June 29, 2020 / 11:44 AM / a month ago

RPT-ICRA ratings for Indian debt instruments-Jun 29

 (Repeating to add additional ratings)
   Jun 29 - Below are the ratings awarded by Investment Information Credit Rating Agency Ltd.
(ICRA) for local debt instruments as of June 26, 2020.


COMPANY                                INSTRUMENT           RATING      AMOUNT MOVEMENT
                                                                       (RS.MLN)
------                                 ----------           ------      -----  ---------
SHORT TERM RATINGS:
-------------------
Chidambaram Shipcare Pvt Ltd           ST- Non FB Fac       ICRA A4     28.5   -
(Rating Downgraded from ICRA A4+ and Continues to remain under ‘Issuer Not Cooperating’
category)
Dlf Cyber City Developers Ltd          ST Fund based        ICRA A1+    3000   Reaffirmed
Dlf Cyber City Developers Ltd          ST Non-fund based    ICRA A1+    2000   Reaffirmed
Dlf Cyber City Developers Ltd          CP                   ICRA A1+    10000  Reaffirmed
Jeans Knit Pvt Ltd                     Fund Based – Working ICRA A2     700    Assigned
                                       Capital Fac
Jeans Knit Pvt Ltd                     Unallocated limits   ICRA A2     254.3  Assigned
Larsen & Toubro Ltd                    CP (CP)              ICRA A1+    160000 Outstanding
Metal Alloys Corporation               LOC/BG               ICRA A4     50     Withdrawn
Oxyzo Financial Services Pvt           CP Programme         ICRA A2     250    Outstanding
Ltd
Padma Polymers                         Non – fund based – LOICRA A4     60     -
(Rating continues to remain under the ‘Issuer Not Cooperating’ category)
Paxal Corporation                      ST - Non Fund Based  ICRA A4     110    Withdrawn
(Issuer not cooperating)
S.K.L. Exports                         ST- Non FB Fac       ICRA A4     50     -
(Rating Continues to remain under ‘Issuer Not Cooperating’ category)
Coastal Energy Pvt Ltd                 ST – Non Fund Based  ICRA D      6455   -
(Rating Continues to remain under issuer not cooperating category)
Sterling Generators Pvt Ltd            ST – Fund Based      ICRA A4+    1050   -
(Rating downgraded from ICRA A3 and moved to the ‘Issuer Not Cooperating’ category)
Sterling Generators Pvt Ltd            ST – Non-fund Based  ICRA A4+    1095   -
(Rating downgraded from ICRA A3 and moved to the ‘Issuer Not Cooperating’ category)
Knk Nexgen Construction Pvt Ltd        ST - Non Fund Based  ICRA D      400    -
(Rating downgraded from ICRA A4 ISSUER NOT COOPERATING and continues to remain under ‘Issuer Not
Cooperating’ category)
Tag Corporation                        ST- Non Fund Based-  ICRA A4+    500    -
                                       Bk Fac
(Rating Downgraded from ICRA A2 and Continues to remain under ‘Issuer Not Cooperating’ category)
Tata Coffee Ltd                        CP                   ICRA A1+    300    Reaffirmed
Popees Baby Care Products Pvt Ltd      ST – NonFB Fac*      ICRA A4+           Issuer yet
                                                                               to provide
                                                                               information
*Sub-limit of fund based facilities
S.S. Enterprises Electricals           ST – Non-fund based  ICRA A4     10     Issuer yet
                                                                               to provide
                                                                               information
Srinivasa Edifice Pvt Ltd              NFBL                 ICRA A4+    300    Review
                                                                               process in
                                                                               underway


LONG TERM RATINGS:
-------------------
Acer India (Pvt) Ltd                   BG                   ICRA BBB+   5800   Reaffirmed
                                                            (Stable)
Century Joint Development Pvt          NCDs                 ICRA B+     4200   -
Ltd                                                         (Stable)
(Rating downgraded from ICRA BB+ (Negative) and continues to remain in the ‘Issuer Not
Cooperating’ category)
Chidambaram Shipcare Pvt Ltd           LT- FB Fac           ICRA        25     -
                                                            B+(Stable)
(Rating Downgraded from ICRA BB+(Stable) and Continues to remain under ‘Issuer Not Cooperating’
category)
Chidambaram Shipcare Pvt Ltd           LT- Unallocated      ICRA        6.5    -
                                                            B+(Stable)
(Rating Downgraded from ICRA BB+(Stable) and Continues to remain under ‘Issuer Not Cooperating’
category)
Coastal Energy Pvt Ltd                 LT - Fund Based/ CC  ICRA D      1135   -
(Rating Continues to remain under issuer not cooperating category)
Coastal Energy Pvt Ltd                 LT/ST- Unallocated   ICRA D/ICRA 3355   -
                                                            D
(Rating Continues to remain under issuer not cooperating category)
Dlf Assets Ltd                         LT Fund based        ICRA AA-    11870  Reaffirmed
                                                            (Stable)
Dlf Cyber City Developers Ltd          LT Fund based        ICRA AA-    64370  Reaffirmed
                                                            (Stable)
Dlf Cyber City Developers Ltd          NCDs                 ICRA AA-    4000   Reaffirmed
                                                            (Stable)
Dlf Emporio Ltd                        LT Fund based        ICRA AA-    5060   Reaffirmed
                                                            (Stable)
Dlf Info City Developers               LT Fund based        ICRA AA-    2130   Reaffirmed
(Chandigarh) Ltd                                            (Stable)
Dlf Info City Developers               LT Fund based        ICRA AA-    3210   Reaffirmed
(Kolkata) Ltd                                               (Stable)
Dlf Power And Services Ltd             LT Fund based        ICRA AA-    3980   Reaffirmed
                                                            (Stable)
Dlf Promenade Ltd                      NCD Programme        ICRA AA-    3730   Reaffirmed
                                                            (Stable)
Expert Educational And                 LT- Fund Based – TL  ICRA        500    -
Charitable Foundation                                       BB+(Stable)
(Rating Downgraded from ICRA BBB(Stable) and Continues to remain under ‘Issuer Not Cooperating’
category)
Ibrox Real Estate Development          LT- Fund Based- TL   ICRA BBB    3050   Reaffirmed
Pvt Ltd
Iifl Facilities Services Ltd           LT Debt Programme    ICRA        -      -
                                                            AA-(Stable)
(reaffirmed and withdrawn)
Jeans Knit Pvt Ltd                     Fund Based – TL      ICRA BBB+   1295.7 Assigned
                                                            (Stable)
Knk Nexgen Construction Pvt Ltd        LT - Fund Based/ CC  ICRA D      150    -
(Rating downgraded from ICRA BB (Stable) ISSUER NOT COOPERATING and continues to remain under
‘Issuer Not Cooperating’ category)
Knk Nexgen Construction Pvt Ltd        LT / ST - UnallocatedICRA D/ICRA 50     -
                                                            D
(Rating downgraded from ICRA BB (Stable)/ICRA A4 ISSUER NOT COOPERATING and continues to remain
under ‘Issuer Not Cooperating’ category)
Kohinoor Hospitals Pvt Ltd             FB – TL              ICRA D      356.1  -
(Rating downgraded from ICRA B- (Stable) and moved to ‘Issuer Not Cooperating’ category)
Kohinoor Hospitals Pvt Ltd             Unallocated amount   ICRA D      218    -
(Rating downgraded from ICRA B- (Stable) and moved to ‘Issuer Not Cooperating’ category)
Larsen & Toubro Ltd                    NCD Programme (NCD)  ICRA        13310  Assigned
                                                            AAA(Stable)
Larsen & Toubro Ltd                    NCD Programme (NCD)  ICRA        12500  Outstanding
                                                            AAA(Stable)
Metal Alloys Corporation               CC^                  ICRA BB-    120    Withdrawn
                                                            (Stable)
(^includes PCFC as a sub limit)
Nambi Buildwell Ltd                    Fund based-TL        ICRA AA-    5030   -
                                                            (Stable)
(upgraded from ICRA A+ (Positive))
Nanjappa Trust                         LT - Fund Based/ CC  ICRA BB+    25     -
                                                            (Stable)
(Rating downgraded from ICRA BBB- (Stable) and continues to remain under ‘Issuer Not
Cooperating’ category)
Nanjappa Trust                         LT - Fund Based TL   ICRA BB+    105    -
                                                            (Stable)
(Rating downgraded from ICRA BBB- (Stable) and continues to remain under ‘Issuer Not
Cooperating’ category)
Nanjappa Trust                         LT - Unallocated     ICRA BB+    220    -
                                                            (Stable)
(Rating downgraded from ICRA BBB- (Stable) and continues to remain under ‘Issuer Not
Cooperating’ category)
Nelamangala Devihalli                  Fund Based – TL      Provisional 2750   Assigned
Expressway Pvt Ltd                                          ICRA
                                                            AA-(Stable)
Oxyzo Financial Services Pvt           Long-TL              ICRA A-(CE) 80     Outstanding
Ltd                                                         (Stable)
Oxyzo Financial Services Pvt           NCD                  ICRA        20     Assigned
Ltd                                                         BBB(Stable)
Oxyzo Financial Services Pvt           NCD                  ICRA        1100   Outstanding
Ltd                                                         BBB(Stable)
Oxyzo Financial Services Pvt           LT Bk Lines          ICRA        2000   Outstanding
Ltd                                                         BBB(Stable)
Oxyzo Financial Services Pvt           Issuer Rating        ICRA        -      Outstanding
Ltd                                                         BBB(Stable)
Oxyzo Financial Services Pvt           LT-Market Linked     PP-MLDICRA  440    Outstanding
Ltd                                    Debenture            BBB(Stable)
Oxyzo Financial Services Pvt           NCD                  Provisional 230    Assigned
Ltd                                                         ICRA A-
                                                            (CE)(Stable)
Padma Polymers                         FB – CC              ICRA B+     80     -
                                                            (Stable)
(Rating continues to remain under the ‘Issuer Not Cooperating’ category.)
Padma Polymers                         Unallocated Limits   ICRA        10     -
                                                            B+(Stable)
                                                            / ICRA A4
(Rating continues to remain under the ‘Issuer Not Cooperating’ category)
Paxal Corporation                      LT - Fund Based/ CC  ICRA B      80     Withdrawn
                                                            (Stable)
(ISSUER NOT COOPERATING)
Popular Foundations Pvt Ltd            LT- FB Fac- CC       ICRA        55     -
                                                            B+(Stable)
(Rating Downgraded from ICRA BB-(Stable) and Continues to remain under ‘Issuer Not Cooperating’
category)
Prafful Overseas Pvt Ltd               TL                   ICRA D      1119.2 Withdrawn
(ISSUER NOT COOPERATING)
Prafful Overseas Pvt Ltd               CC                   ICRA D      453    Withdrawn
(ISSUER NOT COOPERATING)
Prafful Overseas Pvt Ltd               LOC/ BG              ICRA D      778.5  Withdrawn
(ISSUER NOT COOPERATING)
Prn Infratech                          LT - Fund Based/ CC  ICRA BBB-   280    Withdrawn
                                                            (Stable)
(ISSUER NOT COOPERATING)
Prn Infratech                          LT - Non Fund Based  ICRA BBB-   450    Withdrawn
                                                            (Stable)
(ISSUER NOT COOPERATING)
S.K.L. Exports                         LT- FB Fac- CC       ICRA        70     -
                                                            B+(Stable)
(Rating Downgraded from ICRA BB(Stable) and Continues to remain under ‘Issuer Not Cooperating’
category)
Snn Builders Pvt Ltd                   LT- Fund Based- TL   ICRA BBB    850    Reaffirmed
Snn Builders Pvt Ltd                   LT- Unallocated      ICRA BBB    670    Reaffirmed
Snn Homes Llp                          LT- Fund Based- TL   ICRA BBB    1240   Reaffirmed
Snn Properties Llp                     LT- Fund Based- CC   ICRA BBB    1990   Reaffirmed
(Outlook revised to Negative from Stable)
Sri Karpaga Vinayagar Textiles         LT- FB Fac- CC       ICRA        15     -
                                                            B+(Stable)
(Rating Downgraded from ICRA BB-(Stable) and Continues to remain under ‘Issuer Not Cooperating’
category)
Sri Karpaga Vinayagar Textiles         LT- Fund Based – TL  ICRA        47.5   -
                                                            B+(Stable)
(Rating Downgraded from ICRA BB-(Stable) and Continues to remain under ‘Issuer Not Cooperating’
category)
Sri Lalitha Enterprises                FB - Working Capital ICRA BB+    3450   -
Industries Pvt Ltd                     Fac                  (Stable)
(Rating downgraded from ICRA BBB(Stable) and continues to remain under ‘Issuer Not Cooperating’
category)
Sri Lalitha Enterprises                TL                   ICRA BB+    150    -
Industries Pvt Ltd                                          (Stable)
(Rating downgraded from ICRA BBB(Stable) and continues to remain under ‘Issuer Not Cooperating’
category)
Sterling & Wilson Energy               LT/ST – Non-fund base ICRA BB+    70     -
Systems Pvt Ltd                                             (Stable) /
                                                            ICRA A4+
(Rating downgraded from ICRA BBB- (Negative)/ ICRA A3 and moved to the ‘Issuer Not Cooperating’
category)
Sterling & Wilson Powergen Pvt         LT – TL              ICRA BB+    250    -
Ltd                                                         (Stable)
(Rating downgraded from ICRA BBB- (Negative) and moved to the ‘Issuer Not Cooperating’ category)
Sterling & Wilson Powergen Pvt         LT – Fund Based/CC   ICRA BB+    50     -
Ltd                                                         (Stable)
(Rating downgraded from ICRA BBB- (Negative) and moved to the ‘Issuer Not Cooperating’ category)
Sterling & Wilson Powergen Pvt         LT/ST – Non fund base ICRA BB+   1025   -
Ltd                                                         (Stable)
                                                            /ICRA A4+
(Rating downgraded from ICRA BBB- (Negative)/ ICRA A3 and moved to the ‘Issuer Not Cooperating’
category)
Sterling Generators Pvt Ltd            LT – Fund based/CC   ICRA BB+    300    -
                                                            (Stable)
(Rating downgraded from ICRA BBB- (Negative) and moved to the ‘Issuer Not Cooperating’ category)
Sterling Generators Pvt Ltd            LT/ST Non-fund Based ICRA BB+    250    -
                                                            (Stable)
                                                            /ICRA A4+
(Rating downgraded from ICRA BBB- (Negative)/ ICRA A3 and moved to the ‘Issuer Not Cooperating’
category)
Sterling Generators Pvt Ltd            LT/ST Unallocated    ICRA BB+    380    -
                                                            (Stable)
                                                            /ICRA A4+
(Rating downgraded from ICRA BBB- (Negative)/ ICRA A3 and moved to the ‘Issuer Not Cooperating’
category)
Tag Corporation                        LT- Fund Based – TL  ICRA        250    -
                                                            BB+(Stable)
(Rating Downgraded from ICRA BBB+ (Stable) and Continues to remain under ‘Issuer Not
Cooperating’ category)
Tag Corporation                      LT- Fund BasedWorking  ICRA        250    -
                                       Capital              BB+(Stable)
(Rating Downgraded from ICRA BBB+ (Stable) and Continues to remain under ‘Issuer Not
Cooperating’ category)
Tata Coffee Ltd                        FB Bk Fac            ICRA        1500   -
                                                            AA(Stable)/
                                                            ICRA A1+
(Reaffirmed/ Assigned)
Unique Gems                            LT - FB              ICRA        300    -
                                                            B+(Stable)
(Rating downgraded from ICRA BB+(Stable) and continues to remain in the ‘Issuer Not Cooperating’
category)
Windsor Industries Pvt Ltd             LT- FBL              ICRA BB+    99     -
                                                            (Stable)
(Rating downgraded from ICRA BBB(Stable) and continues to remain under ‘Issuer Not Cooperating’
category)
Yashita Buildcon Ltd                   LT - Fund Based TL   ICRA BBB    -      -
                                                            (Stable)
(Reaffirmed and Withdrawn)
Yedeshwari Agro Products Ltd           Fund based-TL        ICRA        350    -
                                                            B-(stable)
(Rating continues to remain in the ‘Issuer Not Cooperating’ category)
Yedeshwari Agro Products Ltd           Unallocated          ICRA        273    -
                                                            B-(stable)
(Rating continues to remain in the ‘Issuer Not Cooperating’ category)
Alapatt Jewellers (Alapatt Heritage),  CC                   ICRA D      170    Issuer Not
Ernakulam                                                                      Cooperating
Alapatt Jewellers (Alapatt Heritage),  Unallocated facility ICRA D      50     Issuer Not
Ernakulam                                                                      Cooperating
Birla Corporation Ltd                  9.25% NCD            ICRA AA     2000   Review
                                                            (Stable)           process is
                                                                               underway
Birla Corporation Ltd                  9.25% NCD            ICRA AA     500    Review
                                                            (Stable)           process is
                                                                               underway
Birla Corporation Ltd                  9.15% NCD            ICRA AA     1500   Review
                                                            (Stable)           process is
                                                                               underway
Alapatt Fashion Jewellery, Kozhikode   CC                   ICRA D      70     Issuer Not
                                                                               Cooperating
New Era Enviro Ventures Pvt. Ltd.      FB - TL              ICRA BB-    108.5  Issuer Not
                                                            (Stable)           Cooperating
New Era Enviro Ventures Pvt. Ltd.      Unallocated          ICRA BB-    41.5   Issuer Not
                                                            (Stable)           Cooperating
Nlc India Ltd                          LT: TL               ICRA AAA    14000  Review
                                                            (Stable)           process is
                                                                               underway
Nlc India Ltd                          LT: Borrowing        ICRA AAA    20000  Review
                                       Programme            (Stable)           process is
                                                                               underway
Nlc India Ltd                          LT, Non- Convertible ICRA AAA    20000^ Review
                                       Debentures           (Stable)           process is
                                                                               underway
^ Company can raise NCD upto Rs. 2000 crore
Popees Baby Care Products Pvt Ltd      LT – FB Fac          ICRA BB+    97.5   Issuer yet
                                                            (Stable)           to provide
                                                                               information
Popees Baby Care Products Pvt Ltd      LT – TL              ICRA BB+    65.6   Issuer yet
                                                            (Stable)           to provide
                                                                               information
Popees Baby Care Products Pvt Ltd      LT – Unallocated     ICRA BB+    12.9   Issuer yet
                                                            (Stable)           to provide
                                                                               information
Quick Builders                         Bk Fac               ICRA BB     330    Issuer not
                                                            (Stable)           cooperating
S.S. Enterprises Electricals           LT – Fund based      ICRA BB-    40     Issuer yet
                                                            (Stable)           to provide
                                                                               information
Sri Ramachandra Institute Of Higher    TL                   ICRA A+     1250   Review
Education And Research Trust                                (Stable)           process in
                                                                               underway
Srinivasa Edifice Pvt Ltd              FBL                  ICRA BB     140    Review
                                                            (Stable)           process in
                                                                               underway
Srinivasa Edifice Pvt Ltd              Unallocated limits   ICRA BB     460    Review
                                                            (Stable)/          process in
                                                            ICRA A4+           underway
Trans Tyres (India) Pvt Ltd            Bk Fac               ICRA BB     250    Issuer
                                                            (Stable)/          delayed in
                                                            ICRA A4+           giving
                                                                               information
--------------------------------------------------------------------------------------------
$: 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@refinitiv.com)
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