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ICRA ratings for Indian debt instruments-Sep 21

  Sep 21 - Below are the ratings awarded by Investment Information Credit Rating Agency Ltd.
(ICRA) for local debt instruments as of September 18, 2020.


COMPANY                                INSTRUMENT           RATING      AMOUNT MOVEMENT
                                                                       (RS.MLN)
------                                 ----------           ------      -----  ---------
SHORT TERM RATINGS:
-------------------
A N Associates                         ST- Unallocated      ICRA A4     300    -
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Air India Express Ltd                  Short-TL             ICRA A4     9054.6 -
(downgraded from ICRA A4+ and removed from watch with negative implications)
Air India Express Ltd                  ST, FB Bk Fac        ICRA A4     7278.5 -
(downgraded from ICRA A4+ and removed from watch with negative implications)
Comnet Solutions Pvt Ltd               Non-Fund based-BG    ICRA A4+    50     Assigned
Delhi Airport Parking Services         Non-FBL              ICRA A1     50     -
Pvt Ltd
(downgraded from ICRA A1+ removed from watch with negative implications)
Gold Plus Glass Industry Ltd           ST Non-FBL           ICRA A4+    497.9  Reaffirmed
Hdfc Credila Financial                 CP programme         ICRA A1+    10000  Reaffirmed
Services Pvt Ltd
Pawar Patkar Constructions             Non-FBL              ICRA A3     430    Reaffirmed
Pvt. Ltd
Prism Johnson Ltd                      FB – Working Capital ICRA A1     800    Withdrawn
                                       Fac
Dnp Foods Ltd                          ST – Fund based      ICRA D      160    -
(Rating Continues to remain under the ‘Issuer Not Cooperating’ category.)
Prism Johnson Ltd                      Non-fund based –     ICRA A1     1920   Withdrawn
                                       Working Capital Fac
R. D. Samant Contractors Pvt.          ST – Non Fund Based  ICRA A4+    70     Withdrawn
Ltd                                    (BG)
(ISSUER NOT COOPERATING)
R. D. Samant Contractors Pvt.          ST – Fund Based      ICRA A4+    15     Withdrawn
Ltd                                    (Standby Line of
                                       Credit)
(ISSUER NOT COOPERATING)
Shri Muniveer Spinning Mills           ST –Non-Fund Based   ICRA A4     10.6   -
(Ratings continue to remain in the ‘Issuer Not Cooperating’ category.)
Sree Jeyasoundharam Textile            ST- Non Fund Based   ICRA A4     32.5   -
Mills Pvt Ltd
(Rating Continues to remain under ‘Issuer Not Cooperating’ category)
Stp Ltd                                ST – FB              ICRA A1+    200    -
                                                            (CE)
(upgraded from ICRA A3+)
Stp Ltd                                ST – Non-fund Based  ICRA A1+    100    -
                                                            (CE)
(upgraded from ICRA A3+)
Svarn Telecom Ltd                      ST: Non Fund based   ICRA A4     35     -
(Rating continues to remain in the ‘Issuer Not Cooperating’ category)
Svarn Tex Prints Pvt Ltd               ST: Non Fund based   ICRA A4     70     -
(Rating Continues to remain under ‘Issuer Not Cooperating’ category)
Tata Realty And Infrastructure         CP                   ICRA A1+    22000  Reaffirmed
Ltd
Unicon Engineers                       ST – Non Fund Based  ICRA A4     55     Withdrawn
(ISSUER NOT COOPERATING)
Zuri Hospitality Pvt Ltd               ST – Non-fund Based  ICRA A4     7.5    Reaffirmed



 

MEDIUM TERM RATINGS:
-------------------
Senco Gold Ltd                         Fixed Deposit        MA(Stable)  1150   outstanding
                                       Programme


 

LONG TERM RATINGS:
-------------------
A N Associates                         LT- Unallocated      ICRA B+     50     -
                                                            (Stable)
(Rating downgraded from ICRA BB (Stable) ISSUER NOT COOPERATING and continues to remain under
‘Issuer Not Cooperating’ category)
Comnet Solutions Pvt Ltd               FB-CC                ICRA BB     130    Assigned
                                                            (Stable)
Comnet Solutions Pvt Ltd               Fund based- Working  ICRA BB     -      Assigned
                                       Capital Demand Loan**(Stable)
(**sub-limit of Cash Credi)
Comnet Solutions Pvt Ltd               Fund based- Sales    ICRA BB     30     Assigned
                                       Bill Discounting     (Stable)
Comnet Solutions Pvt Ltd               Fund based- TL       ICRA BB     18.5   Assigned
                                                            (Stable)
Comnet Solutions Pvt Ltd               Unallocated limits   ICRA BB     21.5   Assigned
                                                            (Stable) /
                                                            ICRA A4+
Delhi Airport Parking Services         Fund based - TL      ICRA A      1100   -
Pvt Ltd
(downgraded from ICRA A+ outlook revised to negative removed from watch with negative
implications)
Dempo Shipbuilding And                 LT Fund Based        ICRA C      30     -
Engineering Pvt Ltd
(Upgraded from ICRA D)
Dempo Shipbuilding And                 LT Non-fund Based    ICRA C      150    -
Engineering Pvt Ltd
(Upgraded from ICRA D)
Gold Plus Glass Industry Ltd           TL                   ICRA BB+    4652.5 Reaffirmed
                                                            (Negative)
Gold Plus Glass Industry Ltd           CC                   ICRA BB+    1123.9 Reaffirmed
                                                            (Negative)
Hdfc Credila Financial                 Perpetual debt       ICRA        2750   Reaffirmed
Services Pvt Ltd                       programme            AA+(Stable)
Hdfc Credila Financial                 NCD programme        ICRA        4000   Assigned
Services Pvt Ltd                                            AAA(Stable)
Hdfc Credila Financial                 NCD programme        ICRA        9000   Reaffirmed
Services Pvt Ltd                                            AAA(Stable)
Hdfc Credila Financial                 Bk lines programme   ICRA        40000  Reaffirmed
Services Pvt Ltd                                            AAA(Stable)
Hdfc Credila Financial                 Non-convertible      ICRA        2500   Reaffirmed
Services Pvt Ltd                       subordinated         AAA(Stable)
                                       debenture programme
Ina Elite Hospitality Pvt Ltd          LT - Fund Based TL   ICRA B      100    -
                                                            (Stable)
(Rating continue to remain under the ‘Issuer Not Cooperating’ category)
K.K. Proteins Pvt Ltd                  LT - Fund Based/ CC  ICRA        200    -
                                                            B+(Stable)
(Rating downgraded from ICRA BB-(Stable) and moved to the ‘Issuer Not Cooperating’ category)
K.K. Proteins Pvt Ltd                  LT – Unallocated     ICRA        10     -
                                                            B+(Stable)
(Rating downgraded from ICRA BB-(Stable) and moved to the ‘Issuer Not Cooperating’ category)
Khedut Cotex Pvt. Ltd                  FB – CC              ICRA D      60     -
(Rating Continues to remain under ‘Issuer Not Cooperating’ category)
Khedut Cotex Pvt. Ltd                  FB – TL              ICRA D      27.7   -
(Rating Continues to remain under ‘Issuer Not Cooperating’ category)
New World Landmark Llp                 TL                   ICRA BB+    1500   -
                                                            (Stable)
(Downgraded from ICRA BBB- (Stable))
Northern Arc Capital Ltd               Apogee Trust 2018 -  ICRA A(SO)  18     Reaffirmed
                                       PTC Series A
Pawar Patkar Constructions             FB limits            ICRA BBB-   140    Reaffirmed
Pvt. Ltd                                                    (Stable)
Pawar Patkar Constructions             Unallocated          ICRA BBB-   30     Reaffirmed
Pvt. Ltd                                                    (Stable)
Piveta Estates Pvt Ltd                 TL                   ICRA BB     1100   -
                                                            (Negative)
(Rating revised from ICRA BB+ (Negative))
Prism Johnson Ltd                      NCD Programme        ICRA A-%    800    Withdrawn
(% denotes ‘placed on watch with positive implications)
Prism Johnson Ltd                      FB – TL              ICRA A-%    10805  Withdrawn
(% denotes ‘placed on watch with positive implications)
Prism Johnson Ltd                      FB – Working Capital ICRA A-%    2979   Withdrawn
                                       Fac
(% denotes ‘placed on watch with positive implications)
Prism Johnson Ltd                      FB – Working Capital ICRA A-%/   400    Withdrawn
                                       Fac                  ICRA A1
(% denotes ‘placed on watch with positive implications)
Prism Johnson Ltd                      Non-fund based –     ICRA A-%/   1100   Withdrawn
                                       Working Capital Fac  ICRA A1
(% denotes ‘placed on watch with positive implications)
R. D. Samant Contractors Pvt.          LT – Fund Based – CC ICRA BB     120    Withdrawn
Ltd                                                         (Stable)
(ISSUER NOT COOPERATING)
Senco Gold Ltd                         LT/ST – Fund based   ICRA        6250   -
                                                            A-(Stable)
                                                            / ICRA A2+
(Reaffirmed / Assigned)
Shri Muniveer Spinning Mills           LT – Fund Based – TL ICRA B+     62.9   -
                                                            (Stable)
(Rating downgraded from ICRA BB-(Stable) and continues to remain under ‘Issuer Not Cooperating’
category.)
Shri Muniveer Spinning Mills           LT – Fund Based – CC ICRA B+     50     -
                                                            (Stable)
(Rating downgraded from ICRA BB-(Stable) and continues to remain under ‘Issuer Not Cooperating’
category)
Shriram Transport Finance Co.          IB PCG STFC SEP 2020 Provisional 5000   Assigned
Ltd                                    - Assignee Payouts   ICRA AA(SO)
Shriram Transport Finance Co.          Indian Bk PCG_June   Provisional -      Withdrawn
Ltd                                    2020 -               ICRA AA(SO)
                                       Assignee
Payouts
Silver Springs Pleasure                LT – Fund Based/CC   ICRA BBB-   60     Reaffirmed
Resorts Pvt Ltd
Silver Springs Pleasure                LT – Fund based TL   ICRA BBB-   220    Reaffirmed
Resorts Pvt Ltd
Ska Diagnostic Pvt Ltd                 TL                   ICRA BB     1410   -
                                                            (Negative)
(Rating revised from ICRA BB+ (Negative))
Sonata Finance Pvt Ltd                 Vivriti Robben 01    ICRA A-(SO) -      Withdrawn
                                       2019 - PTC Series A2
Sonata Finance Pvt Ltd                 Vivriti Robben 01    ICRA A+(SO) -      Withdrawn
                                       2019 - PTC Series A1
Sree Jeyasoundharam Textile            LT– Fund Based CC    ICRA C      170    -
Mills Pvt Ltd
(Rating Continues to remain under ‘Issuer Not Cooperating’ category)
Sree Jeyasoundharam Textile            LT- Fund Based TL    ICRA C      607    -
Mills Pvt Ltd
(Rating Continues to remain under ‘Issuer Not Cooperating’ category)
Sree Jeyasoundharam Textile            LT- Interchangeable  ICRA C      -      -
Mills Pvt Ltd
(Rating Continues to remain under ‘Issuer Not Cooperating’ category)
Sree Jeyasoundharam Textile            LT- Unallocated      ICRA C      13.3   -
Mills Pvt Ltd
(Rating Continues to remain under ‘Issuer Not Cooperating’ category)
Stp Ltd                                LT – FB/ CC          ICRA AA     300    -
                                                            (CE)
                                                            (Stable)
(upgraded from ICRA BBB (Stable))
Svarn Telecom Ltd                      LT: CC               ICRA B+     50     -
                                                            (Stable)
(Rating downgraded from ICRA BB-(Stable) and continues to remain in the ‘Issuer Not Cooperating’
category)
Svarn Telecom Ltd                      LT: TL               ICRA B+     9.4    -
                                                            (Stable)
(Rating downgraded from ICRA BB-(Stable) and continues to remain in the ‘Issuer Not Cooperating’
category)
Svarn Telecom Ltd                      LT: Unallocated      ICRA B+     155.6  -
                                                            (Stable)
(Rating downgraded from ICRA BB-(Stable) and continues to remain in the ‘Issuer Not Cooperating’
category)
Svarn Tex Prints Pvt Ltd               LT: CC               ICRA        82.5   -
                                                            B+(Stable)
(Rating Continues to remain under ‘Issuer Not Cooperating’ category)
Svarn Tex Prints Pvt Ltd               LT: TL               ICRA        20     -
                                                            B+(Stable)
(Rating Continues to remain under ‘Issuer Not Cooperating’ category)
Svarn Tex Prints Pvt Ltd               LT: Unallocated      ICRA        77.5   -
                                                            B+(Stable)
(Rating Continues to remain under ‘Issuer Not Cooperating’ category)
Tata Realty And Infrastructure         NCD                  ICRA AA     30000  Reaffirmed
Ltd                                                         (Stable)
Unicon Engineers                       LT – Fund Based – CC ICRA        72     Withdrawn
                                                            B+(Stable)
(ISSUER NOT COOPERATING)
Unicon Engineers                       LT/ ST – Unallocated ICRA        63     Withdrawn
                                                            B+(Stable)/
                                                            A4
(ISSUER NOT COOPERATING)
Vivriti Capital Pvt Ltd                Vivriti CABSEC 001   ICRA        -      Withdrawn
                                       2019 - PTC Series A2 BBB-(SO)
Zuri Hospitality Pvt Ltd               LT – Fund Based/CC   ICRA B+     40     Reaffirmed
                                                            (Stable)
Zuri Hotels And Resorts Pvt Ltd        LT – Fund Based/CC   ICRA BB+    20     Reaffirmed
                                                            (Negative)
Zuri Hotels And Resorts Pvt Ltd        LT – FB TL           ICRA BB+    260    Reaffirmed
                                                            (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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