October 15, 2015 / 10:49 AM / 2 years ago

ICRA ratings for Indian debt instruments-Oct 15

Oct 15 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of October 14, 2015.


COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Anant Electricals And Engineers         ST non-fund based Bk  A4     35      Suspended
                                        Fac
Bhagwan Mahaveer Memorial Jain          ST - Non Fund Based   A3     5       Assigned
Trust
Durga Solar Enterprise                  solar projects        SP 3C        -       Assigned
Nabha Power Ltd                         NCD                   A1+   5000    Reaffirmed
                                                              (SO)
Nabha Power Ltd                         CP                    A1+    25500   Reaffirmed
Nikhil International                    non-fund based Bk Fac A4+    40      Suspended
Ramkrishna Forgings Ltd                 Non-fund based Bk Fac A2+    2400    Reaffirmed
Sudhir Transformers Ltd                 Non-FBL                     440     Reaffirmed
                                                              A1+(SO)


LONG TERM RATINGS:
-------------------
Anant Electricals And Engineers         LT fund based Bk Fac  B      53      Suspended
70 Realty                               LT- FBL               D      100     Revised from
                                                                                   BB
Best Agrochem Pvt. Ltd                  LT - fund based/ non  BB-    300     Assigned
                                        fund based limits
Bhagwan Mahaveer Memorial Jain          TL                    BBB-   650     Reaffirmed
Trust
(revisedfrom 55.0 CR)
Bhagwan Mahaveer Memorial Jain          LT FBL                BBB-   47.8    Reaffirmed
Trust
(revisedfrom 0.80 CR)
Centaur Pharmaceuticals Pvt Ltd         LT, FB limits         BBB+   600     Assigned
(Enhanced to Rs. 80.00 crore)
Cholamandalam Investment And            Platinum Trust March        -       Withdrawn
Finance Company Ltd                     2013 Tranche III PTCs AAA-(SO)
Dharmanandan Diamonds Pvt Ltd           FBL                   A/    13581.6 Upgraded
                                                              A1            from
                                                                                   A-/
                                                                                   A2+
(enhanced from Rs. 1070.00 crore)
Dharmanandan Diamonds Pvt Ltd           Untied/Proposed limits A/    2668.4  Upgraded
                                                              A1            from
                                                                                   A- /
                                                                                   A2+
(reduced from Rs. 355.00 crore)
Esskay Auto Finance Pvt Ltd             Protos IFMR Capital   A(SO) -       Withdrawn
                                        2013 PTC Series A1
Esskay Auto Finance Pvt Ltd             Protos IFMR Capital         -       Withdrawn
                                        2013 PTC Series A2    BBB-(SO)
Janalakshmi Financial Services          Urashi SBL IFMR             21.5    Reaffirmed
Ltd                                     Capital 2015 PTC      BBB-(SO)
                                        Series A2
Janalakshmi Financial Services          Urashi SBL IFMR       A(SO)  220.5   Revised from
Ltd                                     Capital 2015 PTC                           A(SO)
                                        Series A1
Karelides Traders Pvt Ltd               NCDs                        3750    -
                                                              AA-(SO)
Khaya Solar Projects Pvt Ltd            TL                    C+     542     Assigned
Magma Fincorp Ltd                       Second Loss Facility  A(SO) -       Withdrawn
Magma Fincorp Ltd                       MFL Securitisation          -       Withdrawn
                                        Trust XXI PTC Series  AA(SO)
                                        A2
Magma Fincorp Ltd                       MFL Securitisation          -       Withdrawn
                                        Trust XXI PTC Series  AAA(SO)
                                        A1
Magma Fincorp Ltd                       Liquidity Facility          -       Withdrawn
                                                              AAA(SO)
Nabha Power Ltd                         NCD                         59100   Reaffirmed
                                                              AAA(SO)
Nikhil International                    Fund based Bk Fac     BB+   791.2   Suspended
Ramkrishna Forgings Ltd                 Fund based Bk Fac     A-     4000    Reaffirmed
Reliance Capital Ltd                    Indian Receivable           -       Withdrawn
                                        Trust 2 PTC Series A1 AAA(SO)
Ronald Colaco                           LT - TL               BBB   70      Assigned
Ronald Colaco                           LT - Unallocated      BBB   30      Assigned
Satin Creditcare Network Ltd            Sirius IFMR Capital         -       Withdrawn
                                        2014 PTC Series A1    A-(SO)
Satin Creditcare Network Ltd            Sirius IFMR Capital         -       Withdrawn
                                        2014 PTC Series A2    BBB-(SO)
Siyaram Yarns Pvt Ltd                   TL facility           B+     63.7    Suspended
Siyaram Yarns Pvt Ltd                   CC facility           B+     15      Suspended
Speciality Silica Pvt Ltd               Fund based Bk Fac     B      150     Suspended
Tata Asset Management Ltd               Tata Capital                -       Withdrawn
                                        Protection Oriented   AAAmfs(SO)
                                        Fund - Series I
Tata Asset Management Ltd               Tata Capital                -       Withdrawn
                                        Protection Oriented   AAAmfs(SO)
                                        Fund - Series II
--------------------------------------------------------------------------------------------
$: 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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