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ICRA ratings for Indian debt instruments-Dec 29
December 29, 2016 / 11:52 AM / a year ago

ICRA ratings for Indian debt instruments-Dec 29

Dec 29 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of December 28, 2016.


COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
A.R.Stanchem Pvt Ltd                    ST- FBL               A2     310     Reaffirmed
A.R.Stanchem Pvt Ltd                    Unallocated Limits    A2     30      Reaffirmed
Abco Steel International Pvt            ST non FB Fac         A4     12.5    Suspended
Ltd
Anand Engineering Products Pvt          non-fund based        A4     5       Suspended
Ltd                                     facility
Appl Industries Ltd                     Non-FB Fac            A3     450     Reaffirmed
(enhanced from 13.00cr)
Bommidala Enterprises Pvt Ltd           ST - FB Fac           A2+    250     Reaffirmed
Bommidala Enterprises Pvt Ltd           ST - FB Fac           A2+    350     Reaffirmed
                                        (sub-limit)
Bommidala Enterprises Pvt Ltd           ST - Non-FB Fac       A2+    340.6   Reaffirmed
Bommidala Enterprises Pvt Ltd           ST - Non-FB Fac       A2+    350     Reaffirmed
                                        (sub-limit)
Canara Bank                             CDs Programme         A1+    500000  reaffirmed
Gurbaksh Singh B A Builders             non-FBL               A4    140     Assigned
(P) Ltd
Indraprastha Automobiles Pvt            BG                    A4;    65      Reaffirmed
Ltd
King Ice Plant                          ST - Non-FB Fac       A4+    150     Reaffirmed
King Ice Plant                          ST - Proposed Fac     A4+    6.6     Reaffirmed
M/S Jotindra Steel & Tubes Ltd          non fund based Bk     A4    110     Suspended
                                        limits
Nissan Renault Financial                CP                    A1+    2000    Assigned
Services
(Enhanced from Rs.100.00 crore)
Premier Enterprises                     FB Fac                A3     200     Suspended
Premier Enterprises                     non-fund based        A3     50      Suspended
                                        (sub-limit) Fac
Premier Tobacco Packers Pvt Ltd         ST - FB Fac           A2+    600     Reaffirmed
Premier Tobacco Packers Pvt Ltd         ST - Non-FB Fac       A2+    50      Reaffirmed
Sai Fertilizers Pvt Ltd                 NFBL                  A3     170     reaffirmed
Sai Fertilizers Pvt Ltd                 ST interchangeable    A3     50      reaffirmed
                                        limits*
*Rs. 5.00 crore of interchangeable limits is a sublimit of the non fund based limit and can be
used as a cash credit facility.
Uttoron Engineering Pvt Ltd             fund based Bk Fac     A4     59.9    Suspended
Uttoron Engineering Pvt Ltd             NFBBF                 A4     80      Suspended

LONG TERM RATINGS:
-------------------
A.R.Stanchem Pvt Ltd                    TL                    BBB+   40      Reaffirmed
Abco Steel International Pvt            LT FB Fac             BB-    177.5   Suspended
Ltd
Advance Ventilation Pvt Ltd             Bk Fac                BB /   430     Suspended
                                                              A4
All India Arya Samajis Society          Bk Fac                BB+    220     Suspended
For Technical Education
Anand Engineering Products Pvt          TL Fac                B      106.4   Suspended
Ltd
Anand Engineering Products Pvt          FB Fac                B      140     Suspended
Ltd
Anod Plasma Spray Ltd.                  Bk lines              B      56      Suspended
Appl Industries Ltd                     TL                    BBB-   558     Reaffirmed
(enhanced from 45.95cr)
Appl Industries Ltd                     CC Limits             BBB-   710     Reaffirmed
(enhanced from 53.00cr)
Appl Industries Ltd                     Unallocated           BBB-   82      Reaffirmed
(enhanced from 0.05cr)
Balaji Coal Pvt Ltd                     Bk Fac                BB- /  475     Suspended
                                                              A4
Bbm Estates Pvt Ltd                     TL facility, backed   A-(SO) 800     reaffirmed
                                        by Corporate
(Guarantee from Bommidala Enterprises Private Limited)
Bhagwati Diamonds Pvt Ltd               Bk lines              BB     100     Suspended
Bommidala Enterprises Pvt Ltd           LT - FB Fac           A-     100     Reaffirmed
                                        (sub-limit)
Canara Bank                             Additional Tier-I     AA     15000   reaffirmed
                                        Bonds Programme -     (hyd)
                                        Basel III
Canara Bank                             Lower Tier II Bonds   AAA    20000   reaffirmed
                                        Programme
Canara Bank                             Tier-II Bonds         AAA    79000   reaffirmed
                                        Programme - Basel III (hyd)
Columbus Premier Shoes Pvt.             FBL- LT               BBB-   60      Suspended
Ltd.
Deepak Cosmo Ltd                        Bk Fac                B /A4  290     Suspended
Geeken Seating Collection Pvt           Bk Fac                BB/A4+ 150     Suspended
Ltd
Govindam Brj Infra Projects             Bk lines              B+    100     Suspended
Pvt. Ltd.
Gurbaksh Singh B A Builders             FBL                   B-    140     Suspended
(P) Ltd
Harsh Enterprises                       Bk Fac                BB-    140     Suspended
Horizon Buildcon Pvt Ltd                FBL                   B+    285     Suspended
Imprint Vinimay Pvt Ltd                 FBBF                  C-     225     Suspended
Indraprastha Automobiles Pvt            Inventory Funding     BB-    340     Reaffirmed
Ltd
Indraprastha Automobiles Pvt            CC                    BB-    85      Reaffirmed
Ltd
(enhanced from 6.5cr)
Indraprastha Automobiles Pvt            Unallocated           BB-    60      Reaffirmed
Ltd
(reduced from 8.0cr)
King Ice Plant                          LT - FB Fac           BB+    10      Reaffirmed
M/S Bhansali Impex Ltd                  FBL                   B-    60      Suspended
M/S Jotindra Steel & Tubes Ltd          FBL                   B-    240     Suspended
Mahesh Rice Mill                        FBL                   B      120     Reaffirmed
Modern Packaging Pvt Ltd                Bk lines              BB+    100     Suspended
                                                              / A4+
Mudrakshi Hytech India Pvt Ltd          Bk Fac                BB+ /  200     Suspended
                                                              A4+
New Habitat Housing Finance &           proposed FBL          BB+    360     Withdrawn
Development Ltd
New Habitat Housing Finance &           fund based Bk Fac     BB+    140     Suspended
Development Ltd
Nissan Renault Financial                NCD                   AAA    1000    Assigned
Services
Panam Packers Pvt Ltd                   Bk Fac                BB-    100     Suspended
Payal Petropack Pvt Ltd                 Bk Fac                B+     360     Suspended
                                                              / A4
Premier Tobacco Packers Pvt Ltd         LT - FB Fac           A-     50      Reaffirmed
                                        (sub-limit)
Radhaballabh Silk Mills Pvt Ltd         Bk Fac                B-     70      Suspended
Ramesh Chand Rai                        Bk Fac                B/ A4  90      Suspended
Royal Suitings Pvt Ltd                  Bk lines              B+     89      Suspended
Sai Fertilizers Pvt Ltd                 CC                    BBB-   180     reaffirmed
Sai Sulphonates Pvt Ltd                 TL                    BBB+   102.8   reaffirmed
Sai Sulphonates Pvt Ltd                 CC                    BBB+   560     reaffirmed
Sai Sulphonates Pvt Ltd                 Unallocated limit     BBB+   105.6   reaffirmed
Satish Builders                         fund based and NFBL   B     80      Suspended
Sjs Motors                              CC                    B      87.5    reaffirmed
Sjs Motors                              Unallocated           B      12.5    reaffirmed
Srs Meditech Ltd                        Bk Fac                B+/A4  205.7   Suspended
Thakar Chemicals Ltd                    ST                    BB- /  160     Suspended
                                                              A4
Triveni Electroplast Pvt Ltd            CC                    BB-    95      Upgraded
                                                                                   from B+
Triveni Electroplast Pvt Ltd            TL                    BB-    50      Upgraded
                                                                                   from B+
Uniglobe Mod Travels Pvt Ltd            Bk lines              BB+ /  214     Suspended
                                                              A4+
Uniworld Sugars Pvt. Ltd.               Bk Fac                D      1250    Suspended
(Uspl)
Uttoron Engineering Pvt Ltd             untied limits         B+     100     Assigned
                                                              /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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