June 20, 2013 / 4:57 AM / 4 years ago

ICRA ratings for Indian debt instruments-Jun 20

Jun 20 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of June 19, 2013.

COMPANY                                 INSTRUMENT            RATING      AMOUNT  MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----   ---------
SHORT TERM RATINGS:
-------------------
BDS Projects India Pvt Ltd              ST,NFB                A4     72.5    Assigned
                                        Fac
Infinity Industries Pvt Ltd             ST, non FB Fac        A4     150     Suspended
Mineral Enterprises Ltd                 Fund based facility   A2     300     Reaffirmed
Mineral Enterprises Ltd                 Fund based            A2     300     Reaffirmed
                                        (sub-limit) facility
Mineral Enterprises Ltd                 Non-fund based        A2     250     Reaffirmed
                                        (sub-limit) facility
Mineral Enterprises Ltd                 Fund based facility   A2     300     Withdrawn
Mineral Enterprises Ltd                 Fund based            A2     300     Withdrawn
                                        (sub-limit) facility@
@ Under watch with negative implications
Nutra Specialities Pvt Ltd              FBL (ST)              D      40      Assigned
Nutra Specialities Pvt Ltd              NFBL (ST)             D      50      Assigned
Nutra Specialities Pvt Ltd              Proposed FBL (ST)     D      69.7    Assigned
Premier Enterprises                     FB Fac                A4+    200     Suspended
Premier Enterprises                     non-fund based        A4+    50      Suspended
                                        sub-limits
Pristine Metal Form Pvt Ltd             non FB Fac            A4     13.5    Suspended
Suprime Steel Industries                Non-FB Fac            A4     35      Assigned
Shree Shakti Ceramics                   ST-Non Fund Based-BG  D      4       Suspended
Tata International Ltd                  Non-FBL               A1+    2575    Reaffirmed
(Enhanced from Rs. 250.00 crore)

LONG TERM RATINGS:
-------------------
Aditya Birla Finance Ltd                LT Debt(including LT  AA    40000   Assigned
                                        NCD)
(Enhanced from Rs 2,000cr.)
Ashoka Drugs & Chemicals                Bk Fac                BB-    80      Suspended
Bds Projects India Pvt Ltd              LT, FB Fac            B+     5       Assigned
Infinity Industries Pvt Ltd             LT loans & working    BB     316.6   Suspended
                                        capital Fac
Kach Motors Pvt Ltd                     CC                    BB+    30      Reaffirmed
Kach Motors Pvt Ltd                     TL                    BB+    30.4    Reaffirmed
Kach Motors Pvt Ltd                     Unallocated           BB+    12.9    Reaffirmed
Kavan Cotton Pvt Ltd                    CC                    B+     350     Assigned
(enhanced from Rs 28.00 crore)
Mineral Enterprises Ltd                 Non-fund based        BBB+   100     Reaffirmed
                                        (sub-limit) facility
Nutra Specialities Pvt Ltd              TL (LT)               D      70.3    Assigned
Nutra Specialities Pvt Ltd              FBL (LT)              D      30      Assigned
Pristine Metal Form Pvt Ltd             LT loans & working    B      76.7    Suspended
                                        capital Fac
Pudhuaaru Financial Services            LT Bk Fac             BB     1000    Reaffirmed
Pvt Ltd
Shree Shakti Ceramics                   LT-FBL - CC           D      30      Suspended
Shree Shakti Ceramics                   LT-FBL - TL           D      47.5    Suspended
Shri Agrawal Technical &                Bk Fac                C+     295     Suspended
Education Society
Siddhi Vinayak Cotton                   LT-FBL - CC           B+     55      Suspended
Industries
Siddhi Vinayak Cotton                   LT-FBL -CCBD*         B+     10      Suspended
Industries
*sublimit of CC
Siddhi Vinayak Cotton                   LT-FBL - TL           B+     5       Suspended
Industries
Suprime Steel Industries                FB Fac                B+     20      Assigned
Tata International Ltd                  NCD                   A+     2500    Revised from
                                                                                   AA-
Tata International Ltd                  TL                    A+     500     Revised from
                                                                                   AA-
Tata International Ltd                  FBL                   A+     2800    Revised from
                                                                                   AA-
(Enhanced from Rs. 260.00 crore)
Z Square Shopping Mall Pvt Ltd          TL                    BB     581.8   Assigned
--------------------------------------------------------------------------------------------
$: 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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