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India Ratings for Indian debt instruments - Jan 9
January 9, 2017 / 5:55 AM / 8 months ago

India Ratings for Indian debt instruments - Jan 9

Jan 9 (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
January 6, 2017.

COMPANY                         INSTRUMENT                  RATING       AMOUNT   MOVEMENT
                                                                         (RS.MLN)
------                          ----------                  ------       ------   ---------
SHORT TERM RATINGS:
-------------------
Capacite Infraprojects Ltd      ST                     IND A2+          8000**   Affirmed
**including proposed fund-based facilities of INR560 million, proposed INR100 million sales
invoice/bill discounting facilities and proposed non-fund-based facilities of INR2,790 million.
Eastman Spinning Mills (P) Ltd  FB WC                  IND A2           6200     Affirmed
Eastman Spinning Mills (P) Ltd  Non-FB WC              IND A2           3678     Affirmed
Gurusharanam Foods              FB WC                  IND A4           62.5     Assigned
Gurusharanam Foods              Non-FB WC              IND A4           0.14     Assigned
India Dyeing Mills Pvt. Ltd.    FB WC                  IND A1           500      Affirmed
India Dyeing Mills Pvt. Ltd.    Non-FB WC              IND A1           919      Affirmed
(increased from INR70 CR)
Landmark Royal Engineering (I)  Non-FB limits          IND A4+          32.5     Assigned
Pvt Ltd
Quality Tea Plantations Pvt Ltd Non-FB WC limit        IND A4+          7.5      Affirmed
R. K. Das Jewellers             FB limits              IND A4           70       Assigned
R. K. Vision                    FB limits              IND A4           130      Assigned
Shiv Shakti Thermo Pvt Ltd      FB WC limits           IND A4+          10       Assigned
Sree Krishna Automotives        FBL                    IND A4+          850      Assigned
Hyderabad Pvt Ltd
Top In Town                     FB limits              IND A4           50       Assigned

LONG TERM RATINGS:
-------------------
Capacite Infraprojects Ltd      LT*                    IND A-           2673*    Affirmed
*including proposed term loans of INR450 million, proposed fund-based facilities of INR560
million and proposed.
Cv Ifmr Capital 2016            Series A1 pass-through IND A-(SO)       382.7    Assigned
                                certificates (PTCs)
Cv Ifmr Capital 2016            Series A2 PTCs         IND BB(SO)       41       Assigned
Eastman Spinning Mills (P) Ltd  TL                     IND BBB          1060     Affirmed
*Details of term loans are given in Annexure 1
Eastman Spinning Mills (P) Ltd  FB WC                  IND BBB          6200     Affirmed
Gurusharanam Foods              FB WC                  IND B+           62.5     Assigned
India Dyeing Mills Pvt. Ltd.    TL                     IND A            2598     Affirmed
(increased from INR221 CR)
India Dyeing Mills Pvt. Ltd.    FB WC                  IND A            500      Affirmed
Innovare Labs Pvt Ltd           TL                     IND BB           500      Withdrawn
Landmark Royal Engineering (I)  FB limits              IND BB           2.5      Assigned
Pvt Ltd
Quality Tea Plantations Pvt Ltd FB limit               IND BB-          105.4    Affirmed
Quality Tea Plantations Pvt Ltd TL                     IND BB-          26.4     Affirmed
R. K. Das Jewellers             TL                     IND B+           2        Assigned
R. K. Das Jewellers             FB limits              IND B+           70       Assigned
R. K. Vision                    FB limits              IND B+           130      Assigned
Shiv Shakti Thermo Pvt Ltd      TL                     IND BB           59       Assigned
Shiv Shakti Thermo Pvt Ltd      FB WC limits           IND BB           10       Assigned
Sree Krishna Automotives        FBL                    IND BB-          850      Assigned
Hyderabad Pvt Ltd
Top In Town                     FB limits              IND B+           50       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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