GLOBAL MARKETS-Euro jumps, shares rally on French election relief
* Macron wins first round in French election, far ahead in polls
Dec 15 Below are the ratings awarded by Investment Information Credit Rating Agency Ltd. (ICRA) for local debt instruments as of December 14, 2016. COMPANY INSTRUMENT RATING AMOUNT MOVEMENT (RS.MLN) ------ ---------- ------ ----- --------- SHORT TERM RATINGS: ------------------- A. S. Export IndusInd Bk ICRA A3 750* Reaffirmed Limited-Export Post Finance (PSC) and Export Pre Finance(EPC): Fundbased Limits * consists Export Pre Finance (PC) sub-limit of Rs. 20.25 crore and Rs. 2.25 crore, Export Pre Finance (PCDDA) sub-limit of Rs. 67.50 crore and Rs. 7.50 crore and direct Export sub-limit of Rs. 67.50 crore and Rs. 7.50 crore Adhunik Cement Ltd NFBL ICRA A2 700 reassigned from ICRA A1(SO) Burckhardt Compression (India) ST Non FB Fac ICRA A2+ 100 Reaffirmed Pvt Ltd Concorde Motors (India) Ltd ST Fac ICRA A1 2320 Reaffirmed Dewan Housing Finance ST Debt Programme ICRA A1+ 10000 Reaffirmed Corporation Ltd Dodla Dairy Ltd ST FB Fac ICRA A1 300 Upgraded from ICRA A2+ Futura Ceramics Pvt Ltd LOC ICRA A4+ 30 Reaffirmed Futura Ceramics Pvt Ltd BG ICRA A4+ 5 Reaffirmed Futura Ceramics Pvt Ltd Credit Exposure Limit ICRA A4+ 6.1 Reaffirmed Futura Ceramics Pvt Ltd Export Packing Credit ICRA A4+ - Reaffirmed (Sublimit of CC) Futura Ceramics Pvt Ltd Buyer's Credit ICRA A4+ - Reaffirmed (Sublimit of LOC) Genisys Information Systems ST - Non Fund Based ICRA A4 15 Reaffirmed (India) Pvt Ltd Gurpreet Galvanising Pvt Ltd NFBL ICRA A3 400 Upgraded from ICRA A4+ Hotcrete Infrastructure Pvt Ltd BG ICRA A3+ 100 Assigned Iifl Facilities Services Ltd IPO Financing ICRA A1+ 12000 Withdrawn Programme India Infoline Finance Ltd IPO Financing ICRA A1+ 70000 Withdrawn Programme India Infoline Ltd IPO Financing ICRA A1+ 5000 Withdrawn Programme Indus Vegpro Pvt Ltd ST- Fund based ICRA A4 50 Reaffirmed Microtex Energy Pvt Ltd Non-FBL ICRA A4+ 90 Upgraded from ICRA A4 Orchev Pharma Pvt Ltd ST non-FB Fac ICRA A4+ 78 Suspended Prabhat Dairy Ltd ST, NFBL ICRA A1 200 Assigned Saija Finance Pvt Ltd Social Performance SP2+ - Assigned Assessment Sawlani Synthetics Pvt Ltd ST non FBL- Value at ICRA A4 25 Revised from Risk (VaR) ICRA A4 Sunfresh Agro Industries Pvt ST, NFBL ICRA A1 300 Assigned Ltd Sushil Financial Services Pvt ST non-fund based Bk ICRA A4+ 450 Reaffirmed Ltd lines Sushil Financial Services Pvt ST fund based Bk ICRA A4+ 35 Reaffirmed Ltd lines Tirupathi Yarntex Spinners Pvt ST - Non-FB Fac ICRA A4 1.5* Reaffirmed Ltd *sub-limit of CC Tirupathi Yarntex Spinners Pvt ST - Non-FB Fac ICRA A4 - Reaffirmed Ltd LONG TERM RATINGS: ------------------- Aadhaar Seeds Pvt Ltd CC ICRA BB- 55 Suspended Aadhaar Seeds Pvt Ltd TL ICRA BB- 8.9 Suspended Aadhaar Seeds Pvt Ltd Unallocated Limits ICRA BB- 12.1 Suspended Adhunik Cement Ltd TL ICRA AA(SO) 2316.8 reassigned from ICRA A+ (SO) Adhunik Cement Ltd FBL ICRA BBB(SO) 820 reassigned from ICRA A+(SO) Bharat Benefication And Pvt Ltd Line of Credit ICRA BBB- 400 Suspended Blb Mall Management Company LT Fund BasedTL ICRA BBB 135.6 Revised from Pvt Ltd ICRA A- Blb Mall Management Company LT-Unallocated ICRA BBB 284.4 Reaffirmed Pvt Ltd *sublimit of Cash credit facility Burckhardt Compression (India) LT - CC ICRA BBB+ 45 Reaffirmed Pvt Ltd Central Railside Warehouse Co. Unallocated ICRA A+ 160 Reaffirmed Ltd Champion Commercial Co. Ltd FB and Non-FBL ICRA BB+ / 185 Revised from ICRA A4+ ICRA BBB- / ICRA A3 Champion Commercial Co. Ltd Unallocated ICRA BB+ / 65 Revised from ICRA A4+ ICRA BBB- / ICRA A3 Concorde Motors (India) Ltd TL ICRA A- 150 Reaffirmed Concorde Motors (India) Ltd LT FB Fac ICRA A- 30 Reaffirmed Dodla Dairy Ltd TL ICRA A+ 779.4 Upgraded from ICRA A- Dodla Dairy Ltd Unallocated limits ICRA A+ 70.6 Upgraded from ICRA A- Dodla Dairy Ltd Credit credit* ICRA A+/A1 725 Upgraded from ICRA A-/A2+ *Cash credit interchangeable with short term loans Druk Green Power Corporation Issuer Rating IrBBB+ - Reaffirmed Ltd Futura Ceramics Pvt Ltd CC ICRA BB+ 120 Reaffirmed Futura Ceramics Pvt Ltd TL ICRA BB+ 128.9 Reaffirmed Futura Ceramics Pvt Ltd Unallocated Limit ICRA BB+/A4+ 37 Reaffirmed Genisys Information Systems LT - TL ICRA BB- 53.1 Revised from (India) Pvt Ltd ICRA BB Genisys Information Systems LT - Fund Based ICRA BB- 90 Revised from (India) Pvt Ltd ICRA BB Gurpreet Galvanising Pvt Ltd FBL ICRA BBB- 300 Upgraded from ICRA BB+ Gurpreet Galvanising Pvt Ltd Unallocated Limits ICRA BBB-/A3 50 Upgraded from ICRA BB+/A4+ Hara Parbati Cold Storage Pvt Line of Credit ICRA C 70 Suspended Ltd Hotcrete Infrastructure Pvt Ltd CCF ICRA BBB 447.6 Assigned Hotcrete Infrastructure Pvt Ltd Unallocated Limits ICRA BBB / 452.4 Assigned ICRA A3+ Indus Vegpro Pvt Ltd LT Fund Based ICRA B+ 5 Reaffirmed Infant'S Travels Pvt Ltd LT FB Fac ICRA BB 150 Reaffirmed Kalyan Roller Flour Mills Pvt Fund Based/Non-FBL ICRA B+/A4 100 Suspended Ltd Kandalaa LT scale - Fund ICRA B+ 110 Reaffirmed based/CC Microtex Energy Pvt Ltd CC ICRA BB+ 125 Upgraded from ICRA BB Microtex Energy Pvt Ltd Corporate TL ICRA BB+ 100 Upgraded from ICRA BB Om Corrugated Pack Pvt Ltd TL ICRA B+ 26.5 Reaffirmed Om Corrugated Pack Pvt Ltd CC ICRA B+ 40 Reaffirmed Om Corrugated Pack Pvt Ltd Unallocated Limits ICRA B+/A4 27 Assigned Orchev Pharma Pvt Ltd CCF ICRA BB+ 78 Suspended Prabhat Dairy Ltd LT, FBL - TL ICRA A+ 375 Assigned Prabhat Dairy Ltd LT, FBL - CC / WCDL ICRA A+ 1100 Assigned Prabhat Dairy Ltd LT / ST unallocated ICRA A+/A1 125 Assigned limits Pratap Synthetics Ltd line of credit ICRA BB / 237.2 Suspended ICRA A4 (Reduced from Rs. 42.00 crore) Raichur Roller Flour Mills LT scale - CC ICRA B 35 Reaffirmed Raichur Roller Flour Mills LT scale - TL ICRA B 17.8 Reaffirmed * consists Export Pre Finance (PC) sub-limit of Rs. 20.25 crore and Rs. 2.25 crore, Export Pre Finance (PCDDA) sub-limit of Rs. 67.50 crore and Rs. 7.50 crore and direct Export sub-limit of Rs. 67.50 crore and Rs. 7.50 crore. Raichur Roller Flour Mills LT scale - UnallocatedICRA B 22.2 Reaffirmed Rajat Ispat Pvt Ltd Line of Credit ICRA B+/A4 65 Suspended Rao Construction Pvt Ltd Limits ICRA B/A4 119.8 Suspended (enhanced from 5.24 CR) Sajee Baba Grains Pvt Ltd Line of Credit ICRA B/A4 62 Suspended Sawlani Synthetics Pvt Ltd LT FBL- FBD/FBN/FBP ICRA C+ 120 Revised from ICRA B- Shah Laxmi Narayan Satish FBL - Overdraft/ CC ICRA B+ 35 Reaffirmed Chandra Exim Pvt Ltd Shah Laxmi Narayan Satish Non- FBL - LOC ICRA B+/A4 64.5 Reaffirmed Chandra Exim Pvt Ltd (revised from 549.00 CR ) Shree Ganesh Cotton Industries FB - CC ICRA B 60 Reaffirmed Shree Ganesh Cotton Industries FB - TL ICRA B 20 Reaffirmed Sree Vijayalakshmi Rice LT Bk Fac ICRA B+ 55 Suspended Industries (reduced from (Rs. 6.50 crore)) Sri Ramadas Paper Boards Pvt FBL - CC ICRA BBB- 100 Reaffirmed Ltd (reduced from Rs.53.00 crore) Sri Ramadas Paper Boards Pvt FBL -TL ICRA BBB- 100 Reaffirmed Ltd (reduced from Rs. 26.5 crore) Sri Ramadas Paper Boards Pvt Interchangeable ICRA BBB-/A3 - Reaffirmed Ltd limits* (reduced from Rs. 10.5 crore) *sublimit of Cash credit facility Sunfresh Agro Industries Pvt LT, FBL - CC / WCDL ICRA A+ 1500 Assigned Ltd Sunfresh Agro Industries Pvt LT / ST unallocated ICRA A+/A1 200 Assigned Ltd limits Textrend Lifestyle Pvt Ltd LT - CC ICRA B 60 Upgraded from ICRA B- Tirupathi Yarntex Spinners Pvt LT - TL ICRA C+ 71.4 Reaffirmed Ltd Tirupathi Yarntex Spinners Pvt LT- FB Fac ICRA C+ 165 Reaffirmed Ltd Tirupathi Yarntex Spinners Pvt LT - Non-FB Fac ICRA C+ 6 Reaffirmed Ltd Tirupathi Yarntex Spinners Pvt Proposed limits ICRA C+ 126.1 Reaffirmed Ltd Vaibhav Laxmi Tex Pvt Ltd LT - TL ICRA B+ 50 Reaffirmed (enhanced from Rs.132.00 Crore) Vaibhav Laxmi Tex Pvt Ltd LT - CC ICRA B+ 40 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 firstname.lastname@example.org)
* Macron wins first round in French election, far ahead in polls
NEW YORK, April 23 U.S. stock index futures rose sharply on Sunday on relief that centrist Emmanuel Macron took the first round of voting in the French presidential election, reducing the prospect of an anti-establishment market shock.