July 6, 2015 / 6:38 AM / 2 years ago

ICRA ratings for Indian debt instruments-Jul 6

Jul 6 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of July 3, 2015.

COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                         (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Al-Dua Food Processing Pvt Ltd          NFBL                  A2+    240     Outstanding
                                                              (SO)
Chetan Vyas & Associates                BG                    A4     110     Reaffirmed
Hariom Pulses                           Fund Based - ST       A4     30      Reaffirmed
Kanchan Motors                          ST, FBL               A4     100     Assigned
Karnataka Roadlines Pvt Ltd             Non-Fund Based BG     A4+    5       Assigned
KNK Nexgen Constructions Pvt            ST - Non fund based-  A3     50      Assigned
Ltd                                     BG
Mahendra Roadlines Pvt Ltd              Non-Fund Based BG     A4+    5       Assigned
Mohindra Fasteners Ltd                  NFBL- ST              A4+    170     Revised from
                                                                                   A4
MSPL Ltd                                ST, Non-fund Based    A3+    50      Assigned
PNB Asset Management Company            Principal Cash        A1+            Reaffirmed
Pvt Ltd                                 Management Fund       mfs
PNB Asset Management Company            Principal Debt        A1+            Assigned
Pvt Ltd                                 Opportunities Fund -  mfs
                                        Conservative Plan
Sahyadri Construction Company           ST, Non-fund based    A4     50      Assigned

LONG TERM RATINGS:
-------------------
Aggarwal Foods                          FBL                   B+     130     Reaffirmed
Al-Dua Food Processing Pvt Ltd          FBL                   A-     2447.4  Assigned
                                                              (SO)
(enhanced from Rs 238.42 Cr)
Anandalok Hospital                      TL                    BB     91      Suspended
Anandalok Hospital                      CC facility           BB     30      Suspended
Anandalok Hospital                      BG facility           BB     4       Suspended
Annapurna Microfinance Pvt Ltd          NCDs                  BBB+   110     Assigned
                                                              (SO)
Chaitanya India Fin Credit Pvt          NCDs                  BBB+   100     Assigned
Ltd                                                           (SO)
Chetan Vyas & Associates                CC                    BB-    15      Reaffirmed
Fusion Microfinance Pvt Ltd             NCDs                  BBB+   80      Assigned
                                                              (SO)
Goel Mohata Associates                  LT, FBL - TL          BB     65      Assigned
Hariom Pulses                           Fund Based - LT       B+     43.2    Reaffirmed
Highway Comfort Inn                     TL                    BB-    100     Upgraded
                                                                                   from 
                                                                                   B
Karnataka Roadlines Pvt Ltd             Fund Based CC         BB+    500     Assigned
(enhanced from Rs 20 Cr)
KNK Nexgen Constructions Pvt            LT - Fund Based- CC   BBB-   50      Assigned
Ltd
M/S. Umesh & Bros. Construction         LT FB - CC            B+     30      Assigned
M/S. Umesh & Bros. Construction         LT non-FB - BG        B+     120     Assigned
Mahendra Roadlines Pvt Ltd              Fund Based CC         BB+    250     Assigned
Mohindra Fasteners Ltd                  FBL- LT               BB+    180     Revised from
                                                                                   BB
Mohindra Fasteners Ltd                  Unallocated- LT       BB+    40      Revised from
                                                                                   BB
Mpower Micro Finance Pvt Ltd            NCDs                  BBB+   100     Assigned
                                                              (SO)
MSPL Ltd                                LT, FB                BBB    1950    Assigned
Om Sons Marketing Pvt Ltd               TL                    D      350     Suspended
Om Sons Marketing Pvt Ltd               CC limits             D      300     Suspended
Presidency Impex Pvt Ltd                TL                    B      24      Suspended
Presidency Impex Pvt Ltd                CC facility           B      30      Suspended
Rich Offset (I) Pvt Ltd                 LT FBL                BB+    57.5    Reaffirmed
Rich Offset (I) Pvt Ltd                 TL                    BB+    51.6    Reaffirmed
Rich Offset (I) Pvt Ltd                 Unallocated Amount    BB+    21.6    Reaffirmed
Sahyadri Construction Company           LT, Fund Based - CC   BB-    100     Assigned
Saija Finance Pvt Ltd                   NCDs                  BBB+   120     Assigned
                                                              (SO)
Sant Foods Pvt Ltd                      FBL                   B      150     Reaffirmed
Satin Creditcare Network Ltd            PTC Series A1         A-     216.5   Assigned
                                                              (SO)
Satin Creditcare Network Ltd            PTC Series A2         BBB-   12.2    Assigned
                                                              (SO)
Sri Lakshmi Venkateswara                FBL                   B      164.3   Reaffirmed
Hygienic Foods Pvt Ltd
Sri Lakshmi Venkateswara                unallocated limit     B      35.7    Reaffirmed
Hygienic Foods Pvt Ltd
Sunborne Energy Gujarat One             TL                    BBB+   1420    Upgraded
Pvt Ltd                                                                            from
                                                                                   BBB-
Sunborne Energy Gujarat One             Unallocated           BBB+   80      Upgraded
Pvt Ltd                                                                            from
                                                                                   BBB-
Vijeta Beverages Pvt Ltd                CC limits             D      350     Suspended
Vijeta Beverages Pvt Ltd                BG                    D      2.5     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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