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ICRA ratings for Indian debt instruments-Feb 13
February 13, 2017 / 10:54 AM / 8 months ago

ICRA ratings for Indian debt instruments-Feb 13

    Feb 13 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of February 10, 2017.


COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
J.J. Automotive Ltd                     Non-FBL - Letter of   ICRA A4     4       Reaffirmed
                                        Guarantee#
# Sub-limit of Cash Credit
Jabs International Pvt Ltd              Non-FBL               ICRA A2     20      Reaffirmed
Komal Foods Pvt Ltd                     Non-FBL               ICRA A1     20      Reaffirmed
M-Bo Granito Llp.                       NFBL                  ICRA A4     39.5    Outstanding
Opgs Power Gujarat Pvt Ltd              Non-FBL – LC / BG     ICRA A3     4300    Reaffirmed
Prabhudas Lilladher Financial           ST fund based Bk linesICRA A2+    500     Upgraded
Services Pvt Ltd                                                                  from
                                                                                  ICRA A2
Reliance Chemotex Industries            FB-Stand-by Line of   ICRA A3     30      Reaffirmed
Ltd                                     Credit Facility
Reliance Chemotex Industries            Non-FBL               ICRA A3             Reaffirmed
Ltd
Shalimar Hatcheries Ltd                 ST: Non-fund based :  ICRA A2+    20      Reaffirmed
                                        BG
Shalimar Hatcheries Ltd                 ST: Non-fund based :  ICRA A2+            Reaffirmed
                                        LOC/TCBG (Capex)
Shalimar Nutrients Pvt Ltd              ST: Non-fund based :  ICRA A2+    20      Reaffirmed
                                        BG
Shalimar Nutrients Pvt Ltd              ST: Non-fund based :  ICRA A2+            Reaffirmed
                                        LOC
Shalimar Pellet Feeds Ltd               ST: Non-fund based :  ICRA A2+    30      Reaffirmed
                                        LOC
Shalimar Pellet Feeds Ltd               ST: Non-fund based :  ICRA A2+    21      Reaffirmed
                                        BG
Shalimar Pellet Feeds Ltd               ST: Non-fund based :  ICRA A2+    1.5     Reaffirmed
                                        Derivatives/FC/CEL
Shree Shakti Construction               Non-FBL               ICRA A4     70      Reaffirmed
Span Pumps Pvt Ltd                      "Off Grid and         ‘SP 2A’             Assigned
                                        Decentralized Solar
                                        Applications


LONG TERM RATINGS:
-------------------
Electronica Finance Ltd - Mse           PTCs                  ICRA A(SO)  328.5   Final Rating
Loan Pool Trust X
Electronica Finance Ltd -Mse            PTCs                  ICRA A(SO)  108.5   Final Rating
Loan Pool Trust Xi
J.J. Automotive Ltd                     FB limit - TL         ICRA B+     132.5   Downgraded
                                                                                  from
                                                                                  ICRA BB-
J.J. Automotive Ltd                     FB limit - CC         ICRA B+     250     Downgraded
                                                                                  from
                                                                                  ICRA BB-
J.J. Automotive Ltd                     FB limits - Untied    ICRA B+     5       Downgraded
                                        Limits                                    from
                                                                                  ICRA BB-
Jabs International Pvt Ltd              Unallocated Limits    ICRA BBB+   72.5    Reaffirmed
Jabs International Pvt Ltd              FB Working Capital FacICRA BBB+   730     Reaffirmed
                                                              /ICRA A2
Komal Foods Pvt Ltd                     FB limits             ICRA A+     200     Upgraded
                                                                                  from ICRA A
M-Bo Granito Llp.                       FBL                   ICRA B      420.5   Assigned /
                                                                                  Outstanding
My Car Nexa Pvt Ltd                     FB Limits             ICRA B      224.8   Assigned /
                                                                                  Outstanding
Opgs Power Gujarat Pvt Ltd              TL                    ICRA BBB-   14974   Reaffirmed
Opgs Power Gujarat Pvt Ltd              FBL – CC              ICRA BBB-   1350    Reaffirmed
Reliance Chemotex Industries            FB-TL Facility        ICRA BBB-   524.8   Reaffirmed
Ltd
Reliance Chemotex Industries            FB-CC Facility        ICRA BBB-   330     Reaffirmed
Ltd
Rmv Resort And Hotels Pvt Ltd           TL                    ICRA BBB-   200     Upgraded
                                                                                  from
                                                                                  ICRA BB+
Sevoke Motors Pvt Ltd                   FBL                   ICRA BB     175     Reaffirmed
Shalimar Hatcheries Ltd                 LT: Fund based : TL   ICRA A-     300     Reaffirmed
Shalimar Hatcheries Ltd                 LT: Fund based : CC   ICRA A-     200     Reaffirmed
Shalimar Nutrients Pvt Ltd              LT: Fund based : TL   ICRA A-     157.9   Reaffirmed
Shalimar Nutrients Pvt Ltd              LT: Fund based : CC   ICRA A-     300     Reaffirmed
Shalimar Nutrients Pvt Ltd              LT: Fund based :      ICRA A-             Reaffirmed
                                        PC/BD/FBD
Shalimar Nutrients Pvt Ltd              LT: Unallocated       ICRA A-     152.1   Reaffirmed
Shalimar Pellet Feeds Ltd               LT: FB : TL           ICRA A-     824.9   Reaffirmed
Shalimar Pellet Feeds Ltd               LT: FB : CC           ICRA A-     420     Reaffirmed
Shalimar Pellet Feeds Ltd               LT: Unallocated       ICRA A-     42.6    Reaffirmed
Shree Shakti Construction               FBL                   ICRA BB-    40      Reaffirmed
Sona Vets Pvt Ltd                       LT: Fund based : TL   ICRA A-     5.2     Reaffirmed
Sona Vets Pvt Ltd                       LT: Fund based :      ICRA A-     10      Reaffirmed
                                        Working capital TL
Sona Vets Pvt Ltd                       LT: Fund based : CC   ICRA A-     250     Reaffirmed
Sona Vets Pvt Ltd                       LT: Fund based :      ICRA A-     25      Reaffirmed
                                        Working capital
                                        demand loan
Sona Vets Pvt Ltd                       LT: Fund based :      ICRA A-     9.8     Reaffirmed
                                        Unallocated
Syngene International Ltd               External Commercial   ICRA AA     4455    Assigned
                                        Borrowings
Syngene International Ltd               FB Fac –              ICRA AA /   645     Reaffirmed
                                        Interchangeable       ICRA A1+
Vbhc Chennai Value Homes Pvt            FBL                   ICRA BBB    230     Withdrawn
Ltd
Vbhc Delhi Value Homes Pvt Ltd          TL                    ICRA BBB    180     Withdrawn
Vbhc Delhi Value Homes Pvt Ltd          Fund based working    ICRA BBB    50      Withdrawn
                                        capital
--------------------------------------------------------------------------------------------
$: 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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