India Ratings for Indian debt instruments-Nov 18

Mon Nov 18, 2013 10:58am IST

Nov 18 (Reuters) - Below are the ratings awarded by India Ratings and Research Private Ltd
(India Ratings), formerly known as Fitch Ratings India for local debt instruments as of
November 15, 2013.

COMPANY                         INSTRUMENT                 RATING       AMOUNT   MOVEMENT
                                                                        (RS.MLN)
------                          ----------                 ------       ------   ---------
SHORT TERM RATINGS:
-------------------
Alchemist Ltd.                  Non-FB WC limits           IND A3       20       Suspended

LONG TERM RATINGS:
-------------------
Alchemist Ltd.                  Long-TL                    IND BBB-     422.3    Suspended
Alchemist Ltd.                  FB WC limits:              IND BBB-     110      Suspended
Daga Auto Distributors (DAD)    FB limits                  IND BB-      50       Assigned
Great Eastern Appliances Pvt    Long-TL                    IND BB+      306.8    Assigned
Ltd (GEAPL)
Great Eastern Appliances Pvt    FB limits                  IND BB+      400      Assigned
Ltd (GEAPL)
Karyavattom Sports Facilities   Project Bk loan Fac        IND BBB+     1680     Assigned
Ltd (KSFL)
Karyavattom Sports Facilities   Project Bk loan Fac        IND BBB+     1680     Assigned
Ltd (KSFL)
OM Biomedic Pvt. Ltd. (OBPL)    Long-TL                    IND D        31       Affirmed
OM Biomedic Pvt. Ltd. (OBPL)    FB WC limits               IND D        110      Affirmed
OM Biomedic Pvt. Ltd. (OBPL)    Non-FB WC limits           IND D        22.5     Affirmed
Railone Projects Pvt Ltd        Long-TL                    -            15       Withdrawn
Railone Projects Pvt Ltd        FB limits                  IND BB-/     160      Affirmed
                                                           IND A4+
Railone Projects Pvt Ltd        Non-FB limits              IND BB-/     575      Affirmed
                                                           IND A4+
Venkata Bhagyalakshmi Raw &     Long-TL                    IND B        70       Assigned
Boiled Rice Mill (VBLR)
Venkata Bhagyalakshmi Raw &     FB WC limits               IND B / IND  50       Assigned
Boiled Rice Mill (VBLR)                                    A4
-----------------------------------------------------------------------------------------------
Note:- All Indian National-scale ratings previously assigned by Fitch have been transferred to
India Ratings & Research Private Ltd (India Ratings), which is a wholly owned subsidiary of the
Fitch Group. The withdrawn criteria are now available on India Ratings' website at
www.indiaratings.co.in

$: 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

INDIA RATINGS 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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