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ICRA ratings for Indian debt instruments-Oct 7

    Oct 7 - Below are the ratings awarded by Investment Information Credit Rating Agency Ltd.
(ICRA) for local debt instruments as of October 6, 2020.

COMPANY                                INSTRUMENT            RATING       AMOUNT  MOVEMENT
                                                                          (RS.MLN)
------                                 ----------            ------       -----   ---------
SHORT TERM RATINGS:
-------------------
Aditya Birla Capital Ltd               CP Programme          ICRA A1+     3000   Outstanding
Amaravathi Textiles Pvt Ltd            Non-FBL               ICRA A3      90     Outstanding
Angre Port Pvt Ltd                     Non-fund Based -      ICRA A2+(CE)        Reaffirmed
                                       Capex LC
Apollo International Ltd               FB – Working Capital  ICRA A4      330.5
                                       Fac
Rating downgraded from ICRA A4+ and moved to the ‘Issuer Not Cooperating’ category
Chloride Metals Ltd                    Non-FBL               ICRA A1+     3000   Reaffirmed
Chowgule And Company Pvt Ltd           FB - CC               ICRA A1      1450   Reaffirmed
Chowgule And Company Pvt Ltd           Non-fund based - LOC  ICRA A1      220.3  Reaffirmed
                                       and Forward
                                       Contract/Derivative Limit
Dhansar Engineering Co. Pvt Ltd        Non-FBL – LOC         ICRA A2             Reaffirmed
Duroflex Pvt Ltd                       ST Non-fund based     ICRA A2+     270    Reaffirmed
Econ Cylinders (P) Ltd                 ST – Non Fund Based   ICRA A4      5      Withdrawn
Globe Capital Market Ltd               CP                    ICRA A1+     500    Reaffirmed
Globe Fincap Ltd                       CP                    ICRA A1+
Reaffirmed and Withdrawn
Gokaldas Exports Ltd                   ST FB working capital ICRA A3+     5250   Reaffirmed
                                       Fac
Krazybee Services Pvt Ltd              CP                    ICRA A3      650
Reaffirmed/ Assigned
Miraj Drymix Pvt Ltd                   ST- Non-FBL           ICRA A2+     5      Assigned
Miraj Drymix Pvt Ltd                   ST – Interchangeable  ICRA A2+     60     Assigned
                                       Limits
Sundaram Home Finance Ltd              CP                    ICRA A1+     15000  Outstanding
Techno Process Equipments (India) Pvt  Non-fund based -      ICRA A3+     415    Reaffirmed
Ltd                                    LOC/BG^
^Sanctioned non fund based limit is Rs. 42 crore; the total utilisation of fund based and non
fund based limits should not exceed Rs. 48 crore
The Ramco Cements Ltd                  ST fund based         ICRA A1+     2500   Outstanding
The Ramco Cements Ltd                  ST non-fund based     ICRA A1+     4850   Outstanding
The Ramco Cements Ltd                  CP                    ICRA A1+     9000   Outstanding

MEDIUM TERM RATINGS:
-------------------
Sundaram Home Finance Ltd              Fixed Deposits        MAAA (Stable)       Outstanding

LONG TERM RATINGS:
-------------------
Aditya Birla Capital Ltd               NCD programme         ICRA         2000   Outstanding
                                                             AAA(stable)
Aditya Birla Capital Ltd               NCD programme         ICRA                Withdrawn
                                                             AAA(stable)
Amaravathi Textiles Pvt Ltd            FB -TL                ICRA BBB-    870.8  Outstanding
                                                             (Negative)
Amaravathi Textiles Pvt Ltd            FB - Working Capital  ICRA BBB-    931    Outstanding
                                       Fac                   (Negative)
Amaravathi Textiles Pvt Ltd            Unallocated Limits    ICRA BBB-    621.8  Outstanding
                                                             (Negative)
Angre Port Pvt Ltd                     Fund Based - TL       ICRA A- (CE) 1730.4 Reaffirmed
                                                             (Stable)
Angre Port Pvt Ltd                     Rating Without        ICRA BBB
                                       Explicit Credit
                                       Enhancement
Apollo International Ltd               Non-fund Based –      ICRA B+      1118.4
                                       Working Capital Fac   (Stable) /A4
Rating downgraded from ICRA BB+ (Stable)/ ICRA A4+ and moved to the ‘Issuer Not Cooperating’
category
Apollo International Ltd               Unallocated Limits    ICRA B+      551.1
                                                             (Stable) /A4
Rating downgraded from ICRA BB+ (Stable)/ ICRA A4+ and moved to the ‘Issuer Not Cooperating’
category
Aquatech Water Solutions Pvt Ltd       TL                    ICRA BBB     400    Reaffirmed
                                                             (Negative)
Bengal Ambuja Housing Development Ltd  FB Fac                ICRA BBB-    575    Reaffirmed
                                                             (Stable)
Bengal Ambuja Housing Development Ltd  Non-FB Fac*           ICRA BBB-    100    Reaffirmed
                                                             (Stable)
*Limits of Rs. 10 crore are fully fungible with fund-based facilities
Bengal Ambuja Housing Development Ltd  Unallocated Limits    ICRA BBB-    2345   Reaffirmed
                                                             (Stable)
Capital Trust Ltd- Newgenisha Trust    PTC Series A1         Provisional  245.3  Assigned
44075                                                        ICRA BBB (SO)
Chloride Metals Ltd                    Fund based – CC       ICRA AA      1150   Reaffirmed
                                                             (Stable)
Chowgule And Company Pvt Ltd           FB - TL               ICRA A       798.6  Reaffirmed
                                                             (Stable)
Chowgule And Company Pvt Ltd           Non-fund Based - BG   ICRA A       1500   Reaffirmed
                                                             (Stable)
Chowgule And Company Pvt Ltd           Unallocated Limits    ICRA A       2991.1 Reaffirmed
                                                             (Stable)/A1
Delhi Aviation Fuel Facility Pvt Ltd   Fund based - TL       ICRA A+      1986.5
downgraded from ICRA AA-; removed from watch with negative implications; negative outlook
assigned
Delhi Aviation Fuel Facility Pvt Ltd   Fund based- CC        ICRA A+      400
downgraded from ICRA AA-; removed from watch with negative implications; negative outlook
assigned
Delhi Aviation Fuel Facility Pvt Ltd   Unallocated Limits    ICRA A+/ICRA 513.5
                                                             A1
downgraded from ICRA AA-/ICRA A1+; removed from watch with negative implications; negative
outlook assigned on long-term rating
Dhansar Engineering Co. Pvt Ltd        FB – CC               ICRA         561    Reaffirmed
                                                             BBB+/Stable
Dhansar Engineering Co. Pvt Ltd        FB – TL               ICRA         1438.3 Reaffirmed
                                                             BBB+/Stable
Dhansar Engineering Co. Pvt Ltd        Non-FBL – BG          ICRA         1241.9 Reaffirmed
                                                             BBB+/Stable
Duroflex Pvt Ltd                       LT-TL                 ICRA A-      135    Reaffirmed
                                                             (Positive)
Duroflex Pvt Ltd                       LT Fund Based         ICRA A-      300    Reaffirmed
                                                             (Positive)
Duroflex Pvt Ltd                       LT/ST Unallocated     ICRA A-      135    Reaffirmed
                                                             (Positive)
                                                             /A2+
Ecl Finance Ltd- Uriel 2020 Trust      PTC Series A1         Provisional  225.3  Assigned
                                                             ICRA BB (SO)
Ecl Finance Ltd- Uriel 2020 Trust      PTC Series A1         Provisional  1652.2 Assigned
                                                             ICRA BBB+
                                                             (SO)
Econ Cylinders (P) Ltd                 LT – Fund based/CC    ICRA BB-     80     Withdrawn
                                                             (Stable)
Econ Cylinders (P) Ltd                 LT – Unallocated      ICRA BB-     15     Withdrawn
                                                             (Stable)
Globe Capital Market Ltd               LT Bk Lines (Fund     ICRA A+      15551.8Reaffirmed
                                       Based/Non-fund Based) (Stable)
Globe Commodities Ltd                  LT Bk Lines (Fund     ICRA A+      3886.6 Reaffirmed
                                       Based/Non-fund Based) (Stable)
Globe Fincap Ltd                       LT/ST Bk Lines (Fund  ICRA A+      4940   Reaffirmed
                                       Based/Non-fund Based) (Stable)/
                                                             ICRA A1+
Gokaldas Exports Ltd                   FB TL - Proposed      ICRA BBB     500    Reaffirmed
                                                             (Stable)
Krazybee Services Pvt Ltd              Bk Lines              ICRA BBB-    3000   Reaffirmed
                                                             (Stable)
Luxor International Pvt. Ltd.          LT Fundbased – CC     ICRA BB      400
                                                             (Stable)
Downgraded from ICRA BBB-(Stable) and moved to the ‘Issuer Not Cooperating’ category
Luxor International Pvt. Ltd.          LT Fundbased – TL     ICRA BB      230
                                                             (Stable)
Downgraded from ICRA BBB-(Stable) and moved to the ‘Issuer Not Cooperating’ category
Luxor International Pvt. Ltd.          LT non-fund based     ICRA BB      20
                                                             (Stable)
Downgraded from ICRA BBB-(Stable) and moved to the ‘Issuer Not Cooperating’ category
Luxor Writing Instruments Pvt. Ltd.    LT FB – CC            ICRA BB      550
                                                             (Stable)
Downgraded from ICRA BBB-(Stable) and moved to the ‘Issuer Not Cooperating’ category
Luxor Writing Instruments Pvt. Ltd.    LT FB – TL            ICRA BB      250
                                                             (Stable)
Downgraded from ICRA BBB-(Stable) and moved to the ‘Issuer Not Cooperating’ category
Luxor Writing Instruments Pvt. Ltd.    LT non-fund based     ICRA BB      200
                                                             (Stable)
Downgraded from ICRA BBB-(Stable) and moved to the ‘Issuer Not Cooperating’ category
Miraj Drymix Pvt Ltd                   LT - TL               ICRA A-      10     Assigned
                                                             (Stable)
Miraj Drymix Pvt Ltd                   LT – Fun-based Limits ICRA A-      90     Assigned
                                                             (Stable)
Miraj Drymix Pvt Ltd                   Unallocated amount    ICRA A-      10     Assigned
                                                             (Stable)/
                                                             ICRA A2+
Navkiran Techno Feeds                  FBL- CC               ICRA BB+     150    Reaffirmed
                                                             (Stable)
Navkiran Techno Feeds                  Unallocated Limits    ICRA BB+     50     Reaffirmed
                                                             (Stable)
North Eastern Electric Power           FBL –LT Loan          ICRA AA      12500  Assigned
Corporation Ltd                                              (Stable)
North Eastern Electric Power           NCD – XIth issue      ICRA AA      400    Outstanding
Corporation Ltd                                              (Stable)
North Eastern Electric Power           NCD – XIIth issue     ICRA AA      720    Outstanding
Corporation Ltd                                              (Stable)
North Eastern Electric Power           NCD – XIIIth issue    ICRA AA      435    Outstanding
Corporation Ltd                                              (Stable)
North Eastern Electric Power           NCD – XIVth issue     ICRA AA      25000  Outstanding
Corporation Ltd                                              (Stable)
North Eastern Electric Power           NCD – XVIth issue     ICRA AA      9000   Outstanding
Corporation Ltd                                              (Stable)
North Eastern Electric Power           NCD – XVIIth issue    ICRA AA
Corporation Ltd                                              (Stable)
Reaffirmed and Withdrawn
North Eastern Electric Power           NCD – XVIIIth issue   ICRA AA      5000   Outstanding
Corporation Ltd                                              (Stable)
North Eastern Electric Power           NCD – XIXth issue     ICRA AA      3000   Outstanding
Corporation Ltd                                              (Stable)
North Eastern Electric Power           NCD – XXth issue      ICRA AA      3000   Outstanding
Corporation Ltd                                              (Stable)
North Eastern Electric Power           NCD – XXIth issue     ICRA AA      1500   Outstanding
Corporation Ltd                                              (Stable)
North Eastern Electric Power           NCD - XXIIth issue    ICRA AA      5000   Outstanding
Corporation Ltd                                              (Stable)
North Eastern Electric Power           Issuer Rating         ICRA AA             Outstanding
Corporation Ltd                                              (Stable)
North Eastern Electric Power           FBL – ST/LT Loan      ICRA AA      11930
Corporation Ltd                                              (Stable) /
                                                             ICRA A1+
Assigned to Enhanced Limits
Reproscan Tech Park Llp                Issuer Ratings        ICRA BBB+           Withdrawn
                                                             (Negative)
Reproscan Tech Park Llp                TL                    ICRA BBB+    1890.3 Outstanding
                                                             (Negative)
Reproscan Tech Park Llp                Fund Based - OverdraftICRA BBB+    75     Outstanding
                                                             (Negative)
Reproscan Tech Park Llp                Non-Fund Based- BG    ICRA BBB+    80     Outstanding
                                                             (Negative)
Reproscan Tech Park Llp                Unallocated           ICRA BBB+    104.7  Outstanding
                                                             (Negative)
S.E. Builders And Realtors Ltd         LT FB Fac             ICRA BBB+    2000   Reaffirmed
                                                             (Negative)
Skh Sheet Metals Components Pvt Ltd    FB -TL                ICRA BB+     1270.5
                                                             (Stable)
Rating downgraded from ICRA BBB- (Stable) and moved to the ‘Issuer Not Cooperating’ category
Skh Sheet Metals Components Pvt Ltd    FB - Working Capital  ICRA BB+     1000
                                       Fac                   (Stable)
Rating downgraded from ICRA BBB- (Stable)/ ICRA A3 and moved to the ‘Issuer Not Cooperating’
category
Skh Sheet Metals Components Pvt Ltd    Unallocated Limits    ICRA BB+     569.5
                                                             (Stable)
Rating downgraded from ICRA BBB- (Stable) and moved to the ‘Issuer Not Cooperating’ category
Skh Sheet Metals Components Pvt Ltd    Non-fund              ICRA BB+     160
                                       Based-Working Capital (Stable) /A4+
                                       Fac
Rating downgraded from ICRA BBB- (Stable)/ ICRA A3 and moved to the ‘Issuer Not Cooperating’
category
Sundaram Home Finance Ltd              NCDs                  ICRA AA+     5000   Assigned
                                                             (Stable)
Sundaram Home Finance Ltd              LT CC                 ICRA AA+     2000   Outstanding
                                                             (Stable)
Sundaram Home Finance Ltd              LT TL                 ICRA AA+     7333.3 Outstanding
                                                             (Stable)
Sundaram Home Finance Ltd              LT Unallocated        ICRA AA+     1000   Outstanding
                                                             (Stable)
Sundaram Home Finance Ltd              NCDs                  ICRA AA+     17716  Outstanding
                                                             (Stable)
Sundaram Home Finance Ltd              Subordinated Debt     ICRA AA+     1350   Outstanding
                                                             (Stable)
Techno Process Equipments (India) Pvt  Fund based - CC       ICRA BBB     65     Reaffirmed
Ltd                                                          (Stable)
The Ramco Cements Ltd                  NCDs                  ICRA AA+     6000
                                                             (Stable)
assigned for the Rs. 200.00 crore NCD and Outstanding on the other facilities
The Ramco Cements Ltd                  TL                    ICRA AA+     19150
                                                             (Stable)
assigned for the Rs. 200.00 crore NCD and Outstanding on the other facilities
The Ramco Cements Ltd                  LT fund based         ICRA AA+     7350
                                                             (Stable)
assigned for the Rs. 200.00 crore NCD and Outstanding on the other facilities
The Ramco Cements Ltd                  LT unallocated        ICRA AA+     1850
                                                             (Stable)
assigned for the Rs. 200.00 crore NCD and Outstanding on the other facilities
Uno Feeds                              FBL- CC               ICRA BB+     110
                                                             (Stable)
Reaffirmed and removed from watch with Negative implications
Uno Feeds                              Unallocated Limits    ICRA BB+     170
                                                             (Stable)
Reaffirmed and removed from watch with Negative implications
--------------------------------------------------------------------------------------------
$: 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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