November 7, 2016 / 10:03 AM / 9 months ago

ICRA ratings for Indian debt instruments-Nov 7

Nov 7 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of November 4, 2016.

COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Aditya Vidyut Appliances Ltd            Non-FBL               A3     600     Assigned
Baba Malleshwar Rice Mill Pvt           BG facility           A4     2       Suspended
Ltd
Baba Malleshwar Rice Mill Pvt           LOC facility          A4     25      Suspended
Ltd
Bala Industries And                     ST Fund Based         A3     50      Revised from
Entertainment Pvt Ltd                                         (SO)                 A3+
                                                                                   (SO)
Bestech India Pvt Ltd                   Non-FB Limits         A3+    400     Reaffirmed
Betterman Engineers Pvt Ltd             NFBL - BG             A4     100     Reaffirmed
Ecl Finance Ltd                         CP Programme (IPO     A1+    3000    Withdrawn
                                        Financing)
Edelweiss Commodities Services          CP Programme (IPO     A1+    25000   Withdrawn
Ltd                                     financing)
Edelweiss Finance &                     CP Programme (IPO     A1+    10000   Withdrawn
Investments Ltd                         financing)
Edelweiss Financial Services            CP Programme (IPO     A1+    30000   Withdrawn
Ltd                                     Financing)
Hero Fincorp Ltd                        ST Bk Limits          A1+    1500    Assigned
revised from Rs. 175 crore
Iifl Facilities Services Ltd            IPO Financing         A1+    12000   Assigned
                                        Programme
Iifl Facilities Services Ltd            IPO Financing         A1+    12000   Withdrawn
                                        Programme
India Infoline Finance Ltd              IPO Financing         A1+    7000    Assigned
                                        Programme
India Infoline Finance Ltd              IPO Financing         A1+    7000    Withdrawn
                                        Programme
India Infoline Ltd                      IPO Financing         A1+    5000    Assigned
                                        Programme
India Infoline Ltd                      IPO Financing         A1+    5000    Withdrawn
                                        Programme
Kent Ro Systems Ltd                     ST non-fund based     A1+    50      Assigned
Maa Kali Alloys Udyog Pvt Ltd           Non FBL - BG          A4     5       Assigned
Psa Construction                        Non FBL -BG           A4+    120     Reaffirmed
Reliance Home Finance Ltd               ST Debt Programme     A1+    30000   Outstanding
Robosoft Technologies Pvt Ltd           FBL - ST              A4     40      Reaffirmed
Solar Corona Energy Pvt Ltd             Off-grid solar        SP 2C1               Assigned
                                        projects
Synechron Technologies Pvt Ltd          ST - Fund Based       A1     1600    Reaffirmed
enhanced from Rs. 130.00 crore
Synechron Technologies Pvt Ltd          ST - Non Fund Based#  A1             Reaffirmed
# sublimit within total short term fund based facilities with total utilisation not to exceed
Rs. 160.00 crore
Toronto Ceramic Pvt Ltd                 Non Fund Based - BG   A4     12.5    Suspended
Uttara Impex                            ST - Non-FB           A3     80      Revised from
                                                              (SO)                 A3+
                                                                                   (SO)
Vinayak International                   LOC                   A4     100     Assigned

LONG TERM RATINGS:
-------------------
Aditya Vidyut Appliances Ltd            TL                    BBB-   200     Assigned
Aditya Vidyut Appliances Ltd            FBL (CC)              BBB-   200     Assigned
Annapurna Microfinance Pvt Ltd          PTC Series A2         BB+    17.4    Assigned
-Zoltan Ifmr Capital 2016                                     (SO)
Annapurna Microfinance Pvt Ltd          PTC Series A1         BBB    319.5   Assigned
-Zoltan Ifmr Capital 2016                                     (SO)
Ashoka Belgaum Dharwad Tollway          LT - TL               BBB    4541.3  Assigned
Ltd
Baba Malleshwar Rice Mill Pvt           TL                    B-     51.8    Suspended
Ltd
Baba Malleshwar Rice Mill Pvt           CC facility           B-     46.2    Suspended
Ltd
Bala Industries And                     CC Limits             BBB-   120     Revised from
Entertainment Pvt Ltd                                         (SO)                 BBB
                                                                                   (SO)
Bestech Hospitalities Pvt Ltd           TL                    BBB    502.8   Reaffirmed
Bestech India Pvt Ltd                   NCDs                  BBB    2500    Reaffirmed
Bestech India Pvt Ltd                   TL                    BBB    1000    Reaffirmed
Betterman Engineers Pvt Ltd             FBL - CC              B      60      Reaffirmed
Hero Fincorp Ltd                        LT Bk Limits          AA+    48500   Assigned
enhanced from Rs. 3825 crore
Icici Prudential Asset                  ICICI Prudential      AAA            Withdrawn
Management Co. Ltd                      Capital Protection    mfs (SO)
                                        Oriented Fund I - Series V
Ifmr Capital Mosec Enigma 2016          PTC Series A1         A-     1068.3  Provisional
                                                              (SO)
Ifmr Capital Mosec Enigma 2016          PTC Series A2         C+     56.2    Provisional
                                                              (SO)
Iifl Wealth Finance Ltd                 Principal Protected   PP-MLD       2500    Assigned
                                        Market Linked         AA
                                        Debenture Programme
Indian School Finance Company           NCDs programme        BBB-   160     Upgraded
Pvt Ltd                                                                            from
                                                                                   BB+
Indian School Finance Company           NCDs programme        BBB-   480     Assigned
Pvt Ltd
Indian School Finance Company           LT Bk Lines programme BBB-   400     Assigned
Pvt Ltd
Indian School Finance Company           Issuer Rating         IrBBB-         Assigned
Pvt Ltd
Jop Hotels Ltd                          TL                    BB+    350     Reaffirmed
Kent Ro Systems Ltd                     LT FB limit-CC        AA-    100     Assigned
Kent Ro Systems Ltd                     LT non-fund based     AA-    5       Assigned
M/S Hrm Overseas                        CC                    B      250     Assigned/
                                                                                   Outstanding
enhanced from 10 CR
M/S Hrm Overseas                        TL                    B      43.5    Outstanding
reduced from 6 CR
M/S Hrm Overseas                        Unallocated FBL       B      6.5     Outstanding
reduced from 1.77 CR
Maa Kali Alloys Udyog Pvt Ltd           FBL - TL              B+     55.8    Assigned
Maa Kali Alloys Udyog Pvt Ltd           FBL - CC              B+     100     Assigned
Psa Construction                        FB Limit - CC         BB     25      Reaffirmed
Psa Construction                        Unallocated-Fund      BB /   70      Assigned
                                        Based/NonFund Limit   A4+
Robosoft Technologies Pvt Ltd           TL                    B      40      Reaffirmed
Robosoft Technologies Pvt Ltd           Proposed Fac          B /A4  50      Reaffirmed
Sri Murari Pavan Agrotech               CC                    B+     90      Assigned
Starwood Contracts Pvt Ltd              FB Limits             BB+    200     Reaffirmed
Synechron Technologies Pvt Ltd          LT - Fund Based#      A-             Reaffirmed
# sublimit within total short term fund based facilities with total utilisation not to exceed
Rs. 160.00 crore
Toronto Ceramic Pvt Ltd                 Fund Based - CC       BB-    40      Suspended
Toronto Ceramic Pvt Ltd                 Fund Based - TL       BB-    9.5     Suspended
Uttara Impex                            LT - CC               BBB-   90      Revised from
                                                              (SO)                 BBB
                                                                                   (SO)
Vijaya Bank                             Additional Tier-I     AA-    7500    Assigned
                                        Bonds Programme-Basel (hyb)
                                        III
Vijaya Bank                             Additional Tier-I     AA-    10000   Reaffirmed
                                        Bonds Programme-Basel (hyb)
                                        III
Vijaya Bank                             Tier-II Bonds         AA+    15000   Reaffirmed
                                        Programme-Basel III   (hyb)
Vinayak International                   CC                    B+     200     Assigned
--------------------------------------------------------------------------------------------
$: 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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