December 8, 2016 / 10:24 AM / 10 months ago

ICRA ratings for Indian debt instruments-Dec 8

Dec 8 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of December 7, 2016.


COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Akr Impex Pvt Ltd                       ST - LOC (sub-limit)* ICRA A4             Assigned
*Facilities are sublimit of long term fund based facility. Total fund based and non 
fund based limits to be capped at Rs. 6.00 crore subject to specific individual limits.
Akr Impex Pvt Ltd                       ST - Packing credit   ICRA A4             Assigned
                                        (sub-limit)*
*Facilities are sublimit of long term fund based facility. Total fund based and non
 fund based limits to be capped at Rs. 6.00 crore subject to specific individual limits.
Akr Impex Pvt Ltd                       ST - Bill Discounting ICRA A4             Assigned
                                        (sub-limit)*
*Facilities are sublimit of long term fund based facility. Total fund based and non
 fund based limits to be capped at Rs. 6.00 crore subject to specific individual limits.
Canpac Trends Pvt Ltd                   BG                    ICRA A3     12.8    Assigned
Cooper Standard India Pvt Ltd           Fund based/Non-fund   ICRA A2     300     Reaffirmed
                                        based
H.G. Infra Engineering Pvt Ltd          BG                    ICRA A2+    2755    Reaffirmed
H.G. Infra Engineering Pvt Ltd          Proposed BG           ICRA A2+    1900    Reaffirmed
Iifl Wealth Finance Ltd                 IPO Financing         ICRA A1+    10000   Assigned
                                        Programme
Iifl Wealth Finance Ltd                 CP Programme          ICRA A1+    40000   Assigned
Kapotex Industries Pvt. Ltd.            PCFC/EBD/Export       ICRA A4     50      Reaffirmed
                                        Packing Credit
Kapotex Industries Pvt. Ltd.            LOC                   ICRA A4     72.5    Reaffirmed
Kapotex Industries Pvt. Ltd.            BG                    ICRA A4     5       Reaffirmed
Kapotex Industries Pvt. Ltd.            Credit Exposure Limit ICRA A4     1       Reaffirmed
Kusum Metals Pvt Ltd                    ST, Fund Based        ICRA A4     300     Reaffirmed
Lakshmi Life Sciences Ltd               ST- Non fund based    ICRA A2+    30      Assigned
M. Pallonji & Company Pvt Ltd           Non-FBL               ICRA A1+    250     Reaffirmed
Motherson Sumi Infotech And             Standby Line of CreditICRA A1     20      Reaffirmed
Designs Ltd
Motherson Sumi Infotech And             Non-FB Fac            ICRA A1     40      Reaffirmed
Designs Ltd

MEDIUM TERM RATINGS:
-------------------
Qrg Enterprises Ltd                     Fixed Deposit         MAA                 Reaffirmed
                                        Programme
LONG TERM RATINGS:
-------------------
Akr Impex Pvt Ltd                       LT - CC               ICRA B      60      Assigned
Canpac Trends Pvt Ltd                   CC Limits             ICRA BBB-   210     Assigned
Canpac Trends Pvt Ltd                   TL                    ICRA BBB-   117.2   Assigned
Cooper Standard India Pvt Ltd           CC*                   ICRA BBB+   -       Reaffirmed
*Cash Credit is sub-limit of Rs. 30.0 crore Fund based/Non-fund based limits
Dharmanandan Diamonds Pvt Ltd           Export Packing        ICRA A /    14231.6 Reaffirmed
                                        Credit/ Post Shipment ICRA A1
                                        Credit: FB Limit
Dharmanandan Diamonds Pvt Ltd           Unallocated Amount    ICRA A /    2018.4  Reaffirmed
                                                              ICRA A1
Dwarikesh Sugar Industries Ltd          TL                    ICRA A-     1639.3  Upgraded
                                                                                  from
                                                                                  ICRA BBB-
Dwarikesh Sugar Industries Ltd          CC                    ICRA A-     2850    Upgraded
                                                                                  from
                                                                                  ICRA BBB-
Dwarikesh Sugar Industries Ltd          NFBL                  ICRA A-     50      Upgraded
                                                                                  from
                                                                                  ICRA BBB-
Dwarikesh Sugar Industries Ltd          Unallocated Limits    ICRA A-     1460.6  Upgraded
                                                                                  from
                                                                                  ICRA BBB-
Future Financial Services Ltd           PTC Series A1         ICRA AA+    -       Withdrawn
Grand View Estates Pvt Ltd              NCD                   ICRA AA(SO) 1500    Reaffirmed
Grand View Estates Pvt Ltd              NCD                   ICRA AA(SO) 1600    Reaffirmed
Grand View Estates Pvt Ltd              NCD                   ICRA AA(SO) 1050    Reaffirmed
Gs Developers And Contractors           Bk Fac                ICRA D      490     Suspended
Pvt Ltd
H.G. Infra Engineering Pvt Ltd          CC Limit              ICRA A-     695     Reaffirmed
H.G. Infra Engineering Pvt Ltd          CC Limit(Proposed)    ICRA A-     225     Reaffirmed
Idbi Bank Ltd - Arkaios Multi           PTC Series A1         ICRA A(SO)          Withdrawn
Micro Finance Pool Trust 2015
Idbi Bank Ltd - Arkaios Multi           PTC Series A2         ICRA BB(SO)         Withdrawn
Micro Finance Pool Trust 2015
Ifmr Capital Finance Pvt Ltd            PTC Series A1         ICRA A+     -       Withdrawn
Ifmr Capital Finance Pvt Ltd            PTC Series A2         ICRA BB     -       Withdrawn
Ifmr Capital Finance Pvt Ltd            PTC Series A1         ICRA BBB    -       Withdrawn
Ifmr Capital Finance Pvt Ltd            PTC Series A2         ICRA C+     -       Withdrawn
Iifl Wealth Finance Ltd                 Principal Protected   PP-MLD       5500    Assigned
                                        Market Linked         ICRA AA
                                        Debenture Programme
Iifl Wealth Finance Ltd                 Principal Protected   PP-MLD       10000   Assigned
                                        Market Linked         ICRA AA
                                        Debenture Programme
India Infoline Finance Ltd -            PTC Series A          ICRA AAA    2216.4  Assigned
Robust Cv Trust Aug 2016                                      (SO)
Jsm Vegoils Pvt Ltd                     Bk Fac                ICRA BB- /  150     Suspended
                                                              ICRA A4
Kanha Makhan Charitable Society         Bk Fac                ICRA BB+    50      Suspended
Kapotex Industries Pvt. Ltd.            TL                    ICRA BB     48      Reaffirmed
Kapotex Industries Pvt. Ltd.            CC (interchangeable   ICRA BB             Reaffirmed
                                        with PCFC/EBD/EPC)
Kapotex Industries Pvt. Ltd.            Capex LC (sub-limit   ICRA BB             Reaffirmed
                                        within the TL)
Kusum Metals Pvt Ltd                    LT, Fund Based        ICRA B+     40      Reaffirmed
Lakshmi Life Sciences Ltd               TL                    ICRA BBB+   50.4    Assigned
Lakshmi Life Sciences Ltd               LT - FBL              ICRA BBB+   30      Assigned
M. Pallonji & Company Pvt Ltd           FBL                   ICRA A+     170     Reaffirmed
Motherson Sumi Infotech And             Export Packing        ICRA A-     150     Reaffirmed
Designs Ltd                             Credit/CC Fac
Motherson Sumi Infotech And             Unallocated           ICRA A-     15      Reaffirmed
Designs Ltd
Nowotek Textiles Pvt Ltd                Bk Fac                ICRA B+/A4  160     Suspended
Orra Fine Jewellery Pvt Ltd             LT/ST,                ICRA A- /   105     Reaffirmed
                                        fundbased/non-FB Fac* ICRA A2+
*Total utilization should not exceed Rs. 105.0 crore at any point of usage.
Patikari Power Pvt Ltd                  Bk Fac                ICRA C      355.1   Suspended
Rosy Blue (India) Pvt Ltd               LT/ST, FB Fac         ICRA A- /   12800   Reaffirmed
                                                              ICRA A2+
S.R. Metallizers                        LT FB Fac             ICRA  B     160.7   suspended
Shriniwas Education Society             Bk Fac                ICRA BB+    515     Suspended
Smt. Pyari Devi Educational             Bk Fac                ICRA BB+    83.4    Suspended
Health Society
Sunny View Estates Pvt Ltd              NCD                   ICRA AA     1500    Reaffirmed
--------------------------------------------------------------------------------------------
$: 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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