May 30, 2013 / 6:18 AM / 4 years ago

ICRA ratings for Indian debt instruments-May 30

May 30 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of May 29, 2013.


COMPANY                                 INSTRUMENT             RATING     AMOUNT   MOVEMENT
                                                                         (RS.MLN)
------                                  ----------             ------     -----    ---------
SHORT TERM RATINGS:
-------------------
Bhoomi Ginning Pressing Pvt Ltd         Credit Exposure Limit A4     0.6     Reaffirmed
Feedback Infrastructure                 CP programme          A1     150     Assigned
Services Pvt Ltd
Haresh Orgochem                         ST NFBL-LC            A4     130     Assigned
Haresh Orgochem                         ST NFBL-Buyer's Credit A4     130*    Assigned
* Sub Limit of Short Term Non Fund Based Limits-Letter of Credit
Icon Infotech Pvt Ltd                   ST, NFBL              A4     25      Assigned
Indira Damper Industries                ST - FB Fac           A3     50      Assigned
Indira Industries                       ST - FB Fac           A3     20*     Assigned
Rs. 2.0 crore EPC sublimit of Rs. 15.0 crore cash credit
Indira Industries                       ST - FB Fac           A3     70      Assigned
Mbc Infra Space Pvt Ltd                 ST non fund based-BG  A4     30      Assigned
Proteck Circuits And Systems            FB Fac                A4     17.5    Assigned
Pvt Ltd
Proteck Circuits And Systems            non-FB Fac            A4     135     Assigned
Pvt Ltd
Sarda Agro Oils Ltd                     Non-FBL               A3     1048.5  Reaffirmed
(enhanced from Rs. 35 crores)
Sargam Diecastings Pvt Ltd              Non-FB Fac            D      80      Downgraded
                                                                                   from A4
Sargam Diecastings Pvt Ltd              FB Fac (Sub-limit)    D      25      Downgraded
                                                                                   from A4
Sargam Diecastings Pvt Ltd              Non-FB Fac (Sub-limit) D      70      Downgraded
                                                                                   from A4
Satyam Spinners Pvt Ltd                 Non-FBL               A4     15      Reaffirmed
(sub-limit of fund based limit)
Sunrise Polyfilms Pvt Ltd               ST NFBL               A4     1       Assigned
Unique Welding Products Pvt Ltd         ST NFBL               A4     3.6     Assigned
    
MEDIUM TERM RATINGS:
-------------------
Jagatjit Industries Ltd                 Fixed deposit         MB+          250.7   Withdrawn
                                        programme
    
    
LONG TERM RATINGS:
-------------------
Bangalore International                 TL programme          BBB+   27150   Reaffirmed
Airport Ltd
Bhoomi Ginning Pressing Pvt Ltd         CC                    B+     95      Reaffirmed
Devdeep Cotex                           TL & working capital  B      97      Suspended
                                        Fac
Feedback Infrastructure                 LT                    A+     290     Assigned
Services Pvt Ltd
Feedback Infrastructure                 Non-FBL               A+     460     Assigned
Services Pvt Ltd
G Corp Pvt Ltd                          Issuer rating         IrBBB+               Withdrawn
Global Tech Park Pvt Ltd                TL                    BBB   1923    Reassigned
                                                              - (SO) !
! indicates that the rating is conditional
Good Shepherd Educational Trust         TL Fac                A-     380     Assigned
Good Shepherd Educational Trust         LT FB Fac             A-     30      Assigned
Good Shepherd Educational Trust         LT Unallocated Fac    A-     90      Assigned
Haresh Orgochem                         LT FBL-CC             B+     40      Assigned
Icon Infotech Pvt Ltd                   LT, FBL               B+     40      Assigned
Indira Damper Industries                LT - FB Fac           BBB-   50      Assigned
Indira Industries                       LT - FB Fac           BBB-   150     Assigned
Mbc Infra Space Pvt Ltd                 LT fund based-CC      B+     22.5    Assigned
Parker Vrc Infrastructure Pvt           TL                    B      600     Assigned
Ltd
Ponnu Food Products                     Fund based facility   B      50      Assigned
Proteck Circuits And Systems            TL Fac                BB     147.9   Suspended
Pvt Ltd
Proteck Circuits And Systems            FB Fac                BB     95      Suspended
Pvt Ltd
Proteck Machinery Pvt Ltd               FB Fac                BB     25      Suspended
Sarda Agro Oils Ltd                     FBL                   BBB-   390     Reaffirmed
(enhanced from Rs. 10 crores)
Sarda Agro Oils Ltd                     Unallocated           BBB-   11.5    Reaffirmed
                                                              / A3
Sargam Diecastings Pvt Ltd              TL                    D      21.73   Downgraded
                                                                                  from BB-
Sargam Diecastings Pvt Ltd              Proposed TL           D      12.6    Downgraded
                                                                                  from BB-
Sargam Diecastings Pvt Ltd              FB Fac                D      150     Downgraded
                                                                                  from BB-
Sargam Diecastings Pvt Ltd              Non-FB Fac (Sub-limit) D      150     Downgraded
                                                                                  from BB-
Satyam Spinners Pvt Ltd                 FBL                   B+     105     Reaffirmed
Shree Saibaba Sugars Ltd                LT FB : TL            B-     376.7   Reaffirmed
Shree Saibaba Sugars Ltd                LT FB : CC            B-     253.3   Reaffirmed
(including proposed limits)
Sri Srinivasa Rice Mill                 CC Limits             B+     52.5    Reaffirmed
Mahendrawada
Sri Srinivasa Rice Mill                 TL                    B+     0.7     Reaffirmed
Mahendrawada
Sri Srinivasa Rice Mill                 Proposed CC facility  B+     12.5    Reaffirmed
Mahendrawada
Sri Srinivasa Rice Mill                 Unallocated           B+     34.3    Reaffirmed
Mahendrawada
Sungwoo Gestamp Hitech                  TL Fac                A+     300     Reaffirmed
(Chennai) Ltd
Revised from Rs.28.63 Crore,§ Includes Rs.1.37 crore Proposed limits outstanding during earlier
exercise
Sunrise Polyfilms Pvt Ltd               LT FBL                B+     63.3    Assigned
Unique Welding Products Pvt Ltd         LT FBL                BB-    73.8    Suspended
--------------------------------------------------------------------------------------------
$: 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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