ICRA ratings for Indian debt instruments-Jun 21

Fri Jun 21, 2013 10:36am IST

Jun 21 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of June 20, 2013.

COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                         (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Agrasen Ispat Pvt Ltd                   Non-FBL               A4     10      Assigned
Brintons Carpets Asia Pvt Ltd           ST non FB Fac         A2+    50      Suspended
Harsha Stone Industries                 ST FBL                A4     55      Assigned
Harsha Stone Industries                 Unallocated ST FBL    A4     15.6    Assigned
Kamadgiri Fashion Ltd                   Non Fund Based LOC    A3     90      Reaffirmed
                                        Limits
Naval Maritime Academy,                 Elementary First Aid  ICRA Grade 1 -       Reaffirmed
Mumbai
Naval Maritime Academy,                 Ship's Security       ICRA Grade 1 -       Reaffirmed
Mumbai                                  Officers(SSO)
Naval Maritime Academy,                 Fire Prevention &     ICRA Grade 1 -       Reaffirmed
Mumbai                                  Fire Fighting (FPFF)
Naval Maritime Academy,                 Personal Survival     ICRA Grade 1 -       Reaffirmed
Mumbai                                  Techniques (PST)
Naval Maritime Academy,                 Personal Safety &     ICRA Grade 1 -       Reaffirmed
Mumbai                                  Social Responsibility
                                        (PSSR)
Naval Maritime Academy,                 Passenger Ship's      ICRA Grade 1 -       Reaffirmed
Mumbai                                  Familiarization(PSF)
Naval Maritime Academy,                 Company/Port Facility ICRA Grade 1 -       Reaffirmed
Mumbai                                  Security Officers
                                        (CSO/PFSOC)
Naval Maritime Academy,                 Medical First Aid     ICRA Grade 1 -       Reaffirmed
Mumbai                                  (MFA)
Naval Maritime Academy,                 Oil Tanker            ICRA Grade 1 -       Reaffirmed
Mumbai                                  Familiarization (OTF)
Naval Maritime Academy,                 Proficiency in        ICRA Grade 1 -       Reaffirmed
Mumbai                                  Survival Craft &
                                        Rescue Boat (PSCRB)
Naval Maritime Academy,                 Ship Manoeuvring      ICRA Grade 1 -       Reaffirmed
Mumbai                                  Simulator Course (SMS)
Naval Maritime Academy,                 Automatic Radar       ICRA Grade 1 -       Reaffirmed
Mumbai                                  Plotting Aid (ARPA)
Naval Maritime Academy,                 Advance Fire Fighting ICRA Grade 1 -       Reaffirmed
Mumbai                                  (AFF)
Naval Maritime Academy,                 Radar ARPA Navigation ICRA Grade 1 -       Reaffirmed
Mumbai                                  Simulator Course
                                        (RANSCO)
Naval Maritime Academy,                 Training of Trainers  ICRA Grade 1 -       Reaffirmed
Mumbai                                  & Instructors (TOTI)
Naval Maritime Academy,                 Master's Refresher &  ICRA Grade 1 -       Reaffirmed
Mumbai                                  Updating Training (MR)
Naval Maritime Academy,                 Radar Observer's      ICRA Grade 1 -       Reaffirmed
Mumbai                                  Simulator Course (ROS)
Naval Maritime Academy,                 Medical Care (MC)     ICRA Grade 1 -       Reaffirmed
Mumbai
Naval Maritime Academy,                 Spl Trg Pgme on       ICRA Grade 1 -       Reaffirmed
Mumbai                                  Tanker Operation
                                        (STPOTO )
Naval Maritime Academy,                 Global Maritime       ICRA Grade 1 -       Reaffirmed
Mumbai                                  Distress & Safety
                                        System (GMDSS)
Naval Maritime Academy,                 Training of Trainers  ICRA Grade 1 -       Reaffirmed
Mumbai                                  & Assessors (TOTA)
Naval Maritime Academy,                 Hydrogen Sulphide     ICRA Grade 1 -       Reaffirmed
Mumbai                                  (H2S)
Naval Maritime Academy,                 Helicopter Under      ICRA Grade 1 -       Reaffirmed
Mumbai                                  Water Escape Trainer
                                        Course (HUET)
Naval Maritime Academy,                 Heli Deck Assistant   ICRA Grade 1 -       Reaffirmed
Mumbai                                  (HDA)
Naval Maritime Academy,                 Helicopter            ICRA Grade 1 -       Reaffirmed
Mumbai                                  Re-fuelling (HR)
Naval Maritime Academy,                 Helicopter Landing    ICRA Grade 1 -       Reaffirmed
Mumbai                                  Officers (HLO)
Naval Maritime Academy,                 Helicopter Landing    ICRA Grade 1 -       Reaffirmed
Mumbai                                  Officers Further
                                        Training (HLO F/T)
Naval Maritime Academy,                 Helicopter Under      ICRA Grade 1 -       Reaffirmed
Mumbai                                  Water Escape and Sea
                                        Survival (HUESS)
Naval Maritime Academy,                 Helicopter Fire       ICRA Grade 1 -       Reaffirmed
Mumbai                                  Fighting (HFF)
Naval Maritime Academy,                 Refresher OERTM,      ICRA Grade 1 -       Reaffirmed
Mumbai                                  OERTL, OEHTM
Naval Maritime Academy,                 Further offshore      ICRA Grade 1 -       Reaffirmed
Mumbai                                  Emergency Training
                                        Refresher (FOET R)
Naval Maritime Academy,                 Basic Offshore Safety ICRA Grade 1 -       Reaffirmed
Mumbai                                  Induction & Emergency
                                        Training Moptionally 
                                        convertible debentureified 
                                        (BOSIET M)
Naval Maritime Academy,                 Offshore Emergency    ICRA Grade 1 -       Reaffirmed
Mumbai                                  Response Team Leader
                                        (OERTL)
Naval Maritime Academy,                 Offshore Lifeboat     ICRA Grade 1 -       Reaffirmed
Mumbai                                  Coxswain (OLC)
Naval Maritime Academy,                 Basic offshore Safety ICRA Grade 1 -       Reaffirmed
Mumbai                                  Induction & Emergency
                                        Training BOSIET
Naval Maritime Academy,                 Offshore Emergency    ICRA Grade 1 -       Reaffirmed
Mumbai                                  Helideck Team Member
                                        OEHTM
Naval Maritime Academy,                 General Proficiency   ICRA Grade 1 -       Reaffirmed
Mumbai                                  in Fast Rescue Craft
                                        FRC
Naval Maritime Academy,                 Offshore Emergency    ICRA Grade 1 -       Reaffirmed
Mumbai                                  Response Team Member
                                        OERTM
Naval Maritime Academy,                 Ship Security         ICRA Grade 1 -       Reaffirmed
Mumbai                                  Awareness course SSA
Naval Maritime Academy,                 Crane Operator        ICRA Grade 1 -       Reaffirmed
Mumbai                                  Refresher CRO
Naval Maritime Academy,                 Fork Lift Operators   ICRA Grade 1 -       Reaffirmed
Mumbai                                  Refresher FLOR
Naval Maritime Academy,                 Proficiency in Fast   ICRA Grade 1 -       Reaffirmed
Mumbai                                  Rescue Boat FRB
Naval Maritime Academy,                 Watch keeping         ICRA Grade 1 -       Reaffirmed
Mumbai                                  Certificate for
                                        Ratings WKCR
Naval Maritime Academy,                 Refresher course in   ICRA Grade 1 -       Reaffirmed
Mumbai                                  FPFF(Fire prevention
                                        & fire fighting)
Naval Maritime Academy,                 Refresher course in   ICRA Grade 1 -       Reaffirmed
Mumbai                                  AFF(Advance fire
                                        fighting)
Naval Maritime Academy,                 Refresher course in   ICRA Grade 1 -       Reaffirmed
Mumbai                                  PST(personal survival
                                        techniques)
Naval Maritime Academy,                 Refresher course in   ICRA Grade 1 -       Reaffirmed
Mumbai                                  PSCRB(Proficient in
                                        survival craft & rescue boat)
Naval Maritime Academy,                 Security Training for ICRA Grade 1 -       Reaffirmed
Mumbai                                  Seafarers with
                                        Designated security duties
Quick Foods Co.                         BG/Import LC/FSC      A4     2.5     Assigned
Skanray Healthcare Pvt Ltd              Non Fund Based        A4+   100     Assigned
                                        working capital limits
Sunalco Alloys Pvt Ltd                  ST FBLed              A4     380     Assigned
Sunalco Alloys Pvt Ltd                  ST NFBL               A4     250     Assigned
LONG TERM RATINGS:
-------------------
Agrasen Ispat Pvt Ltd                   FBL                   BB-    67.5    Assigned
Brintons Carpets Asia Pvt Ltd           TL,                   BBB+   125     Suspended
Brintons Carpets Asia Pvt Ltd           working capital Fac   BBB+   200     Suspended
Carrycon India Ltd                      FBL                   B+     50      Upgraded from
                                                                                   B
Carrycon India Ltd                      Non-FBL               B+     53*     Upgraded from
                                                                                   B
*Rs. 1.5 crore of non-fund based limits are interchangeable with fund based limits
GNET Tradelinks Pvt Ltd                 FBL                   BB-    57.5    Reaffirmed
GNET Tradelinks Pvt Ltd                 NFBL                  BB-    160     Reaffirmed
GNET Tradelinks Pvt Ltd                 Untied limits         BB-    32.5    Reaffirmed
Harsha Stone Industries                 LT FBL                B-     4.4     Assigned
Kamadgiri Fashion Ltd                   Fund Based CC Limits  BBB-   400*    Reaffirmed
*consists IUBD sublimit of Rs. 5 crore
LNJ Power Ventures Ltd                  TL                    BBB-   842.4   Assigned
Mail Order Solutions (India)            Long-TL               BBB-   11      Reaffirmed
Pvt Ltd
Mail Order Solutions (India)            LT, FB Fac            BBB-   170     Reaffirmed
Pvt Ltd
(enhanced from Rs. 5.00 crore)
Quick Foods Co.                         CC                    B+     40      Assigned
Quick Foods Co.                         TL                    B+     36      Assigned
R.C. Gems Pvt Ltd                       FBL- CC               BB-    200     Reaffirmed
Shanti Educational Trust                TL                    B-     71      Assigned
Skanray Healthcare Pvt Ltd              TL                    BB     270     Assigned
Skanray Healthcare Pvt Ltd              Fund Based working    BB     100     Assigned
                                        capital limits
Sunalco Alloys Pvt Ltd                  LT FBL                BB     450     Assigned
Sunalco Alloys Pvt Ltd                  Unallocated Amount    BB /   150     Assigned
                                                              A4
True Well Pipe Industries               FBL                   B      62      Assigned
True Well Pipe Industries               Unallocated Limits    B /    3       Assigned
                                                              A4
--------------------------------------------------------------------------------------------
$: 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)
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