May 29, 2017 / 10:15 AM / 3 months ago

ICRA ratings for Indian debt instruments-May 29

    May 29 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of May 26, 2017.


COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Ecl Finance Ltd                         CP Programme (IPO     ICRA A1+     40000   Assigned
                                        financing)
Ecl Finance Ltd                         CP Programme          ICRA A1+     36000   Outstanding
Ecl Finance Ltd                         ST NCD Programme      ICRA A1+     1000    Outstanding
Ecl Finance Ltd                         CP Programme (IPO     ICRA A1+     40000   Withdrawn
                                        financing)
Ecl Finance Ltd                         ST Principal          PP-MLDICRA   9000    Outstanding
                                        Protected Market      A1+
                                        Linked Debenture Programme
Edelweiss Commodities Services          CP Programme (IPO     ICRA A1+     30000   Assigned
Ltd                                     financing)
Edelweiss Commodities Services          ST NCD Programme      ICRA A1+     1000    Outstanding
Ltd
Edelweiss Commodities Services          CP Programme (IPO     ICRA A1+     60000   Withdrawn
Ltd                                     financing)
Edelweiss Commodities Services          ST Principal          PP-MLDICRA   5000    Outstanding
Ltd                                     Protected Market      A1+
                                        Linked Debenture Programme
Edelweiss Financial Services            CP Programme (IPO     ICRA A1+     20000   Assigned
Ltd                                     financing)
Edelweiss Financial Services            CP Programme          ICRA A1+     50000   Outstanding
Ltd
Edelweiss Financial Services            ST NCD Programme      ICRA A1+     1000    Outstanding
Ltd
Edelweiss Financial Services            CP Programme (IPO     ICRA A1+     50000   Withdrawn
Ltd                                     financing)
Evergreen Dooars Tea Pvt Ltd            Non Fund Based – BG   ICRA A4      3       Reaffirmed
International Cargo Terminals           NFBL                  ICRA A3+     650     Outstanding
& Infrastructure Pvt Ltd
J.M. Financial & Investment             CP programme (IPO     ICRA A1+     8000    Assigned
Consultancy Services Pvt Ltd            Financing)
J.M. Financial & Investment             CP programme          ICRA A1+     2000    Outstanding
Consultancy Services Pvt Ltd
J.M. Financial & Investment             CP programme (IPO     ICRA A1+     8000    Withdrawn
Consultancy Services Pvt Ltd            Financing)
Mahanagar Gas Ltd                       ST non-FB limits      ICRA A1+     4000    Reaffirmed
Network18 Media & Investments           CP Programme          ICRA A1+     10000   Reaffirmed
Ltd
Shivakriti International Ltd            Non-FB limits         ICRA A4+     620     Reaffirmed
Singhania Enterprises                   Non-FB – BG           ICRA A4      70      Assigned
Taste’L Fine Food Pvt Ltd               ST: FB limits         ICRA A4+     120     Assigned
Taste’L Fine Food Pvt Ltd               ST: Non-FBL           ICRA A4+     20      Assigned
The Indian Card Clothing Co.            Non fund based        ICRA A2+     20      Revised from
Ltd                                                                                ICRA A1
Tv18 Broadcast Ltd                      CP Programme          ICRA A1+     4000    Reaffirmed
                                                                
LONG TERM RATINGS:
-------------------
Bindu Recepies Pvt Ltd                  LT- NCD (Proposed)    ICRA BB      150     Assigned
Dbfs Finance & Leasing (India)          LT (LT) – Fund Based  ICRA BBB     200     Assigned
Ltd
Ecl Finance Ltd                         NCD Programme         ICRA AA      73500   Outstanding
Ecl Finance Ltd                         Subordinated Debt     ICRA AA      8500    Outstanding
                                        Programme
Ecl Finance Ltd                         Bk Lines              ICRA AA      110000  Outstanding
                                                              /ICRA A1+
Ecl Finance Ltd                         LT Principal          PP-MLDICRA   13500   Outstanding
                                        Protected Market      AA
                                        Linked Debenture Programme
Edelweiss Commodities Services          NCD Programme         ICRA AA      47000   Outstanding
Ltd
Edelweiss Commodities Services          Bk Lines              ICRA AA      20000   Outstanding
Ltd
Edelweiss Financial Services            NCD Programme         ICRA AA      5000    Outstanding
Ltd
Evergreen Dooars Tea Pvt Ltd            CC                    ICRA BB-     40      Reaffirmed
Evergreen Dooars Tea Pvt Ltd            TL                    ICRA BB-     31.6    Reaffirmed
Evergreen Dooars Tea Pvt Ltd            Unallocated Limits    ICRA BB-     125.4   Reaffirmed
                                                              /ICRA A4
Fortius Infradevelopers Llp             FB – TL (Proposed)    ICRA BB+     1000    Assigned
Hydro Magus Pvt Ltd                     LT, FB Limits         ICRA A-(SO)  40      Reaffirmed
Hydro Magus Pvt Ltd                     LT, Non-FBL           ICRA A-(SO)  60      Reaffirmed
International Cargo Terminals           FBL                   ICRA BBB     1315.8  Outstanding
& Infrastructure Pvt Ltd
Mahanagar Gas Ltd                       LT debt programme     ICRA AAA     1000    Reaffirmed
Mahanagar Gas Ltd                       LT non-FB limits      ICRA AAA     2000    Reaffirmed
Mytrah Vayu (Godavari) Pvt Ltd          TL                    ICRA BBB     7060    Assigned
Mytrah Vayu (Godavari) Pvt Ltd          FB limit              ICRA BBB     260     Assigned
Network18 Media & Investments           LT borrowing          ICRA AAA     5000    Upgraded
Ltd                                     programme (Bk loan /                       from ICRA AA+
                                        NCD Programme)
Network18 Media & Investments           LT/ ST FBL/ non-FBL   ICRA         5000    Upgraded
Ltd                                                           AAA/ICRA A1+         from ICRA
                                                                                   AA+/
                                                                                   Reaffirmed
Shivakriti International Ltd            FB limits             ICRA BB+     130     Reaffirmed
Singhania Enterprises                   FB – CC               ICRA B+      40      Assigned
Singhania Enterprises                   FB - optionally       ICRA B+      10      Assigned
                                        convertible
                                        debentureIP
Taste’L Fine Food Pvt Ltd               LT: FB limits         ICRA BB      10      Assigned
Taste’L Fine Food Pvt Ltd               LT/ST: Unallocated    ICRA BB /    10      Assigned
                                                              A4+
The Indian Card Clothing Co.            TL                    ICRA A-      56      Revised from
Ltd                                                                                ICRA A
The Indian Card Clothing Co.            Working capital       ICRA A-      10      Revised from
Ltd                                     demand loan                                ICRA A
The Indian Card Clothing Co.            Unallocated           ICRA A-      84      Revised from
Ltd                                                                                ICRA A
The Indian Card Clothing Co.            Fund based working    ICRA A- /    90      Revised from
Ltd                                     capital               ICRA A2+             ICRA A /
                                                                                   ICRA A1
Tulsiani Constructions And              TL                    ICRA D       300     Revised from
Developers Ltd                                                                     ICRA B+
Tv18 Broadcast Ltd                      LT/ST fund based      ICRA AAA     3540    Upgraded
                                        /non-FBL              /ICRA A1+            from
                                                                                   ICRA AA+ /
                                                                                   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
rru.data@thomsonreuters.com)

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