June 10, 2020 / 10:55 AM / a month ago

ICRA ratings for Indian debt instruments-Jun 10

   Jun 10 - Below are the ratings awarded by Investment Information Credit Rating Agency Ltd.
(ICRA) for local debt instruments as of June 9, 2020.


COMPANY                                INSTRUMENT           RATING      AMOUNT MOVEMENT
                                                                       (RS.MLN)
------                                 ----------           ------      -----  ---------
SHORT TERM RATINGS:
-------------------
Bondada Engineering Pvt Ltd            Non Fund based       ICRA A3+    100    -
(Assigned/outstanding)
Chw Forge Pvt Ltd                      CP                   ICRA A1     -      Withdrawn
Jay Bharat Maruti Ltd                  CP Programme         ICRA A1     750    outstanding
Biax Electric & Controls Pvt.          ST Non-fund based    ICRA D      20     -
Ltd
(Rating continues to remain under the ‘Issuer Not Cooperating’ category)
Standard Retail Pvt Ltd                ST - Interchangeable ICRA A4+    -      -
(Downgraded from ICRA A3)
Standard Retail Pvt Ltd                ST - Non Fund Based  ICRA A4+    3950   -
(Downgraded from ICRA A3)
Standard Retail Pvt Ltd                ST - Unallocated     ICRA A4+    250    -
(Downgraded from ICRA A3)


LONG TERM RATINGS:
-------------------
Attra Infotech Pvt Ltd                 Fund Based – Working ICRA BBB+   280    Reaffirmed
                                       Capital Fac          (Stable)
Attra Infotech Pvt Ltd                 Fund Based – TL      ICRA BBB+   50     Reaffirmed
                                                            (Stable)
Attra Infotech Pvt Ltd                 LT/ST – Unallocated  ICRA BBB+   20     Reaffirmed
                                                            (Stable) /
                                                            ICRA A2
Biax Electric & Controls Pvt.          LT – Fund based CC   ICRA D      55     -
Ltd
(Rating continues to remain under the ‘Issuer Not Cooperating’ category.)
Bondada Engineering Pvt Ltd            Fund based – CC      ICRA BBB    310    -
                                                            (Stable)
(Assigned/outstanding)
Bondada Engineering Pvt Ltd            Fund based – TL      ICRA BBB    24.9   outstanding
                                                            (Stable)
Bondada Engineering Pvt Ltd            Unallocated          ICRA BBB    5.1    outstanding
                                                            (Stable)/
                                                            ICRA A3+
Door Sanchar Hydro Power Pvt           FBLTL                ICRA D      241.5  -
Ltd
(Rating continues to remain under the ‘Issuer Not Cooperating’ category)
Door Sanchar Hydro Power Pvt           Unallocated Limits   ICRA D      1.8    -
Ltd
(Rating continues to remain under the ‘Issuer Not Cooperating’ category)
Gem Batteries Pvt Ltd                  LT- Fund Based       ICRA D      180    -
(Rating continues to remain under the ‘Issuer Not Cooperating’ category)
Green Mobiles                          FB -Working Capital  ICRA BB+    4600   Withdrawn
                                       Fac                  (Stable)
Green Mobiles                          Unallocated          ICRA BB+    400    Withdrawn
                                                            (Stable)
Jay Bharat Maruti Ltd                  TL                   ICRA A+     4081.2 -
                                                            (Stable)
(Assigned to enhanced limit)
Jay Bharat Maruti Ltd                  NCD Programme        ICRA A+     1500   outstanding
                                                            (Stable)
Jay Bharat Maruti Ltd                  CC/WCDL              ICRA A+     4200   -
                                                            (Stable) /
                                                            ICRA A1
(Assigned to enhanced limit)
Jay Bharat Maruti Ltd                  Buyer’s Credit       ICRA A+     100    outstanding
                                       Facility/LOC/BG      (Stable) /
                                                            ICRA A1
Jay Bharat Maruti Ltd                  Unallocated          ICRA A+     338.8  -
                                                            (Stable) /
                                                            ICRA A1
(Assigned to enhanced limit)
K.P. Blue Metal                        LT – FB – TL         ICRA B+     109.7  Assigned
                                                            (Stable)
K.P. Blue Metal                        LT – FB - CC         ICRA B+     40     Assigned
                                                            (Stable)
K.P. Blue Metal                        LT – Unallocated     ICRA B+     0.3    Assigned
                                                            (Stable)
Kothari Cars Pvt Ltd                   LT, Fund based –     ICRA BBB    300    Reaffirmed
                                       Working Capital Fac  (Stable)
LML Ltd                                Preference Share     ICRA D      1250   -
                                       Capital
(Rating continues to remain under the ‘Issuer Not Cooperating’ category)
Meera And Co. Ltd                      FB LCC               ICRA D      95     -
(Rating continues to remain under the ‘Issuer Not Cooperating’ category)
Meera And Co. Ltd                      NFBL                 ICRA D      1      -
(Rating continues to remain under the ‘Issuer Not Cooperating’ category)
One Point Realty Pvt Ltd               LT –Non-fund Based   ICRA BB     100    Reaffirmed
                                                            (Stable)
One Point Realty Pvt Ltd               LT – Unallocated     ICRA BB     42.7   Reaffirmed
                                                            (Stable)
Raj Events And Entertainment           Fund based - CC      ICRA D      265    -
Pvt Ltd
(Rating continues to remain under the ‘Issuer Not Cooperating’ category)
Shri Krishna Autosales Pvt Ltd         LT - Fund Based      ICRA B      260    -
                                                            (Stable)
(Rating downgraded from ICRA BB-(Stable) and moved to the ‘Issuer Not Cooperating’ category)
Standard Retail Pvt Ltd                LT - Fund Based      ICRA BB+    50     -
                                                            (Negative)
(downgraded from ICRA BBB- (Negative))
Standard Retail Pvt Ltd                LT - Interchangeable ICRA BB+    -      -
                                                            (Negative)
(downgraded from ICRA BBB- (Negative))
--------------------------------------------------------------------------------------------
$: 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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