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ICRA ratings for Indian debt instruments-Oct 1
October 1, 2014 / 4:48 AM / 3 years ago

ICRA ratings for Indian debt instruments-Oct 1

Oct 1 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of September 30, 2014.

COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                         (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Comstar Automotive                      ST - FB Fac           A1     600     Upgraded
Technologies Pvt Ltd                                                               from
                                                                                   A2+
(revised from 40 CR)
Comstar Automotive                      ST -Fund / Non-       A1     200     Upgraded
Technologies Pvt Ltd                    based(Sub limits)                          from
                                                                                   A2+
(revised from 10 CR)
Comstar Automotive                      ST - Non FB Fac       A1     170     Assigned
Technologies Pvt Ltd
Hyderabad Duty Free Retail Ltd          LOC                   A3     15.9    Revised from
                                                                                   A4+
Komos Automotive India Pvt Ltd          ST non FB Fac         A4     30      Assigned
Komos Automotive India Pvt Ltd          ST non FB Fac         A4     70      Assigned
Mahesh Industries Pvt Ltd               NFBL                  A3+    600     Assigned
Mahesh Timber Pvt Ltd                   Non-FBL               A3+    1820    Assigned
NCML Industries Ltd                     IPO                   Grade 3      -       Assigned
Nutrikraft India Pvt Ltd                ST non FB Fac         A2+    40      Suspended
Ram Dev International Ltd               Export Packing Credit A3     1366.3  Reaffirmed
(earlier Rs. 100.0 crore)
State Bank Of Patiala                   CDs programme         A1+    180000  Reaffirmed
Unibic Biscuits India Pvt Ltd           ST Non- FBL           A4     25      Reaffirmed

LONG TERM RATINGS:
-------------------
Bangalore International                 TL                    A-     17960   Upgraded
Airport Ltd                                                                        from
                                                                                   BBB+
Bangalore International                 Unallocated limits    A-     9190    Upgraded
Airport Ltd                                                                        from
                                                                                   BBB+
Bisman Industries Ltd                   Fund Based - CC       BB     80      Reaffirmed
(enhanced from 6.00 CR)
Bisman Industries Ltd                   Non Fund Based - BG   BB     2       Reaffirmed
Comstar Automotive                      LT - FB Fac           A      50      Upgraded
Technologies Pvt Ltd                                                               from
                                                                                   BBB+
(revised from 10.00 CR)
Comstar Automotive                      LT / ST - unallocated A /    5       Upgraded
Technologies Pvt Ltd                                          A1             from
                                                                                   BBB+ /
                                                                                   A2+
(revised from 13.77 CR)
Comstar Automotive                      TL                                 -       -
Technologies Pvt Ltd
(revised from 3.73 CR)
Globe Civil Projects Pvt Ltd            Non FB Bk Fac         BBB-   785     Reaffirmed
(enhanced from Rs. 70.00 crore)
Globe Civil Projects Pvt Ltd            LT FB Bk Fac          BBB-   15      Assigned
Hyderabad Duty Free Retail Ltd          FBL                   BBB-   210     Revised from
                                                                                   BB+
Hyderabad Duty Free Retail Ltd          BG                    BBB-   94.1    Revised from
                                                                                   BB+
IFCI Ltd                                Bonds/NCD Programme   A      2500    Assigned
(with green shoe option; total amount not to exceed Rs 2,000 crore)
Jai Maa Savitri Educational             Fund Based Bk Fac     D      310     Assigned
Society
KBA Infrastructure Pvt Ltd              CC                    BB-    60
KBA Infrastructure Pvt Ltd              BG                    BB-    20      Reaffirmed
Komos Automotive India Pvt Ltd          TL                    BB     169.3   Suspended
Komos Automotive India Pvt Ltd          LT FB Fac             BB     200     Suspended
Kwality Township Pvt. Ltd.              TL                    B+     50      Assigned
M/S B. Nehal                            TL                    B+     3.8     Reaffirmed
(reduced from Rs. 0.65 crore)
M/S B. Nehal                            FBL                   B+ /   660     Reaffirmed /
                                                              A4             Assigned
(enhanced from Rs. 55.00 crore)
Mahesh Industries Pvt Ltd               FBL                   BBB    120     Assigned
Mahesh Timber Pvt Ltd                   FB Limits             BBB    600     Assigned
Meena Developers                        LT FBL                B      124.5   Suspended
Narayan Builders And Developers         Fund Based Bk Fac     B      850     Revised from
                                                                                   B+
(enhanced from Rs 60.00 crore)
Nutrikraft India Pvt Ltd                LT FB Fac             BBB+   10      Suspended
Ram Dev International Ltd               CC Limits*            BBB-   1618.7  Reaffirmed
(earlier Rs. 112.0 crore)
Ram Dev International Ltd               Standby Line of Credit BBB-   155     Reaffirmed
(earlier Rs. 20.0 crore)
Ram Dev International Ltd               TL(earlier nil)       BBB-   153.9   Reaffirmed
Ram Dev International Ltd               Unallocated Limits    BBB-   6.1     Reaffirmed
State Bank Of Patiala                   Lower Tier II bonds   AAA    7500    Reaffirmed
Teja Times                              CC                    B+     80      Reaffirmed
Teja Times                              TL                    B+     3       Reaffirmed
Teja Times                              Unallocated           B+ /   17      Reaffirmed
                                                              A4
Uni Medicolabs                          TL                    BB+    174     Assigned
Uni Medicolabs                          FBF                   BB+    25      Assigned
Unibic Biscuits India Pvt Ltd           LT FBL                B+     160     Reaffirmed
United Composheets Pvt Ltd              LT FB Bk Fac          B      60      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)

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