July 24, 2020 / 11:30 AM / 15 days ago

ICRA ratings for Indian debt instruments-Jul 24

    Jul 24 - Below are the ratings awarded by Investment Information Credit Rating Agency Ltd.
(ICRA) for local debt instruments as of July 23, 2020.


COMPANY                                INSTRUMENT           RATING      AMOUNT MOVEMENT
                                                                       (RS.MLN)
------                                 ----------           ------      -----  ---------
SHORT TERM RATINGS:
-------------------
Dki Apparel Pvt Ltd                    Interchangeable- LOC^ ICRA A3    -      -
(Upgraded from ICRA A4+. ^ sublimit of cash credit)
Grasim Industries Ltd                  CP (CP) Programme    ICRA A1+    30000  outstanding
Hdfc Securities Ltd                    CP programme         ICRA A1+    15000  Reaffirmed
Hindustan Petroleum                    CP                   ICRA A1+    150000 Reaffirmed
Corporation Ltd
Hindustan Petroleum                    Non-FBL              ICRA A1+    227460 Reaffirmed
Corporation Ltd
Kent Ro Systems Ltd                    ST: Non-FBL – ILC    ICRA A1+    300    Reaffirmed
Khadim India Ltd                       Non-Fund based – LOC/ ICRA A3+   415    -
                                       BG/ Derivative
(Rating downgraded from ICRA A2)
Khadim India Ltd                       Non-Fund based – LOC/ ICRA A3+   -      -
                                       BG
(Rating downgraded from ICRA A2)
Khadim India Ltd                       Fund based – Purchase ICRA A3+   375    -
                                       Bill Discounting/ ST
                                       Loans
(Rating downgraded from ICRA A2)
M J Casting Ltd                        Non-FBL              ICRA A2+    15     withdrawn
Secon Pvt Ltd                          Non-FBL              ICRA A1     585    Reaffirmed
Team Computers Pvt Ltd                 ST - Fund based      ICRA A2     150    -
(Reason for delay in carrying out periodic review: - Review process is underway)
Umiya Wood Works Pvt. Ltd              Non-fund based – LOC ICRA A4+    190    Reaffirmed


LONG TERM RATINGS:
-------------------
Arinsun Clean Energy Pvt Ltd           TL                   ICRA        9045   -
                                                            A(Stable)
(Upgraded from ICRA A-(Positive))
Arinsun Clean Energy Pvt Ltd           CC                   ICRA        455    -
                                                            A(Stable)
(Upgraded from ICRA A-(Positive))
Designco                               BLR                  ICRA BBB+   1343.7 -
                                                            (Stable) /
                                                            ICRA A2
(Reason for delay in carrying out periodic review: - Review process is underway)
Designco                               Issuer rating        ICRA BBB+   -      -
                                                            (Stable) /
                                                            ICRA A2
(Reason for delay in carrying out periodic review: - Review process is underway)
Dki Apparel Pvt Ltd                    CC                   ICRA BBB-   60     -
                                                            (Stable)
(Upgraded from ICRA BB+ (Stable))
Grasim Industries Ltd                  Proposed NCD (NCD)   ICRA AAA    3000   Assigned
                                       Programme            (Stable)
Grasim Industries Ltd                  NCD Programme        ICRA AAA    17000  outstanding
                                                            (Stable)
Hdfc Securities Ltd                    LT/ST unallocated Bk ICRA AAA    1000   Reaffirmed
                                       lines                (Stable)/
                                                            ICRA A1+
Hdfc Securities Ltd                    LT FB Bk lines       ICRA        2000   Reaffirmed
                                                            AAA(Stable)
Hindustan Petroleum                    NCD Programme        ICRA AAA    100000 Assigned
Corporation Ltd                                             (Stable)
Hindustan Petroleum                    NCD Programme        ICRA AAA    75000  Reaffirmed
Corporation Ltd                                             (Stable)
Hindustan Petroleum                    Issuer Rating        ICRA AAA    -      Reaffirmed
Corporation Ltd                                             (Stable)
Hindustan Petroleum                    CC Limits            ICRA AAA    40000  Reaffirmed
Corporation Ltd                                             (Stable)
Hindustan Petroleum                    FB Limits            ICRA AAA    182540 Reaffirmed
Corporation Ltd                                             (Stable)
Kent Ro Systems Ltd                    LT: FB Limits – CC   ICRA AA     110    Reaffirmed
                                                            (Stable)
Kent Ro Systems Ltd                    LT: Non-FBL – BG     ICRA AA     5      Reaffirmed
                                                            (Stable)
Khadim India Ltd                       Fund based – CC      ICRA BBB    1250   -
                                                            (Negative)
(Rating downgraded from ICRA BBB+ (Negative))
M J Casting Ltd                        LT/ST fund           ICRA A-     150    withdrawn
                                       based/non-FBL        (Stable)/
                                                            A2+
M J Casting Ltd                        Unallocated          ICRA A-     461.9  withdrawn
                                                            (Stable) /
                                                            A2+
M J Casting Ltd                        TL                   ICRA        173.1  withdrawn
                                                            A-(Stable)
Mahindra Electric Mobility Ltd         Long-TL              ICRA A+     2600   -
                                                            (Stable)
(assigned / reaffirmed)
Mahindra Electric Mobility Ltd         FB / Non-FB Fac      ICRA A+     2050   -
                                                            (Stable)/
                                                            ICRA A1
(assigned / reaffirmed)
S.N.N. Textiles Pvt Ltd                LT – FB – CC         ICRA        70     Reaffirmed
                                                            B(Stable)
S.N.N. Textiles Pvt Ltd                LT – FB - TL         ICRA        180    Reaffirmed
                                                            B(Stable)
Secon Pvt Ltd                          FB Limits            ICRA A      65     Reaffirmed
                                                            (Stable)
Skh Sheet Metals Components            FB - Working Capital ICRA BBB-   1000   -
Pvt Ltd                                Fac                  (Stable) /
                                                            ICRA A3
(Reason for delay in carrying out periodic review: Issuer delayed in giving information)
Skh Sheet Metals Components          Non-fund Based Working ICRA BBB-  160    -
Pvt Ltd                                Capital Fac          (Stable) /
                                                            ICRA A3
(Reason for delay in carrying out periodic review: Issuer delayed in giving information)
Skh Sheet Metals Components            TL                   ICRA        1270.5 -
Pvt Ltd                                                     BBB-(Stable)
(Reason for delay in carrying out periodic review: Issuer delayed in giving information)
Skh Sheet Metals Components            Unallocated Limits   ICRA        569.5  -
Pvt Ltd                                                     BBB-(Stable)
(Reason for delay in carrying out periodic review: Issuer delayed in giving information)
Team Computers Pvt Ltd                 LT/ST – Fund based   ICRA BBB+   285    -
                                                            (Stable) /
                                                            ICRA A2
(Reason for delay in carrying out periodic review: - Review process is underway)
Team Computers Pvt Ltd              LT/ST – Non-fund Based  ICRA BBB+   635    -
                                                            (Stable) /
                                                            ICRA A2
(Reason for delay in carrying out periodic review: - Review process is underway)
Team Computers Pvt Ltd                 LT/ST – Unallocated  ICRA BBB+   180    -
                                                            (Stable) /
                                                            ICRA A2
(Reason for delay in carrying out periodic review: - Review process is underway)
Team Computers Pvt Ltd                 LT/ST –              ICRA BBB+   -      -
                                       Interchangeable      (Stable) /
                                                            ICRA A2
(Reason for delay in carrying out periodic review: - Review process is underway)
Umiya Wood Works Pvt. Ltd              FB - CC              ICRA BB     20     Reaffirmed
                                                            (Stable)
Zillion Infraprojects Pvt Ltd          FB Fac               ICRA D      800    -
(Rating remains in ‘Issuer Not Cooperating’ category)
Zillion Infraprojects Pvt Ltd          Non-FB Fac           ICRA D      2500   -
(Rating remains in ‘Issuer Not Cooperating’ category)
--------------------------------------------------------------------------------------------
$: 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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