Reuters logo
ICRA ratings for Indian debt instruments-Jun 2
June 2, 2017 / 10:46 AM / 4 months ago

ICRA ratings for Indian debt instruments-Jun 2

    Jun 2 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of June 1, 2017.


COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Adisankara Spinning Mills Pvt           ST non fund- based FacICRA A1      200     Developing
Ltd                                                                                implications
Chowgule And Company Pvt Ltd            Short- term fund-     ICRA A1+
                                        based and non- fund-
                                        based limits
Dcm Shriram Ltd                         Short- Term Non- FBL  ICRA A1+     8850    Reaffirmed
Dcm Shriram Ltd                         CP Programme          ICRA A1+     8000    Reaffirmed
Kuloday Technopack Pvt Ltd              Non- FBL              ICRA A4+     86      Withdrawn
Pagro Frozen Foods Pvt Ltd              Corporate Loan        ICRA A4      7.5     Reaffirmed
Prabhu Spinning Mills Pvt Ltd           ST non fund- based FacICRA A1      250     Developing
                                                                                   implications
Prism Enterprises Pvt Ltd               Short- term - Non-    ICRA A4      21      Assigned
                                        fund Based
Prism Jewellery                         Short- term - Non-    ICRA A4      10.5    Assigned
                                        fund Based
Sivaraj Spinning Mills Pvt Ltd          ST non fund- based FacICRA A1      100     Developing
                                                                                   implications
Sivaraj Spinning Mills Pvt Ltd          Long / ST:            ICRA A1      27.5    Developing
                                        Unallocated limits                         implications
Sri Matha Spinning Mills Pvt            ST non fund- based FacICRA A1      200     Developing
Ltd                                                                                implications
Sri Shanmugavel Mills Pvt Ltd           ST non fund- based FacICRA A1      400     Developing
                                                                                   implications
Sri Velayudhaswamy Spinning             ST non fund- based FacICRA A1      500     Developing
Mills Pvt Ltd                                                                      implications
Sudhan Spinning Mills Pvt Ltd           ST non fund- based FacICRA A1      600     Developing
                                                                                   implications
Vedha Spinning Mills Pvt Ltd            ST non fund- based FacICRA A1      150     Developing
                                                                                   implications

MEDIUM TERM RATINGS:
-------------------

Dcm Shriram Ltd                         Fixed Deposit         MAA+         400     Upgraded
                                        Programme                                  from MAA-

LONG TERM RATINGS:
-------------------
Adisankara Spinning Mills Pvt           LT fund- based Fac    ICRA A+      450     Developing
Ltd                                                                                implications
Adisankara Spinning Mills Pvt           Long / ST:            ICRA A+ /A1  250     Developing
Ltd                                     Unallocated limits                         implications
Chowgule And Company Pvt Ltd            TL                    ICRA A+      1350    Reaffirmed
Chowgule And Company Pvt Ltd            Long- term, Non- FBL  ICRA A+      1820.3  Reaffirmed
Dcm Shriram Ltd                         Long- Term / Short-   ICRA AA      3114.3  Upgraded
                                        Term Unallocated                           from ICRA AA
                                                                                   / A1+
Dcm Shriram Ltd                         TL                    ICRA AA      1185.7  Upgraded
                                                                                   from ICRA AA-
Dcm Shriram Ltd                         Long- Term FBL        ICRA AA      8700    Upgraded
                                                                                   from ICRA AA-
Fmr Capital Finance Pvt. Ltd.-          PTC Series A2         ICRA BB+(SO) -       Upgraded
Ifmr Capital Sbl Mosec                                                             from ICRA
                                                                                   B(SO)
Gadag- Betgeri City Municipal           Issuer Rating         IrBBB-               Assigned
Council
Gangavathi City Municipal               Issuer Rating         IrBBB-               Assigned
Council
Ifmr Capital Finance Pvt. Ltd-          PTC Series A1         ICRA         -       Withdrawn
Ifmr Capital Sbl Mosec                                        BBB+(SO)
Ifmr Capital Finance Pvt.               PTC Series A1         ICRA A(SO)   -       Withdrawn
Ltd.- Ifmr Capital Mosec Nile
2016
Ifmr Capital Finance Pvt.               PTC Series A1         ICRA BBB(SO) -       Withdrawn
Ltd.- Ifmr Capital Mosec
Phaenna 2015
Ifmr Capital Finance Pvt.               PTC Series A1         ICRA         -       Withdrawn
Ltd.- Ifmr Capital Mosec                                      BBB+(SO)
Saturn 2016
Ifmr Capital Finance Pvt.               PTC Series A1         ICRA         -       Withdrawn
Ltd.- Ifmr Capital Mosec Terra                                BBB+(SO)
2015
Kaveri Silk Mills Pvt Ltd               Fund- based limits    ICRA BB-     326     Reaffirmed
Kaveri Silk Mills Pvt Ltd               Unallocated limit     ICRA BB-     6.2     Reaffirmed
Kuloday Technopack Pvt Ltd              Fund- based Limits    ICRA BB+     180.3   Withdrawn
                                                              /A4+
Kuloday Technopack Pvt Ltd              Unallocated Limits    ICRA BB+     3.7     Withdrawn
                                                              /A4+
Pagro Frozen Foods Pvt Ltd              TL                    ICRA B       72.6    Reaffirmed
Pagro Frozen Foods Pvt Ltd              CC                    ICRA B       150     Reaffirmed
Pagro Frozen Foods Pvt Ltd              Unallocated limit     ICRA B       77.4    Reaffirmed
Prabhu Spinning Mills Pvt Ltd           LT fund- based Fac    ICRA A+      900     Developing
                                                                                   implications
Prabhu Spinning Mills Pvt Ltd           Long / ST:            ICRA A+ /A1  300     Developing
                                        Unallocated limits                         implications
Prism Enterprises Pvt Ltd               Long- term and Short- ICRA BB-     979     Assigned
                                        term - Fund- based
Prism Jewellery                         Long- term - Fund-    ICRA BB-     134     Assigned
                                        based
Prism Jewellery                         Long- term and Short- ICRA BB- /A4 5.5     Assigned
                                        term - Unallocated
Ranebennur City Municipal               Issuer Rating         IrBBB-               Assigned
Council
Sivaraj Spinning Mills Pvt Ltd          LT - TL Fac           ICRA A+      122.5   Developing
                                                                                   implications
Sivaraj Spinning Mills Pvt Ltd          LT fund- based Fac    ICRA A+      450     Developing
                                                                                   implications
Smile Microfinance Ltd- Kira            PTC Series A2         ICRA BB(SO)  -       Withdrawn
Ifmr Capital 2016
Smile Microfinance Ltd- Kira            PTC Series A1         ICRA         -       Withdrawn
Ifmr Capital 2016                                             BBB+(SO)
Sri Matha Spinning Mills Pvt            LT fund- based Fac    ICRA A+      400     Developing
Ltd                                                                                implications
Sri Matha Spinning Mills Pvt            Long / ST:            ICRA A+ /A1  200     Developing
Ltd                                     Unallocated limits                         implications
Sri Shanmugavel Mills Pvt Ltd           LT fund- based Fac    ICRA A+      1200    Developing
                                                                                   implications
Sri Shanmugavel Mills Pvt Ltd           Long / ST:            ICRA A+ /A1  850     Developing
                                        Unallocated limits                         implications
Sri Velayudhaswamy Spinning             LT fund- based Fac    ICRA A+      1500    Developing
Mills Pvt Ltd                                                                      implications
Sri Velayudhaswamy Spinning             Long / ST:            ICRA A+ /A1  500     Developing
Mills Pvt Ltd                           Unallocated limits                         implications
Sudhan Spinning Mills Pvt Ltd           LT - TL Fac           ICRA A+      775     Developing
                                                                                   implications
Sudhan Spinning Mills Pvt Ltd           LT fund- based Fac    ICRA A+      1200    Developing
                                                                                   implications
Sudhan Spinning Mills Pvt Ltd           Long / ST:            ICRA A+ /A1  1025    Developing
                                        Unallocated limits                         implications
United Telecoms Ltd                     Fund- based Limits    ICRA D       590     Reaffirmed
United Telecoms Ltd                     Non- FBL              ICRA D       3060    Reaffirmed
Vedha Spinning Mills Pvt Ltd            LT fund- based Fac    ICRA A+      350     Developing
                                                                                   implications
Vedha Spinning Mills Pvt Ltd            Long / ST:            ICRA A+ /A1  60      Developing
                                        Unallocated limits                         implications
--------------------------------------------------------------------------------------------
$: 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)

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