October 20, 2015 / 5:58 AM / 2 years ago

RPT-ICRA ratings for Indian debt instruments-Oct 20

(Repeating to add more Ratings.)
    Oct 20 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of October 19, 2015.


COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                         (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Annapurna Microfinance Pvt Ltd          MFI Grading           M2+                  Assigned
DHFL Vysya Housing Finance Ltd          ST Debt/CP Programme  A1+    500     Reaffirmed
Electromech Material Handling           ST, FB Fac#           A2     300     Reaffirmed
Systems (India) Pvt Ltd
# - Short term fund based facilities of Rs. 30.00 crore are sub limit to the cash credit
facility
Electromech Material Handling           ST, non-FB Fac        A2     800     Reaffirmed
Systems (India) Pvt Ltd
reduced from Rs. 90.00 crore
Hindustan Media Ventures Ltd            CP Programme          A1+    750     Assigned
Imperiall Technoforge Pvt Ltd           LOC                   D      4       Revised from
                                                                                   ICRA A4
Indostar Capital Finance Ltd            ST debt programme     A1+    7500    Assigned /
                                                                                   Outstanding
(enhanced from Rs. 500 crore)
L.B. Polymers Pvt Ltd                   Non-FBL               A4     40      Reaffirmed
Nbm Iron And Trading Pvt Ltd            Credit Exposure Limit A4     13.6    Reaffirmed
R. Krishnamurthy & Co                   ST, BG                A4     70      Assigned
Raj Corporation Ltd                     Non-FBL               A4+    375     Reaffirmed
(enhanced from 17.5 Cr)
Range Ceramic Pvt Ltd                   BG                    D      24      Revised from
                                                                                   A4
Repco Home Finance Ltd                  CP                    A1+    2500    Reaffirmed
Rushil Industries Ltd                   ST, non FB Fac*       A4     593.1   Reaffirmed
*Short term non fund based limits (LC) of Rs. 59.31 crore include Rs. 1.31 crore worth Credit
Exposure Limit.
Thermax Babcock & Wilcox                Forward Cover         A2     50      Reaffirmed
Energy Solutions Pvt Ltd
Thermax Babcock & Wilcox                BGs                   A2     4700    Reaffirmed
Energy Solutions Pvt Ltd
Thermax Babcock & Wilcox                LOC                   A2     5000    Reaffirmed
Energy Solutions Pvt Ltd

MEDIUM TERM RATINGS:
-------------------
QRG Enterprises Ltd                     Fixed-deposit         MAA-         400     Assigned
                                        programme
QRG Enterprises Ltd                     Fixed-deposit         MAA-         600     Assigned
                                        programme

LONG TERM RATINGS:
-------------------
B.I. Fabrics                            LT, FB limits - CC    BB     100     Reaffirmed
B.I. Fabrics                            LT, FB limits - TL    BB     13      Reaffirmed
B.I. Group Of Industries                Fund Based            BB     105     Reaffirmed
Bansal Foods (India)                    CC                    B+     45      Upgraded
                                                                                   from B
Bansal Foods (India)                    TL                    B+     45      Upgraded
                                                                                   from B
DHFL Vysya Housing Finance Ltd          Bk Loan               A+     950     Reaffirmed
(reduced from Rs. 150 crore)
Drushti Realtors Pvt Ltd                LT FBL (TL)           B+     130     Assigned
Electromech Material Handling           CC                    BBB+   450     Reaffirmed
Systems (India) Pvt Ltd
enhanced from Rs. 35.00 crore
Evan Multi Specialty Hospital           LT Fund Based - TL    B      200     Reaffirmed
And Research Centre Pvt Ltd
Grand View Estate Pvt Ltd               Tranche 1 NCDs -      AA+    680     Withdrawn
                                        Series B              (SO)
High Tech Knitwear Pvt Ltd              LT FB Limits          B+     491.9   Reaffirmed
High Tech Knitwear Pvt Ltd              Unallocated Limit     B+     11.4    Assigned
Hindustan Media Ventures Ltd            LT Borrowing Programme AA+    250     Reaffirmed
Ideal Ice Cream                         Fund Based            BB+    20      Upgraded
                                                                                   from BB
Ideal Ice Cream                         TL                    BB+    25      Upgraded
                                                                                   from BB
IFMR Capital Finance Pvt Ltd            PTC Series A1         BBB    538.1   Assigned
IFMR Capital Finance Pvt Ltd            PTC Series A2         C+     28.3    Assigned
IFMR Capital Mosec Legolas 2015         PTC Series A1         BBB    538.1   Assigned
                                                              (SO)
IFMR Capital Mosec Legolas 2015         PTC Series A2         C+     28.3    Assigned
                                                              (SO)
Imperiall Technoforge Pvt Ltd           CC                    D      50      Revised from
                                                                                   ICRA B
Imperiall Technoforge Pvt Ltd           TL                    D      65.8    Revised from
                                                                                   ICRA B
India Infoline Finance Ltd              PTCs                  AAA    1405.1  Assigned
Indian Railway Finance                  LT borrowing          AAA    347910  Assigned
Corporation                             programme 2015-16
(enhanced from Rs 17,655 crore)
J.J.Enterprise                          Bk Fac                B+ /   100     Suspended
                                                              A4
Kaulgud Constructions Pvt Ltd           LT                    D      147     Suspended
Kaulgud Constructions Pvt Ltd           CC                    D      20      Suspended
L.B. Polymers Pvt Ltd                   FBL                   B+     10      Reaffirmed
Lavu Educational Society                FBL                   BB     724.9   Upgraded
                                                                                   from
                                                                                   BB-
NBM Iron And Trading Pvt Ltd            LOC                   B+ /   680     Reaffirmed
                                                              A4
Neurogen Brain And Spine                Fund based Bk         B+     270     Suspended
Institute                               facility (TL)
R. Krishnamurthy & Co                   LT, CC                BB     80      Assigned
R. Krishnamurthy & Co                   LT / ST, proposed Fac BB /   150     Assigned
                                                              A4
Raj Corporation Ltd                     FBL                   BB+    140     Upgraded
                                                                                   from BB
(enhanced from 2 Cr)
Range Ceramic Pvt Ltd                   CC                    D      60      Revised from
                                                                                   B
Range Ceramic Pvt Ltd                   TL                    D      115.4   Revised from
                                                                                   B
(reduced from Rs. 12.12 crore)
Repco Home Finance Ltd                  LT Bk Fac             AA-    15000   Reaffirmed
(Reduced from 1553.37CR)
Repco Home Finance Ltd                  NCD                   AA-    5000    Reaffirmed
Robust CV Trust Sep 2015                PTCs                  AAA    1405.1  Assigned
Rushil Industries Ltd                   LT, FB Fac            BB-    74      Downgraded
                                                                                   from BB
Salarpuria Simplex Dwellings            CC                    A-     150     Reaffirmed
LLP
Soter IFMR Capital 2015                 PTC Series A1         A-     238.2   Assigned
                                                              (SO)
Soter IFMR Capital 2015                 PTC Series A2         BB+    21.7    Assigned
                                                              (SO)
Sri Lakshmi Vigneswara Rice             FBL                   BB-    54.4    Reaffirmed
Industry
(revised from Rs. 6.00 crore)
Sri Lakshmi Vigneswara Rice             Non-FBL               BB-/   2.6     Assigned
Industry                                                      A4
Sri Lakshmi Vigneswara Rice             Unallocated limits    BB-/   8       Assigned
Industry                                                      A4
(revised from Rs. 0.50 crore)
Swastik Realty Pvt Ltd                  FBL                   B+     1000    Suspended
Thermax Babcock & Wilcox                Working Capital TL    AA-    1300    Reaffirmed
Energy Solutions Pvt Ltd                                      (SO)
Thermax Babcock & Wilcox                TL                    BBB+   4370    Reaffirmed
Energy Solutions Pvt Ltd
Thermax Babcock & Wilcox                CC                    BBB+   1000    Reaffirmed
Energy Solutions Pvt Ltd
Vasista Marine                          FBL                   BB-    230     Assigned
Vasista Marine                          Non-FBL               BB-/   10      Assigned
                                                              A4
Vasista Marine                          Unallocated limits    BB-/   10      Assigned
                                                              A4
(revised from Rs. 10 crore)
Veeline Media Ltd                       LT and ST Bk Fac      BB/    90      Suspended
                                                              A4
--------------------------------------------------------------------------------------------
$: 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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