December 26, 2016 / 8:04 AM / 8 months ago

India Ratings for Indian debt instruments - Dec 26

Dec 26 (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 23, 2016.

COMPANY                         INSTRUMENT             RATING           AMOUNT   MOVEMENT
                                                                        (RS.MLN)
------                          ----------             ------           ------   ---------
SHORT TERM RATINGS:
-------------------
Agrawal Structure Mills Pvt Ltd NFB WC Limit           IND A4+          30       Affirmed
Greaves Cotton Ltd              NFB WC Limit           IND A1+          930      Affirmed
Inrhythm Energy Ltd             NFB WC Limit           IND A4           240      Affirmed
S.K. Translines Pvt. Ltd        Fund Based WC Limit    IND A4+          70       Assigned
S.K. Translines Pvt. Ltd        NFB WC Limit           IND A4+          45       Assigned
Sudarshan Chemical Industries   NFB WC Limit           IND A1           1013     Affirmed
Ltd
Sudarshan Chemical Industries   NFB WC Limit           IND A1           378      Assigned
Ltd

LONG TERM RATINGS:
-------------------
Bhalara Cotton Pvt Ltd          LT Issuer Rating       WD               -        Withdrawn
Bhalara Cotton Pvt Ltd          Fund Based WC Limit    WD               170      Withdrawn
Bhalara Cotton Pvt Ltd          Fund Based WC Limit    WD               170      Withdrawn
Bhalara Cotton Pvt Ltd          Fund Based WC Limit    WD               80       Withdrawn
Bhalara Cotton Pvt Ltd          Fund Based WC Limit    WD               80       Withdrawn
Greenline Ecofab Pvt. Ltd       LT Issuer Rating       WD               -        Withdrawn
Greenline Ecofab Pvt. Ltd       Fund Based WC Limit    WD               25       Withdrawn
Greenline Ecofab Pvt. Ltd       Fund Based WC Limit    WD               25       Withdrawn
Greenline Ecofab Pvt. Ltd       TL                     WD               63       Withdrawn
Active Clothing Co. Pvt Ltd     LT Issuer Rating       WD                        Withdrawn
Active Clothing Co. Pvt Ltd     Fund Based WC Limit    WD               250      Withdrawn
Active Clothing Co. Pvt Ltd     Fund Based WC Limit    WD               250      Withdrawn
Active Clothing Co. Pvt Ltd     NFB WC Limit           WD               98.6     Withdrawn
Active Clothing Co. Pvt Ltd     TL                     WD               84.47    Withdrawn
Agarwalla Teak International    LT Issuer Rating       WD                        Withdrawn
Pvt Ltd
Agarwalla Teak International    Fund Based WC Limit    WD               40       Withdrawn
Pvt Ltd
Agarwalla Teak International    Fund Based WC Limit    WD               40       Withdrawn
Pvt Ltd
Agarwalla Teak International    NFB WC Limit           WD               420      Withdrawn
Pvt Ltd
Agrawal Structure Mills Pvt Ltd LT Issuer Rating       IND BB+          -        Affirmed
Agrawal Structure Mills Pvt Ltd Fund Based WC Limit    IND BB+          170      Affirmed
Aig Infratech (I) Pvt Ltd       TL                     WD               280      Withdrawn
Al-Sameer Exports Pvt Ltd       LT Issuer Rating       IND BB                    Withdrawn
Al-Sameer Exports Pvt Ltd       Fund Based WC Limit    WD               80       Withdrawn
Al-Sameer Exports Pvt Ltd       Fund Based WC Limit    WD               80       Withdrawn
Al-Sameer Exports Pvt Ltd       TL                     WD               100      Withdrawn
Anand Polypack Pvt Ltd          LT Issuer Rating       WD                        Withdrawn
Anand Polypack Pvt Ltd          Fund Based WC Limit    WD               70       Withdrawn
Anand Polypack Pvt Ltd          Fund/NFB WC Limit      WD               2.2      Withdrawn
Aquatech Solutions Pvt Ltd      LT Issuer Rating       WD               -        Withdrawn
Aquatech Solutions Pvt Ltd      Fund Based WC Limit    WD               120      Withdrawn
Aquatech Solutions Pvt Ltd      Fund Based WC Limit    WD               180      Withdrawn
Aquatech Solutions Pvt Ltd      NFB WC Limit           WD               80       Withdrawn
Ashish Kumar Jindal             LT Issuer Rating       WD                        Withdrawn
Ashish Kumar Jindal             Fund Based WC Limit    WD               28       Withdrawn
Ashish Kumar Jindal             Fund Based WC Limit    WD               28       Withdrawn
Ashish Kumar Jindal             NFB WC Limit           WD               25       Withdrawn
B A Alloys Pvt Ltd              LT Issuer Rating       WD                        Withdrawn
B A Alloys Pvt Ltd              Fund Based WC Limit    WD               80       Withdrawn
B A Alloys Pvt Ltd              Fund Based WC Limit    WD               80       Withdrawn
B A Alloys Pvt Ltd              Fund Based WC Limit    WD               70       Withdrawn
B A Alloys Pvt Ltd              Fund Based WC Limit    WD               70       Withdrawn
B A Alloys Pvt Ltd              TL                     WD               50       Withdrawn
Balaji Iron And Steel           LT Issuer Rating       WD               -        Withdrawn
Industries Pvt Ltd
Balaji Iron And Steel           Fund Based WC Limit    WD               30       Withdrawn
Industries Pvt Ltd
Balaji Iron And Steel           Fund Based WC Limit    WD               30       Withdrawn
Industries Pvt Ltd
Balaji Iron And Steel           TL                     WD               250      Withdrawn
Industries Pvt Ltd
Bhartiya Loha Udyog Pvt Ltd     LT Issuer Rating       WD                        Withdrawn
Bhartiya Loha Udyog Pvt Ltd     Fund Based WC Limit    WD               60       Withdrawn
Bhartiya Loha Udyog Pvt Ltd     Fund Based WC Limit    WD               60       Withdrawn
Classic Bottle Caps Pvt Ltd     LT Issuer Rating       WD                        Withdrawn
Classic Bottle Caps Pvt Ltd     Fund Based WC Limit    WD               52.5     Withdrawn
Classic Bottle Caps Pvt Ltd     Fund Based WC Limit    WD               52.5     Withdrawn
Classic Bottle Caps Pvt Ltd     Fund Based WC Limit    WD               210      Withdrawn
Classic Bottle Caps Pvt Ltd     Fund Based WC Limit    WD               210      Withdrawn
Classic Bottle Caps Pvt Ltd     TL                     WD               27.5     Withdrawn
Dex Agro Sweeteners Pvt Ltd     Fund Based WC Limit    WD               10.1     Withdrawn
Dex Agro Sweeteners Pvt Ltd     Fund Based WC Limit    WD               10.1     Withdrawn
Dex Agro Sweeteners Pvt Ltd     TL                     WD               46.3     Withdrawn
Ganga Rasayanie Pvt Ltd         LT Issuer Rating       WD                        Withdrawn
Ganga Rasayanie Pvt Ltd         Bk Loan                WD               400      Withdrawn
Ganga Rasayanie Pvt Ltd         Bk Loan                WD               250      Withdrawn
Ganga Rasayanie Pvt Ltd         Bk Loan                WD               250      Withdrawn
Gian Chand Mohinder Kumar       LT Issuer Rating       WD                        Withdrawn
Gian Chand Mohinder Kumar       Fund Based WC Limit    WD               75       Withdrawn
Gian Chand Mohinder Kumar       Fund Based WC Limit    WD               75       Withdrawn
Greaves Cotton Ltd              LT Issuer Rating       IND AA           -        Affirmed
Greaves Cotton Ltd              Fund Based WC Limit    IND AA           480      Affirmed
Greaves Cotton Ltd              CP                     WD               500      Withdrawn
Green Infra Wind Energy Ltd'S   LOC                    IND A+           2500     Withdrawn
Green Infra Wind Energy Ltd'S   TL                     IND A+           8130     Withdrawn
Green Infra Wind Energy Ltd'S   Fund/NFB WC Limit      WD               750      Withdrawn
Idana Pet Industries Pvt Ltd    LT Issuer Rating       WD                        Withdrawn
Idana Pet Industries Pvt Ltd    Fund Based WC Limit    WD               10.8     Withdrawn
Idana Pet Industries Pvt Ltd    TL                     WD               70.31    Withdrawn
India Infrastructure Finance    LT Issuer Rating       IND AAA                   Affirmed
Co. Ltd
India Infrastructure Finance    Bond                   IND AAA          154000   Affirmed
Co. Ltd
India Infrastructure Finance    Bond                   IND AAA(SO)      4000     Affirmed
Co. Ltd
India Infrastructure Finance    Bond                   IND AAA(SO)      2000     Affirmed
Co. Ltd
India Infrastructure Finance    NCD                    WD               100000   Withdrawn
Co. Ltd
Indian Farmers Fertiliser       LT Issuer Rating       WD               -        Withdrawn
Cooperative Ltd
Indian Farmers Fertiliser       Fund/NFB WC Limit      WD               220030   Withdrawn
Cooperative Ltd
Indian Farmers Fertiliser       Fund/NFB WC Limit      WD               220030   Withdrawn
Cooperative Ltd
Indian Farmers Fertiliser       CP                     WD               1000     Withdrawn
Cooperative Ltd
Inrhythm Energy Ltd             LT Issuer Rating       IND B+                    Affirmed
Jaisingh Wires Pvt Ltd          LT Issuer Rating       WD               -        Withdrawn
Jaisingh Wires Pvt Ltd          Fund Based WC Limit    WD               100      Withdrawn
Jaisingh Wires Pvt Ltd          Fund Based WC Limit    WD               100      Withdrawn
Jaisingh Wires Pvt Ltd          Fund/NFB WC Limit      WD               590      Withdrawn
Jasch Plastics India Ltd        LT Issuer Rating       WD                        Withdrawn
Jasch Plastics India Ltd        Fund Based WC Limit    WD               117.5    Withdrawn
Jasch Plastics India Ltd        Fund Based WC Limit    WD               117.5    Withdrawn
Jasch Plastics India Ltd        NFB WC Limit           WD               72.5     Withdrawn
Jasch Plastics India Ltd        TL                     WD               25.95    Withdrawn
Jayarathana Exports             LT Issuer Rating       WD               -        Withdrawn
Jayarathana Exports             Fund Based WC Limit    WD               26.5     Withdrawn
Jayarathana Exports             Fund Based WC Limit    WD               53.5     Withdrawn
Jayarathana Exports             TL                     WD               1.6      Withdrawn
K.L Rathi Steels Ltd            LT Issuer Rating       WD                        Withdrawn
K.L Rathi Steels Ltd            Fund Based WC Limit    WD               400      Withdrawn
K.L Rathi Steels Ltd            Fund Based WC Limit    WD               400      Withdrawn
K.L Rathi Steels Ltd            NFB WC Limit           WD               15       Withdrawn
Kings Impex Pvt. Ltd.           LT Issuer Rating       WD                        Withdrawn
Kings Impex Pvt. Ltd.           Fund Based WC Limit    WD               100      Withdrawn
Kiran Agencies                  LT Issuer Rating       WD                        Withdrawn
Kiran Agencies                  Fund Based WC Limit    WD               150      Withdrawn
Kiran Agencies                  NFB WC Limit           WD               50       Withdrawn
Kiran Agencies                  LT Issuer Rating       WD                        Withdrawn
Kiran Agencies                  Fund Based WC Limit    WD               150      Withdrawn
Kiran Agencies                  NFB WC Limit           WD               50       Withdrawn
Ks Steel & Alloys Pvt Ltd       LT Issuer Rating       WD                        Withdrawn
Ks Steel & Alloys Pvt Ltd       Fund Based WC Limit    WD               110      Withdrawn
Ksc Engineers Pvt Ltd           LT Issuer Rating       WD               -        Withdrawn
Ksc Engineers Pvt Ltd           Fund Based WC Limit    WD               69       Withdrawn
Ksc Engineers Pvt Ltd           Fund Based WC Limit    WD               69       Withdrawn
Lichchhwi Food India Pvt. Ltd.  LT Issuer Rating       WD                        Withdrawn
Lichchhwi Food India Pvt. Ltd.  Fund Based WC Limit    WD               68.2     Withdrawn
Lichchhwi Food India Pvt. Ltd.  TL                     WD               41.8     Withdrawn
Lichchhwi Food India Pvt. Ltd.  Fund Based WC Limit    WD               60       Withdrawn
Lichchhwi Food India Pvt. Ltd.  TL                     WD               25       Withdrawn
M/S Padmavati Pulp & Paper MillsLT Issuer Rating       WD                        Withdrawn
M/S Padmavati Pulp & Paper MillsFund Based WC Limit    WD               120      Withdrawn
M/S Padmavati Pulp & Paper MillsFund Based WC Limit    WD               120      Withdrawn
M/S Padmavati Pulp & Paper MillsNFB WC Limit           WD               15       Withdrawn
M/S Padmavati Pulp & Paper MillsTL                     WD               187.669  Withdrawn
M/S Royal Agro Foods Industries LT Issuer Rating       WD               -        Withdrawn
M/S Royal Agro Foods Industries Fund Based WC Limit    WD               100      Withdrawn
M/S Royal Agro Foods Industries Fund Based WC Limit    WD               100      Withdrawn
M/S Vinayak Corporation         LT Issuer Rating       WD                        Withdrawn
M/S Vinayak Corporation         Fund Based WC Limit    WD               70       Withdrawn
M/S Vinayak Corporation         Fund Based WC Limit    WD               70       Withdrawn
Mm Trust                        Series A PTC           IND AA+(SO)      1208.7   Affirmed
Nainital Motors Pvt Ltd         LT Issuer Rating       WD                        Withdrawn
Nainital Motors Pvt Ltd         Fund Based WC Limit    WD               140      Withdrawn
Nainital Motors Pvt Ltd         Fund Based WC Limit    WD               140      Withdrawn
Nainital Motors Pvt Ltd         TL                     WD               20       Withdrawn
Narayana Learning Pvt Ltd       Bk Loan                IND A-           458.09   Affirmed
Narayana Learning Pvt Ltd       Bk Loan                IND A-           250      Affirmed
Nif Pvt Ltd                     LT Issuer Rating       WD               -        Withdrawn
Nif Pvt Ltd                     Fund Based WC Limit    WD               180      Withdrawn
Nif Pvt Ltd                     Fund Based WC Limit    WD               180      Withdrawn
Nif Pvt Ltd                     NFB WC Limit           WD               4        Withdrawn
Nif Pvt Ltd                     NFB WC Limit           WD               4        Withdrawn
Nif Pvt Ltd                     TL                     WD               200      Withdrawn
Raipur Development Authority    Bk Loan                IND BBB+         787.5    Assigned
Raipur Development Authority    Bk Loan                IND BBB+         880      Assigned
Raipur Development Authority    Bk Loan                IND BBB+         3814     Assigned
Resource World Exim Pvt Ltd     LT Issuer Rating       WD                        Withdrawn
Resource World Exim Pvt Ltd     Fund Based WC Limit    WD               75       Withdrawn
Resource World Exim Pvt Ltd     Fund Based WC Limit    WD               75       Withdrawn
Resource World Exim Pvt Ltd     TL                     WD               15.9     Withdrawn
S.K. Translines Pvt. Ltd        LT Issuer Rating       IND BB-          -        Assigned
S.K. Translines Pvt. Ltd        Fund Based WC Limit    IND BB-          70       Assigned
Sheen India Pvt Ltd             LT Issuer Rating       WD                        Withdrawn
Sheen India Pvt Ltd             Fund Based WC Limit    WD               230      Withdrawn
Sheen India Pvt Ltd             Fund Based WC Limit    WD               230      Withdrawn
Sheen India Pvt Ltd             TL                     WD               70       Withdrawn
Sheen India Pvt Ltd             WC Demand Loan         WD               70       Withdrawn
Shree Balaji Jewellers          LT Issuer Rating       WD                        Withdrawn
Shree Balaji Jewellers          Fund Based WC Limit    WD               150      Withdrawn
Shree Balaji Jewellers          Fund Based WC Limit    WD               150      Withdrawn
Shree Ganesh Edibles Pvt Ltd    LT Issuer Rating       WD               -        Withdrawn
Shree Ganesh Edibles Pvt Ltd    Fund Based WC Limit    WD               120      Withdrawn
Shree Ganesh Edibles Pvt Ltd    Fund Based WC Limit    WD               120      Withdrawn
Shree Ganesh Edibles Pvt Ltd    TL                     WD               50       Withdrawn
Siddhivinayak Polytex Pvt Ltd   LT Issuer Rating       WD                        Withdrawn
Siddhivinayak Polytex Pvt Ltd   Fund Based WC Limit    WD               50       Withdrawn
Siddhivinayak Polytex Pvt Ltd   Fund Based WC Limit    WD               50       Withdrawn
Siddhivinayak Polytex Pvt Ltd   TL                     WD               50       Withdrawn
Sudarshan Chemical Industries   LT Issuer Rating       IND A+           -        upgraded to
Ltd                                                                              IND A+ from
                                                                                 IND A
Sudarshan Chemical Industries   Fund Based WC Limit    IND A+           1860     upgraded to
Ltd                                                                              IND A+ from
                                                                                 IND A
Sudarshan Chemical Industries   TL                     IND A+           1893.6   upgraded to
Ltd                                                                              IND A+ from
                                                                                 IND A
Sudarshan Chemical Industries   Term Deposit           IND tA+          534      Affirmed
Ltd
Sudarshan Chemical Industries   External Commercial    WD               0        Withdrawn
Ltd                             Borrowing
Sudarshan Chemical Industries   TL                     WD               750      Withdrawn
Ltd
Swadhyaya Printers Pvt Ltd      LT Issuer Rating       WD                        Withdrawn
Swadhyaya Printers Pvt Ltd      Fund Based WC Limit    WD               30       Withdrawn
Swadhyaya Printers Pvt Ltd      Fund Based WC Limit    WD               30       Withdrawn
Swadhyaya Printers Pvt Ltd      TL                     WD               43       Withdrawn
Swadhyaya Printers Pvt Ltd      TL                     WD               47       Withdrawn
The Palani Andavar Mills Ltd    LT Issuer              WD                        Withdrawn
                                Rating

The Palani Andavar Mills Ltd    Fund Based WC Limit    WD               170      Withdrawn
The Palani Andavar Mills Ltd    Fund Based WC Limit    WD               170      Withdrawn
The Palani Andavar Mills Ltd    Fund Based WC Limit    WD               80       Withdrawn
The Palani Andavar Mills Ltd    Fund Based WC Limit    WD               80       Withdrawn
Thomas & Company Pvt Ltd        LT Issuer Rating       WD                        Withdrawn
Thomas & Company Pvt Ltd        Fund Based WC Limit    WD               15       Withdrawn
Thomas & Company Pvt Ltd        Fund Based WC Limit    WD               15       Withdrawn
Thomas & Company Pvt Ltd        NFB WC Limit           WD               50       Withdrawn
Tulsyan Coal Syndicate          LT Issuer Rating       WD                        Withdrawn
Tulsyan Coal Syndicate          Fund Based WC Limit    WD               70       Withdrawn
Tulsyan Coal Syndicate          Fund Based WC Limit    WD               70       Withdrawn
Tulsyan Coal Syndicate          NFB WC Limit           WD               1.6      Withdrawn
Uttarakhand Jal Vidyut Nigam LtdLT Issuer Rating       IND A-                    Affirmed
Uttarakhand Jal Vidyut Nigam LtdDebenture              IND A-           20000    Affirmed

-----------------------------------------------------------------------------------------------
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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