April 26, 2017 / 5:52 AM / 4 months ago

India Ratings for Indian debt instruments – Apr 26

    Apr 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
April 25, 2017.

COMPANY                         INSTRUMENT             RATING           AMOUNT   MOVEMENT
                                                                        (RS.MLN)
------                          ----------             ------           ------   ---------
SHORT TERM RATINGS:
-------------------
India Steel Continental Pvt Ltd Non-FB WC limit        IND A4           15       Migrated to
                                                                                 Non
                                                                                 -Cooperating
                                                                                 Category
(ISSUER NOT COOPERATING)
Prafful Exports                 Non-FB Fac             IND A4           35       Migrated to
                                                                                 Non
                                                                                 -Cooperating
                                                                                 Category
(ISSUER NOT COOPERATING)
Rameshwar Prasad Sharma         Non-FB WC limit        IND A4+          65       Migrated to
Contractor                                                                       Non
                                                                                 -Cooperating
                                                                                 Category
(ISSUER NOT COOPERATING)
Rameshwar Prasad Sharma         Proposed NFB WC limit  IND A4+          35       Provisional;
Contractor                                                                       Migrated to
                                                                                 Non –
                                                                                 Cooperating
                                                                                 Category
(ISSUER NOT COOPERATING)
Sanjay Diesels                  Non-FB WC limit        IND A4           80       Migrated to
                                                                                 Non
                                                                                 -Cooperating
                                                                                 Category
(ISSUER NOT COOPERATING)
Suri Shoes Pvt Ltd              Non-FB limits          IND A4+          50.5     Assigned
Surya Carpet Pvt Ltd            FB WC limit            IND A2           432      Migrated to
                                                                                 Non
                                                                                 -Cooperating
                                                                                 Category
(ISSUER NOT COOPERATING)
Surya Carpet Pvt Ltd            Non-FB WC limit        IND A2           12       Migrated to
                                                                                 Non
                                                                                 -Cooperating
                                                                                 Category
(ISSUER NOT COOPERATING)
Vaswani Industries Ltd          Non-FB WC limit        IND A4+          320      Migrated to
                                                                                 Non
                                                                                 -Cooperating
                                                                                 Category
(ISSUER NOT COOPERATING)

LONG TERM RATINGS:
-------------------
Ambica Chemicals                TL                     IND B            42.2     Migrated to
                                                                                 Non
                                                                                 -Cooperating
                                                                                 Category
(ISSUER NOT COOPERATING)
Ambica Chemicals                FB WC limit            IND B            23.8     Migrated to
                                                                                 Non
                                                                                 -Cooperating
                                                                                 Category
(ISSUER NOT COOPERATING)
Amideep Automobiles             FB WC Fac              IND BB-          95       Migrated to
                                                                                 Non
                                                                                 -Cooperating
                                                                                 Category
(ISSUER NOT COOPERATING)
Ballia Nagar Palika Parishad    LT Issuer Rating       IND BB-                   Assigned
Bhopal Dhule Transmission Co.   Proposed NCDs          IND AAA          7200     Provisional
Ltd
Capital Infraprojects Pvt Ltd   TL                     IND BB+          1000     Affirmed
Dewas Bhopal Corridor Pvt Ltd   Subordinate LT         IND A+           500      Upgraded
                                project loan
(INR80 outstanding)
Dewas Bhopal Corridor Pvt Ltd   Secured, rated,        IND AA-          1700     Upgraded
                                unlisted, redeemable
                                NCDs
(INR1,699.6 outstanding)
Dewas Bhopal Corridor Pvt Ltd   LT project Bk loans    IND AA-          1440     Upgraded
(INR1,333.5 outstanding)
Empire Multipack Pvt Ltd        Long-TL                IND B+           30.85    Migrated to
                                                                                 Non
                                                                                 -Cooperating
                                                                                 Category
(ISSUER NOT COOPERATING)
Empire Multipack Pvt Ltd        FB WC limit            IND B+           42.5     Migrated to
                                                                                 Non
                                                                                 -Cooperating
                                                                                 Category
(ISSUER NOT COOPERATING)
Empire Multipack Pvt Ltd        Non-FB WC limit        IND B+           22.5     Migrated to
                                                                                 Non
                                                                                 -Cooperating
                                                                                 Category
(ISSUER NOT COOPERATING)
Energon Gj Wind Power Pvt Ltd   Bk TL                  IND A-           1970     Assigned
Energon Gj Wind Power Pvt Ltd   Bk loans               WD               2220     Withdrawn
                                                                                 (paid in full)
Fine Lines                      FB limits              IND BB+/ IND A4+ 80       Assigned
Healthcare Global Enterprises   TL                     WD               1346.2   Withdrawn
Ltd
Healthcare Global Enterprises   FB WC limits           WD               550      Withdrawn
Ltd
Healthcare Global Enterprises   Non-FB WC limits       WD               103.8    Withdrawn
Ltd                                                                              (paid in full)
India Steel Continental Pvt Ltd Long-TL                IND B-           194.7    Migrated to
                                                                                 Non
                                                                                 -Cooperating
                                                                                 Category
(ISSUER NOT COOPERATING)
India Steel Continental Pvt Ltd FB WC limit            IND B-           100      Migrated to
                                                                                 Non
                                                                                 -Cooperating
                                                                                 Category
(ISSUER NOT COOPERATING)
Jyoti Processors Pvt Ltd        FB limits              IND BB           105      Assigned
Jyoti Processors Pvt Ltd        TL                     IND BB           1.64     Assigned
Knowledge Education Foundation  TL (LT)                IND D            38.63    Migrated to
                                                                                 Non
                                                                                 -Cooperating
                                                                                 Category
(ISSUER NOT COOPERATING)
Knowledge Education Foundation  WC facility (LT)       IND D            15       Migrated to
                                                                                 Non
                                                                                 -Cooperating
                                                                                 Category
(ISSUER NOT COOPERATING)
Matrix Roller Mill Pvt Ltd      Long-TL                IND B            60       Migrated to
                                                                                 Non
                                                                                 -Cooperating
                                                                                 Category
(ISSUER NOT COOPERATING)
Matrix Roller Mill Pvt Ltd      FB WC limit            IND B            71       Migrated to
                                                                                 Non
                                                                                 -Cooperating
                                                                                 Category
(ISSUER NOT COOPERATING)
Matrix Roller Mill Pvt Ltd      Proposed FB WC limit   IND B            29       Provisional;
                                                                                 Migrated to
                                                                                 Non –
                                                                                 Cooperating
                                                                                 Category
(ISSUER NOT COOPERATING)
Matrix Roller Mill Pvt Ltd      Proposed long-TL       IND B            16       Provisional;
                                                                                 Migrated to
                                                                                 Non –
                                                                                 Cooperating
                                                                                 Category
(ISSUER NOT COOPERATING)
Pearl Polymers Ltd              FB WC limit            IND BBB-/ IND A3 188      Upgraded
Pearl Polymers Ltd              Non-FB WC limit        IND BBB-/ IND A3 97       Upgraded
Prafful Exports                 FB Fac                 IND B            60       Migrated to
                                                                                 Non
                                                                                 -Cooperating
                                                                                  Category
(ISSUER NOT COOPERATING)
R.K. Natural Fibre Pvt Ltd      FB Fac                 IND B            68       Migrated to
                                                                                 Non
                                                                                 -Cooperating
                                                                                 Category
(ISSUER NOT COOPERATING)
Rameshwar Prasad Sharma         FB WC limit            IND BB-          62.5     Migrated to
Contractor                                                                       Non
                                                                                 -Cooperating
                                                                                 Category
(ISSUER NOT COOPERATING)
Rameshwar Prasad Sharma         Proposed FB WC limit   IND BB-          37.5     Provisional;
Contractor                                                                       Migrated to
                                                                                 Non –
                                                                                 Cooperating
                                                                                 Category
(ISSUER NOT COOPERATING)
Sampurn Agri Ventures Pvt. Ltd  FB limit               IND B            20       Migrated to
                                                                                 Non
                                                                                 -Cooperating
                                                                                  Category
(ISSUER NOT COOPERATING)
Sampurn Agri Ventures Pvt. Ltd  TL                     IND B            80       Migrated to
                                                                                 Non
                                                                                 -Cooperating
                                                                                  Category
(ISSUER NOT COOPERATING)
Sanjay Diesels                  FB WC limit            IND B+           70       Migrated to
                                                                                 Non
                                                                                 -Cooperating
                                                                                  Category
(ISSUER NOT COOPERATING)
Shreyans Oils Ltd               FB limit               IND B            60       Migrated to
                                                                                 Non
                                                                                 -Cooperating
                                                                                  Category
(ISSUER NOT COOPERATING)
Shreyans Oils Ltd               Proposed FB limit      IND B            45       Provisional;
                                                                                 Migrated to
                                                                                 Non –
                                                                                 Cooperating
                                                                                  Category
(ISSUER NOT COOPERATING)
Shreyans Oils Ltd               Proposed TL            IND B            45       Provisional;
                                                                                 Migrated to
                                                                                 Non –
                                                                                 Cooperating
                                                                                 Category
(ISSUER NOT COOPERATING)
Sn Buildcon                     Proposed long-TL       IND B            60       Provisional;
                                                                                 Migrated to
                                                                                 Non –
                                                                                 Cooperating
                                                                                 Category
(ISSUER NOT COOPERATING)
Suri Shoes Pvt Ltd              FB WC limits           IND BB+/ IND A4+ 245      Assigned
Vaswani Industries Ltd          FB WC limit            IND BB+          400      Migrated to
                                                                                 Non
                                                                                 -Cooperating
                                                                                 Category
(ISSUER NOT COOPERATING)
Vaswani Industries Ltd          Long-TL                IND BB+          81.6     Migrated to
                                                                                 Non
                                                                                 -Cooperating
                                                                                 Category
(ISSUER NOT COOPERATING)
-----------------------------------------------------------------------------------------------
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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