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ICRA ratings for Indian debt instruments-Nov 5

    Nov 5 - Below are the ratings awarded by Investment Information Credit Rating Agency Ltd.
(ICRA) for local debt instruments as of November 4, 2020.

COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Autocomp Corporation Panse Pvt Ltd      ST - Non-fund based   ICRA A3+     270    Reaffirmed
Kss Abhishek Safety Systems Pvt. Ltd.   Non-fund Based        ICRA A2+ &   80     Withdrawn
& Ratings placed under watch with developing implications
Neeru Menthol Pvt Ltd                   Non-fund Based        ICRA A3      279.4  Withdrawn
Octiva Ceramic                          Non-fund Based- BG    ICRA A4      15     Assigned
Snj Sugars And Products Ltd             ST - Non-fund Based   ICRA A2      20
Downgraded from ICRA A2+
Snj Sugars And Products Ltd             ST - Interchangeable  ICRA A2
Downgraded from ICRA A2+

LONG TERM RATINGS:
-------------------
Autocomp Corporation Panse Pvt Ltd      LT - Fund Based / TL  ICRA         536.9  Reaffirmed
                                                              BBB(Stable)
Autocomp Corporation Panse Pvt Ltd      LT - Fund Based / CC  ICRA         760    Reaffirmed
                                                              BBB(Stable)
Autocomp Corporation Panse Pvt Ltd      LT - Unallocated      ICRA         264.5  Reaffirmed
                                                              BBB(Stable)
Bholasons Jewellers (Gold Souk)         LT: FBL               ICRA BBB-    460    Reaffirmed
                                                              (Stable)
Bholasons Jewellers (Gold Souk)         LT: Unallocated       ICRA BBB-
                                                              (Stable)
Reaffirmed and Withdrawn
Bholasons Jewellers (Gold Souk)         Issuer Rating         ICRA BBB-
                                                              (Stable)
Reaffirmed and Withdrawn
Europa Biocare Pvt Ltd                  Issuer Rating         ICRA
                                                              B-(Stable)
put on notice of withdrawal
Ge Power India Ltd (Erstwhile Alstom    Fund based - Working  ICRA AA-     100
India Ltd)                              Capital Fac           (Stable)
Ge Power India Ltd (Erstwhile Alstom    Non-fund based - BG/LCICRA         38000
India Ltd)                                                    AA-(Stable)/
                                                              ICRA A1+
Ge Power India Ltd (Erstwhile Alstom    Unallocated           ICRA         1900
India Ltd)                                                    AA-(Stable)/
                                                              ICRA A1+
Gopalan Enterprises                     LT - TL               ICRA BBB+    396.4
                                                              (Stable)
Rating removed from ‘Issuer Not Cooperating’ category and Upgraded from ICRA BB+ (Stable)
Gopalan Enterprises                     LT - CC               ICRA BBB+    2000
                                                              (Stable)
Rating removed from ‘Issuer Not Cooperating’ category and Upgraded from ICRA BB+ (Stable)
Gopalan Enterprises                     LT - Unallocated      ICRA BBB+
                                                              (Stable)
Rating removed from ‘Issuer Not Cooperating’ category and Upgraded from ICRA BB+ (Stable)
Gopalan Enterprises (India) Pvt. Ltd    LT - TL               ICRA BBB+    4575.9
                                                              (Stable)
Rating removed from ‘Issuer Not Cooperating’ category and Upgraded from ICRA BB+ (Stable)
Gopalan Enterprises (India) Pvt. Ltd    LT - Unallocated      ICRA BBB+
                                                              (Stable)
Rating removed from ‘Issuer Not Cooperating’ category and Upgraded from ICRA BB+ (Stable)
Il&Fs Solar Power Ltd                   TL                    ICRA D       450    Rating
Downgraded from ICRA B+(Negative) Issuer Not Cooperating and continues to remain under ‘Issuer
Not Cooperating’ category’
Il&Fs Solar Power Ltd                   NCD - I               ICRA D       1500   Rating
Downgraded from ICRA B+(Negative) Issuer Not Cooperating and continues to remain under ‘Issuer
Not Cooperating’ category’
Il&Fs Solar Power Ltd                   NCD - II              ICRA D       2100   Rating
Downgraded from ICRA B+(Negative) Issuer Not Cooperating and continues to remain under ‘Issuer
Not Cooperating’ category’
Intas Pharmaceuticals Ltd               LT/ ST,               ICRA AA      15000  Reaffirmed
                                        Fundbased/Non-FBL     (Stable)/
                                                              ICRA A1+
Kss Abhishek Safety Systems Pvt. Ltd.   Fund Based            ICRA A- &    50     Withdrawn
& Ratings placed under watch with developing implications
Mear Logistics Llp                      Fund based - TL       ICRA         42.9   Assigned
                                                              B+(Stable)
Mear Logistics Llp                      Fund based - Working  ICRA         7.7    Assigned
                                        capital Fac           B+(Stable)
MI Solar (India) Pvt Ltd                Fund Based - TL       ICRA         32.5
                                                              B-(Stable)
Downgraded from ICRA B+ (Stable)
Neeru Menthol Pvt Ltd                   Fund Based            ICRA BBB-    542.8  Withdrawn
                                                              (Stable)
Neeru Menthol Pvt Ltd                   Unallocated           ICRA BBB-    27.8   Withdrawn
                                                              (Stable)/ A3
Octiva Ceramic                          FB- TL                ICRA BB-     60.4   Assigned
                                                              (Stable)
Octiva Ceramic                          FB- Working Capital TLICRA BB-     13.1   Assigned
                                                              (Stable)
Octiva Ceramic                          FB- CC                ICRA BB-     55     Assigned
                                                              (Stable)
Octiva Ceramic                          Unallocated Limits    ICRA BB-     13.8   Assigned
                                                              (Stable)/
                                                              ICRA A4
Ramakrishna Housing (P) Ltd             Fund based-TL         ICRA D       3150
Rating continues to remain under ‘Issuer Not Cooperating’ category
Samhrutha Habitat Infrastructure Pvt.   LT - TL               ICRA BB-     130
Ltd.                                                          (Stable)
Rating moved to the ‘Issuer Not Cooperating’ category
Samhrutha Habitat Infrastructure Pvt.   LT - Unallocated      ICRA BB-     70
Ltd.                                                          (Stable)
Rating moved to the ‘Issuer Not Cooperating’ category
Simar Port Pvt Ltd                      TL                    ICRA BBB-    28720  Reaffirmed
                                                              (Negative)
Snj Breweries Pvt Ltd                   LT - Fund Based TL    ICRA         420
                                                              BBB+(Stable)
Downgraded from ICRA A- and removed from Rating Watch with Negative Implications; Stable outlook
assigned
Snj Breweries Pvt Ltd                   LT - Fund Based/ CC   ICRA         350
                                                              BBB+(Stable)
Downgraded from ICRA A- and removed from Rating Watch with Negative Implications; Stable outlook
assigned
Snj Sugars And Products Ltd             LT - Fund Based TL    ICRA         342.3
                                                              BBB+(Stable)
Downgraded from ICRA A- and removed from Rating Watch with Negative Implications; Stable outlook
assigned
Snj Sugars And Products Ltd             LT - Fund Based/ CC   ICRA         850
                                                              BBB+(Stable)
Downgraded from ICRA A- and removed from Rating Watch with Negative Implications; Stable outlook
assigned
Snj Sugars And Products Ltd             LT unallocated        ICRA         287.7
                                                              BBB+(Stable)
Downgraded from ICRA A- and removed from Rating Watch with Negative Implications; Stable outlook
assigned
Sree Lpg Pvt Ltd                        LT- Unallocated       ICRA BB-     150    Assigned
                                                              (Stable)
Tier IV Datacenter LLP                  Issuer Rating         ICRA                Withdrawn
                                                              BBB+(Stable)
--------------------------------------------------------------------------------------------
$: 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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