(ADPnews) - Jun 10, 2010 - India's ICRA said it assigned an LC+ rating to the INR 140.5 million (USD 3m/EUR 2.5m) fund-based bank limits of local Aditi Rice Mills Private Ltd (ARMPL).
The company is in the process of setting up a rice mill in the district of Burdwan, West Bengal.
The rating factors in the delay experienced by the company in the implementation of the project, leading to a delay in payment of interest on the term loan, the somewhat aggressive funding structure of the project, cost …
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