June 23, 2017 / 11:49 AM / a month ago

ICRA ratings for Indian debt instruments-Jun 23

10 Min Read

    Jun 23 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of June 22, 2017.


COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------

Alliance Granimarmo Pvt Ltd             ST                    ICRA D       355     Issuer not
                                                                                   cooperating
Bank Of Barod                           Certificates of       ICRA A1+     200000  Withdrawn
                                        Deposit
Chayagraphics Healthcare Pvt            ST Non-FBL            ICRA A4      12.5    -
Ltd

Jinny Marine Traders                    Fund Based - EPC /FBD ICRA A4+     160     Reaffirmed
                                        /FBP /PCFC / EBR ^#
^EPC-Export  Packing  Credit,  FBD-Foreign  Bill  Discounting,  FBP-Foreign  Bill  Purchase, 
PCFC-Packing Credit in Foreign Currency, EBR-Export Bill Rediscounting, CEL-Credit Exposure
Limited

Jinny Marine Traders                    Non Fund Based-CEL^   ICRA A4+     12.5    Reaffirmed
# Overall FBWC limit fully interchangeable within limit of Rs. 16.00 crore

Jonas Petro Products Pvt Ltd            ST non fund based     ICRA D       0.5     Issuer not
                                                                                   cooperating
Jonas Petro Products Pvt Ltd            ST unallocated        ICRA D       14.5    Issuer not
Jp Flour Mills Pvt Ltd                  Non FBL –BG           ICRA A4+     30      Upgraded
                                                                                   from ICRA] A4
Subhasri Pigments Pvt Ltd               Foreign Bill Purchase ICRA A3+     144     Withdrawn


LONG TERM RATINGS:
-------------------
Alliance Granimarmo Pvt Ltd             TL                    ICRA D       179.7   Issuer not
                                                                                   cooperating
Annpoorna Overseas                      CC                    ICRA B+      130     Withdrawn
Bank Of Barod                           Basel III Compliant   ICRA         10000   Outstanding
                                        Tier II Bonds         AAA(hyb)
Bank Of Barod                           Term Deposit ProgrammeMAAA         -       Outstanding
Bydesign India Pvt Ltd                  BLR                   ICRA BBB-    207.5   Issuer not
                                                                                   cooperating
Chayagraphics Healthcare Pvt            LT CC                 ICRA B+      65      -
Ltd
Humboldt Wedag India Pvt Ltd            Issuer Rating         IrA+         -       Assigned
Ifmr Capital Finance Pvt Ltd            PTC Series A1         ICRA A       538.1   Withdrawn
Ifmr Capital Finance Pvt Ltd            PTC Series A2         ICRA B       28.3    Withdrawn
Jinny Marine Traders                    Fund Based-TL I       ICRA BB+     2.2     Reaffirmed
Jinny Marine Traders                    Fund Based-TL II      ICRA BB+     20.2    Reaffirmed
Jinny Marine Traders                    Unallocated limits    ICRA BB+/    0.1     Reaffirmed
                                                              A4+
Jonas Petro Products Pvt Ltd            LT fund based         ICRA D       35.9    Issuer not
                                                                                   cooperating
Jonas Petro Products Pvt Ltd            LT unallocated        ICRA D       19.1    Issuer not
                                                                                   cooperating
                                                                                   cooperating
Jp Flour Mills Pvt Ltd                  FBL –CC               ICRA BB+     130     Upgraded
                                                                                   from ICRA] BB
Jp Flour Mills Pvt Ltd                  FBL –Export Packing   ICRA BB+     30      Upgraded
                                        Credit                                     from ICRA] BB
Jp Flour Mills Pvt Ltd                  FBL –Untied (Proposed)ICRA BB+     16.2    Upgraded
                                                                                   from ICRA] BB
Mehta Brothers Gems Pvt Ltd             FBL                   ICRA B+      350     Reaffirmed
Muthoot Capital Services Ltd            PTC Series A1         Provisional  796.6   Assigned
                                                              ICRA A-
Muthoot Capital Services Ltd            PTC Series A2         Provisional  17.7    Assigned
                                                              ICRA A-
Muthoot Microfin Ltd                    PTC Series A1         Provisional  893.5   Assigned
                                                              ICRA A-
Muthoot Microfin Ltd                    PTC Series A2         Provisional  70.3    Assigned
                                                              ICRA A-
Muthoot Microfin Ltd                    PTC Series A1         Provisional  378.4   Assigned
                                                              ICRA A-
Muthoot Microfin Ltd                    PTC Series A2         Provisional  21      Assigned
                                                              ICRA A-
Paliwal Infrastructure Pvt Ltd          FBBk Fac –TL          ICRA A-      440     Upgraded
                                                                                   from
                                                                                   ICRA]BBB+
Polysol Industries                      Bk Loans              ICRA B+ /    118     Issuer not
                                                              ICRA A4              cooperating
Ramco Systems Ltd                       BLR                   ICRA A- /    1355    -
                                                              ICRA A2
Sanjay Rice Mills Pvt Ltd               Bk Fac                ICRA D       85      Issuer not
                                                                                   cooperating
Santosh Kumar Sharma                    FB Limits             ICRA BB      100     Assigned
Santosh Kumar Sharma                    Non-FBL               ICRA BB      150     Assigned
Sharekhan Financial Services            CP programme (IPO     -            5000    Withdrawn
Pvt Ltd                                 financing)
Sharekhan Financial Services            CP/ST debt programm   -            10000   Outstanding
Pvt Ltd
Shikarpur & Bhandapur Tea               BK FAC                ICRA BB-     74.8    Issuer not
Estates Pvt Ltd                                                                    cooperating
Sireesh Auto Pvt Ltd                    LT CC                 ICRA BB      180     -
Subhasri Pigments Pvt Ltd               TL                    ICRA BBB+    100.7   Withdrawn
Triton Maritime Pvt Ltd                 TL                    ICRA BB+     140     Downgraded
                                                                                   from
                                                                                   ICRA]BBB-
Vaishnavi Cotton Industries             BK FAC                ICRA B       70      Issuer not
                                                                                   cooperating
Yamuna Machine Works Ltd.               Bk Loans              ICRA B+ /    134.1   Issuer not
                                                              ICRA A4              cooperating

--------------------------------------------------------------------------------------------
$: 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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