February 20, 2017 / 10:21 AM / 5 months ago

ICRA ratings for Indian debt instruments-Feb 20

9 Min Read

    Feb 20 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of February 17, 2017.


COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Asian Granito India Ltd                 ST NFBL               ICRA A1      608.4   outstanding
Asian Granito India Ltd                 CP Programme          ICRA A1+(SO) 400     Assigned
Décor Paper Mills Ltd                   Non-FBL               ICRA A4      1.3     Reaffirmed
Future Financial Servicess Pvt          CP Programme/ ST Debt ICRA A2+     200     Withdrawn
Ltd                                     Programme
Hariomkar Food Products Pvt Ltd         Non-FBL               ICRA A3+     30      Reaffirmed
International Cargo Terminals           NFBL                  ICRA A3+     650     Outstanding
& Infrastructure Pvt Ltd
Kaira Can Co. Ltd                       ST, FB Fac            ICRA A3+     20      Withdrawn
Kaira Can Co. Ltd                       ST, non FB Fac        ICRA A3+     145     Withdrawn
Lantech Pharmaceuticals Ltd             NFBL                  ICRA A4      62.5    Reaffirmed
Maples Great Day Foods Pvt Ltd          Non-FBL               ICRA A3+     20      upgraded
                                                                                   from ICRA A3
Ramee Hotels Pvt Ltd                    Non-FBL               ICRA A4      35      assigned
Roop Technology Pvt Ltd                 Non-FBL               ICRA A4      138.7   Assigned
Shiwalay Infra Projects Pvt             Non-FBL               ICRA A4+     310     Upgraded
Ltd (Erstwhile Shiwalay                                                            from ICRA A4
Enterprise)
(enhanced from Rs. 23.00 crore)
Shiwalay Infra Projects Pvt             ST Unallocated        ICRA A4+     140     Assigned
Ltd (Erstwhile Shiwalay
Enterprise)
Walplast Products Pvt Ltd               NFBL                  ICRA A3+     20      Reaffirmed
    
MEDIUM TERM RATINGS:
-------------------
Kaira Can Co. Ltd                       Medium Term, Public   MA-          -       On Notice of
                                        Deposits                                   Withdrawal

LONG TERM RATINGS:
-------------------
Asian Granito India Ltd                 CC                    ICRA A       2000    outstanding
Asian Granito India Ltd                 TL                    ICRA A       150     outstanding
Asian Granito India Ltd                 Unallocated Limits    ICRA A       361.6   outstanding
Décor Paper Mills Ltd                   LT FBL                ICRA B       130     Upgraded
                                                                                   from ICRA B
Dsl Infrastructure & Space              Unallocated Limits    ICRA BB-     500     Reaffirmed
Developers Pvt Ltd
Future Financial Servicess Pvt          Bk Loan Fac           ICRA BBB+    1500    Withdrawn
Ltd
Hariomkar Food Products Pvt Ltd         TL                    ICRA BBB     750     Reaffirmed
Hariomkar Food Products Pvt Ltd         FB limits             ICRA BBB     100     Reaffirmed
International Cargo Terminals           FBL                   ICRA BBB     1180.8  Assigned
& Infrastructure Pvt Ltd                                                           /Outstanding 
                                              
Kaira Can Co. Ltd                       LT, FB Fac            ICRA BBB     125     Withdrawn
Lantech Pharmaceuticals Ltd             TL                    ICRA BB-     48.4    Reaffirmed
Lantech Pharmaceuticals Ltd             CC Limits             ICRA BB-     60      Reaffirmed
Maples Great Day Foods Pvt Ltd          TL                    ICRA BBB     150     upgraded
                                                                                   from ICRA
                                                                                   BBB-
Maples Great Day Foods Pvt Ltd          FB limits             ICRA BBB     40      upgraded
                                                                                   from ICRA
                                                                                   BBB-
Ramee Hotels Pvt Ltd                    FB Working Capital FacICRA B+      87.5    assigned
Roop Technology Pvt Ltd                 FBL                   ICRA B       5       Assigned
Sai Radha Pharma (India) Pvt            FBL                   ICRA B+      82.5    Upgraded
Ltd                                                                                from ICRA B+
Sentini Beverages Pvt Ltd               CC                    ICRA BBB-    70      Upgraded
                                                                                   from ICRA BB+
Sentini Beverages Pvt Ltd               Unallocated Amount    ICRA BBB-    430     Upgraded
                                                              /ICRA A3             from ICRA
                                                                                   BB+ /ICRA A4+
Shiwalay Infra Projects Pvt             FBL                   ICRA BB+     70      Upgraded
Ltd (Erstwhile Shiwalay                                                            from ICRA BB
Enterprise)
Shiwalay Infra Projects Pvt             LT Unallocated        ICRA BB+     30      Assigned
Ltd (Erstwhile Shiwalay
Enterprise)
Sri Manjunatha Spinning Mills           LT FBL                ICRA B       224.7   Reaffirmed
Ltd
Sri Manjunatha Spinning Mills           LT Non-FBL            ICRA B       4       Reaffirmed
Ltd
Sri Manjunatha Spinning Mills           LT Unallocated Limits ICRA B       52.9    Reaffirmed
Ltd
Sunrise Aqua Food Exports               LT FBL                ICRA B+      150     Upgraded
                                                                                   from ICRA B
(enhanced from Rs. 9.90 crore)
Sunrise Aqua Food Exports               Long/ST Unallocated   ICRA B+ /    10      Upgraded
                                        Limits                ICRA A4              from ICRA B
                                                                                   / ICRA A4
(revised from Rs. 0.10 crore)
Tessitura Monti India Pvt Ltd           LT/ST                 ICRA BBB     -       Outlook is
                                                              /ICRA A3+            Stable
Walplast Products Pvt Ltd               FBL                   ICRA BBB     45      Reaffirmed
--------------------------------------------------------------------------------------------
$: 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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