January 4, 2017 / 10:17 AM / in 10 months

ICRA ratings for Indian debt instruments-Jan 4

Jan 4 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of January 2 and January 3, 2017.


COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Dolf Industries                         NFBL                  ICRA A4+    26.9    Reaffirmed
F&K Agro Pvt Ltd                        Non-FBL               ICRA A4+    50      Upgraded
                                                                                  from ICRA A4
F&K Agro Pvt Ltd                        NFL                   ICRA A4+    50      Upgraded
                                                                                  from ICRA A4
Helious Clean Energy Pvt Ltd            solar projects        SP 2C        -      Assigned
Lila Polymers Pvt Ltd                   LOC                   ICRA A4+    250     Reaffirmed
(reduced from 30.00 CR)
Lila Polymers Pvt Ltd                   BG                    ICRA A4+    10      Reaffirmed
Manav Gem                               FBL                   ICRA A4     150     Reaffirmed
Jeyenkay Petrogels Pvt Ltd              ST Non-FBL            ICRA D      110     Revised from
                                                                                  ICRA A4
United Brothers Multiplast Llp          NFBL                  ICRA A4     60      Reaffirmed
United Brothers Multiplast Llp          FBL - Bill DiscountingICRA A4     40      Reaffirmed
Vtech Power Systems                     Off Grid and          SP 3D        -      Assigned
                                        Decentralized Solar
                                        Applications

LONG TERM RATINGS:
-------------------
Deepak Tea Pvt Ltd                      FBL                   ICRA BB-    75      Reaffirmed
Dolf Industries                         FBL                   ICRA BB     76      Reaffirmed
F&K Agro Pvt Ltd                        FBL                   ICRA BB+    307.2   Upgraded
                                                                                  from ICRA BB
(enhanced from 19.59)
F&K Agro Pvt Ltd                        FBL                   ICRA BB+    307.2   Upgraded
                                                                                  from ICRA BB
(enhanced from 19.59)
Haridarshan Developers                  FBL                   ICRA BB-    300     Assigned
Haridarshan Developers                  FBL                   ICRA BB-    300     Assigned
Jeyenkay Petrogels Pvt Ltd              LT FBL                ICRA B+     34      Revised from
                                                                                  ICRA B+
Jeyenkay Petrogels Pvt Ltd              Unallocated limits    ICRA D      36      Revised from
                                                                                  ICRA B+ /
                                                                                  ICRA A4
Lila Polymers Pvt Ltd                   CC                    ICRA BB     40      Reaffirmed
(reduced from 13.00 CR)
Prabhat Dairy Ltd                       LT, FBL - TL          ICRA A+     375     Outstanding
Prabhat Dairy Ltd                       LT, FBL - CC / WCDL   ICRA A+     1100    Outstanding
Prabhat Dairy Ltd                       LT / ST               ICRA A+ /   200     Assigned /
                                                              A1                  Outstanding
Rmz Ecoworld Infrastructure             LT Scale - TL         ICRA A+     2190.42 Upgraded
Pvt Ltd                                                                           from
                                                                                  ICRA A(SO)
Rmz Ecoworld Infrastructure             LT Scale - TL         ICRA A+(SO) 8700    Upgraded
Pvt Ltd                                                                           from
                                                                                  ICRA A(SO)
Shree Gopinathji Cars Pvt Ltd           CC Limit/EDFS         ICRA BB     161.1   Reaffirmed
Shree Gopinathji Cars Pvt Ltd           TL/Asset Backed Loan  ICRA BB     84      Reaffirmed
Tusha Textiles (Mumbai) Pvt Ltd         NFBL                  ICRA BB+    60      Reaffirmed
Tusha Textiles (Mumbai) Pvt Ltd         FBL - CC              ICRA BB+    70      Reaffirmed
Tusha Textiles (Mumbai) Pvt Ltd         FBL - Bill DiscountingICRA BB+    400     Reaffirmed
United Brothers Multiplast Llp          FBL - CC              ICRA BB-    70      Reaffirmed
--------------------------------------------------------------------------------------------
$: 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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