March 8, 2017 / 11:06 AM / 5 months ago

ICRA ratings for Indian debt instruments-Mar 8

   Mar 8 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of March 7, 2017.


COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Accelerated Freeze Drying Co.           ST – FB Fac           ICRA A4+             Upgraded
Ltd                                                                                from ICRA A4
Accelerated Freeze Drying Co.           ST – Non FB Fac       ICRA A4+     19      Upgraded
Ltd                                                                                from ICRA A4
Avt Mccormick Ingredients Pvt           ST fund based Bk Fac  ICRA A2+     600     Reaffirmed
Ltd
Avt Mccormick Ingredients Pvt           ST fund based         ICRA A2+             Reaffirmed
Ltd                                     (sub-limit) Bk Fac
Avt Mccormick Ingredients Pvt           ST non-fund based     ICRA A2+             Reaffirmed
Ltd                                     (sub-limit) Bk Fac
Avt Mccormick Ingredients Pvt           Unallocated Limits    ICRA A2+     4.4     Reaffirmed
Ltd
B. V. Bio-Corp Pvt Ltd                  ST: NFBL              ICRA A2+     50      Reaffirmed
Central Bank Of India                   Corporate Governance  CGR 3+               Outstanding
                                        Practices
Desai Infrastructure Pvt Ltd            Non-FBL               ICRA A4      55      Reaffirmed
Falcon Pumps Pvt Ltd                    BG Limits             ICRA A2      2.8     Reaffirmed
Gh Induction India Pvt Ltd              ST, Non-fund based    ICRA A2      80      Reaffirmed
Kineco Ltd                              LT, Interchangeable   ICRA A1              Assigned
                                        limits
Mahindra Tsubaki Conveyors              Unallocated Limit     ICRA A1+     231.7   Reaffirmed
Systems Pvt Ltd
Marvel Technology And Tools             ST - BG               ICRA A4      25      Reaffirmed
Pvt Ltd
Nemlaxmi Books (India) Pvt Ltd          Non-FBL               ICRA A4      7.2     Reaffirmed
Nuevosol Energy Pvt Ltd                 Bill discounting      ICRA]A3      50      Reaffirmed
Pavan Cotton Products Pvt. Ltd.         ST Non-FBL            ICRA A4      2.4     Reaffirmed
Powered Epc Services Ltd                ST - BG               ICRA A4      50.6    Reaffirmed
Sgs Tekniks Manufacturing Pvt           FB Limits             ICRA A2+     318     Reaffirmed
Ltd
Shri Damodar Yarn                       NFBL                  ICRA A3      88      Reaffirmed
Manufacturing Pvt Ltd
Unibic Foods India Pvt Ltd              ST - Non-FBL          ICRA A4      5       Reaffirmed
Vishal Cables Pvt Ltd                   ST NFBL               ICRA A4      25      Assigned

MEDIUM TERM RATINGS:
-------------------
Gove Finance Ltd                        Fixed Deposit         MA-                  Reaffirmed

LONG TERM RATINGS:
-------------------
Adishakti Cars Pvt Ltd                  LT - FBL              ICRA BB      61      Reaffirmed
Adishakti Cars Pvt Ltd                  LT - Unallocated LimitICRA BB      14      Reaffirmed
Associated Commercial                   LT; Fund Based-CC     ICRA BB      60      Reaffirmed
Enterprises
Associated Commercial                   LT; Fund Based-TL     ICRA BB      40      Reaffirmed
Enterprises
Avt Mccormick Ingredients Pvt           TL facility           ICRA A-      8.1     Reaffirmed
Ltd
Avt Mccormick Ingredients Pvt           LT fund based /       ICRA A-              Reaffirmed
Ltd                                     non-fund based Bk
                                        (sub-limit) facility
Avt Mccormick Ingredients Pvt           LT / ST fund based Bk ICRA A- /    1350    Reaffirmed
Ltd                                     Fac                   ICRA A2+
B. V. Bio-Corp Pvt Ltd                  LT: FBL               ICRA A-      770     Reaffirmed
B. V. Bio-Corp Pvt Ltd                  Lont term / ST limits ICRA A- /    41.1    Reaffirmed
                                        (unallocated)         A2+
Central Bank Of India                   Upper Tier II bonds   ICRA A       2850    Downgraded
                                        programme                                  from ICRA A+
Central Bank Of India                   Upper Tier II bonds   ICRA A       5000    Downgraded
                                        programme                                  from ICRA A+
Central Bank Of India                   Upper Tier II bonds   ICRA A       5000    Downgraded
                                        programme                                  from ICRA A+
Central Bank Of India                   Upper Tier II bonds   ICRA A       10000   Downgraded
                                        programme                                  from ICRA A+
Central Bank Of India                   Lower Tier II bonds   ICRA A+      3891    Downgraded
                                        programme (with Green                      from ICRA AA-
                                        Shoe Option of Rs. 270 crore)
Central Bank Of India                   Lower Tier II bonds   ICRA A+      2700    Downgraded
                                        programme                                  from ICRA AA-
Central Bank Of India                   Lower Tier II bonds   ICRA A+      5000    Downgraded
                                        programme                                  from ICRA AA-
Central Bank Of India                   Lower Tier II bonds   ICRA AA-     7000    Withdrawn
                                        programme
Desai Infrastructure Pvt Ltd            FB Limits             ICRA B       45      Reaffirmed
Falcon Pumps Pvt Ltd                    CC Limits             ICRA BBB+    375     Reaffirmed/
                                                                                   Assigned
Falcon Pumps Pvt Ltd                    TL                    ICRA BBB+    46.5    Reaffirmed/
                                                                                   Assigned
Gh Induction India Pvt Ltd              LT: FB Fac            ICRA BBB+    30      Upgraded
                                                                                   from ICRA BBB
Gh Induction India Pvt Ltd              LT: Unallocated       ICRA BBB+    27.6    Upgraded
                                                                                   from ICRA BBB
Gokak Textiles Ltd                      TL                    ICRA D       97.9    Revised from
                                                                                   ICRA BB-&
Gokak Textiles Ltd                      LT FBL                ICRA D       1371.5  Revised from
                                                                                   ICRA BB-&
Gokak Textiles Ltd                      ST FBL                ICRA D       200     Revised from
                                                                                   ICRA A4&
Jp Sortex Pvt Ltd                       CC                    ICRA B+      370     Reaffirmed
Jp Sortex Pvt Ltd                       Unallocated           ICRA         30      Reaffirmed
                                                              B+/ICRA A4
K.P.R Agros Poultries Pvt Ltd           LT FBL                ICRA B+      140     Reaffirmed
K.P.R Agros Poultries Pvt Ltd           LT Unallocated Limits ICRA B+      60      Reaffirmed
Kineco Ltd                              LT, FB Fac            ICRA A (SO)  200     Assigned
Kineco Ltd                              LT, Interchangeable   ICRA A (SO)          Assigned
                                        limits
Lohiya Developers                       FB Limits             ICRA B       50      Reaffirmed;
                                                                                   suspension
                                                                                   revoked
Lohiya Developers                       Non-FBL               ICRA B       5       Reaffirmed;
                                                                                   suspension
                                                                                   revoked
Mahindra Tsubaki Conveyors              FBL                   ICRA A+      85      Reaffirmed
Systems Pvt Ltd
Mangalore Sez Ltd                       TL                    ICRA A+      7060    Reassigned
                                                                                   from
                                                                                   ICRA A
Marvel Technology And Tools             LT - CC               ICRA BB-     9       Reaffirmed
Pvt Ltd
Marvel Technology And Tools             LT - TL               ICRA BB-     58      Reaffirmed
Pvt Ltd
Marvel Technology And Tools             LT - Unallocated      ICRA BB-     8       Reaffirmed
Pvt Ltd
Nemlaxmi Books (India) Pvt Ltd          FBL                   ICRA B+      88.6    Reaffirmed
Nemlaxmi Books (India) Pvt Ltd          Unallocated Limits    ICRA B+      20.4    Reaffirmed
Nuevosol Energy Pvt Ltd                 CC                    ICRA BBB-    60      Reaffirmed
Nuevosol Energy Pvt Ltd                 BG/ LOC               ICRA         230     Reaffirmed
                                                              BBB-/ICRA A3
Nuevosol Energy Pvt Ltd                 Unallocated Limits    ICRA         240     Reaffirmed
                                                              BBB-/ICRA A3
P&R Engineering Services Pvt            LT Fund Based         ICRA D       221.7   Reaffirmed
Ltd
P&R Gogaripur Hydro Power Pvt           LT Fund Based         ICRA D       94.8    Reaffirmed
Ltd
Padmaja Farms                           LT FBL                ICRA B+      69.5    Reaffirmed
Padmaja Farms                           LT Unallocated Limits ICRA B+      30.5    Reaffirmed
Pavan Cotton Products Pvt. Ltd.         LT FBL                ICRA B+      100.7   Reaffirmed
Pavan Cotton Products Pvt. Ltd.         LT Unallocated Limits ICRA B+      2.2     Reaffirmed
Powered Epc Services Ltd                LT- CC                ICRA B       20      Reaffirmed
Saraf Builders                          FB Limit              ICRA BB-     137.5   Reaffirmed
Saraf Builders                          Non-FBL               ICRA BB-             Reaffirmed
Sgs Tekniks Manufacturing Pvt           TL                    ICRA BBB+    125     Reaffirmed
Ltd
Sgs Tekniks Manufacturing Pvt           NFBL                  ICRA BBB+    2       Reaffirmed
Ltd
Shree Bhagyalaxmi Industries            FBL                   ICRA B       73.3    Reaffirmed
Shree Bhagyalaxmi Industries            Unallocated Limits    ICRA B       21.7    Reaffirmed
Shri Damodar Yarn                       FBL                   ICRA BBB-    262     Reaffirmed
Manufacturing Pvt Ltd
Shri Damodar Yarn                       Unallocated Limit     ICRA BBB-    12.5    Reaffirmed
Manufacturing Pvt Ltd                                         and/or ICRA
                                                              A3
Spark Insulators Pvt Ltd                LT FBL                ICRA BB-     60      Upgraded
                                                                                   from ICRA B+
Spark Insulators Pvt Ltd                LT Non-FBL            ICRA BB-     20      Upgraded
                                                                                   from ICRA B+
Spark Insulators Pvt Ltd                Long/ST Unallocated   ICRA BB-     19.5    Upgraded
                                        Limits                /ICRA A4             from ICRA B+
                                                                                   /Reaffirmed
Sri Lakshmi Poultry Complex             LT FBL                ICRA B+      345.6   Reaffirmed
Pvt Ltd
Sri Lakshmi Poultry Complex             LT Unallocated Limits ICRA         54.4    Reaffirmed
Pvt Ltd                                                       B+/ICRA A4;
Unibic Foods India Pvt Ltd              LT - FBL              ICRA BB      245     Reaffirmed
Unibic Foods India Pvt Ltd              LT / ST - Unallocated ICRA BB / A4 150     Assigned
Varsha Multitech                        LT-Fund BasedWorking  ICRA BBB-    50      Upgraded
                                        Capital Limits                             from ICRA BB+
Vishal Cables Pvt Ltd                   LT FBL – TL           ICRA BB      35.2    Assigned
Vishal Cables Pvt Ltd                   LT FBL – CC           ICRA BB      130     Assigned
Vishal Cables Pvt Ltd                   LT Unallocated Limits ICRA BB      59.8    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)

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