December 22, 2016 / 10:44 AM / 8 months ago

ICRA ratings for Indian debt instruments-Dec 22

Dec 22 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of December 21, 2016.


COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
A&J Microns Pvt Ltd                     Non-fund Based BG     ICRA A4     15      Assigned
Abnl Investment Ltd                     ST Debt Programme     ICRA A1+    600     Withdrawn
Alkali Metals Ltd                       NFBL                  ICRA A4     85      Reaffirmed
(revised from 8.74 CR)
Castall Technologies Pvt Ltd            NFBL                  ICRA A4     4       Assigned
Commonwealth Bank Of Australia          CD Programme          ICRA A1+    500     Withdrawn
(India Operations)
Divi Enterprises                        Non FBL               ICRA A4     25      Suspended
Investsmart Financial Services          ST Debt Programme     ICRA A1+    10000   Withdrawn
Ltd
M M Rice Mill Pvt. Ltd.                 Line of Credit        ICRA A4     7       Assigned
M M Rice Mill Pvt. Ltd.                 unallocated Limits    ICRA A4     112.8   Assigned
Majestic Auto Ltd                       BG/ LOC               ICRA A2     142.5   Reaffirmed
Netmatrix Crop Care Ltd                 Non-FBL               ICRA A4     90      Revised from
                                                                                  ICRA A4+
President Clothing Company              Non FB Fac            ICRA A4     40      Suspended
Tata Metaliks Di Pipes Ltd              Non-fund based Bk Fac ICRA A1     480     Reaffirmed
Tsr Nirmaan Pvt. Ltd.                   Unallocated limits    ICRA A4     200     Suspended
Vaighai Agro Products Ltd               ST: FB Fac            ICRA A4+    25      Reaffirmed
Vaighai Agro Products Ltd               ST: FB Fac (          ICRA A4+            Reaffirmed
                                        sub-limit)
Vaighai Agro Products Ltd               ST: Non-FB Fac        ICRA A4+    110     Reaffirmed
Vimal Dairy Ltd                         NFBF                  ICRA A4+    1       Assigned


MEDIUM TERM RATINGS:
-------------------
Commonwealth Bank Of Australia          Fixed Deposit         MAAA                 Withdrawn
(India Operations)                      Programme

LONG TERM RATINGS:
-------------------
A&J Microns Pvt Ltd                     FB TL                 ICRA BB-    121.6   Assigned
A&J Microns Pvt Ltd                     FB CC                 ICRA BB-    80      Assigned
A&J Microns Pvt Ltd                     Unallocated Limits    ICRA BB- /  43.4    Assigned
                                                              ICRA A4
Alkali Metals Ltd                       FBL                   ICRA BB     188.1   Reaffirmed
(revised from 23.67 CR)
Alkali Metals Ltd                       unallocated Limits    ICRA BB     146.9   Reaffirmed
(revised from 9.59 CR)
Au Financiers (India) Ltd -             PTC Series A          ICRA AA(SO) 981.4   Assigned
India Standard Loan
Trust Xxix
Au Financiers (India) Ltd -             Liquidity Facility    ICRA AAA    9.8     Assigned
India Standard Loan Trust Xxix                                (SO)
Au Financiers (India) Ltd -             Second Loss Facility  ICRA BBB    36.8    Assigned
India Standard Loan Trust Xxix                                (SO)
Au Financiers (India) Ltd -             PTC Series A          ICRA AA(SO) 999.1   Assigned
India Standard Loan Trust
Xxviii
Au Financiers (India) Ltd -             Liquidity Facility    ICRA AAA    10      Assigned
India Standard Loan Trust                                     (SO)
XXVIII
Au Financiers (India) Ltd -             Second Loss Facility  ICRA BBB    47.5    Assigned
India Standard Loan Trust                                     (SO)
XXVIII
Castall Technologies Pvt Ltd            FBL                   ICRA BB-    329.2   Assigned
Castall Technologies Pvt Ltd            Unallocated Limits    ICRA BB-    116.8   Assigned
Cygnus Splendid Ltd                     LT FB Facility - CC   ICRA D      36.4    Revised from
                                                                                  ICRA B
Cygnus Splendid Ltd                     LT FB Facility - TL   ICRA D      95      Revised from
                                                                                  ICRA B
Divi Enterprises                        CC                    ICRA B+     100     Suspended
Electronica Finance Ltd -Egret          PTC Series A1         ICRA A-(SO) 306.6   Assigned
Sbl Ifmr Capital 2016
Electronica Finance Ltd -Egret          PTC Series A2         ICRA BB+    13.8    Assigned
Sbl Ifmr Capital 2016
                                        (SO)
Hansoge Enterprises Pvt Ltd             TL                    ICRA BBB    500     Assigned
                                                              (SO)
Haran Chandra Cold Storage Pvt          TL                    ICRA B      50.9    Assigned
Ltd
Haran Chandra Cold Storage Pvt          Seasonal CC           ICRA B      42.9    Assigned
Ltd
Haran Chandra Cold Storage Pvt          Working capital loan  ICRA B      4.2     Assigned
Ltd
Haran Chandra Cold Storage Pvt          BG                    ICRA B      2       Assigned
Ltd
Infinity.Com Financial                  Bk Fac                ICRA BBB    310     Suspended
Securities Ltd
Jk Paper Ltd                            FB Bk Fac: TL         ICRA BBB+   1220    Outstanding
Jk Paper Ltd                            Unallocated           ICRA BBB+   280     Outstanding
Jr Recreation Clubs & Resorts           TL                    ICRA AA-    716.1   Reassigned
Ltd                                                           (SO)                from
                                                                                  ICRA BBB-
Lic Mutual Fund Asset                   LIC MF Capital        ICRA AAA            Withdrawn
Management Ltd                          Protection Oriented   mfs (SO)
                                        Fund - Series 1
M M Rice Mill Pvt. Ltd.                 TL                    ICRA B      13.2    Suspended
M M Rice Mill Pvt. Ltd.                 FB CCF                ICRA B      47      Suspended
M M Rice Mill Pvt. Ltd.                 NFBL                  ICRA B      20      Suspended
M M Rice Mill Pvt. Ltd.                 unallocated Limits    ICRA B      112.8   Suspended
Maa Vaishno Edibles Pvt Ltd             CC                    ICRA B      40      Assigned
Maa Vaishno Edibles Pvt Ltd             TL                    ICRA B      19.5    Assigned
Maa Vaishno Edibles Pvt Ltd             Unallocated           ICRA B /    12.7    Assigned
                                                              ICRA  A4;
Majestic Auto Ltd                       TL                    ICRA BBB    79      Reaffirmed
(reduced from 15.78 CR)
Majestic Auto Ltd                       CC                    ICRA BBB    160     Reaffirmed
(increased from 15.00 CR)
Majestic Auto Ltd                       unallocated           ICRA BBB    118.5   Reaffirmed
(increased from 4.97 CR)
Mela Singh Memorial                     Bk Fac                ICRA B+     90      Suspended
Educational Trust
N.K. Trading Co                         LT - Fund Based CC    ICRA B+     220     Assigned
N.K. Trading Co                         LT/ST - Unallocated   ICRA B+ /   15      Assigned
                                                              ICRA A4
Netmatrix Crop Care Ltd                 TL                    ICRA BB-    325     Revised from
                                                                                  ICRA BB+
Netmatrix Crop Care Ltd                 CC                    ICRA BB-    135     Revised from
                                                                                  ICRA BB+
Netmatrix Crop Care Ltd                 Unallocated Limits    ICRA BB-    152     Revised from
                                                                                  ICRA BB+
Nexo Structures Pvt Ltd                 LT                    ICRA D      75      Suspended
Ome Sree Sai Ganesh Poultries           LT                    ICRA B      50.9    Suspended
Ome Sree Sai Ganesh Poultries           CC                    ICRA B      15      Suspended
Pioneer Investcorp Ltd                  Bk Fac                ICRA BBB    1000    Suspended
President Clothing Company              CC Fac                ICRA B+     20      Suspended
President Clothing Company              TL Fac                ICRA B+     8.7     Suspended
President Clothing Company              proposed Fac          ICRA B+/A4  31.3    Suspended
Saraswati Education Society,            LT, FB Limits         ICRA D      500     Downgraded
Khargar                                                                           from
                                                                                  ICRA BB
Satin Creditcare Network Ltd            PTC Series A1         ICRA A-(SO) 907.6   Assigned
Satin Creditcare Network Ltd            PTC Series A2         ICRA A-(SO) 80.7    Assigned
Shreekant Oils Pvt Ltd                  Bk Fac                ICRA BB-    78.3    Suspended
Shrem Resort Pvt Ltd                    TL                    ICRA BBB    1000    Assigned
Shriram Transport Finance Co.           Second Loss Facility  ICRA A(SO)          Withdrawn
Ltd - Sansar Trust Feb 2014 I
Shriram Transport Finance Co.           Second Loss Facility  ICRA A(SO)          Withdrawn
Ltd - Sansar Trust Feb 2014 I
Shriram Transport Finance Co.           PTCs                  ICRA AAA            Withdrawn
Ltd - Sansar Trust Feb 2014 I                                 (SO)
Shriram Transport Finance Co.           PTCs                  ICRA AAA            Withdrawn
Ltd - Sansar Trust Feb 2014 I                                 (SO)
Smile Microfinance Ltd -Alpha           PTC Series A1         ICRA AA-            Withdrawn
Trust December 15                                             (SO)
Sree Giridhari Raw & Boiled             FBL                   ICRA B+     57.5    Suspended
Rice Mill
Sree Giridhari Raw & Boiled             unallocated Limits    ICRA B+ /   42.5    Assigned
Rice Mill                                                     ICRA A4
Sri Venkatramana Paper Mills            TL Fac                ICRA D      280     Suspended
Pvt Ltd
Sri Venkatramana Paper Mills            FB Fac                ICRA D      145     Suspended
Pvt Ltd
Sri Venkatramana Paper Mills            proposed Fac          ICRA D      45      Suspended
Pvt Ltd
Sri Venkatramana Paper Mills            LOC facility          ICRA D      50      Suspended
Pvt Ltd
Sri Venkatramana Paper Mills            BG facility           ICRA D      20      Suspended
Pvt Ltd
Srinath Trading Company                 FB limits - CC        ICRA BB     15      Reaffirmed
Srinath Trading Company                 FB limits - Bill      ICRA BB     245     Reaffirmed
                                        Discounting
Sunway Infrastructure Services          LT FB Facility - TL   ICRA D      85      Revised from
Ltd                                                                               ICRA B
Tata Consultancy Services Ltd           LT/ST Fundbased /     ICRA AAA /  49390   Reaffirmed
                                        Non-FB Fac            ICRA A1+
Tata Consultancy Services Ltd           LT/ST Fundbased Fac   ICRA AAA /  5000    Reaffirmed
                                                              ICRA A1+
Tata Consultancy Services Ltd           LT/ST Non-FB Fac      ICRA AAA /  6200    Reaffirmed /
                                                              ICRA A1+            Assigned
(enhanced from 320.0 CR)
Tata Metaliks Di Pipes Ltd              Fund based Bk Fac     ICRA A+     200     Reaffirmed
Tata Metaliks Di Pipes Ltd              TL                    ICRA A+     516.9   Reaffirmed
Tsr Nirmaan Pvt. Ltd.                   CC                    ICRA BB-    100     Suspended
Vaighai Agro Products Ltd               LT : TL               ICRA BB+    91.5    Reaffirmed
Vaighai Agro Products Ltd               LT: FB Fac            ICRA BB+    210     Reaffirmed
Vaighai Agro Products Ltd               LT: Proposed Fac      ICRA BB+    2.4     Reaffirmed
Vasista Marine                          FBL & LT              ICRA BB-    230     Suspended
Vasista Marine                          NFBL                  ICRA BB- /  10      Suspended
                                                              ICRA A4
Vasista Marine                          unallocated Limits    ICRA BB- /  10      Suspended
                                                              ICRA A4
Vimal Dairy Ltd                         FBF                   ICRA BB+    460.6   Withdrawn
--------------------------------------------------------------------------------------------
$: 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)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below