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ICRA ratings for Indian debt instruments-Nov 20
November 20, 2014 / 5:27 AM / 3 years ago

ICRA ratings for Indian debt instruments-Nov 20

Nov 20 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of November 19, 2014.

COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Asian Granito India Ltd                 CP Programme          A1+   50      Assigned
                                                              (SO)
Asian Peroxides Ltd                     ST, non-FB Fac        A4     30      Reaffirmed
Bardia Jewellers Pvt Ltd                Stand by line of      A4     5       Reaffirmed
                                        credit
Clad Metal India Pvt Ltd                Non-FBL               A4+    114.5   Assigned
Dhanshree Seeds Pvt. Ltd                LOC                   A4     20      Assigned
Dimple Creations Pvt Ltd                ST FBL                A4+    180     Upgraded
                                                                                   from
                                                                                   A4+
Elegant Coatings Pvt Ltd                FBL                   A4+    45      Suspended
Hdfc Ltd                                ST Debt Programme     A1+    350000  Assigned
(enhanced from Rs 25,000 crores)
Krishna Sales Corporation               Non-fund based LOC Fac A4     80      Withdrawn
M/S. R B Seth Shreeram                  Non-fund based Bk     A2+    5       Assigned
Narsingdas                              facility
Mjk Mercantiles Pvt Ltd                 Non-fund based LOC Fac A4     50      Withdrawn

LONG TERM RATINGS:
-------------------
Asian Peroxides Ltd                     LT, FB Fac            B      215     Revised from
                                                                                   B+
Avadh Infra                             TL                    B+     500     Assigned
Bardia Jewellers Pvt Ltd                CC                    B+     75      Reaffirmed
Bhagwati Rice Mills                     FBL                   B      346.8   Reaffirmed
Clad Metal India Pvt Ltd                TL                    BB     30      Suspended
Clad Metal India Pvt Ltd                FBL                   BB     12.5    Assigned
Dhanshree Seeds Pvt. Ltd                CC                    BB     130     Assigned
Dhanshree Seeds Pvt. Ltd                TL                    BB     10      Assigned
Dimple Creations Pvt Ltd                LT FBL                BB+    100     Upgraded
                                                                                   from BB
Dimple Creations Pvt Ltd                LT Non Fund Based     BB+    1       Upgraded
                                        Limits                                     from BB
Dimple Creations Pvt Ltd                LT Unallocated        BB+    65      Upgraded
                                                                                   from BB
Elegant Coatings Pvt Ltd                TL                    BB     15      Suspended
Gee Emm Spinfab Ltd                     LT - FBL              BB     584     Reaffirmed
Gee Emm Spinfab Ltd                     LT - Unallocated      BB     43      Reaffirmed
Goodwin Jewellers Pvt Ltd               LT FB facility        BB-    220     Assigned
Green Infra Wind Farm Assets            TL                    BBB    2170    Assigned
Ltd
Janalakshmi Financial Services          LT Bk Fac             A-     5500    Assigned
Pvt Ltd
(enhanced from Rs. 50 to 550 crore)
Janalakshmi Financial Services          NCD                   A-     2000    Assigned
Pvt Ltd
Janta Rice Mill                         CC                    B      95      Reaffirmed
Janta Rice Mill                         TL                    B      10      Reaffirmed
Krishna Sales Corporation               Working capital Fac   BB     70      Withdrawn
M/S. R B Seth Shreeram                  TL                    BBB+   395.3   Assigned
Narsingdas
M/S. R B Seth Shreeram                  Fund based Bk facility BBB+   600     Assigned
Narsingdas
M/S. R B Seth Shreeram                  Unallocated Fac       BBB+   59.7    Assigned
Narsingdas                                                    / A2+
M/S. Rajlakshmi Minerals                TL                    BB+    180     Assigned
Mahindra Shubhlabh Services             LT, FBL               A-     250     Upgraded
Ltd                                                                                from
                                                                                   BBB+
(enhanced from Rs.23.00 crore)
Mjk Mercantiles Pvt Ltd                 Working capital Fac   BB     80      Withdrawn
Royal Mindz Infra Pvt. Ltd              TL                    BB-    56.8    Assigned
Royal Mindz Infra Pvt. Ltd              Unallocated Limits    BB-    43.2    Assigned
Samarth Sai Logistics Pvt Ltd           Bk limits             B /    70      Suspended
                                                              A4
Snn Homes                               FBL                   BBB-   200     Withdrawn
Snn Homes                               FBL - Proposed Limits BBB-   1500    Assigned
Snn Properties Llp                      Proposed limits       BBB-   200     Assigned
Svr Drugs Pvt Ltd                       FBL                   BB     145     Reaffirmed
(revised from 15.88 CR)
Svr Drugs Pvt Ltd                       NFBL                  BB     25      Reaffirmed
Svr Drugs Pvt Ltd                       Unallocated           BB     30      Reaffirmed
(revised from 1.62 CR)
Tara Finvest Pvt Ltd                    working capital Fac   BB     124     Withdrawn
Vishwaraj Sugar Industries Ltd          FB Fac                BBB-   1372    Assigned
Western Refrigeration Pvt. Ltd          FBL                   BBB-   520     Reaffirmed
Western Refrigeration Pvt. Ltd          Non FBL               BBB-   500     Reaffirmed
Western Refrigeration Pvt. Ltd          Proposed Limit        BBB-   480     Reaffirmed
Zuri Hotels And Resorts Pvt             TL                    D      200     Reaffirmed
Ltd
Zuri Hotels And Resorts Pvt             LT FBL                D      20      Reaffirmed
Ltd
--------------------------------------------------------------------------------------------
$: 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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