October 5, 2016 / 10:36 AM / 10 months ago

ICRA ratings for Indian debt instruments-Oct 5

13 Min Read

Oct 5 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of October 4, 2016.


COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Ammen Mills                             Non-FB Fac            A4     35      Suspended
Ashwinram Spinning Mills Pvt            Non-FB Fac            A4+    5.8     Suspended
Ltd
Axis Securities Ltd                     CP Programme          A1+    1000    Assigned
Bansal Fine Foods Pvt Ltd               Stand by Limit        A4     60      Reaffirmed
Bansal Fine Foods Pvt Ltd               Interchangeable Limits A4     -       Reaffirmed
Bhuvaneswari Tex                        ST - FB Fac           A4+    80      Upgraded
                                                                                   from A4
Bhuvaneswari Tex                        ST - Non-FB Fac       A4+    1.5     Upgraded
                                                                                   from A4
Contemporary Targett Pvt Ltd            LOC                   A2+    2.5     Revised from
                                                                                   A2
Dharmdeep Commodities Pvt Ltd           Non-Fund Based- VaR   A4     100     Assigned
                                        Limit
Goa Ispat Ltd                           Non-FBL               A4     200     Reaffirmed
K. M. Fisheries                         ST, Non-fund Based    A4     1.5     Reaffirmed
Lexona Ceramic                          Non-Fund Based - BG   A4     14      Reaffirmed
Paradeep Phosphates Ltd                 Non-fund Based, ST Fac A2+    25000   Reaffirmed
Pristine Industries Ltd                 ST, Non fund based    A4+    -       Reaffirmed
Prognosys Medical Systems Pvt           ST - Non fund based-  A4     10      Reaffirmed
Ltd                                     LC
Shanti Integrated Textile Park          ST Non Fund Based-BG  A4     40      Reaffirmed
Pvt Ltd
Sree Jeyasoundharam Textile             ST - Non FB Fac       A4     32.5    Reaffirmed
Mills Pvt Ltd
Sri Enterprises                         FB limit - UBD/UBDP   A4     -       Reaffirmed
Sri Enterprises                         FB limit - Packing    A4     -       Reaffirmed
                                        Credit/FDBP
Sri Enterprises                         Non-FBL - LOC (Inland A4     37      Reaffirmed
                                        LC)
Sri Enterprises                         Non-FBL - LOC (Import A4     -       Reaffirmed
                                        LC)
Sri Enterprises                         FB limit - Letter of  A4     -       Reaffirmed
                                        Comfort/Buyers Credit
Sri Enterprises                         Non-FBL - Letter Of   A4     -       Reaffirmed
                                        Guarantee
Sri Raju Cotton Mills                   Non-FB Fac            A4     10      Suspended
Taurus Powertronics Pvt. Ltd.           BG                    A4     70      Assigned
Taurus Powertronics Pvt. Ltd.           Unallocated           A4     30      Assigned
Triveni Turbine Ltd                     Non-FBL               A1+    3450    Reaffirmed

LONG TERM RATINGS:
-------------------
Ammen Mills                             FB Fac                B      90      Suspended
Ashwinram Spinning Mills Pvt            TL                    BB+    4.2     Suspended
Ltd
Ashwinram Spinning Mills Pvt            FB Fac                BB+    70      Suspended
Ltd
Bansal Fine Foods Pvt Ltd               CC                    BB     300     Reaffirmed
Bhuvaneswari Tex                        LT - TL               BB+    34.5    Upgraded
                                                                                   from BB
Contemporary Targett Pvt Ltd            CC                    BBB    120     Revised from
                                                                                   BBB
Contemporary Targett Pvt Ltd            TL                    BBB    13.7    Revised from
                                                                                   BBB
Contemporary Targett Pvt Ltd            Unallocated Limit     BBB-   20.8    Revised from
                                                              / A3                 BBB/A2
Dharmdeep Commodities Pvt Ltd           FBL - Overdraft       B+     30      Assigned
Dharmdeep Commodities Pvt Ltd           FBL - EPC & LCBD      B+/A4  800     Assigned
Goa Ispat Ltd                           FBL                   BB     100     Reaffirmed
Goa Ispat Ltd                           TL                    BB     16.2    Reaffirmed
Haritha Fertilisers Ltd                 FBL                   B      310     Assigned
Haritha Fertilisers Ltd                 Unallocated limits    B/A4   40      Outstanding
Hdfc Ergo General Insurance             Subordinated Debt     AAA    3500    Reaffirmed
Co. Ltd                                 Programme
Hdfc Ergo General Insurance             Subordinated Debt     AAA    3500    Assigned
Co. Ltd                                 Programme
Hdfc Ergo General Insurance             CPA                   Iaaa         -       Reaffirmed
Co. Ltd
Hdfc Ergo General Insurance             CPA                   iAAA         -       Reaffirmed
Co. Ltd
K. M. Fisheries                         LT, TL                B+     13      Upgraded
                                                                                   from B
K. M. Fisheries                         LT, Fund Based        B+     135     Upgraded
                                                                                   from B
K. M. Fisheries                         LT, Unallocated       B+     5.5     Upgraded
                                                                                   from B
Lexona Ceramic                          Fund Based - CC       BB-    45      Reaffirmed
Lexona Ceramic                          Fund Based - TL       BB-    46.8    Reaffirmed
Paradeep Phosphates Ltd                 FB, LT Fac            BBB+   10000   Reaffirmed
Pepsu Road Transport                    FB Limits (CC)        B+     250     Reaffirmed
Corporation
Pepsu Road Transport                    LT Unallocated        B+     150     Reaffirmed
Corporation
Pertinent Infra & Energy Ltd            LT, fund based-TL     B+     119     Reaffirmed
Pertinent Infra & Energy Ltd            LT,                   B+     310     Reaffirmed
                                        Unallocated/Proposed
Pioneer Spinning And Weaving            FB Fac                B+     60      Suspended
Mills Ltd
Pioneer Spinning And Weaving            Proposed Fac          B+     40      Suspended
Mills Ltd
Poppys Knitwear Pvt Ltd                 LT / ST - Bk Limits   BB-/A4 150     Assigned
Power Tech                              FBL                   D      65      Suspended
Pristine Industries Ltd                 LT, fund based-TL     BB     93      Reaffirmed
Pristine Industries Ltd                 LT, fund based-CC     BB     130     Reaffirmed
Pristine Industries Ltd                 LT,                   BB     177     Reaffirmed
                                        Unallocated/Proposed
Prognosys Medical Systems Pvt           LT - Fund Based- CC   BB-    25      Reaffirmed
Ltd
Prognosys Medical Systems Pvt           LT - Non Fund Based-  BB-    65      Reaffirmed
Ltd                                     BG
Rose Gems                               LT and ST FB Fac      BB /   240     Reaffirmed
                                                              A4+
Se Composites Ltd                       Bk Fac                D      5620    Suspended
Shanti Integrated Textile Park          LT Fund Based-TL      BB-    630     Reaffirmed
Pvt Ltd
Shree Siddheshwari Oil                  CC                    B+     160     Reaffirmed
Industries
Shree Siddheshwari Oil                  TL                    B+     37.5    Reaffirmed
Industries
Sree Jeyasoundharam Textile             LT - TL               C      60.7    Reaffirmed
Mills Pvt Ltd
Sree Jeyasoundharam Textile             LT - FB Fac           C      170     Reaffirmed
Mills Pvt Ltd
Sree Jeyasoundharam Textile             LT - FB Fac (Sub      C      -       Reaffirmed
Mills Pvt Ltd                           limit)
Sree Jeyasoundharam Textile             LT - Proposed Fac     C      13.3    Reaffirmed
Mills Pvt Ltd
Sri Enterprises                         FBL - CC              BB     -       Reaffirmed
Sri Raju Cotton Mills                   FB Fac                B+     50      Suspended
Sundaram Finance Ltd                    PTCs                  Provisional  6000.1  Assigned
                                                              AAA
Suzlon Energy Ltd                       Bk Fac                D      80180   Suspended
Suzlon Engitech Ltd                     Bk Fac                D      50      Suspended
Suzlon Generator Ltd                    Bk Fac                D      790     Suspended
Suzlon Gujarat Wind Park Ltd            Bk Fac                D      3170    Suspended
Suzlon Power Infrastructure Ltd         Bk Fac                D      1620    Suspended
Suzlon Wind International Ltd           Bk Fac                D      10270   Suspended
Tamil Nadu Power Finance And            LT Bond Programmes    A-     19642   Reaffirmed
Infrastructure Development
Corporation Ltd
Taurus Powertronics Pvt. Ltd.           CC                    B+     20      Assigned
Triveni Turbine Ltd                     FBL                   AA-    295     Reaffirmed
Unity Care & Health Services            TL                    BB+    124.3   Revised from
Pvt Ltd                                                                            BBB-
Unity Care & Health Services            LT FBL                BB+    30      Revised from
Pvt Ltd                                                                            BBB-
Unity Care & Health Services            Proposed FBL          BB+    30.7    Revised from
Pvt Ltd                                                                            BBB-
--------------------------------------------------------------------------------------------
$: 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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