June 16, 2020 / 8:50 AM / 17 days ago

RPT-ICRA ratings for Indian debt instruments-Jun 16

 (Repeating to add additional ratings)
   Jun 16 - Below are the ratings awarded by Investment Information Credit Rating Agency Ltd.
(ICRA) for local debt instruments as of June 15, 2020.


COMPANY                                INSTRUMENT           RATING      AMOUNT MOVEMENT
                                                                       (RS.MLN)
------                                 ----------           ------      -----  ---------
SHORT TERM RATINGS:
-------------------
Chiripal Textile Mills Pvt Ltd         Non Fund Based-BG    ICRA A2     60     Reaffirmed
Dolphin Poly Plast Pvt. Ltd            Non-fund Based – LOC ICRA A4     15     Withdrawn
Hil (India) Ltd                        ST-Fund Based/       ICRA A4+    500    Withdrawn
                                       Non-Fund based
Nandan Industries Pvt Ltd              NFBL                 ICRA A2     50     Reaffirmed
Shanthi Gears Ltd                      ST non-fund based    ICRA A1+    -      Reaffirmed
                                       (sublimit)
Utkarsh Small Finance Bank Ltd         CD programme         ICRA A1+    10000  Reaffirmed


LONG TERM RATINGS:
-------------------
Bhawar Lifestyle                       No Default Statement ICRA BB/A4  -      -
                                                            (Stable)
(Removed from ‘Issuer not cooperating’ Category)
Chiripal Textile Mills Pvt Ltd         Fund Based-CC        ICRA BBB+   210    Reaffirmed
(outlook revised to Negative from Stable)
Chiripal Textile Mills Pvt Ltd         Fund Based-TL        ICRA BBB+   1060   Reaffirmed
(outlook revised to Negative from Stable)
Chiripal Textile Mills Pvt Ltd         Unallocated-LT/ ST   ICRA BBB+/A2 130   Reaffirmed
(outlook revised to Negative from Stable)
Dholi Spintex Pvt Ltd                  Fund Based-TL        ICRA BBB+   2080   Reaffirmed
(outlook revised to Negative from Stable)
Dholi Spintex Pvt Ltd                  Fund Based-CC        ICRA BBB+   354.5  Reaffirmed
(outlook revised to Negative from Stable)
Dolphin Poly Plast Pvt. Ltd            Unallocated Limits   ICRA B+     0.4    Withdrawn
                                                            (Stable)/
                                                            A4
Dolphin Poly Plast Pvt. Ltd            Fund -based – CC     ICRA        65     Withdrawn
                                                            B+(Stable)
Dolphin Poly Plast Pvt. Ltd            FB – TL              ICRA        50.6   Withdrawn
                                                            B+(Stable)
Esquire Machines Pvt Ltd               No Default Statement ICRA B+     -      -
                                                            (Stable)/
                                                            A4
(Removed from ‘Issuer not cooperating’ Category)
Gvk Jaipur Expressway Pvt Ltd          TL                   ICRA B      3302.7 Reaffirmed
                                                            (Stable)
Harpreet Color Vision (P) Ltd          LT – FB              ICRA BB-    144    Reaffirmed
                                                            (Negative)
(outlook revised from Stable to Negative)
Hil (India) Ltd                        LT/ ST Unallocated   ICRA BB+    1000   Withdrawn
                                                            (Stable)/
                                                            ICRA A4+
Hil (India) Ltd                        LT-FB/NonFund Based  ICRA        1500   Withdrawn
                                                            BB+(Stable)
Nandan Industries Pvt Ltd              Fund Based-TL        ICRA BBB+   462.5  Reaffirmed
Nandan Industries Pvt Ltd              Fund Based-CC        ICRA BBB+   172.5  Reaffirmed
Quality Exim Pvt Ltd                   Fund Based-TL        ICRA BBB+   403.6  Reaffirmed
(outlook revised to Negative from Stable)
Quality Exim Pvt Ltd                   Fund Based-CC        ICRA BBB+   60     Reaffirmed
(outlook revised to Negative from Stable)
Shanthi Gears Ltd                      LT fund based        ICRA AA     10     Reaffirmed
                                                            (Stable)
Shanthi Gears Ltd                      LT non-fund based    ICRA AA     250    Reaffirmed
                                                            (Stable)
Shanthi Gears Ltd                      LT/ ST unallocated   ICRA AA     240    Reaffirmed
                                                            (Stable)/
                                                            ICRA A1+;
Sjvn Arun-3 Power Development          TL                   Provisional 63334.8  -
Company Pvt. Ltd                                            ICRA
                                                            AA+(CE)(Stable)
Utkarsh Small Finance Bank Ltd         Subordinated debt    ICRA        2000   Reaffirmed
                                       programme            A(Stable)
Vijayapura Tollway Pvt Ltd             LT - Fund Based TL   Provisional -      -
                                                            ICRA A+(CE)
                                                            (Stable)
(Rating reaffirmed and withdrawn)
Sturdy Industries Ltd                  -                    -                  -
Issuer not cooperating due to Non Submission of No Default Statement (NDS)
Agmatel India Pvt Ltd                  -                    -                  -
Issuer not cooperating due to Non Submission of No Default Statement (NDS)
Cooch Behar Mission Hospital (P) Ltd.  -                    -                  -
Issuer not cooperating due to Non Submission of No Default Statement (NDS)
Geetanjali Agro Industries             -                    -                  -
Issuer not cooperating due to Non Submission of No Default Statement (NDS)
Krishna Institute Of Medical Sciences  Bk Loan Rating       ICRA A      3300   -
Ltd (Kims)                                                  (Positive)/A1
Review process is underway
Mohani Tea Leaves Pvt Ltd              -                    -                  -
Issuer not cooperating due to Non Submission of No Default Statement (NDS)
Shreeram And Sons                      -                    -                  -
Issuer not cooperating due to Non Submission of No Default Statement (NDS)
Siewert And Dholakia Overseas Pvt Ltd  -                    -                  -
Issuer not cooperating due to Non Submission of No Default Statement (NDS)
Sri Srinivasa Rice Mill (Mahendrawada) -                    -                  -
Issuer not cooperating due to Non Submission of No Default Statement (NDS)
Sunrise Seafoods India Pvt Ltd         -                    -                  -
Issuer not cooperating due to Non Submission of No Default Statement (NDS)
--------------------------------------------------------------------------------------------
$: 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)
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below