December 26, 2016 / 10:33 AM / 7 months ago

ICRA ratings for Indian debt instruments-Dec 26

11 Min Read

Dec 26 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of December 23, 2016.


COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Anoj Kumar Agarwala                     ST Scale - NFBL - BG  ICRA A4+    160     Suspended
Anshul Specialty Molecules Ltd          FBL - EPC             ICRA A3     30      Suspended
Anshul Specialty Molecules Ltd          Non Fund Bas          ICRA A3     50.8    Suspended
Har Auto Pvt Ltd                        ST FB Fac             ICRA A4     110     Suspended
Jindal Pipes Ltd                        CP                    ICRA A1+    500     Assigned
Markwell Spinning Pvt Ltd               BG                    ICRA A4     22.5    Suspended
Markwell Spinning Pvt Ltd               Foreign/Inland LC*    ICRA A4             Suspended
*Sublimit of Term Loan
Merittrac Services Pvt Ltd              Non-Fund Based        ICRA A2+            Reaffirmed
                                        (sub-limit) Limits
Simola Vitrified Pvt Ltd                ST Scale - NFBL       ICRA A4     60      Suspended
Simola Vitrified Pvt Ltd                Inland LOC/Foreign    ICRA A4             Reaffirmed
                                        LOC*
*sublimit within CC
Simola Vitrified Pvt Ltd                PC / PCFC / FBP / FBD ICRA A4             Reaffirmed
                                        / FCBP / FCBD Limits
Simola Vitrified Pvt Ltd                BG                    ICRA A4     35      Reaffirmed
Solar Energy Corporation Of             NFBL                  ICRA A1+    500     Reaffirmed
India

LONG TERM RATINGS:
-------------------
Aadarsh Extrusion Pvt Ltd               FBL - CC              ICRA B      25      Assigned
Aadarsh Extrusion Pvt Ltd               FBL - TL              ICRA B      34      Assigned
Aadarsh Extrusion Pvt Ltd               Unallocated Limits    ICRA B /    10.5    Assigned
                                                              ICRA A4
Alvi Tech Services Pvt Ltd              LT Scale - FBL        ICRA B      106.3   Suspended
Alvi Tech Services Pvt Ltd              LT & ST Scale -       ICRA B /    33.7    Suspended
                                        Untied Limits         ICRA A4
Anoj Kumar Agarwala                     LT Scale - FBL- CC    ICRA BB     60      Suspended
Anoj Kumar Agarwala                     LT & ST Scale -       ICRA BB     9       Suspended
                                        Untied Limits         /ICRA A4,
Anshul Specialty Molecules Ltd          FBL - CC Limits       ICRA BBB-   70      Suspended
Anshul Specialty Molecules Ltd          FBL - Tem Loan        ICRA BBB-   69.9    Suspended
Anshul Specialty Molecules Ltd          Unallocated Limits    ICRA BBB-   24      Suspended
Batra Logistics Pvt Ltd                 Bk Fac                ICRA B+     75.5    Suspended
Bhaurao Chavan Sahakari Sakhar          TL                    ICRA BB-    450     Upgraded
Karkhana Ltd                                                                      from ICRA B+
Bhaurao Chavan Sahakari Sakhar          FBL                   ICRA BB-    920     Upgraded
Karkhana Ltd                                                                      from ICRA B+
Bhaurao Chavan Sahakari Sakhar          Basal Dose Loan       ICRA BB-    90      Upgraded
Karkhana Ltd                                                                      from ICRA B+
Biba Apparels Pvt Ltd                   LT fund based Bk      ICRA A+ /   300*    Reaffirmed
                                        limits^               ICRA A1+
^Long-term fund-based limits are interchangeable with short-term fund-based limits
 and in case the limits are availed as short-term facilities, short-term rating
 will be applicable.   *Includes unallocated amount of Rs 7 crore
Brij Lal Hospital And Research          Bk Fac                ICRA B      149.8   Suspended
Centre Pvt Ltd
City'S Kitchen                          fund based facility   ICRA D      50.5    Suspended
Ecgc Ltd                                CPA                   iAAA                Reaffirmed
Gurutek India Pvt Ltd                   FB Fac                ICRA  B     50      Suspended
Har Auto Pvt Ltd                        LT FB Fac             ICRA BB-    180     Suspended
Janalakshmi Financial Services          NCD                   ICRA A+     11000   Assigned
Ltd
Jeevan Saar Educational Society         FBL                   ICRA  D     190     Suspended
K. Chandrakant & Company                LT & ST Scale - FBL   ICRA BB+ /  1000    Suspended
International Pvt Ltd                                         ICRA A4+
Kamadanathji Textile Pvt Ltd            Bk Fac                ICRA B      83.8    Suspended
Kamadgiri Fabrics                       Bk Fac                ICRA B      80      Suspended
Kufri Fun Campus Pvt Ltd                FBL                   ICRA  D     90      Suspended
M/S Sri Nagamalleswara Spintex          LT FBL                ICRA B      217.1   Suspended
(India) Pvt. Ltd
M/S Sri Nagamalleswara Spintex          unallocated limits    ICRA B /    52.9    Suspended
(India) Pvt. Ltd                                              ICRA A4
Mahavir Foundation For                  FBL                   ICRA  D     270     Suspended
Educational Research &
Development
Markwell Spinning Pvt Ltd               TL                    ICRA B+     461.2   Suspended
Markwell Spinning Pvt Ltd               CC                    ICRA B+     70      Suspended
Merittrac Services Pvt Ltd              FBL                   ICRA BBB+   80      Reaffirmed
Nanu Ram Jindal Gum And                 Bk Fac                ICRA B+     60      Suspended
Chemicals Pvt Ltd
R.N. Metals                             Bk Fac                ICRA B+/ A4 250     Suspended
Rajendra Engineering Udyog Pvt          Bk Fac                ICRA B+     65      Suspended
Limted
Rajendra Singh Kiledar                  Bk Fac                ICRA BB     260     Suspended
Constructions Pvt Ltd
Rgs Healthcare Pvt Ltd                  LT FB (proposed Bk    ICRA BB+    83      Assigned
                                        limit)
Rgs Healthcare Pvt Ltd                  Long/ST FBL           ICRA BB+ /  17      Assigned
                                                              ICRA A4+
Rishabh Associates                      Bk Fac                ICRA B+ /   90      Suspended
                                                              ICRA A4
Shivam Export                           LT Scale - FBL - EPC  ICRA BB+    30      Suspended
Shivam Export                           LT Scale - FBL - PSC  ICRA BB+    50      Suspended
Shivam Export                           LT Scale - FBL -      ICRA BB+    10      Suspended
                                        Stand by limit
Shivam Export                           Unallocated Limits    ICRA BB+    110     Suspended
Shree R.N. Metals (India) Pvt           Bk Fac                ICRA B+/ A4 110     Suspended
Ltd
Simola Vitrified Pvt Ltd                TL                    ICRA BB     58.5    Upgraded
                                                                                  from
                                                                                  ICRA BB-
Simola Vitrified Pvt Ltd                CC Limit              ICRA BB     115     Upgraded
                                                                                  from
                                                                                  ICRA BB-
Simola Vitrified Pvt Ltd                Unallocated Limits    ICRA BB /   154.3   Assigned
                                                              ICRA  A4
Solar Energy Corporation Of             TL                    ICRA AA+    500     Upgraded
India                                                                             from
                                                                                  ICRA AA-
Tata Sons Ltd                           NCD programme         ICRA AAA    3000    Withdrawn
Tata Sons Ltd                           NCD programme         ICRA AAA    2000    Withdrawn
Thirumeni Finance Pvt Ltd               NCD Programme         ICRA BBB-   204     Assigned
Zf Hero Chassis Systems Pvt Ltd         TL                    ICRA BBB+   100     Assigned
Zf Hero Chassis Systems Pvt Ltd         CC Fac                ICRA BBB+   300     Upgraded
                                                                                  from
                                                                                  ICRA BBB
--------------------------------------------------------------------------------------------
$: 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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