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India Ratings for Indian debt instruments - Dec 23
December 23, 2016 / 8:11 AM / 9 months ago

India Ratings for Indian debt instruments - Dec 23

Dec 23 (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
December 22, 2016.

COMPANY                         INSTRUMENT             RATING         AMOUNT   MOVEMENT
                                                                       (RS.MLN)
------                          ----------             ------          ------   ---------
SHORT TERM RATINGS:
-------------------
Aishwarya Impex                 Fund Based WC Limit    IND A4+          150      Upgraded from
                                                                                 IND A4
Columbia Petro Chem Pvt Ltd     Fund Based WC Limit    IND A2+          300      Affirmed
Columbia Petro Chem Pvt Ltd     NFB WC Limit           IND A2+          4450     Affirmed
Enem Nostrum Remedies Pvt Ltd   Non-FB BG              IND A4+          2.5      Withdrawn
Euro Safety Footwear (I) Pvt LtdNon-FB Fac             IND A4+          60       Withdrawn
Hindustan Adhesives Ltd         Fund Based WC Limit    IND A3           155      Assigned
Hindustan Adhesives Ltd         NFB WC Limit           IND A3           60       Assigned
Kaamadhenu Spinners             Non-FB Fac             IND A4           1.6      Withdrawn
Megha Engineering &             Fund Based WC Limit    IND A1+          1200     Provisional
Infrastructures Ltd
Megha Engineering &             NFB WC Limit           IND A1+          11820    Provisional
Infrastructures Ltd
Megha Engineering &             Fund Based WC Limit    IND A1+          2250     Assigned
Infrastructures Ltd
Megha Engineering &             Fund Based WC Limit    IND A1+          50       Provisional
Infrastructures Ltd
Megha Engineering &             NFB WC Limit           IND A1+          68900    Assigned
Infrastructures Ltd
Megha Engineering &             NFB WC Limit           IND A1+          1780     Provisional
Infrastructures Ltd
Mercury Industries Ltd          Non-FB Fac             IND A3           15.5     Assigned
Murano Tiles Pvt Ltd            Non-FB Fac             IND A4+          19       Withdrawn
Ratan Mica Exports Pvt Ltd      Non-FB limits          IND A4           0.6      Withdrawn
Rbm Industries                  Non-FB limit           IND A4+          2.5      Withdrawn
Ujaas Energy Ltd                Fund Based WC Limit    IND A3           95       Affirmed
Ujaas Energy Ltd                NFB WC Limit           IND A3           790      Affirmed
Vijayawada Hospitalities Pvt.   Non-FB limits          IND A4+          7        Withdrawn
Ltd
Yes Bank Ltd                    ST Issuer Rating       IND A1+                   Assigned


LONG TERM RATINGS:
-------------------
Agrawal Soya Extracts Pvt Ltd   LT Issuer Rating       WD                        Withdrawn
Agrawal Soya Extracts Pvt Ltd   Fund Based WC Limit    WD               70       Withdrawn
Agrawal Soya Extracts Pvt Ltd   TL                     WD               49       Withdrawn
Aishwarya Impex                 LT Issuer Rating       IND BB-                   Upgraded from
                                                                                 IND B+
Aishwarya Impex                 Fund Based WC Limit    IND BB-          150      Upgraded from
                                                                                 IND B+
Aishwarya Impex                 TL                     IND BB-          70       Upgraded from
                                                                                 IND B+
Anand Prakash Ankit Kumar       LT Issuer Rating       IND BB-                   Withdrawn
Anand Prakash Ankit Kumar       FB WC limits.          IND BB- / IND A4+337.5    Withdrawn
Annai Arul Health Care Pvt. Ltd LT Issuer Rating       IND B                     Withdrawn
Annai Arul Health Care Pvt. Ltd FB limit               IND B            2.5      Withdrawn
Annai Arul Health Care Pvt. Ltd TL                     IND B            76       Withdrawn
Atithya Inn Pvt Ltd             LT Issuer Rating       IND BB                    Affirmed
Atithya Inn Pvt Ltd             TL                     IND BB           15.86    Affirmed
Atithya Inn Pvt Ltd             FB limits              IND BB           40       Affirmed
Bazpur Stone Crushers Pvt Ltd   LT Issuer Rating       WD                        Withdrawn
Bazpur Stone Crushers Pvt Ltd   Fund Based WC Limit    WD               65       Withdrawn
Bihar Raffia Industries Ltd     LT Issuer Rating       IND D                     Withdrawn
Bihar Raffia Industries Ltd     Long-TL                IND D            189.14   Withdrawn
Bihar Raffia Industries Ltd     FB limits              IND D            200      Withdrawn
Chemical & Mineral Industries   LT Issuer Rating       WD                        Withdrawn
Pvt Ltd
Chemical & Mineral Industries   Fund Based WC Limit    WD               80       Withdrawn
Pvt Ltd
Chemical & Mineral Industries   Fund Based WC Limit    WD               80       Withdrawn
Pvt Ltd
Chemical & Mineral Industries   NFB WC Limit           WD               25       Withdrawn
Pvt Ltd
Chemical & Mineral Industries   TL                     WD               208.35   Withdrawn
Pvt Ltd
Columbia Petro Chem Pvt Ltd     LT Issuer Rating       IND A-                    Affirmed
Columbia Petro Chem Pvt Ltd     Fund Based WC Limit    IND A-           300      Affirmed
Demarte Fashion Yarns           LT Issuer Rating       IND BB                    Withdrawn
Demarte Fashion Yarns           TL:                    IND BB           53.6     Withdrawn
Demarte Fashion Yarns           FB limits              IND BB /IND A4+  70       Withdrawn
Enem Nostrum Remedies Pvt Ltd   LT Issuer Rating       IND BB-                   Withdrawn
Enem Nostrum Remedies Pvt Ltd   TL                     IND BB-          273.5    Withdrawn
Enem Nostrum Remedies Pvt Ltd   FB CC limits           IND BB-          60       Withdrawn
Euro Safety Footwear (I) Pvt LtdTL                     IND BB;          31.74    Withdrawn
Euro Safety Footwear (I) Pvt LtdLT Issuer Rating       IND BB+                   Withdrawn
Euro Safety Footwear (I) Pvt LtdFB Fac                 IND BB+ / IND A4+250      Withdrawn
Gopal Sweets Pvt Ltd            LT Issuer Rating       WD                        Withdrawn
Gopal Sweets Pvt Ltd            Fund Based WC Limit    WD               50       Withdrawn
Gopal Sweets Pvt Ltd            Fund Based WC Limit    WD               50       Withdrawn
Gopal Sweets Pvt Ltd            TL                     WD               200      Withdrawn
Goyal Mg Gases Pvt. Ltd         LT Issuer Rating       WD                        Withdrawn
Goyal Mg Gases Pvt. Ltd         Fund Based WC Limit    WD               200      Withdrawn
Goyal Mg Gases Pvt. Ltd         Fund Based WC Limit    WD               200      Withdrawn
Goyal Mg Gases Pvt. Ltd         Fund/NFB WC Limit      WD               250      Withdrawn
Goyal Mg Gases Pvt. Ltd         TL                     WD               233.5    Withdrawn
Hindustan Adhesives Ltd         LT Issuer Rating       IND BBB-                  Assigned
Hindustan Adhesives Ltd         Fund Based WC Limit    IND BBB-         155      Assigned
Hindustan Adhesives Ltd         TL                     IND BBB-         45       Assigned
India Structured Asset          Series A15             IND AAA(SO)      179.9    Affirmed
Trust-Series Xii
India Structured Asset          Series A16             IND AAA(SO)      172.7    Affirmed
Trust-Series Xii
India Structured Asset          Series A17             IND AAA(SO)      165.7    Affirmed
Trust-Series Xii
India Structured Asset          Series A18             IND AAA(SO)      159      Affirmed
Trust-Series Xii
India Structured Asset          Series A19             IND AAA(SO)      152.6    Affirmed
Trust-Series Xii
India Structured Asset          Series A20             IND AAA(SO)      146.5    Affirmed
Trust-Series Xii
India Structured Asset          Series A21             IND AAA(SO)      140.5    Affirmed
Trust-Series Xii
India Structured Asset          Series A22             IND AAA(SO)      134.9    Affirmed
Trust-Series Xii
India Structured Asset          Series A23             IND AAA(SO)      129.4    Affirmed
Trust-Series Xii
India Structured Asset          Series A24             IND AAA(SO)      124.2    Affirmed
Trust-Series Xii
India Structured Asset          Series A25             IND AAA(SO)      17.3     Affirmed
Trust-Series Xii
Indostar Capital Finance Ltd    Bk Loan                IND AA-          10890    Affirmed
Indostar Capital Finance Ltd    NCD                    IND AA-          6190     Affirmed
Iqbal Agencies Pvt Ltd          LT Issuer Rating       WD                        Withdrawn
Iqbal Agencies Pvt Ltd          Fund Based WC Limit    WD               147.5    Withdrawn
Iqbal Agencies Pvt Ltd          Fund Based WC Limit    WD               147.5    Withdrawn
Jai Shankar Rice Mills          LT Issuer Rating       WD                        Withdrawn
Jai Shankar Rice Mills          Fund Based WC Limit    WD               65       Withdrawn
Jai Shankar Rice Mills          Fund Based WC Limit    WD               65       Withdrawn
Jai Shankar Rice Mills          TL                     WD               5        Withdrawn
Jogindra Castings Pvt Ltd       LT Issuer Rating       WD                        Withdrawn
Jogindra Castings Pvt Ltd       Fund Based WC Limit    WD               70       Withdrawn
Jogindra Castings Pvt Ltd       Fund Based WC Limit    WD               70       Withdrawn
Jogindra Castings Pvt Ltd       NFB WC Limit           WD               80       Withdrawn
Jr Seamless Pvt Ltd             LT Issuer Rating       WD                        Withdrawn
Jr Seamless Pvt Ltd             Fund Based WC Limit    WD               90       Withdrawn
Jr Seamless Pvt Ltd             NFB WC Limit           WD               50       Withdrawn
Jr Seamless Pvt Ltd             TL                     WD               108.58   Withdrawn
K. Palaniappa Memorial (Kpm)    Bk Loan                IND BBB-         150      Affirmed
Educational Trust
Kaamadhenu Spinners             LT Issuer Rating       IND B+                    Withdrawn
Kaamadhenu Spinners             Long-TL                IND B+           37.74    Withdrawn
Kaamadhenu Spinners             FB Fac                 IND B+ / A4      40       Withdrawn
Kruthikha Dryer                 LT Issuer Rating       IND BB-                   Withdrawn
Kruthikha Dryer                 long-TL                IND BB-          32.63    Withdrawn
Kruthikha Dryer                  FB WC limits:         IND BB-/IND A4+  6.5      Withdrawn
Magadh Iron Pvt Ltd             LT Issuer Rating       WD                        Withdrawn
Magadh Iron Pvt Ltd             Fund Based WC Limit    WD               200      Withdrawn
Megha Engineering &             LT Issuer Rating       IND A+                    Assigned
Infrastructures Ltd
Megha Engineering &             Fund Based WC Limit    IND A+           1200     Provisional
Infrastructures Ltd
Megha Engineering &             NFB WC Limit           IND A+           11820    Provisional
Infrastructures Ltd
Megha Engineering &             Fund Based WC Limit    IND A+           2250     Assigned
Infrastructures Ltd
Megha Engineering &             Fund Based WC Limit    IND A+           50       Provisional
Infrastructures Ltd
Megha Engineering &             NFB WC Limit           IND A+           68900    Assigned
Infrastructures Ltd
Megha Engineering &             NFB WC Limit           IND A+           1780     Provisional
Infrastructures Ltd
Mercury Industries Ltd          LT Issuer Rating       IND BBB-                  Assigned
Mercury Industries Ltd          FB Fac                 IND BBB-         95       Assigned
Mercury Industries Ltd          long-TL                IND BBB-         16.75    Assigned
Mm Trust Sep 15                 Series A PTC           IND AA+(SO)      788.25   Affirmed
Murano Tiles Pvt Ltd            LT Issuer Rating       IND BB-                   Withdrawn
Murano Tiles Pvt Ltd             long-TL               IND BB-          18.36    Withdrawn
Murano Tiles Pvt Ltd             FB Fac                IND BB-          40       Withdrawn
Neosa Electronics Pvt Ltd       FB limits.              IND B+          240      Withdrawn
Neosa Electronics Pvt Ltd       LT Issuer Rating       IND B+                    Withdrawn
Novo X Trust - Locomotive        Series M              IND AAA(SO)      264.45   Affirmed
Novo X Trust - Locomotive        Series N              IND AAA(SO)      236.45   Affirmed
Novo X Trust - Locomotive        Series O              IND AAA(SO)      236.45   Affirmed
Novo X Trust - Locomotive        Series P              IND AAA(SO)      236.45   Affirmed
Novo X Trust - Locomotive        Series Q              IND AAA(SO)      236.45   Affirmed
Novo X Trust - Locomotive        Series R              IND AAA(SO)      236.45   Affirmed
Novo X Trust - Locomotive        Series S              IND AAA(SO)      236.45   Affirmed
Novo X Trust - Locomotive        Series T              IND AAA(SO)      236.45   Affirmed
Novo X Trust - Locomotive        Series U              IND AAA(SO)      236.45   Affirmed
Novo X Trust - Locomotive        Series V              IND AAA(SO)      236.45   Affirmed
Novo X Trust - Locomotive        Series W              IND AAA(SO)      161.1    Affirmed
Pacific Development Corporation LT Issuer Rating       WD                        Withdrawn
Ltd
Pacific Development Corporation NFB WC Limit           WD               180      Withdrawn
Ltd
Pacific Development Corporation NFB WC Limit           WD               180      Withdrawn
Ltd
Pacific Development Corporation TL                     WD               3782.9   Withdrawn
Ltd
Premier Cotspin Ltd             LT Issuer Rating       IND BB                    Withdrawn
Premier Cotspin Ltd             FBL                    IND BB           45       Withdrawn
Premier Cotspin Ltd             TL                     IND BB           76.18    Withdrawn
Puri Oil Mills Ltd              LT Issuer Rating       IND BBB+                  Withdrawn
Puri Oil Mills Ltd              FB WC limits:          IND BBB+         65       Withdrawn
Puri Oil Mills Ltd               TL                    IND BBB+         215      Withdrawn
Radhe Sham Ravi Prakash Timbers LT Issuer Rating       WD                        Withdrawn
Pvt Ltd
Radhe Sham Ravi Prakash Timbers NFB WC Limit           WD               360      Withdrawn
Pvt Ltd
Raichur Power Corporation Ltd   Bk Loan                IND BB+          17120    Downgraded
                                                                                 from IND BBB-
Rajkamal Builders Pvt Ltd       LT Issuer Rating       WD                        Withdrawn
Rajkamal Builders Pvt Ltd       Fund Based WC Limit    WD               120      Withdrawn
Rajkamal Builders Pvt Ltd       Fund Based WC Limit    WD               100      Withdrawn
Rajkamal Builders Pvt Ltd       NFB WC Limit           WD               100      Withdrawn
Rajkamal Builders Pvt Ltd       NFB WC Limit           WD               200      Withdrawn
Ratan Mica Exports Pvt Ltd      LT Issuer Rating       IND B+                    Withdrawn
Ratan Mica Exports Pvt Ltd      FB limits              IND B+           75.6     Withdrawn
Rathinam Arumugam Research And  Bk Loan                IND BBB-         163      Upgraded from
Educational (Rare) Foundation                                                    IND BB
Rathinam Arumugam Research And  Fund Based WC Limit    IND BBB-         20       Upgraded from
Educational (Rare) Foundation                                                    IND BB
Rathnavel Subramaniam (Rvs)     Bk loan                IND              1562     Withdrawn
Educational Trust                                      BB+(suspended)
Rathnavel Subramaniam (Rvs)     FB-WC loans            IND              70       Withdrawn
Educational Trust                                      BB+(suspended)
Rbm Industries                   LT Issuer Rating      IND BB-                   Withdrawn
Rbm Industries                  long-TL                IND BB-          70.8     Withdrawn
Rbm Industries                  FB WC Fac:             IND BB- / IND A4+50       Withdrawn
S. M. Autoparts Pvt Ltd         LT Issuer Rating       WD                        Withdrawn
S. M. Autoparts Pvt Ltd         Fund Based WC Limit    WD               50       Withdrawn
S. M. Autoparts Pvt Ltd         Fund Based WC Limit    WD               20       Withdrawn
S. M. Autoparts Pvt Ltd         Fund Based WC Limit    WD               27.5     Withdrawn
Scott Edil Advance Research     LT Issuer Rating       WD                        Withdrawn
Laboratories & Education Ltd
Scott Edil Advance Research     Fund Based WC Limit    WD               140      Withdrawn
Laboratories & Education Ltd
Scott Edil Advance Research     Fund Based WC Limit    WD               140      Withdrawn
Laboratories & Education Ltd
Scott Edil Advance Research     NFB WC Limit           WD               42       Withdrawn
Laboratories & Education Ltd
Scott Edil Advance Research     NFB WC Limit           WD               42       Withdrawn
Laboratories & Education Ltd
Scott Edil Advance Research     TL                     WD               254.1    Withdrawn
Laboratories & Education Ltd
Scott Edil Pharmacia Ltd        LT Issuer Rating       WD                        Withdrawn
Scott Edil Pharmacia Ltd        Fund Based WC Limit    WD               500      Withdrawn
Scott Edil Pharmacia Ltd        Fund Based WC Limit    WD               500      Withdrawn
Scott Edil Pharmacia Ltd        NFB WC Limit           WD               250      Withdrawn
Scott Edil Pharmacia Ltd        NFB WC Limit           WD               250      Withdrawn
Scott Edil Pharmacia Ltd        TL                     WD               9.7      Withdrawn
Shanti Sugar Industries         LT Issuer Rating       IND B                     Withdrawn
Shanti Sugar Industries         FB WC limits.          IND B / IND A4   65       Withdrawn
Sood Agro Mills                 LT Issuer Rating       WD                        Withdrawn
Sood Agro Mills                 Fund Based WC Limit    WD               70       Withdrawn
Sood Agro Mills                 Fund Based WC Limit    WD               70       Withdrawn
Srijan Publishers Pvt Ltd       LT Issuer Rating       WD                        Withdrawn
Srijan Publishers Pvt Ltd       Fund Based WC Limit    WD               40       Withdrawn
Srijan Publishers Pvt Ltd       Fund Based WC Limit    WD               40       Withdrawn
Srijan Publishers Pvt Ltd       Fund Based WC Limit    WD               40       Withdrawn
Srijan Publishers Pvt Ltd       Fund Based WC Limit    WD               40       Withdrawn
Suchitra Education Trust        Bk loans               IND B+           31.02    Withdrawn
Suchitra Education Trust        FB-WC Fac              IND B+           15       Withdrawn
Swarnshikha Jewellers           LT Issuer Rating       WD                        Withdrawn
Swarnshikha Jewellers           Fund Based WC Limit    WD               150      Withdrawn
Swarnshikha Jewellers           Fund Based WC Limit    WD               150      Withdrawn
Ujaas Energy Ltd                LT Issuer Rating       IND BBB-                  Affirmed
Ujaas Energy Ltd                Fund Based WC Limit    IND BBB-         95       Affirmed
Ujaas Energy Ltd                TL                     IND BBB-         939      Affirmed
Universal Steel                 LT Issuer Rating       WD                        Withdrawn
Universal Steel                 Fund Based WC Limit    WD               50       Withdrawn
Universal Steel                 Fund Based WC Limit    WD               50       Withdrawn
Vangal Amman Health Services LtdLT Issuer Rating       WD                        Withdrawn
Vangal Amman Health Services LtdTL                     WD               377      Withdrawn
Vijayawada Hospitalities Pvt.   LT Issuer Rating       IND BB                    Withdrawn
Ltd
Vijayawada Hospitalities Pvt.   FB limit               IND BB           10       Withdrawn
Ltd
Vijayawada Hospitalities Pvt.   TL                     IND BB           99.1     Withdrawn
Ltd
Yes Bank Ltd                    Tier-1 Basel III Bonds IND AA           36000    Assigned
Yes Bank Ltd                    LT Issuer Rating       IND AA+                   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)

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