ICRA ratings for Indian debt instruments-Jan 31

Jan 31 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of January 30, 2013.

COMPANY INSTRUMENT RATING AMOUNT MOVEMENT
(RS.MLN)
------ ---------- ------ ----- ---------
SHORT TERM RATINGS:
-------------------
Bait Al Tamur ST NFBL A4+ 110 Reaffirmed
(Earlier Rs. 5.00 Crore)
Biocon Ltd Fund based A1+ 2030 Reaffirmed
(inter-changeable) Fac
Coimbatore Marine College B. E. Marine ICRA Grade 1 - Assigned
Engineering
Coimbatore Marine College B.Sc. Nautical ScienceICRA Grade 1 - Assigned
Coimbatore Marine College Graduate Marine ICRA Grade 1 - Assigned
Engineering
Epicenter Technologies Pvt Ltd ST, FB Fac A4 42.5 Upgraded from
D
Gs Developers & Contractors Non-FB Fac A4 550 Downgraded
Pvt Ltd from A4+
Gujarat Persalts Pvt Ltd ST NFBL A4 5 Suspended
Indian Maritime University Indian Maritime ICRA Grade 1 - Assigned
(Mumbai Campus) University Mumbai
Campus
Kemco Corporation ST BG* A4 50 Assigned
*Maximum permissible withdrawal limit for Cash Credit and Bank Guarantee facilities is Rs. 9.25
crore
Kemco Corporation ST LOC A4 65 Assigned
Mangalore Marine College B.E Marine EngineeringICRA Grade 3 - Assigned
Mangalore Marine College Graduate Marine ICRA Grade 3 - Assigned
Engineering
Mantra Packaging Pvt. Ltd. ST NFBL A4 20 Reaffirmed
Muthoot Vehicle And Asset ST Bk limits A3+ 900* Assigned
Finance Ltd
* Rs. 90.00 crore bank limits are interchangeable between long term and short term, subject to
total utilization not exceeding Rs. 130.00 crore
Nedcommodities India Pvt Ltd ST FBL A3 750 Upgraded from
A4+
enhanced from 55.0 cr
Nuetech Solar Systems Pvt Ltd Off-grid solar SP 1B - Assigned
projects
Rockman Industries Ltd Working Capital Fac A1+ 650 Reaffirmed
(Fund Based)
Rockman Industries Ltd Working Capital Fac A1+ 200 Reaffirmed
(Non-Fund Based)
Roop Technology Pvt. Ltd. ST NFBL A4 230 Reaffirmed
Samundra Institute Of Maritime Engine Room Simulator ICRA Grade 1 - Assigned
Studies - Operational
Level(ERSO)
Samundra Institute Of Maritime Engine Room Simulator ICRA Grade 1 - Assigned
Studies - Management
Level(ERSM)
Samundra Institute Of Maritime Oil Tanker ICRA Grade 1 - Assigned
Studies Familiarization
Course(OTFC)
Samundra Institute Of Maritime Chemical Tanker ICRA Grade 1 - Assigned
Studies Familiarization
Course(CTFC)
Samundra Institute Of Maritime One-year Diploma in ICRA Grade 1 - Assigned
Studies Nautical Science (DNS)
Samundra Institute Of Maritime One-year Graduate ICRA Grade 1 - Assigned
Studies Marine Engineering
(GME)
Samundra Institute Of Maritime B. Tech Marine ICRA Grade 1 - Assigned
Studies Engineering
Samundra Institute Of Maritime Fire Prevention and ICRA Grade 1 - Assigned
Studies Fire Fighting Course
(FPFF)
Samundra Institute Of Maritime Proficiency in ICRA Grade 1 - Assigned
Studies Survival Techniques
(PST)
Samundra Institute Of Maritime Personal Safety and ICRA Grade 1 - Assigned
Studies Social Responsibility
(PSSR)
Samundra Institute Of Maritime Elementary First Aid ICRA Grade 1 - Assigned
Studies (EFA)
Samundra Institute Of Maritime Gas Tanker ICRA Grade 1 - Assigned
Studies Familiarization
Course (GTFC)
Samundra Institute Of Maritime Free Fall Life Boat ICRA Grade 1 - Assigned
Studies (FFLB)
Samundra Institute Of Maritime Specialised Tanker ICRA Grade 1 - Assigned
Studies Programme in Chemical
Tanker Operations (CHEMCO)
Samundra Institute Of Maritime Specialised Tanker ICRA Grade 1 - Assigned
Studies Programme in Oil
Tanker Operations (TASCO)
Samundra Institute Of Maritime Specialised Tanker ICRA Grade 1 - Assigned
Studies Programme in Gas
Tanker Operations (GASCO)
Samundra Institute Of Maritime Advanced Fire ICRA Grade 1 - Assigned
Studies Fighting Course (AFF)
Samundra Institute Of Maritime LPG Tanker Cargo and ICRA Grade 1 - Assigned
Studies Ballast Handling
Simulator (Operational)
Samundra Institute Of Maritime LPG Tanker Cargo and ICRA Grade 1 - Assigned
Studies Ballast Handling
Simulator (Management)
Samundra Institute Of Maritime Electro-Technical ICRA Grade 1 - Assigned
Studies Officers Course
Samundra Institute Of Maritime Security Officer's ICRA Grade 1 - Assigned
Studies Course
Samundra Institute Of Maritime Refresher Training ICRA Grade 1 - Assigned
Studies for FPFF
Samundra Institute Of Maritime Refresher Training ICRA Grade 1 - Assigned
Studies for PST
Samundra Institute Of Maritime Refresher Training ICRA Grade 1 - Assigned
Studies for AFF
Samundra Institute Of Maritime Electronic Chart ICRA Grade 1 - Assigned
Studies Display Information
Simulator Course as per IMO Moptionally convertible
debentureel Course 1.27 (Re
Sea Scan Maritime Foundation Sea Scan Maritime Grade 2 - Assigned
Foundation
Shakti Polyweave Pvt Ltd ST NFBL A4 93.1 Suspended
Shri Jagdamba Polymers Ltd ST NFBL A4 60 Suspended
Sun Tech Industries off-grid solar SP 3C - Assigned
projects
Tamil Nadu Maritime Academy General Purpose Grade 3 - Assigned
Rating Course
Tamil Nadu Maritime Academy Personal Survival Grade 3 - Assigned
Technique
Tamil Nadu Maritime Academy Elementary First Aid Grade 3 - Assigned
Tamil Nadu Maritime Academy Personal Safety & Grade 3 - Assigned
Social
Responsibilities
Tamil Nadu Maritime Academy Fire Prevention & Grade 3 - Assigned
Fire Fighting
Tamil Nadu Maritime Academy Oil Tanker Grade 3 - Assigned
Familiarization
Torp Systems Pvt Ltd off-grid solar SP 3B - Assigned
projects
Unimed Health Care Pvt Ltd Non Fund based Bk Fac A3+ 20 Upgraded from
A3

LONG TERM RATINGS:
-------------------
Bait Al Tamur LT FBL BB+ 225 Reaffirmed
(Earlier Rs. 16.00 Crore)
Biocon Ltd FB Fac AA+ 200 Reaffirmed
Biocon Ltd Non-FB Fac AA+ 270 Reaffirmed
Dharmanandan Diamonds Pvt Ltd FBL BBB+ 8500 Upgraded from
/ A2 BBB
/ A3+
(Enhanced from Rs 650 crore)
Epicenter Technologies Pvt Ltd LT, FB Fac B 57.5 Upgraded from
D
Enhanced to 10.00 crore
Gruh Finance Ltd Subordinated Debt AA+ 1500 Assigned
Programme
(Rs. 115 crore earlier)
Gs Developers & Contractors FB Fac BB 200 Downgraded
Pvt Ltd from
BB+
Gujarat Persalts Pvt Ltd LT FBL B+ 102.5 Suspended
Kemco Corporation LT CC Facility* B+ 50 Assigned
*Maximum permissible withdrawal limit for Cash Credit and Bank Guarantee facilities is Rs. 9.25
crore
Mantra Packaging Pvt. Ltd. LT FBL B 50 Downgraded
from B+
Muthoot Vehicle And Asset LT Bk limits BBB 1300 Assigned
Finance Ltd
Nakoda India Refinery Pvt Ltd Bk Fac BB / 650 Suspended
A4+
Nedcommodities India Pvt Ltd LT FBL BBB- 50 Upgraded from
BB+
New Fashion LT Loan B 46 Assigned
New Fashion Proposed limits B 17.2 Assigned
Raj Cotton Corporation CC B 150 Assigned
Rana Milk Foods Pvt Ltd Bk Fac B 155 Suspended
Rockman Industries Ltd LT Loans AA 63.02 Reaffirmed
Rockman Industries Ltd Working Capital Fac AA 400 Reaffirmed
(Fund Based)
Roop Technology Pvt. Ltd. LT FBL B 70 Downgraded
from B+
Shakti Polyweave Pvt Ltd LT FBL BB 223.8 Suspended
Shri Jagdamba Polymers Ltd LT FBL BB 190 Suspended
Sree Siddarameshwara Agro LT FBL BB- 400 Assigned
Industries
Unimed Health Care Pvt Ltd FB Bk Fac BBB 285.7 Upgraded from
BBB-
Unimed Health Care Pvt Ltd Proposed Bk Fac BBB 58 Upgraded from
BBB-
Village Financial Services Pvt LT Bk lines BB 2000 Withdrawn
Ltd
-------------------------------------------------------------------------------------------
$: Rating watch with positive implication
#: Rating Watch with Developing implications
@: Rating Watch with Negative Implications
%: Rating under Credit Watch
wd -Rating Stands Withdrawn
sp -Rating Suspended
pp -Principal Protected
pn -Principal Not Protected

ICRA may apply + or - signs for ratings to reflect a comparative standing within the category.

BG-Bank Guarantee; CC-Cash Credit; CCPS-Cumulative Convertible Preference Share; CD-Certificate
of Deposit; CLO-Collateralized Loan Obligation; CPA-Claims Paying Ability; CP-Commercial
Paper; CPS-convertible preference shares; CRPS- Cumulative Redeemable Convertible Preference
shares; DDB-Deep Discount Bond; EPBI-Exchange premium bond; FBL-Fund Based Limits; FRB/FRN
-Floating Rate Bond/Note; ICD -Inter Corporate Deposit; ITD-Immediate Term Debt; LOC-Letter of
Credit; LT -Long Term; LTB -Long Term Borrowing; LTD -Long Term Debt; MOCD-multiple option
convertible debenture; MTD -Medium term Debenture; MTN-medium term notes; NCD(SO) -
Non-Convertible Debenture-(Structured Obligation); NCD-Non-convertible Debentures; NCRB-Non
Convertible Redeemable Bonds; NM-Not Meaningful; OCD-optionally convertible debenture; OD-Over
Draft; OFCD-Optionally Fully Convertible Debenture; PCD-Partially Convertible Debenture;
PCN-partly convertible notes; PCPS-Partly Convertible Preference Share; POCD-partly optional;
PP-privately placed; PSPC-Post Shipment & Packing Credit; PS-Preference Shares; PTC-Pass
Through Certificates; RPS-Redeemable Preference Shares; SCPN-secured convertible preference
notes; SDO-Structured Debt Obligation; SLR-Statutory Liquidity Ratio; SO-Structured
Obligation; SPCD - Secured Partly Convertible Debentures; SPN-secured premium notes; STB-Short
Term Bond; STD-Short Term Debentures; ST-Short Term; Sub. Bonds-Subordinate Bonds; TB-Taxable
Bond; TFB-Tax Free Bond; TL-Term Loan; TOCD-triple option convertible debentures.

(Mumbai Rate Reporting Unit + 91 22 6180 7222 / 3317 7222 , E-mail at
rru.data@thomsonreuters.com)