May 30, 2012 / 4:32 AM / 5 years ago

ICRA ratings for Indian debt instruments-May 30

May 30 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of May 29, 2012.	
	
COMPANY                                 INSTRUMENT             RATING     AMOUNT   MOVEMENT	
                                                                          (RS.MLN)	
------                                  ----------             ------     -----    ---------	
SHORT TERM RATINGS:	
-------------------	
Anshul Specialty Molecules Ltd          ST FBL                A4+    30      Reaffirmed	
revised from Rs 9.27 crore	
Anshul Specialty Molecules Ltd          ST NFBL               A4+    30.8    Reaffirmed	
Kalinga Sponge Iron Ltd                 ST, non-fund based    D      50      Suspended	
                                        LOC cum BG Fac	
Piramal Healthcare Ltd                  ST FBL                A1+    3000    Reaffirmed	
Piramal Healthcare Ltd                  ST non-FBL            A1+    2000    Reaffirmed	
Piramal Healthcare Ltd                  CP/ST debt            A1+    21500   Reaffirmed	
R.M. Mohite Industries Ltd              ST NFBL BG)           A4+    90.6    Assigned	
Sova Electrocasting Ltd                 ST, non-fund based    D      7.2     Suspended	
                                        LOC facility	
Shrihari Forging Products               FB Fac                A4     140     Assigned	
Shrihari Forging Products               Non-FB Fac            A4     9.5     Assigned	
Visa Powertech Pvt Ltd                  Off-grid solar        SP 3B        -       Assigned	
                                        Projects	
	
LONG TERM RATINGS:	
-------------------	
Anshul Specialty Molecules Ltd          LT, TL                BB+    45.4    Assigned	
reduced from Rs 4.95 crore	
Anshul Specialty Molecules Ltd          LT, CC                BB+    60      Assigned	
enhanced from Rs 3.00	
Chamunda Cotton Pvt Ltd                 CC Limit              B+     90      Assigned	
Chamunda Cotton Pvt Ltd                 CCBD*                 B+     20      Assigned	
*sublimit within Cash Credit	
Dessee Technologies                     Fund Based- CC        BB+    90      Assigned	
Ifmr Capital Finance Pvt Ltd            LT Bonds Programme    A-     520     Reaffirmed	
increased from Rs. 50 crore	
Ifmr Capital Finance Pvt Ltd            LT Fund Based Bk Fac  A-     1000    Reaffirmed	
Kalinga Sponge Iron Ltd                 TL                    D      131.8   Suspended	
Kalinga Sponge Iron Ltd                 CC Fac                D      90      Suspended	
Karle Homes Pvt Ltd                     TL                    BB-    700     Assigned	
Marvel Promoters & Developers           fund based Bk lines   BB+    200     Assigned	
Pune) Pvt Ltd	
Marvel Sigma Homes Pvt Ltd              Bk Fac                BB+    400     Assigned	
Nirav Gems                              FBL                   BB+/   200     Reaffirmed	
                                                              A4+	
Enhanced from Rs. 15.00 crore	
Piramal Healthcare Ltd                  NCD                   AA     1500    Reaffirmed	
Piramal Healthcare Ltd                  LT FBL                AA     3000    Reaffirmed	
R.M. Mohite Industries Ltd              LT FBL CC)            BB+    400     Assigned	
R.M. Mohite Industries Ltd              TL                    BB+    583.8   Assigned	
Shrihari Forging Products               FB Fac                B+     10.5    Assigned	
Shrihari Forging Products               Unallocated           B+     10      Assigned	
Sova Electrocasting Ltd                 TL                    D      200.8   Suspended	
Sova Electrocasting Ltd                 CC Fac                D      180.4   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, E-mail at rru.data@reuters.com)

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