April 29, 2020 / 11:29 AM / a month ago

RPT-ICRA ratings for Indian debt instruments-Apr 29

 (Repeating to add additional ratings)
   Apr 29 - Below are the ratings awarded by Investment Information Credit Rating Agency Ltd.
(ICRA) for local debt instruments as of April 28, 2020.


COMPANY                                INSTRUMENT           RATING      AMOUNT MOVEMENT
                                                                        (RS.MLN)
------                                 ----------           ------      -----  ---------
SHORT TERM RATINGS:
-------------------
Aditya Birla Fashion And               CP Programme         ICRA A1+    20000  -
Retail Ltd
(assigned / outstanding)
Antique Art Exports Pvt. Ltd.          Non - fund Based     ICRA A4     60     -
(Rating continues to remain under the ‘Issuer Not Cooperating’ category)
Blg Construction Service Pvt           ST – Non Fund Based  ICRA A4     90     -
Ltd
(Rating continues to remain under the ‘Issuer Not Cooperating’ category)
G N Altech                             Non-fund Based Forex ICRA A4     20     -
                                       exchange exposure
(Rating downgraded from ICRA A4+ and moved to ‘Issuer Not Cooperating’ category)
G N Altech                             Unallocated limit    ICRA A4     23.7   -
(Rating downgraded from ICRA A4+ and moved to ‘Issuer Not Cooperating’ category)
Itamax Ceramic Pvt. Ltd                Non-fund based – BG  ICRA A4     10     -
(Reason for delay in carrying out periodic review:- Issuer Not Cooperating)
Ks Softnet Solutions Pvt Ltd           ST: Non fund based – ICRA D      250    -
                                       BG (BG)
(Rating continues to remain under the ‘Issuer Not Cooperating’ category)
Ks Softnet Solutions Pvt Ltd           ST: Non fund based LOCICRA D      -      -
                                       (Sublimit of BG)
(Rating continues to remain under the ‘Issuer Not Cooperating’ category)
Kaveri Plasto Containers Pvt           ST-Letter of Credit  ICRA A4+    -      -
Ltd
(Reason for delay in carrying out periodic review: Issuer delayed in giving information)
M J Casting Ltd                        Non-FBL              ICRA A2+    15     -
(Reason for delay in carrying out periodic review: Review process is underway)
Nupur Carpets                          Non - fund Based     ICRA A4     40     -
(Rating continues to remain under the ‘Issuer Not Cooperating’ category)
Priyanka Refineries Pvt Ltd            ST- BG               ICRA A4+    10     -
(Reason for delay in carrying out periodic review: Issuer delayed in giving information)
Shri Lakshmi Steel Suppliers           ST – Interchangeable ICRA A4+    -      -
                                                            (Stable)
(Reason for delay in carrying out periodic review: Issuer delayed in giving information)
U Goenka Sons Pvt Ltd                  ST – Non Fund Based  ICRA D      270    -
(Rating continues to remain under the ‘Issuer Not Cooperating’ category)
Vintage Tiles Pvt. Ltd                 Non-fund Based BG    ICRA A4+    80     -
(Rating downgraded from ICRA A3 and moved to ‘Issuer Not Cooperating’ category)
Raj Overseas                           ST FB                ICRA A2+    800
Review process is underway
Raj Overseas                           ST Non-fund Based    ICRA A2+    100
Review process is underway


LONG TERM RATINGS:
-------------------
Aditya Birla Fashion And               Long-TL              ICRA AA@    279.6  -
Retail Ltd
(@Rating on watch with Negative Implications. placed on watch with negative implications)
Aditya Birla Fashion And               LT, FB / Non- FB Fac ICRA AA@    22910  -
Retail Ltd
(@Rating on watch with Negative Implications. placed on watch with negative implications)
Aditya Birla Fashion And               LT, Unallocated      ICRA AA@    1810.4 -
Retail Ltd
(@Rating on watch with Negative Implications. placed on watch with negative implications)
Aditya Birla Fashion And               NCD Programme        ICRA AA@    3000   -
Retail Ltd
(@Rating on watch with Negative Implications. placed on watch with negative implications)
Aditya Birla Fashion And               NCD Programme        ICRA AA@    -      -
Retail Ltd
(@Rating on watch with Negative Implications. placed on watch with negative implications)
Amiya Commerce And                     FB - CC              ICRA D      125    Withdrawn
Construction Co Pvt Ltd
Amiya Commerce And                     FB - TL              ICRA D      30     Withdrawn
Construction Co Pvt Ltd
Amiya Commerce And                     Non-FB - BG          ICRA D      100    Withdrawn
Construction Co Pvt Ltd
Ankit Pulps And Boards Pvt Ltd         LT FB CC             ICRA        82.5   -
                                                            B+(Stable)
(Rating downgraded from ICRA BB+ (Stable) and moved to the ‘Issuer Not Cooperating’ category)
Ankit Pulps And Boards Pvt Ltd         LT FB TL             ICRA        17.5   -
                                                            B+(Stable)
(Rating downgraded from ICRA BB+ (Stable) and moved to the ‘Issuer Not Cooperating’ category)
Ankit Pulps And Boards Pvt Ltd         LT Non-fund Based    ICRA        -      -
                                       (Interchangeable –   B+(Stable)
                                       sublimit of CC)
(Rating downgraded from ICRA BB+ (Stable) and moved to the ‘Issuer Not Cooperating’ category)
Antique Art Exports Pvt. Ltd.          Fund Based - CC      ICRA B      96     -
                                                            (Stable)
(Rating continues to remain under the ‘Issuer Not Cooperating’ category)
Bhalkeshwar Sugars Ltd                 BLR                  ICRA D      2000   -
(Reason for delay in carrying out periodic review:- Issuer delayed in giving information)
Blg Construction Service Pvt           LT – Fund Based/ CC  ICRA B+     40     -
Ltd                                                         (Stable)
(Rating continues to remain under the ‘Issuer Not Cooperating’ category)
Blg Construction Service Pvt           LT – Fund Based/ TL  ICRA B+     18     -
Ltd                                                         (Stable)
(Rating continues to remain under the ‘Issuer Not Cooperating’ category)
Blg Construction Service Pvt           LT – Unallocated     ICRA B+     2      -
Ltd                                                         (Stable)
(Rating continues to remain under the ‘Issuer Not Cooperating’ category)
Dhanuka Extractions Pvt Ltd            Fund Based - CC      ICRA B+     140    -
                                                            (Stable)
(Rating downgraded from ICRA BB(Stable) and continue to remain under ‘Issuer Not Cooperating’
category)
Dhanuka Extractions Pvt Ltd            Unallocated          ICRA B+     30     -
                                                            (Stable)
(Rating downgraded from ICRA BB(Stable) and continue to remain under ‘Issuer Not Cooperating’
category)
G N Altech                             Fund based-TL        ICRA B+     0.8    -
                                                            (Stable)
(Rating downgraded from ICRA BB (Stable) and moved to ‘Issuer Not Cooperating’ category)
G N Altech                             FB CC                ICRA B+     26     -
                                                            (Stable)
(Rating downgraded from ICRA BB (Stable) and moved to ‘Issuer Not Cooperating’ category)
Gargya Autocity Pvt Ltd                Fund Based – TL      ICRA B+     4.9    -
                                                            (Stable)
(Rating downgraded from ICRA BB (Stable) and continues to remain under ‘Issuer Not Cooperating’
category)
Gargya Autocity Pvt Ltd                Fund Based – Working ICRA B+     235    -
                                       Capital Limits       (Stable)
(Rating downgraded from ICRA BB (Stable) and continues to remain under ‘Issuer Not Cooperating’
category)
Gargya Autocity Pvt Ltd                Untied Limits        ICRA B+     0.6    -
                                                            (Stable)
(Rating downgraded from ICRA BB (Stable) and continues to remain under ‘Issuer Not Cooperating’
category)
Globcon Industries Pvt. Ltd            FB Limits            ICRA        87     -
                                                            B+(Stable)
(Reason for delay in carrying out periodic review:- Issuer Not Cooperating)
Harman Agro                            Fund Based - CC      ICRA        45     -
                                                            B+(Stable)
(Rating continues to remain under the ‘Issuer Not Cooperating’ category)
Harman Agro                            Fund Based - TL      ICRA        22     -
                                                            B+(Stable)
(Rating continues to remain under the ‘Issuer Not Cooperating’ category)
Itamax Ceramic Pvt. Ltd                FB – TL              ICRA        59.6   -
                                                            B+(Stable)
(Reason for delay in carrying out periodic review:- Issuer Not Cooperating)
Itamax Ceramic Pvt. Ltd                Fund based – CC      ICRA        20     -
                                                            B+(Stable)
(Reason for delay in carrying out periodic review:- Issuer Not Cooperating)
Itamax Ceramic Pvt. Ltd                Unallocated Limits   ICRA        5.4    -
                                                            B+(Stable)
(Reason for delay in carrying out periodic review:- Issuer Not Cooperating)
Kaveri Plasto Containers Pvt           LT – Fund Based – CC ICRA BB     50     -
Ltd                                                         (Stable)
(Reason for delay in carrying out periodic review: Issuer delayed in giving information)
Kaveri Plasto Containers Pvt           LT-TL                ICRA BB     61.8   -
Ltd                                                         (Stable)
(Reason for delay in carrying out periodic review: Issuer delayed in giving information)
Klystron Electronics Pvt Ltd           Fund Based – CC      ICRA BB     15     Withdrawn
                                                            (Stable)
Klystron Electronics Pvt Ltd           Non-Fund Based –BG   ICRA BB     65     Withdrawn
                                                            (Stable)
Klystron Electronics Pvt Ltd           Unallocated Amount   ICRA BB     20     Withdrawn
                                                            (Stable)
                                                            /ICRA A4
Ks Softnet Solutions Pvt Ltd           LT: Fund based – CC  ICRA D      150    -
(Rating continues to remain under the ‘Issuer Not Cooperating’ category)
M J Casting Ltd                        TL                   ICRA A-     173.1  -
                                                            (Stable)
(Reason for delay in carrying out periodic review: Review process is underway)
M J Casting Ltd                        LT/ short term fund  ICRA A-     150    -
                                       based/ non-FBL       (Stable) /
                                                            A2+
(Reason for delay in carrying out periodic review: Review process is underway)
M J Casting Ltd                        Unallocated          ICRA A-     461.9  -
                                                            (Stable) /
                                                            A2+
(Reason for delay in carrying out periodic review: Review process is underway)
Maruti Cotton Industries               Fund based-TL        ICRA B      19.5   -
                                                            (Stable)
(Reason for delay in carrying out periodic review:- Issuer Not Cooperating)
Maruti Cotton Industries               Fund based-CC        ICRA B      60     -
                                                            (Stable)
(Reason for delay in carrying out periodic review:- Issuer Not Cooperating)
Motia Township Pvt Ltd                 FBL – TL             ICRA B      150    -
                                                            (Stable)
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Motia Township Pvt Ltd                 Unallocated Limits   ICRA B      80     -
                                                            (Stable)
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Nupur Carpets                          Fund Based - CC      ICRA B-     48     -
                                                            (Stable)
(Rating continues to remain under the ‘Issuer Not Cooperating’ category)
Priyanka Refineries Pvt Ltd            LT/ ST- Unallocated  ICRA BB+    3      -
                                                            (Stable)/
                                                            ICRA A4+
(Reason for delay in carrying out periodic review: Issuer delayed in giving information)
Priyanka Refineries Pvt Ltd            LT- Fund Based/CC    ICRA        297    -
                                                            BB+(Stable)
(Reason for delay in carrying out periodic review: Issuer delayed in giving information)
Rd T.M.T Steels (India) Pvt Ltd        Bk loan ratings      ICRA BB-    180    -
                                                            (Stable)
(Reason for delay in carrying out periodic review: Issuer delayed in giving information)
S.K.Cotton Industries                  Fund based-TL        ICRA        15     -
                                                            B(Stable)
(Rating continues to remain under the ‘Issuer Not Cooperating’ category)
S.K.Cotton Industries                  Fund based-CC        ICRA        45     -
                                                            B(Stable)
(Rating continues to remain under the ‘Issuer Not Cooperating’ category)
Shree Ganesh Cotton                    FB – TL              ICRA B+     12.7   -
Industries-Rajkot                                           (Stable)
(Rating moved to ‘Issuer Not Cooperating’ category)
Shree Ganesh Cotton                    FB – CC              ICRA B+     100    -
Industries-Rajkot                                           (Stable)
(Rating moved to ‘Issuer Not Cooperating’ category)
Shree Ganesh Cotton                    Unallocated limits   ICRA B+     0.3    -
Industries-Rajkot                                           (Stable)
(Rating moved to ‘Issuer Not Cooperating’ category)
Shri Lakshmi Steel Suppliers           LT – Fund Based – CC ICRA BB+    1000   -
                                                            (Stable)
(Reason for delay in carrying out periodic review: Issuer delayed in giving information)
Tanvi Gold Cast Llp                    FB – Interchangeable ICRA BB     -      -
                                       (CC: sublimit of GML)(Stable) /
                                                            ICRA A4+
(Reason for delay in carrying out periodic review: Issuer Not Cooperating)
Tanvi Gold Cast Llp                    FB - Gold Metal Loan ICRA        160    -
                                                            BB(Stable)
(Reason for delay in carrying out periodic review: Issuer Not Cooperating)
Tirupati Cotex                         Fund Based - TL      ICRA B+     10     -
                                                            (Stable)
(Rating moved to ‘Issuer Not Cooperating’ category)
Tirupati Cotex                         Fund Based - CC      ICRA B+     60     -
                                                            (Stable)
(Rating moved to ‘Issuer Not Cooperating’ category)
U Goenka Sons Pvt Ltd                  LT - Fund Based/ CC  ICRA D      10     -
(Rating continues to remain under the ‘Issuer Not Cooperating’ category)
Vintage Tiles Pvt. Ltd                 Fund based-TL        ICRA BB+    225.9  -
                                                            (Stable)
(Rating downgraded from ICRA BBB- (Stable) and moved to ‘Issuer Not Cooperating’ category)
Vintage Tiles Pvt. Ltd                 FB CC                ICRA BB+    250    -
                                                            (Stable)
(Rating downgraded from ICRA BBB- (Stable) and moved to ‘Issuer Not Cooperating’ category)
Vintage Tiles Pvt. Ltd                 Unallocated limits   ICRA BB+    1.7    -
                                                            (Stable)/A4+
(Rating downgraded from ICRA BBB-(Stable)/A3 and moved to ‘Issuer Not Cooperating’ category)
Bhimashankar Sahakari Sakhar Karkhana  FB – TL (Proposed)   ICRA BBB-   1250
Ltd                                                         (Stable)
Issuer not cooperating
Raj Overseas                           LT FB TL             ICRA A-     100
                                                            (Stable)
Review process is underway
Sahu Hydro Power Pvt Ltd               FB - TL              ICRA        108.5
                                                            BB+(Positive)
Issuer not cooperating
Sahu Hydro Power Pvt Ltd               Unallocated          ICRA        76
                                                            BB+(Positive)
Issuer not cooperating
--------------------------------------------------------------------------------------------
$: 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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