ICRA ratings for Indian debt instruments-Feb 18

Feb 18 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of February 15, 2013.

COMPANY INSTRUMENT RATING AMOUNT MOVEMENT
(RS.MLN)
------ ---------- ------ ----- ---------
SHORT TERM RATINGS:
-------------------
Coastal Energy Pvt Ltd NFBL A3 8505 Reaffirmed
Deepak Builders Non-FB Fac A4 300 Assigned
Deepak Singal Engineers & Non-FB Fac A4 80 Assigned
Builders Pvt Ltd
Diamond Seafood Exports ST - FB Fac A4+ 121.5* Upgraded from
A4
*enhanced from revised amount of Rs.9.75 crore
Diamond Seafood Exports ST - Non-FB Fac A4+ 11.1 Assigned
Edhayam Frozen Foods Pvt Ltd ST - FB Fac A4+ 288* Upgraded from
A4
*enhanced from revised amount of Rs.25.20 crore
Eros For Sanitarywares BG A4 13.5 Assigned
Eros For Sanitarywares LOC A4 10 Assigned
Eros For Sanitarywares CEL A4 5.3 Assigned
Excel Foods Pvt Ltd ST NFBL A4 5 Assigned
Icon Cables Ltd Non-FBL A4 17 Assigned
Kadalkanny Frozen Foods ST - FB Fac A4+ 240* Upgraded from
A4
*enhanced from revised amount of Rs.22.50 crore
Kadalkanny Frozen Foods ST - Non-FB Fac A4+ 14.4 Assigned
Kapoor Industries Ltd FBL A2 234 Reaffirmed
Kapoor Industries Ltd Non-FBL A2 8.5 Reaffirmed
KGS Nelsun Paper Mill Ltd Non-Fund Based Bk Fac A4 60 Assigned
KGS Nelsun Paper Mill Ltd Proposed Fac A4 600 Assigned
Konkan Speciality Poly NFBL A4 102.5 Reaffirmed
Products Pvt Ltd
Mangalam Alloys Ltd LC/BG Limits A4+ 110 Downgraded
from A3
Markasia Textiles ST NFBL A4 100 Assigned
Marvel Vinyls Ltd NFBL A4 280 Reaffirmed
(enhanced from Rs 22.00 crore earlier)
Metro Ortem Ltd Packing Credit A3+ 3 Reaffirmed
Metro Ortem Ltd NFBL A3+ 125 Reaffirmed
Metro Tyres Ltd NFBL A3+ 600 Reaffirmed
MGF Metro Mall Pvt Ltd Non-FB Fac A4 200 Reaffirmed
Navjyot International Trading ST NFBL* (BG/LC) A4 35 Reaffirmed
Pvt Ltd
* Sub-limit of fund based limits; total exposure not to exceed Rs. 22.00 crore
Navsemi Technologies Pvt Ltd off-grid solar SP 3C - Assigned
projects
Oasis Enterprises Pvt Ltd Non FB Fac A4 40 Reaffirmed
Steckbeck Jewelry Pvt Ltd Post-shipment Credit A4+ 70 Reaffirmed
Steckbeck Jewelry Pvt Ltd Pre-shipment Credit* A4+ 14 Reaffirmed
*Sub limit within Post Shipment Export Credit
Theva & Co. ST - FB Fac A4+ 348* Upgraded from
A4
*enhanced from revised amount of Rs.29.40 crore
Unicure Remedies Pvt Ltd BG A4 2.5 Assigned
Unicure Remedies Pvt Ltd LOC A4 1.5 Assigned
Vriksh Transworld Holdings Ltd Non-FB Fac A4 151 Reaffirmed

LONG TERM RATINGS:
-------------------
Coastal Energy Pvt Ltd FBL BBB- 2439 Reaffirmed
Coastal Energy Pvt Ltd Unallocated Limits BBB- 1 Reaffirmed
/ A3
Darbari Lal Foundation FBL BB 108 Assigned
Educational Society
Deepak Builders FB Fac BB- 300 Assigned
Deepak Singal Engineers & FB Fac B+ 80 Assigned
Builders Pvt Ltd
Diamond Seafood Exports LT - TL BB 9.5 Assigned
Edhayam Frozen Foods Pvt Ltd LT - TL BB 30 Assigned
Epicenter Technologies Pvt Ltd Fund based Bk Fac (TL) D 90 Withdrawn
Eros For Sanitarywares Working Capital Limits BB 70 Assigned
Eros For Sanitarywares TL BB 156.9 Assigned
Excel Foods Pvt Ltd LT FBL BB- 110 Assigned
Gian Sagar Educational & TL BB 1210 Reaffirmed
Charitable Trust
Gian Sagar Educational & BG BB 90 Reaffirmed
Charitable Trust
Gian Sagar Educational & Overdraft BB 50 Reaffirmed
Charitable Trust
Icon Cables Ltd FBL B+ 48 Assigned
IFMR Capital Finance Pvt Ltd PTC Series A3 B+ 21.8 Assigned
(SO)!
! indicates that the rating is conditional
IFMR Capital Finance Pvt Ltd PTC Series A2 BBB 16.4 Assigned
(SO)!
! indicates that the rating is conditional
IFMR Capital Finance Pvt Ltd PTC Series A1 BBB+ 234.8 Assigned
(SO)!
! indicates that the rating is conditional
Inder Mohan Singh Contractors FB Fac B+ 60 Assigned
Kadalkanny Frozen Foods LT - TL BB 31.7 Assigned
Kapoor Industries Ltd TL BBB+ 207.5 upgraded from
BBB
KGS Nelsun Paper Mill Ltd TL B+ 170 Assigned
KGS Nelsun Paper Mill Ltd Fund Based Bk Fac B+ 170 Assigned
Khaya Solar Projects Pvt Ltd TL B- 542 Assigned
Konkan Speciality Poly CC BB- 118 Reaffirmed
Products Pvt Ltd
(Enhanced from Rs. 11.00 crore)
Konkan Speciality Poly TL BB- 85.5 Reaffirmed
Products Pvt Ltd
Konkan Speciality Poly Unallocated BB- 11.5 Reaffirmed
Products Pvt Ltd / A4
Mangalam Alloys Ltd Working Capital Limits BB+ 320 Downgraded
from
BBB-
(enhanced from 18.5cr)
Mangalam Alloys Ltd TL BB+ 110 Downgraded
from
BBB-
Marvel Vinyls Ltd TL BB 141.7 Reaffirmed
(enhanced from Rs 9.57 crore)
Marvel Vinyls Ltd FBL BB 220 Reaffirmed
(enhanced from Rs 15.35 crore)
Metro Ortem Ltd CC BBB 72 Upgraded from
BBB-
Metro Ortem Ltd Unallocated BBB 50 Upgraded from
BBB-
Metro Tyres Ltd CC BBB 1000 Upgraded from
BBB-
Metro Tyres Ltd Unallocated BBB 150 Upgraded from
BBB-
Mmc Technica Pvt Ltd Fund Based- TL B+ 150 Assigned
Modern Machinery Store FBL-CC B 77 Assigned
Modern Machinery Store FBL-TL B 15 Assigned
Modern Machinery Store NFBL- BG* B 3 Assigned
*BG:Bank Guarantee
Navjyot International Trading LT/ ST FBL ( EPC/PCFC) BB- 220 Revised from
Pvt Ltd BB
Neumann Components Pvt Ltd CC BB+ 65 Reaffirmed
Neumann Components Pvt Ltd TL BB+ 85 Reaffirmed
Oasis Enterprises Pvt Ltd CC BB 75 Reaffirmed
Oasis Enterprises Pvt Ltd Unallocated Bk Fac BB 35 Reaffirmed
Rosy Blue (India) Pvt Ltd TL BBB+ 167 Reaffirmed
Rosy Blue (India) Pvt Ltd LT FBL BBB+ 11600 Reaffirmed
Rosy Blue (India) Pvt Ltd LT NFBL BBB+ 250 Reaffirmed
Rosy Blue (India) Pvt Ltd LT Stand By Line of BBB+ 1000 Reaffirmed
Credit
Steckbeck Jewelry Pvt Ltd Un-allocated amount BB+/ 50 Reaffirmed
A4+
Theva & Co. LT - TL BB 57.5* Reaffirmed
*enhanced from Rs.0.20 crore
Unicure Remedies Pvt Ltd CC BB- 40 Assigned
Unicure Remedies Pvt Ltd TL BB- 52.9 Assigned
Vriksh Transworld Holdings Ltd FB Fac BB- 49 Reaffirmed
--------------------------------------------------------------------------------------------
$: 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)