January 10, 2017 / 10:15 AM / in a year

ICRA ratings for Indian debt instruments-Jan 10

Jan 10 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of January 9, 2017.


COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Arihant Solvex Pvt Ltd                  BG                     ICRA A4     0.3     Reaffirmed
JBM Auto Ltd                            Non FB Fac             ICRA A3+    645     Reaffirmed
Lila Dhar Devki Nandan                  Non-FBL                ICRA A4     50      Reaffirmed
Lila Dhar Devki Nandan                  Unallocated Limits     ICRA A4     50      Reaffirmed
M/S. Carona Knit Wear                   ST - FB Fac            ICRA A4+    155     Reaffirmed
Mil Steel And Power Ltd                 ST, Non-FB Fac         ICRA A4     20      Reaffirmed
Patanjali Ayurved Ltd                   NFBL                   ICRA A1     200     Upgraded
                                                                                   from
                                                                                   ICRA A2+
Payal International Ltd                 FBL- ST                ICRA A4     180     Reaffirmed
Prateek Wires Pvt Ltd                   Non-FBL                ICRA A4     30      Downgraded
                                                                                   from
                                                                                   ICRA A4+
(revised from Rs. 2.00 crore earlier)
Taegutec India Pvt Ltd                  ST: FB Fac             ICRA A1+    -       Reaffirmed

LONG TERM RATINGS:
-------------------
Ajnara Infrastructure (P) Ltd.          FBL                    ICRA BB     91      Reaffirmed
API Associates Pvt Ltd                  LT, FBL                ICRA D      70      Reaffirmed
API Associates Pvt Ltd                  ST, Non-FBL            ICRA D      -       Reaffirmed
API Associates Pvt Ltd                  ST, Unallocated Limits ICRA D      30      Reaffirmed
Arihant Solvex Pvt Ltd                  CC                     ICRA BB-    160     Reaffirmed
Arihant Solvex Pvt Ltd                  Unallocated Limits     ICRA BB-    7.2     Reaffirmed
                                                               /A4
Genisys Integrating System              TL                     ICRA BBB-   370     Reaffirmed
(India) Pvt Ltd
(revised from Rs. 31.00cr)
JBM Auto Ltd                            TL                     ICRA BBB    1021.9  Reaffirmed
JBM Auto Ltd                            Unallocated Limits     ICRA BBB    61.8    Reaffirmed
JBM Auto Ltd                            CC / WCDL              ICRA BBB /  1142.5  Reaffirmed
                                                               A3+
JBM Auto Ltd                            Fund based and NFBL    ICRA BBB /  972.5   Reaffirmed
                                                               A3+
Lila Dhar Devki Nandan                  FB Limits              ICRA B-/A4  60      Reaffirmed
M/S. Carona Knit Wear                   LT - TL                ICRA BB+    9.6     Reaffirmed
M/S. Carona Knit Wear                   LT - FB Fac            ICRA BB+    7.5     Reaffirmed
Mil Steel And Power Ltd                 LT: FB Fac             ICRA B+     41      Reaffirmed
(revised from 6.00cr)
Mil Steel And Power Ltd                 LT: Unallocated        ICRA B+     105.5   Reaffirmed
(enhanced from 8.73cr)
Mil Steel And Power Ltd                 LT / ST unallocated    ICRA B+ /   20.8    Reaffirmed
                                        Fac                    ICRA A4
(enhanced from 2.00cr)
Patanjali Ayurved Ltd                   FBL                    ICRA A+     3000    Upgraded
                                                                                   from ICRA A-
Prateek Wires Pvt Ltd                   FBL - Untied          -            -       -
(revised from Rs. 9.00 crore earlier)
Prateek Wires Pvt Ltd                   Non-FBL - Untied      -            -       -
(revised from Rs. 1.00 crore earlier)
Prateek Wires Pvt Ltd                   FBL                    ICRA BB-    120     Downgraded
                                                                                   from
                                                                                   ICRA BB+
(revised from Rs. 3.00 crore earlier)
Rkm Powergen Pvt Ltd                    TL                     ICRA D      11596.3 Reaffirmed
Rkm Powergen Pvt Ltd                    BG                     ICRA D      2550    Reaffirmed
Srinidhi Real Estate And                LT Unallocated Limits  ICRA B      80      Reaffirmed
Constructions
Taegutec India Pvt Ltd                  LT: FB Fac             ICRA AA-    230     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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