBC Ltd. | 50.00 | Overdraft/WCDL |
| 5. | ICICI Bank Ltd. | 35.00 | Cash credit |
| 6. | Kotak Mahindra Bank Ltd. | 25.00 | Cash credit/WCDL |
| Total | 390.00 |
Short Term Facilities total ₹30.00 crore, which includes fund based limits.
A. Fund Based Limits
| Sr. No. | Name of Bank / Lender | Rated Amount (₹ crore) | Remarks |
|---|---|---|---|
| 1. | Axis Bank Ltd. | 30.00 | Sales bill discounting |
| Total | 30.00 |
Long Term / Short Term Facilities total ₹55.00 crore, which includes non-fund based limits.
A. Non-Fund Based Limits
| Sr. No. | Name of Bank / Lender | Rated Amount (₹ crore) | Remarks |
|---|---|---|---|
| 1. | State Bank of India | 30.00 | Bank Guarantee/Letter of credit |
| 2. | ICICI Bank Ltd. | 15.00 | Bank Guarantee/Letter of credit |
| 3. | Axis Bank Ltd. | 10.00 | Bank Guarantee |
| Total | 55.00 |
Total Facilities (1.A+1.B+2.A+3.A) : ₹829.78 crore
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