ICRA ratings for Indian debt instruments-Sep 2

Fri Sep 2, 2011 3:20pm IST

 Sep 2 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of August 30 & September 1, 2011.	
	
	
COMPANY                                 INSTRUMENT            RATING       AMOUNT  MOVEMENT	
                                                                       (RS.MLN)	
------                                  ----------            ------       -----   ---------	
SHORT TERM RATINGS:	
-------------------	
Ajax Fiori Engineering (India) Pvt      Non FB Fac            A2+   40      Reaffirmed	
Ltd	
Arohan Financial Services Pvt Ltd       Ptc A1                A2(SO) 71.8    Assigned	
Audco India Ltd                         Non-Fund Based, BGs   A1+   100     Reaffirmed	
(Earlier Rs. 60 cr)	
B Fouress Pvt Ltd                       NFBL                  A1     1380    Reaffirmed	
Dn Wind Systems Pvt Ltd                 ST NFBL (LOC/BG)      A4     40      Reassigned	
Emerald Jewel Industry India Ltd        Fund based Bk limits  A2+    50      Upgraded	
                                                                                From A2	
Emerald Jewel Industry India Ltd        Non fund based Bk     A2+    700     Upgraded	
                                     limits                                     From A2	
Foods & Inns Ltd                        Fund Based Working    A4     897.3   Assigned	
                                     Capital Limits	
Foods & Inns Ltd                        Non fund Based LC     A4     218.8   Assigned	
                                     Limits	
Jp Sortex Pvt Ltd                       Packing Credit Limit  A4     140     Assigned	
                                     (Sublimit)	
Malar Paper Mills Pvt Ltd               BG                    A4           5       Assigned	
Namakkal Transport Carriers Pvt Ltd     Non-FB Fac            A3     3       Reaffirmed	
Radhe Renewable Energy Development      ST Non- FBL           A4     10      Assigned	
Pvt Ltd	
Shilpi Cable Technologies Ltd           Non-FBL               A4+    1760.3  Assigned	
Shiva Texfabs Ltd                       ST, non fund based    A5           300     Suspended	
                                     LOC and BG Fac	
Sigma-2 Pioneer Ifmr Capital 2011       Senior Assignee       A1             Withdrawn	
                                     Payouts               (SO)!	
Sigma-2 Pioneer Ifmr Capital 2011       Junior Assignee       A2+            Withdrawn	
                                     Payouts               (SO)!	
Somany Ceramics Ltd                     Non-FBL               A2     550     Reaffirmed	
(enhanced from Rs 44 crore)	
Sri Saravana Tex Exports India Pvt      Non-Fund Based Bk Fac A4     50      Reaffirmed	
Ltd	
Sudershan Biotech Ltd                   Non-FBL               A4    20      Assigned	
Taj Frozen Foods India Ltd              ST FBL                A4+    57.5    Revised	
                                                                                From A3	
Tata Motors Ltd                         ST Debt (Incl. CP)    A1+    45000   Reaffirmed	
Tata Motors Ltd                         Non-FB Fac*           A1+    48000   Reaffirmed	
(* The Non-Fund Based Limits of Tata Motors Limited is interchangeable between long-term and
short-term exposures such that total Non-Fund Based Facilities should not exceed Rs. 6,000
Crore)	
Television Eighteen India Ltd           CP                    A1+ (SO)     2000    Withdrawn	
Windlas Biotech Ltd                     ST FBL                A3+    50      Assigned	
Windlas Biotech Ltd                     NFBL                  A3+    20      Assigned	
Yogindera Worsted Ltd                   ST fund based         A5           15.4    Suspended	
Yogindera Worsted Ltd                   ST non fund based LOC A5           92.5    Suspended	
                                     and BG Fac	
LONG TERM RATINGS:	
-------------------	
Ajax Fiori Engineering (India) Pvt      FB Fac                A-    130     Upgraded	
Ltd                                                                                from LBBB+	
Audco India Ltd                         FB, CC Facility       AA    300     Reaffirmed	
(Earlier Rs. 60 cr)	
B Fouress Pvt Ltd                       FBL                   A      40      Reaffirmed	
Dn Wind Systems Pvt Ltd                 LT FBL (TL)           C      160.3   Reassigned	
Dn Wind Systems Pvt Ltd                 LT FBL (CC)           C      30      Reassigned	
Emerald Jewel Industry India Ltd        TL                    BBB+   108     Upgraded	
                                                                                From LBBB+	
Emerald Jewel Industry India Ltd        CC                    BBB+   2000*   Upgraded	
                                                                                From LBBB+	
Foods & Inns Ltd                        Fund Based CC Limits  B+     235     Assigned	
Foods & Inns Ltd                        Fund Based TL         B+     7.4     Assigned	
Gujarat Power Corporation Ltd           LT Non fund based-BG  A      94.5    Assigned	
Hma Agro Industries Ltd                 TL                    D      159     revised	
                                                                                from LC	
Hma Agro Industries Ltd                 Working Capital Limits D      47      revised	
                                                                                from LC	
Hma Agro Industries Ltd                 Bg                    D      2       Reassigned	
                                                                                from A5	
Hma Food Export Pvt Ltd                 TL                    D      25      Revised	
                                                                                from LB	
Hma Food Export Pvt Ltd                 Unallocated           D      50      Revised	
                                                                                from LB	
Iqu Power Company Pvt Ltd               TL                    D      185     Revised	
                                                                                from LC	
Jg Agro Industries                      FBL                   B      90      Assigned	
Jindal Chawal Nigam                     FBL                   B+     100     Assigned	
Jp Sortex Pvt Ltd                       FBL                   B      280     Assigned	
Kartika Ispat Pvt Ltd                   LT FBL (TL)           D      25      Assigned	
Kartika Ispat Pvt Ltd                   LT FBL (CC)           D      60      Assigned	
Kartika Ispat Pvt Ltd                   ST NFBL (BG)          D      5       Assigned	
Kunj Behari Lal Charitable Trust        Bk Fac                BB- /  173.5   Assigned	
                                                           A4	
Laila Nutraceuticals                    TL Fac                B      30      Revised	
                                                                                from LB+	
Laila Nutraceuticals                    St - FB Fac           B      350     Revised	
                                                                                from A4	
Machino Polymers Ltd                    CC Fac                A-     300     Upgraded	
                                                                                From LBBB+	
Machino Polymers Ltd                    TL Fac                A-     255     Upgraded	
                                                                                From LBBB+	
Machino Polymers Ltd                    BG Fac                A-     15      Upgraded	
                                                                                From LBBB+	
Machino Polymers Ltd                    LOC Fac               A-/A2  910     Upgraded	
                                                                                From	
                                                                                LBBB+/A2+	
Malar Paper Mills Pvt Ltd
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