June 24, 2020 / 11:38 AM / 17 days ago

RPT-ICRA ratings for Indian debt instruments-Jun 24

 (Repeating to add additional ratings)
   Jun 24 - Below are the ratings awarded by Investment Information Credit Rating Agency Ltd.
(ICRA) for local debt instruments as of June 23, 2020.


COMPANY                                INSTRUMENT           RATING      AMOUNT MOVEMENT
                                                                       (RS.MLN)
------                                 ----------           ------      -----  ---------
SHORT TERM RATINGS:
-------------------
Betterman Engineers Pvt Ltd            Non-Fund Based – BG  ICRA A4     100    Reaffirmed
Bhanu Construction                     Non-fund based – BG  ICRA A4+    350    -
(Rating downgraded from ICRA A3 and Rating moved to the ‘Issuer Not Cooperating’ category)
Elins Switch Boards Pvt Ltd            Non-Fund based- BG   ICRA A3     50     Assigned
Elins Switch Boards Pvt Ltd            ST- Unallocated      ICRA A3     150    Assigned
Future Mobile Llp                      Non-fund Based       ICRA A3     300    Reaffirmed
Harisun Ceramic Pvt. Ltd               Non-fund Based- BG   ICRA A4     12.5   Withdrawn
Hero Housing Finance Ltd               CP                   ICRA A1+    1500   Outstanding
Jmc Paper Tech Pvt Ltd                 ST FB – Export       ICRA A4+    60     Reaffirmed
                                       Packing Credit
Jmc Paper Tech Pvt Ltd                 ST FB –              ICRA A4+    -      Reaffirmed
                                       Interchangeable limit
Jmc Paper Tech Pvt Ltd                 Non-fund Based – BG  ICRA A4+    50     Reaffirmed
Rajasthan Tube Manufacturing           ST Non-Fund based    ICRA A4     122.5  -
Co. Ltd
(Rating continues to remain in the ‘Issuer Not Cooperating’ category)
Scg Contracts India Pvt Ltd            ST Non-fund Based    ICRA A3     340    Reaffirmed
Suraj Products Ltd                     Non-FB limits        ICRA A4+    15     Reaffirmed
Viyyat Power Pvt Ltd                   ST – BG              ICRA A4     1.5    -
(Rating downgraded from ICRA A3 and continues to remain in the ‘Issuer Not Cooperating’
category)
Aircon Engineers Pvt Ltd               Non-FBL              ICRA A4+    40     Issuer Not
                                                                               Cooperating
Sitaram India Ltd                      Non-fund Based       ICRA A4+    9.3    Issuer Not
                                                                               Cooperating

MEDIUM TERM RATINGS:
-------------------
Berar Finance Ltd                      Fixed Deposit        MA-(Stable) 1050   Reaffirmed


LONG TERM RATINGS:
-------------------
Ajay Engicone Pvt. Ltd                 FB – TL              ICRA D      2.8    -
(Rating continues to remain under the ‘Issuer Not Cooperating’ category)
Ajay Engicone Pvt. Ltd                 FB – CC              ICRA D      12.5   -
(Rating continues to remain under the ‘Issuer Not Cooperating’ category)
Ajay Engicone Pvt. Ltd                 Non fund basedBG     ICRA D      84.7   -
(Rating continues to remain under the ‘Issuer Not Cooperating’ category)
Ashok Handlooms Factory Pvt Ltd        FB – CC              ICRA B      56     Reaffirmed
                                                            (Stable)
Berar Finance Ltd                      Bk Fac               ICRA        1419.2 Reaffirmed
                                                            BBB(Stable)
Berar Finance Ltd                      NCDs Programme       ICRA        100    Reaffirmed
                                                            BBB(Stable)
Betterman Engineers Pvt Ltd            Fund Based- CC       ICRA B      60     Reaffirmed
                                                            (Stable)
Bhanu Construction                     FB- CC               ICRA BB+    100    -
                                                            (Stable)
(Rating downgraded from ICRA BBB- (Stable) and Rating moved to the ‘Issuer Not Cooperating’
category)
Bhanu Construction                     Unallocated limits   ICRA BB+    400    -
                                                            (Stable)/
                                                            ICRA A4+
(Rating downgraded from ICRA BBB- (Stable)/ICRA A3 and Rating moved to the ‘Issuer Not
Cooperating’ category)
Canon India Pvt Ltd                    Issuer Rating -      ICRA AA+    -      -
                                                            (Negative)
(Put on Notice of Withdrawal for 1 month)
Fortune'S Sparsh Healthcare            FB – TL              ICRA D      75     -
Pvt Ltd
(Rating continues to remain in the ‘Issuer Not Cooperating’ category)
Future Mobile Llp                      Fund Based – Working ICRA BBB-   250    Reaffirmed
                                       Capital
Harisun Ceramic Pvt. Ltd               FB- TL               ICRA B+     62.1   Withdrawn
                                                            (Stable)
Harisun Ceramic Pvt. Ltd               FB- CC               ICRA B+     30     Withdrawn
                                                            (Stable)
Hero Housing Finance Ltd               NCDs                 ICRA AA+    500    Assigned
                                                            (Stable)
Hero Housing Finance Ltd               NCDs                 ICRA AA+    1500   Outstanding
                                                            (Stable)
Hero Housing Finance Ltd               Subordinated Debt    ICRA AA+    2000   Outstanding
                                                            (Stable)
Hero Housing Finance Ltd               LT ST                ICRA AA+    8000   Outstanding
                                       Fund based/Non-Fund  (Stable)/
                                       based                ICRA A1+
Jmc Paper Tech Pvt Ltd                 FB – CC              ICRA BB     70     Reaffirmed
                                                            (Stable)
Jmc Paper Tech Pvt Ltd                 FB – TL              ICRA BB     64.8   Reaffirmed
                                                            (Stable)
Khodal Cotton Processing Pvt           FB – TL              ICRA D      1.4    -
Ltd
(Rating continues to remain under the ‘Issuer Not Cooperating’ category)
Khodal Cotton Processing Pvt           FB – CC              ICRA D      90     -
Ltd
(Rating continues to remain under the ‘Issuer Not Cooperating’ category)
M L Rice Mills                         LT Fund based TL     ICRA B+     15     -
                                                            (Stable)
(Rating Continues to remain under the ‘Issuer Not Cooperating’ category)
M L Rice Mills                         LT Fund based/ CC    ICRA B+     220    -
                                                            (Stable)
(Rating Continues to remain under the ‘Issuer Not Cooperating’ category)
Pragya Rice Mill                       CC                   ICRA B+     80     -
                                                            (Stable)
(Continues to remain under the ‘Issuer Not Cooperating’ category)
Rajasthan Tube Manufacturing           LT Fund based CC     ICRA B      200    -
Co. Ltd                                                     (Stable)
(Rating continues to remain in the ‘Issuer Not Cooperating’ category)
Rukmini Educational Charitable         FB –TL               ICRA        1050   Reaffirmed
Trust                                                       BBB-(Stable)
Rukmini Educational Charitable       FB –Overdraft Facility ICRA        200    Reaffirmed
Trust                                                       BBB-(Stable)
Scg Contracts India Pvt Ltd            LT FB CC             ICRA BBB-   50     Reaffirmed
                                                            (Stable)
Sidhi Binayak Infrastructure           Fund Based – CC      ICRA BB     100    Assigned
                                                            (Stable)
Sidhi Binayak Infrastructure           Non-fund Based – BG  ICRA BB     20     Assigned
                                                            (Stable)/
                                                            ICRA A4+
Suraj Products Ltd                     FB TL                ICRA BB+    310    Reaffirmed
                                                            (Stable)
Suraj Products Ltd                     FB CC                ICRA BB+    250    Reaffirmed
                                                            (Stable)
Tea Board Of India                     Fund based – TL      ICRA AA     93     Reaffirmed
                                                            (Stable)
Vijay Trading Company                  Fund Based - CC      ICRA D      100    -
(Rating continues to remain in the ‘Issuer Not Cooperating’ category)
Viyyat Power Pvt Ltd                   LT – CC              ICRA BB     5      -
                                                            (Stable)
(Rating downgraded from ICRA BBB- (Stable)and continues to remain in the ‘Issuer Not
Cooperating’ category)
Viyyat Power Pvt Ltd                   LT – TL              ICRA BB     44.2   -
                                                            (Stable)
(Rating downgraded from ICRA BBB- (Stable)and continues to remain in the ‘Issuer Not
Cooperating’ category)
Yes Bank Ltd                           Basel III Compliant  ICRA        109000 Outstanding
                                      Tier II Bond Programm BB(hyb)&
(& Rating Watch with Developing Implications)
Yes Bank Ltd                           Basel II Compliant   ICRA BB+&   22306  Outstanding
                                       Lower Tier II Bond
                                       Programme
(& Rating Watch with Developing Implications)
Yes Bank Ltd                           Infrastructure Bond  ICRA BB+&   70300  Outstanding
                                       Programme
(& Rating Watch with Developing Implications)
Yes Bank Ltd                           Basel II Compliant   ICRA D      13441  downgraded
                                       Upper Tier II Bond                      from ICRA BB&
                                       Programme
(& Rating Watch with Developing Implications)
Yes Bank Ltd                           Basel II Compliant   ICRA D      3070   Outstanding
                                       Tier I Bond Programme
Yes Bank Ltd                           Basel III Compliant  ICRA D (hyb)108000 Outstanding
                                       Additional Tier I
                                       Bond Programme
Agarwal Chem Products (India) Pvt. Ltd.BLR                  ICRA B      150    Issuer Not
                                                            (Stable)           Cooperating
Aircon Engineers Pvt Ltd               FBL                  ICRA BB+    25     Issuer Not
                                                            (Stable)           Cooperating
Aircon Engineers Pvt Ltd               Unallocated          ICRA BB+    15     Issuer Not
                                                            (Stable)           Cooperating
Coldman Logistics Pvt Ltd              BLR                  ICRA BB     800    Issuer Not
                                                            (Stable)           Cooperating
Prasad Agrico Industries Pvt Ltd       FBL                  ICRA B+     242.5  Issuer Not
                                                            (Stable)           Cooperating
Prasad Agrico Industries Pvt Ltd       Unallocated          ICRA B+     57.5   Issuer Not
                                                            (Stable)           Cooperating
Sitaram India Ltd                      CC                   ICRA BB+    200    Issuer Not
                                                            (Stable)           Cooperating
Sitaram India Ltd                      TL                   ICRA BB+    241    Issuer Not
                                                            (Stable)           Cooperating
Vanshika Sugar & Power Industries Ltd  CC                   ICRA B+     145    Issuer Not
                                                            (Stable)           Cooperating
Vanshika Sugar & Power Industries Ltd  TL                   ICRA B+     120    Issuer Not
                                                            (Stable)           Cooperating
Vanshika Sugar & Power Industries Ltd  Unallocated          ICRA B+     100    Issuer Not
                                                            (Stable)           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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