October 3, 2016 / 10:51 AM / 10 months ago

ICRA ratings for Indian debt instruments-Oct 3

10 Min Read

Oct 3 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of September 30, 2016.


COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Atom Ceramic                            Non-FBL - BG          A4     18      Reaffirmed
Hiten Fasteners Pvt Ltd                 ST - Fund Based       A3     60      Upgraded
                                                                                   from
                                                                                   A4+
Jayco Synthetics                        Non-Fund Based -      A4     -       Reaffirmed
                                        One-time LOC^
^Sub limit of Term Loan
Mspl Ltd                                Non Fund based        A3     400     Revised from
                                                                                   A3+
Narayani Ispat (P) Ltd                  Non-FB Fac            A4     250     Suspended
Raipur Power And Steel Ltd              Non-FBL               A3+    220     Reaffirmed
Ramgad Minerals And Mining Ltd          Non Fund based        A3     15      Reaffirmed
Restoration Engineers                   BG                    A4     67.5    Reaffirmed
Hiten Fasteners Pvt Ltd                 ST - Non-fund Based   BBB-   41.9    Upgraded
                                                                                   from
                                                                                   A4+
LONG TERM RATINGS:
-------------------
Aishwarya Cottons                       FB Fac                B+     120     Suspended
Arshit Gems                             LT / ST, FBL          D/D   280     Reaffirmed
Atom Ceramic                            FB Limit - CC         B      40      Revised from
                                                                                   B+
Atom Ceramic                            FB Limit - TL         B      21.1    Revised from
                                                                                   B+
Atom Ceramic                            Unallocated Limits    B/A4   12.3    Assigned
Ciemme Jewels Ltd                       LT, FBL (CC)          D      200     Reaffirmed
Ciemme Jewels Ltd                       LT, FBL               D      40      Reaffirmed
Ciemme Jewels Ltd                       LT, FBL (WCTL)        D      139     Reaffirmed
Ciemme Jewels Ltd                       LT, NFBL              D      4       Reaffirmed
Country Club Hospitality &              FB limits             D      2814.5  Assigned
Holidays Ltd
Country Club Hospitality &              Unallocated Limits    D      185.5   Assigned
Holidays Ltd
F6 Finserve Pvt Ltd                     LT Fund Based Bk Lines BB    100     Suspended
Hiten Fasteners Pvt Ltd                 LT - TL               BBB-   37.5    Upgraded
                                                                                   from
                                                                                   BB+
Hiten Fasteners Pvt Ltd                 LT - Fund Based       BBB-   120     Upgraded
                                                                                   from
                                                                                   BB+
Hiten Fasteners Pvt Ltd                 LT/ ST - Unallocated  BBB-   10.6    Upgraded
                                                                                   from
                                                                                   BB+/A4+
India Infoline Finance Ltd              PTC Series A          Provisional  2216.4  Assigned
                                                              AAA
Interglobe Hotels Pvt Ltd               TL                    A-    8110    Assigned
Ireo Hospitality Company Pvt            TL                    BBB    8633    Reaffirmed
Ltd
Ireo Hospitality Company Pvt            Non-FBL               BBB    600     Reaffirmed
Ltd
Jayco Synthetics                        Bk of Baroptionally   B      36.4    Upgraded
                                        convertible                                from ICRA]B-
                                        debenturea - TL I
Jayco Synthetics                        Bk of Baroptionally   B      38.1    Upgraded
                                        convertible                                from ICRA]B-
                                        debenturea - TL II^
^Sub limit of Term Loan
Jayco Synthetics                        Bk of Baroptionally   B      62.5    Upgraded
                                        convertible                                from ICRA]B-
                                        debenturea - CC
Jr Recreation Clubs & Resorts           TL                    BBB-   716.14  Revised from
Ltd                                                                                BB+
Mspl Ltd                                Fund Based - TL       BBB-   4450    Revised from
                                                                                   BBB
Mspl Ltd                                Fund based - CC       BBB-   3150    Revised from
                                                                                   BBB
Narayani Ispat (P) Ltd                  FB Fac                BB-    380     Suspended
Raipur Power And Steel Ltd              FBL                   BBB    975     Reaffirmed
Raipur Power And Steel Ltd              TL                    BBB    2499    Reaffirmed
Raipur Power And Steel Ltd              Unallocated Limits    BBB    206     Reaffirmed
Raj Kumar Goel (Bhatte Wale)            Bk Fac                BB-    102.5   Suspended
Foundation
Raj Kumar Goel Educational              Bk Fac                BB-    75.6    Suspended
Trust
Ramgad Minerals And Mining Ltd          Fund Based - TL       BBB-   2050    Reaffirmed
Ramgad Minerals And Mining Ltd          Fund based - CC       BBB-   100     Reaffirmed
Ramgad Minerals And Mining Ltd          Unallocated           BBB-   735     Reaffirmed
Reliance Industrial Consortium          e- DFS                B-     470     Reaffirmed
Ltd
Reliance Industrial Consortium          CC                    B-     150     Reaffirmed
Ltd
Reliance Industrial Consortium          Unallocated Limits    B-     430     Reaffirmed
Ltd
Restoration Engineers                   CC                    BB     50      Reaffirmed
Restoration Engineers                   Unallocated Limits    BB/A4  32      Reaffirmed
Royal Mindz Infra Pvt Ltd               TL                    BB-    56.8    Suspended
Satin Creditcare Network Ltd            NCD Programme         BBB+  500     Assigned
Satin Creditcare Network Ltd            NCD Programme         BBB+  1300    Reaffirmed
Satin Creditcare Network Ltd            Subordinated Debt     BBB+  1280    Reaffirmed
                                        Programme
Siddharth Developers                    Bk Fac                B+     280     Suspended
Sree Manjunatha Cotton Mills            FB Fac                B      60      Suspended
Sri Balaganapathy Spinning              Bk Fac                B/A4   128.2   Suspended
Mills
Water And Sanitation Pooled             Water and Sanitation  Long Term            Assigned
Fund                                    Pooled Fund           Debt
                                                              Programme
--------------------------------------------------------------------------------------------
$: 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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