October 13, 2016 / 10:11 AM / in a year

ICRA ratings for Indian debt instruments-Oct 13

Oct 13 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of October 12, 2016.


COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Ishwar Cables Pvt Ltd                   Non Fund Based - BG   A4     10      Assigned
Jmt Auto Ltd                            Non-FB Fac            A4     536     Assigned
Jmt Auto Ltd                            Bill Discounting      A4     10      Assigned
                                        Facility
Ngl Fine-Chem Ltd                       LOC                   A3+    48      Reaffirmed
Ngl Fine-Chem Ltd                       BG                    A3+    -       Reaffirmed
Ngl Fine-Chem Ltd                       PSR Limit             A3+    40      Reaffirmed
Savan Electronics                       Off-grid solar        SP 2C        -       Assigned
                                        projects

LONG TERM RATINGS:
-------------------
Captain Tractors Pvt Ltd                Unallocated Limits    B+ /   100     Assigned
                                                              [ ICRA]A4
CMS Info Systems Ltd                    TL                    AA     105     Reaffirmed
CMS Info Systems Ltd                    FBL (CC/WCTL)         AA     1315    Reaffirmed
CMS Info Systems Ltd                    NFBL (BG/LC)          AA /   1380    Reaffirmed
                                                              A1+
Indian School Finance Company           PTC Series A2         BB-    13      Assigned
Pvt Ltd
Indian School Finance Company           PTC Series A1         BBB+   229.4   Assigned
Pvt Ltd
Ishwar Cables Pvt Ltd                   FBL-CC                B      60      Assigned
JMT Auto Ltd                            TL                    BB-    918     Assigned
JMT Auto Ltd                            FB Fac                BB-    870     Assigned
JMT Auto Ltd                            Unallocated Limits    BB-    166     Assigned
Magma Fincorp Ltd                       PTC Series A1         AAA    1535.9  Assigned
Magma Fincorp Ltd                       PTC Series A2         AAA    68.2    Assigned
Magma Fincorp Ltd                       Liquidity Facility    AAA    24.1    Assigned
Magma Fincorp Ltd                       Second Loss Facility  BBB-   116.3   Assigned
Motia Developers Pvt Ltd                Bk Lines              BB-    478.7   Suspended
Ngl Fine-Chem Ltd                       CC                    BBB    80      Reaffirmed
Ngl Fine-Chem Ltd                       TL                    BBB    178     Reaffirmed
Ngl Fine-Chem Ltd                       Preshipment Credit    BBB    80      Reaffirmed
Ngl Fine-Chem Ltd                       Unallocated           BBB    -       Reaffirmed
Samdariya Abhushan Pvt. Ltd.            Fund based facility   B+     250     Assigned
Samdariya Abhushan Pvt. Ltd.            Proposed fund based   B+     250     Assigned
                                        facility
SM Constructions                        Bk Fac                BB-    85      Suspended
Sri Srinivasa Rice Mill                 Non Fund Based Bk Fac B+ /   100     Suspended
                                                              A4
--------------------------------------------------------------------------------------------
$: 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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