March 20, 2017 / 8:59 AM / 6 months ago

India Ratings for Indian debt instruments – Mar 20

    Mar 20 (Reuters) - Below are the ratings awarded by India Ratings and Research Private Ltd
(India Ratings), formerly known as Fitch Ratings India for local debt instruments as of
March 17, 2017.

COMPANY                         INSTRUMENT             RATING         AMOUNT    MOVEMENT
                                                                      (RS.MLN)
------                          ----------             ------         ------    ---------
SHORT TERM RATINGS:
-------------------
Dcdc Health Services Pvt Ltd    Non-FB limits          IND A4+          20       Assigned
Firestar Diamond International  Non-FB WC Fac          IND A2+ (SO)     1059     Affirmed
Pvt Ltd
 (reduced from INR1,169)
Firestar International Pvt Ltd  Non-FB WC Fac          IND A2+          2272     Affirmed
Prakash Parcel Services         Non-FB WC facility     IND A3           28.5     Assigned
Shree Baidyanath Ayurved Bhawan Non-FB WC Fac          IND A1           30       Affirmed
Pvt Ltd
Sri Avantika Contractors (I) LtdNon-FB WC limits       IND A3           1890     Upgraded from
                                                                                 IND A4+
Sri Avantika Contractors (I) Ltd*Proposed non-FB WC    Provisional IND  1360     Assigned
                                limits                 A3
* The above ratings are provisional and shall be confirmed upon the sanction and execution of
loan documents for the above facilities by SACIL to the satisfaction of Ind-Ra.
Vectus Industries Ltd           Non-FB WC              IND A2+          20       Assigned

LONG TERM RATINGS:
-------------------
Barath Building Constructions   TL                     IND BBB/Stab     920      Assigned
(I) Pvt Ltd
Dcdc Health Services Pvt Ltd    TL                     IND BB-          3.13     Assigned
Dcdc Health Services Pvt Ltd    FB WC limits           IND BB- /IND A4+ 25       Assigned
Firestar Diamond International  FB WC Fac              IND A-(SO) /IND  3824     Affirmed
Pvt Ltd                                                A2+(SO)
(reduced from INR3,861)
Firestar Diamond International  Proposed WC Fac*       Provisional IND  3367     Affirmed
Pvt Ltd                                                A-(SO)
                                                       /Provisional IND A2+(SO)
*The ratings are provisional and shall be confirmed upon the sanction and execution of loan
documents for the above facilities by FIPL to the satisfaction of Ind-Ra./(increased from
INR3,220)
Firestar International Pvt Ltd  FB WC Fac              IND A- /IND A2+  17132    Affirmed
Firestar International Pvt Ltd  Proposed WC Fac*       Provisional IND  5195     Affirmed
                                                       A- /Provisional
                                                       IND A2+
* The ratings are provisional and shall be confirmed upon the sanction and execution of loan
documents for the above facilities by FIPL to the satisfaction of Ind-Ra.
Mishra Polypacks Pvt Ltd        FB WC limits           IND BB- /IND A4+ 150      Assigned
Parbati Koldam Transmission Co. Rupee TL               IND AA+/         6450     Assigned
Ltd
Prakash Parcel Services         LT loans               IND BBB- /       30       Assigned
Prakash Parcel Services         FB WC facility         IND BBB- /IND A3 290      Assigned
Shree Baidyanath Ayurved Bhawan FB WC Fac              IND A /IND A1    420      Affirmed
Pvt Ltd
Sri Avantika Contractors (I) LtdFB WC limits           IND BBB- /IND A3 285      Upgraded from
                                                                                 IND
                                                                                 BB+/IND A4+
Sri Avantika Contractors (I) Ltd*Proposed FB WC limits Provisional IND  65       Assigned
                                                       BBB-
                                                       /Provisional IND A3
* The above ratings are provisional and shall be confirmed upon the sanction and execution of
loan documents for the above facilities by SACIL to the satisfaction of Ind-Ra.
 Vectus Industries Ltd          FB WC                  IND A-/ IND A2+  480      Assigned
Y. Achamma                      FB WC limits           IND B / IND A4   50       Assigned
-----------------------------------------------------------------------------------------------
Note:- All Indian National-scale ratings previously assigned by Fitch have been transferred to
India Ratings & Research Private Ltd (India Ratings), which is a wholly owned subsidiary of the
Fitch Group. The withdrawn criteria are now available on India Ratings' website at
www.indiaratings.co.in

$: 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

INDIA RATINGS 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; RWN- Rating
Watch Negative;
RWN- Rating Watch Evolve.

(Mumbai Rate Reporting Unit + 91 22 6180 7222 / 3317 7222, E-mail at
rru.data@thomsonreuters.com)

Our Standards:The Thomson Reuters Trust Principles.
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