December 30, 2016 / 10:13 AM / in a year

ICRA ratings for Indian debt instruments-Dec 30

Dec 30 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of December 29, 2016.


COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Abci Infrastructures Pvt Ltd            non-fund based Bk Fac ICRA A2+      2500    Suspended
Alpha International                     FB Fac                ICRA A4       170     Suspended
Alpha International                     FB Fac                ICRA A4       30      Suspended
Canpex Chemicals Pvt Ltd                ST, Fund Based        ICRA A4+      40      Reaffirmed
Canpex Chemicals Pvt Ltd                ST, Non - Fund Based  ICRA A4+      37.5    Reaffirmed
Cdp (India) Pvt Ltd                     ST non FBL -BG        ICRA A4       50      Suspended
Cdp (India) Pvt Ltd                     ST FBL --Buyer's      ICRA A4       150     Suspended
                                        Credit*
* Sub-limit of Cash Credit
Encon Impex Pvt Ltd                     Non-FB Fac            ICRA A4       5       Suspended
Everest Industries Ltd                  NFBL                  ICRA A1       3000    Reaffirmed
Everest Industries Ltd                  CP                    ICRA A1       400     Reaffirmed
Focus Energy Ltd                        Non-FBL               ICRA A2       853.5   Suspended
Govind Cable Industries                 Non-FBL - ST          ICRA A4       70      Reaffirmed
Indic Ems Electronics Pvt Ltd           Non-FBL               ICRA A4       34      Suspended
Kandasamy & Co Saw Mill                 Bk Fac                ICRA A4       90.5    Suspended
Midway Apparels India Pvt Ltd           Bk Fac                ICRA A4       150     Suspended
Mirha Exports Pvt Ltd                   FBL                   ICRA A2       1300    upgraded
                                                                                   from ICRAA3+
Mirha Exports Pvt Ltd                   NFBL                  ICRA A2       200     upgraded
                                                                                   from ICRAA3+
Poppys Knitwear Pvt Ltd                 ST - Non FB Fac       ICRA A4       110     Assigned
Prakash Asphaltings & Toll              Non-FBL               ICRA A3+      2745.5  Suspended
Highways (India) Ltd
Rakhecha Securities Ltd                 ST Non-Fund Based Bk  ICRA A4       200     Reaffirmed
                                        lines
Righill Electrics Pvt Ltd               Non-FBL - ST          ICRA A4       45      Reaffirmed
Shree Radha Krishna Vinimay             untied limit          ICRA A4       200     Suspended
Pvt Ltd
Siporex India Pvt Ltd                   FBL                   ICRA A3+      275     Suspended
Siporex India Pvt Ltd                   Non-FBL               ICRA A3+      40      Suspended
Sri Harikrishna Saw Mill                Bk Fac                ICRA A4       60.5    Suspended
Sri Rama Raw And Boiled Rice            unallocated limits    ICRA A4       20.4    Suspended
Mill

LONG TERM RATINGS:
-------------------

A.A. Snack                              FB Fac                ICRA D        2.5     Suspended
A.A. Snack                              FB Fac                ICRA D        52.5    Suspended
A.A. Snack                              unallocated Fac       ICRA D        45      Suspended
Abci Infrastructures Pvt Ltd            cash-credit Fac       ICRA BBB+     485     Suspended
Action Ispat & Power (P) Ltd            TL                    ICRA D        8365.4  Suspended
Action Ispat & Power (P) Ltd            Fund Based Working    ICRA D        1265.4  Suspended
                                        Capital
Action Ispat & Power (P) Ltd            NFBL                  ICRA D        150     Suspended
Action Ispat & Power (P) Ltd            TL                    ICRA D        8365.4  Suspended
Action Ispat & Power (P) Ltd            Fund Based Working    ICRA D        1265.4  Suspended
                                        Capital
Action Ispat & Power (P) Ltd            NFBL                  ICRA D        150     Suspended
Alpha International                     FB Fac                ICRA BB       50      Suspended
Amricon Agrovet Pvt Ltd                 line of credit        ICRA D        776.5   Suspended
Anjani Cotton Industries                LT limits             ICRA B+       197.5   Suspended
Arvind Singla                           Bk Fac                ICRA BB-      80      Suspended
Arvind Singla                           Bk Fac                ICRA BB-      80      Suspended
Atria Brindavan Power Pvt. Ltd          Bk Fac                ICRA BBB-/A3  350     Suspended
Bansal Pathways Pvt Ltd                 TL                    ICRA BBB      870     Suspended
Bhatia Coal Washeries Ltd               Bk Fac                ICRA D        460     Suspended
Bohra Exports Pvt Ltd                   Non-FBL (LC)*         ICRA BB- /    1000    Reaffirmed
                                                              ICRA A4
Bohra Exports Pvt Ltd                   Proposed limits       ICRA BB- /    500     Reaffirmed
                                                              ICRA A4
Canpex Chemicals Pvt Ltd                LT, Fund Based - CC   ICRA BB+      20      Reaffirmed
Canpex Chemicals Pvt Ltd                LT/ST - Unallocated   ICRA BB+/A4+  2.5     Reaffirmed
Cdp (India) Pvt Ltd                     LT FBL -TL            ICRA B+       18.7    Suspended
Cdp (India) Pvt Ltd                     LT FBL -- CC          ICRA B+       150     Suspended
Cdp (India) Pvt Ltd                     Unallocated Limit     ICRA B+/      20.3    Suspended
                                                              ICRA A4
Diamond Footcare Udyog Pvt.             Bk lines              ICRA BB-      550     Suspended
Ltd.
Encon Impex Pvt Ltd                     LT FB Fac             ICRA B+       85      Suspended
Everest Industries Ltd                  FBL                   ICRA A+ /     1900    Suspended
                                                              ICRA A1
Everest Industries Ltd                  Working Capital TL    ICRA A+ /     742     Assigned
                                                              ICRA A1
Focus Energy Ltd                        LT Loans & Working    ICRA BBB+     1500    Suspended
                                        Capital
Focus Energy Ltd                        Unallocated Bk Limits ICRA BBB+/A2  16.5    Suspended
Global Minerals                         Bk lines              ICRA B+       88.8    Suspended
Gopinath Dairy Products Pvt Ltd         FBL (TL)              ICRA D        115     reaffirmed
Gopinath Dairy Products Pvt Ltd         FBL (CC)              ICRA D        5       reaffirmed
Gopinath Dairy Products Pvt Ltd         Unallocated Limit     ICRA D        140     reaffirmed
Govind Cable Industries                 FB Limits - LT        ICRA B        60      Reaffirmed
Harrisons Malayalam Ltd                 TL                    ICRA BB+      656.4   Suspended
Indian Crop Science Pvt Ltd             CC                    ICRA B+       50      reaffirmed
Indian Crop Science Pvt Ltd             TL                    ICRA B+       5       reaffirmed
Indian Crop Science Pvt Ltd             Unallocated           ICRA B+       10      reaffirmed
Indic Ems Electronics Pvt Ltd           LT working Capitals   ICRA BB-      70      Suspended
Indic Ems Electronics Pvt Ltd           TL                    ICRA BB-      28      Suspended
Kamlesh Metacast Pvt. Ltd               Non-FBL               ICRA B        186     Reaffirmed
Karelides Traders Pvt Ltd               NCD                   ICRA AA-      3750    reaffirmed
Khaya Solar Projects Pvt Ltd            TL                    ICRA B-       542     Upgraded
                                                                                    from ICRAC+
Lanco Solar Energy Pvt Ltd              FBL                   ICRA D        1500    Reaffirmed
Lanco Solar Energy Pvt Ltd              NFBL                  ICRA D        4250    Reaffirmed
Lanco Solar Pvt Ltd                     FBL                   ICRA D        9400    Reaffirmed
Lorvin Industries Ltd                   Bk Fac                ICRA D        490     Suspended
Magppie Exports Pvt. Ltd.               Fund Based Working    ICRA BB       195     Reaffirmed
                                        Capital Limits
Mhow Agroh Pathways Pvt Ltd             TL                    ICRA BB       1387.3  Suspended
Mhow Agroh Pathways Pvt Ltd             Unallocated Limits    ICRA BB       88      Suspended
Nagardas Kanji Shah                     Bk Fac                ICRA B/A4     150     Suspended
Om Trading Company                      LT FB limits          ICRA B-       49.5    Downgraded
                                                                                    from ICRAB
Pansuriya Impex                         LT & ST Scale - FBL   ICRA BB       1973.2  Suspended
Pansuriya Impex                         Untied Limits         ICRA BB       26.8    Suspended
Parsons Nutritionals Pvt. Ltd.          TL                    ICRA BBB      710     Reaffirmed
Parsons Nutritionals Pvt. Ltd.          CC                    ICRA BBB      140     Reaffirmed
Parsons Nutritionals Pvt. Ltd.          Unallocated           ICRA BBB      50      Reaffirmed
Poppys Knitwear Pvt Ltd                 LT - FB Fac           ICRA BB-      1020    Assigned
Prakash Asphaltings & Toll              FBL                   ICRA BBB      2050    Suspended
Highways (India) Ltd
Rakhecha Securities Ltd                 Overdraft Facility    ICRA BB       10      Reaffirmed
Ramprastha Promoters And                TL                    ICRA D        1377.5  Suspended
Developers Pvt Ltd
Ramprastha Promoters And                FBL                   ICRA D        500     Suspended
Developers Pvt Ltd
Ramprastha Promoters And                NFBL                  ICRA D        1271.3  Suspended
Developers Pvt Ltd
Reality Tex Yarn India Pvt Ltd          Bk Fac                ICRA B        150     Suspended
Righill Electrics Pvt Ltd               FB Limits - LT        ICRA B        35      Reaffirmed
Royal Plaza Inn                         term Fac              ICRA D        100     Suspended
S&S Green Projects Green Fields         Bk Fac                ICRA B        100     Suspended
Shree Radha Krishna Vinimay             cash-credit facility  ICRA B        25      Suspended
Pvt Ltd
Shri Vishnu Eatables (India)            Line of Credit        ICRA BB / A4  2100    Suspended
Ltd
Shri Vishnu Overseas Pvt Ltd            fund based Bk limits  ICRA BB       850     Suspended
Shri Vishnu Overseas Pvt Ltd            unallocated limits    ICRA BB       100     Suspended
Shukla Global Developers                TL                    ICRA BB+      150     Revised from
(India) Pvt Ltd                                                                     ICRABBB-
Shukla Global Developers                Non-FBL               ICRA BB+      9.8     Revised from
(India) Pvt Ltd                                                                     ICRABBB-
Siporex India Pvt Ltd                   TL                    ICRA BBB      687.3   Suspended
Sravanthi Energy Pvt. Ltd               FBL                   ICRA D        6337.5  Reaffirmed
Sravanthi Energy Pvt. Ltd               Non-FBL               ICRA D        500     Reaffirmed
Sri Nakoda Construction Ltd             LT Scale - TL         ICRA BB+      127.2   Downgraded
                                                                                    from ICRABBB
Sri Nakoda Construction Ltd             LT Scale - CC         ICRA BB+      50      Downgraded
                                                                                    from ICRABBB
Sri Nakoda Construction Ltd             LT Scale - UnallocatedICRA BB+      1322.8  Downgraded
                                                                                    from ICRABBB
Sri Rama Raw And Boiled Rice            fund based            ICRA B        79.6    Suspended
Mill
Sri Vigneshwara Wood Industries         Bk Fac                ICRA B+       85      Suspended
                                                              ICRA A4
Topworth Tollways (Bela) Pvt            non-FBL               ICRA BB       3157.4  Suspended
Ltd
Topworth Tollways (Bela) Pvt            non-FBL               ICRA BB       160.5   Suspended
Ltd
Topworth Tollways (Mangawan)            TL                    ICRA BB+      3330    Suspended
Pvt Ltd
Topworth Tollways (Mangawan)            non-FBL               ICRA BB+      191     Suspended
Pvt Ltd
Uma Medicare Ltd                        TL                    ICRA BBB      100     Reaffirmed
Uma Medicare Ltd                        FBL-CC                ICRA BBB      45      Reaffirmed
Uma Medicare Ltd                        Non-FBL               ICRA BBB      5       Reaffirmed
Vks Baretha Ghodadongri                 FBL                   ICRA BB+      200     Suspended
Corridor Pvt Ltd
Vks Baretha Ghodadongri                 NFBL                  ICRA BB+      23.8    Suspended
Corridor Pvt Ltd
Vks Seopur Baroda Corridor Pvt          FBL                   ICRA BB+ (SO) 368     Revised from
Ltd                                                                                 ICRABBB-
(SO)
Vks Seopur Baroda Corridor Pvt          NFBL                  ICRA BB+ (SO) 8       Revised from
Ltd                                                                                 ICRABBB-
(SO)
Vks Seopur Baroda Corridor Pvt          Unallocated           ICRA BB+ (SO) 7.2     Revised from
Ltd                                                                                 ICRABBB-
(SO)
Yogiraj Builders And Developers         Bk Lines of Limits    ICRA BB-      140     Withdrawn

--------------------------------------------------------------------------------------------
$: 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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