July 16, 2020 / 7:11 AM / 21 days ago

ICRA ratings for Indian debt instruments-Jul 16

    Jul 16 - Below are the ratings awarded by Investment Information Credit Rating Agency Ltd.
(ICRA) for local debt instruments as of July 15, 2020.

COMPANY                                INSTRUMENT           RATING      AMOUNT   MOVEMENT
                                                                        (RS.MLN)
------                                 ----------           ------      -----    ---------
SHORT TERM RATINGS:
-------------------
K G N Electricals                      ST - Non Fund Based  ICRA A4     200
(Rating continue to remain under the ‘Issuer Not Cooperating’ category)
Prism Johnson Ltd                      FB – Working Capital ICRA A1     800    Reaffirmed
                                       Fac
Prism Johnson Ltd                      Non-fund based –     ICRA A1     1920   Reaffirmed
                                       Working Capital Fac
S&Ib Services Pvt Ltd                  Non-fund Based –     ICRA A2+    380    Reaffirmed
                                       Working Capital
                                       Facility
S&Ib Services Pvt Ltd                  FB – Standby Line of ICRA A2+    90     Reaffirmed
                                       Credit
Sify Technologies Ltd                  ST: Non-FBL          ICRA A1+    630    outstanding
Silica Ceramica Pvt Ltd                Non-FBL              ICRA A1(CE) 432.5  Reaffirmed

LONG TERM RATINGS:
-------------------
Adoration Ceramica Pvt. Ltd.           -                    -
(Issuer Not Cooperating due to Non-Submission of No Default Statement (NDS))
Ananda Aqua Exports Pvt Ltd            -                    -
(Issuer Not Cooperating due to Non-Submission of No Default Statement (NDS))
Ananda Enterprises India Pvt Ltd       -                    -
(Issuer Not Cooperating due to Non-Submission of No Default Statement (NDS))
Arohan Financial Services Ltd -        PTC Series A1        ICRA BBB+(SO)      Withdrawn
Aavishkaar MSME February 2019
Aye Finance (P) Ltd.                   PTC Series A2        ICRA A(SO)  35.1
(provisional rating confirmed as final)
Aye Finance (P) Ltd.                   PTC Series A1        ICRA AA(SO) 772.5
(provisional rating confirmed as final)
Chandan Textiles                       LT - Fund Based/ CC  ICRA B      30
                                                            (Stable)
(Rating continue to remain under the ‘Issuer Not Cooperating’ category)
Chandan Textiles                       LT - Fund Based TL   ICRA B      33
                                                            (Stable)
(Rating continue to remain under the ‘Issuer Not Cooperating’ category)
Dh Ltd                                 -                    -
(Issuer Not Cooperating due to Non-Submission of No Default Statement (NDS))
H D Enterprises                        -                    -
(Issuer Not Cooperating due to Non-Submission of No Default Statement (NDS))
K G N Electricals                      LT - Fund Based/ CC  ICRA B+     50
                                                            (Stable)
(Rating continue to remain under the ‘Issuer Not Cooperating’ category)
Kuldevi Cotton Industries              -                    -
(Issuer Not Cooperating due to Non-Submission of No Default Statement (NDS))
Marbilano Tiles Llp                    -                    -
(Issuer Not Cooperating due to Non-Submission of No Default Statement (NDS))
M-Bo Granito Llp                       -                    -
(Issuer Not Cooperating due to Non-Submission of No Default Statement (NDS))
Midland Microfin Ltd -Northern Arc 2019PTC Series A2        ICRA BBB+(SO)      Withdrawn
Mfi Gromov
Pranee Infrastructure Pvt. Ltd.        LT / ST - Fund       ICRA D/ICRA 100
                                       based/Non Fund Based
(Rating continue to remain under the ‘Issuer Not Cooperating’ category)
Prism Johnson Ltd                      NCD Programme        ICRA A-%    800
(placed on watch with positive implications)
Prism Johnson Ltd                      NCD Programmes       ICRA A-%
(placed on watch with positive implications and Withdrawn)
Prism Johnson Ltd                      FB – TL              ICRA A-%    10805
(placed on watch with positive implications)
Prism Johnson Ltd                      FB – Working Capital ICRA A-%    2979
                                       Fac
(placed on watch with positive implications)
Prism Johnson Ltd                      FB – Working Capital ICRA A-% /A1400
                                       Fac
(placed on watch with positive implications / ICRA A1 Reaffirmed)
Prism Johnson Ltd                      Non-fund based –     ICRA A-% /A11100
                                       Working Capital Fac
(placed on watch with positive implications / ICRA A1 Reaffirmed)
Rosa Power Supply Co. Ltd              TL                   ICRA B+     26670  Reaffirmed
                                                            (Stable)
Rosa Power Supply Co. Ltd              Working Capital Fac  ICRA B+     14000  Reaffirmed
                                       (CC/Working Capital  (Stable)/
                                       Demand Loan)         ICRA A4
Rosa Power Supply Co. Ltd              Non-FBL (BG and LOC) ICRA B+     1000   Reaffirmed
                                                            (Stable)/
                                                            ICRA A4
S&Ib Services Pvt Ltd                  FB – CC              ICRA A-     220    Reaffirmed
                                                            (Stable)
S&Ib Services Pvt Ltd                  FB – TL              ICRA A-     38.3   Reaffirmed
                                                            (Stable)
Sanjog Sugars & Eco Power Pvt Ltd      -                    -
(Issuer Not Cooperating due to Non-Submission of No Default Statement (NDS))
Saravana Buildwell Pvt Ltd             LT - Fund Based TL   ICRA D      100
(Rating continue to remain under the ‘Issuer Not Cooperating’ category)
Sasan Power Ltd                        TL                   ICRA BB+    192820 Reaffirmed
                                                            (Negative)
Sasan Power Ltd                        LT Fund Based WorkingICRA BB+    5675   Reaffirmed
                                       Capital Fac          (Negative)
Sasan Power Ltd                        LT Non-FBL (LOC –    ICRA BB+           Reaffirmed
                                       sublimit of TL)      (Negative)
Sasan Power Ltd                        Non-FBL (BG)         ICRA BB+    3000   Reaffirmed
                                                            (Negative) /
                                                            ICRA A4
Shriya Rice Mills                      -                    -
(Issuer Not Cooperating due to Non-Submission of No Default Statement (NDS))
Sify Technologies Ltd                  LT: FB TL            ICRA        2991.2 outstanding
                                                            A+(Stable)
Sify Technologies Ltd                  LT: FB Limits        ICRA        2750   outstanding
                                                            A+(Stable)
Sify Technologies Ltd                  LT: Non-FBL          ICRA        2890   outstanding
                                                            A+(Stable)
Sify Technologies Ltd                  LT/ST: Non-FBL       ICRA        1580   outstanding
                                                            A+(Stable)/
                                                            ICRA A1+
Silica Ceramica Pvt Ltd                NCD Programme        ICRA A-(CE)%500
(placed on watch with positive implications)
Silica Ceramica Pvt Ltd                TL                   ICRA A-(CE)%750
(placed on watch with positive implications)
Silica Ceramica Pvt Ltd                FB Limits            ICRA A-(CE)%400
(placed on watch with positive implications)
Silica Ceramica Pvt Ltd                Rating without       ICRA
                                       explicit credit      BB+/ICRA A4+
                                       enhancement
Subam Papers Pvt Ltd                   LT Fund based – CC   ICRA A-     600    Assigned
                                                            (Stable)
Subam Papers Pvt Ltd                   LT Fund based – TL   ICRA A-     235    Assigned
                                                            (Stable)
The Mahatma Gandhi Sahakara Sakkare    -                    -
Karkhane
(Issuer Not Cooperating due to Non-Submission of No Default Statement (NDS))
Ur Realtors Pvt Ltd                    -                    -
(Issuer Not Cooperating due to Non-Submission of No Default Statement (NDS))

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