for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up

RPT-ICRA ratings for Indian debt instruments-Oct 12

 (Repeating to add additional ratings)
    Oct 12 - Below are the ratings awarded by Investment Information Credit Rating Agency Ltd.
(ICRA) for local debt instruments as of October 9, 2020.

COMPANY                                INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                         (RS.MLN)
------                                 ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Autometers Alliance Ltd                ST FB Bk Fac          ICRA A4+     400
Rating moved to the ‘Issuer Not Cooperating’ category
Autometers Alliance Ltd                ST non-FB Bk Fac      ICRA A4+     150
Rating moved to the ‘Issuer Not Cooperating’ category
Hll Infra Tech Services Ltd            Non-fund based- ST    ICRA A2(CE)  210    Reaffirmed
S. D. Corporation Pvt Ltd              CP                    ICRA A2(CE)@
Downgraded from ICRA A1(CE); Rating placed on watch with negative implications and withdrawn
S. D. Corporation Pvt Ltd              Rating Without        ICRA A4+
                                       Explicit Credit
                                       Enhancement
Surya Processors Pvt Ltd               ST non-fund based Bk  ICRA A4      127.5
                                       Fac
Issuer Not Cooperating; Withdrawn
Team Computers Pvt Ltd                 ST/Non-fund Based     ICRA A2      760    Reaffirmed

LONG TERM RATINGS:
-------------------
Amplus Kn One Power Pvt Ltd            LT/ ST/ fund based/   ICRA A+(CE)  1149.5 Withdrawn
                                       NFBL                  (Stable)/
                                                             ICRA A1(CE)
Amplus Kn One Power Pvt Ltd            Rating Without        ICRA BBB+
                                       Explicit Credit
                                       Enhancement
Autometers Alliance Ltd                LT FB Bk Fac          ICRA         400
                                                             BB+(Stable)
Rating moved to the ‘Issuer Not Cooperating’ category
Autometers Alliance Ltd                LT non-FB Bk Fac      ICRA         1350
                                                             BB+(Stable)
Rating moved to the ‘Issuer Not Cooperating’ category
Bengal Shapoorji Housing Development   Rating Without        ICRA BB+
Pvt Ltd                                Explicit Enhancement
Bengal Shapoorji Housing Development   TL                    ICRA BBB(CE)@2000
Pvt Ltd
Downgraded from ICRA A(CE) ‘negative’ , outlook removed, and rating placed on watch with
negative implications
Bhagwati Rice Mill Pvt. Ltd.           FB Limits             ICRA B+      406.4
                                                             (Stable)
Issuer Not Cooperating; Withdrawn
Bhagwati Rice Mill Pvt. Ltd.           Unallocated           ICRA B+      3.6
                                                             (Stable)
Issuer Not Cooperating; Withdrawn
Gmr Air Cargo And Aerospace EngineeringRating Without        ICRA A-
Ltd (Formerly Known As Gmr Aerospace   Explicit Credit
Engineering Ltd)                       Enhancement
Gmr Air Cargo And Aerospace EngineeringNCD (NCD) Programme   ICRA AA (CE) 2750
Ltd (Formerly Known As Gmr Aerospace
Engineering Ltd)
reaffirmed and negative outlook assigned; removed from watch with negative implications
Gmr Hospitality And Retail Ltd         Rating Without        ICRA A-
                                       Explicit Credit
                                       Enhancement
Gmr Hospitality And Retail Ltd         TL                    ICRA AA(CE)  1120
reaffirmed and negative outlook assigned; removed from watch with negative implications
Gmr Hyderabad Aerotropolis Ltd         FB TL                 ICRA AA (CE) 375
reaffirmed and negative outlook assigned; removed from watch with negative implications
Gmr Hyderabad Aerotropolis Ltd         Rating Without        ICRA BBB+
                                       Explicit Credit
                                       Enhancement
Gmr Hyderabad Aviation Sez Ltd         TL                    ICRA AA (CE) 573
reaffirmed and negative outlook assigned; removed from watch with negative implications
Gmr Hyderabad Aviation Sez Ltd         Rating Without        ICRA BBB+
                                       Explicit Credit
                                       Enhancement
High Point Properties Pvt Ltd          Rating Without        ICRA B+
                                       Explicit Credit
                                       Enhancement
High Point Properties Pvt Ltd          NCD Programme         ICRA BBB(CE)@2250
Downgraded from ICRA A(CE) ‘negative’ , outlook removed, and rating placed under watch with
negative implications
Hll Infra Tech Services Ltd            Rating Without        ICRA BBB/
                                       Explicit Credit       ICRA A3+
                                       Enhancement
Hll Infra Tech Services Ltd            CC- LT                ICRA         256.5  Reaffirmed
                                                             BBB+(CE)
                                                             (Stable)
Kaveri Cotex Pvt Ltd                   Fund based - CC       ICRA B       140
                                                             (Stable)
Rating Continues to remain under Issuer Not Cooperating category
Kaveri Cotex Pvt Ltd                   Fund based – TL       ICRA B       2.8
                                                             (Stable)
Rating Continues to remain under Issuer Not Cooperating category
Kaveri Cotex Pvt Ltd                   Unallocated limit     ICRA B       4.7
                                                             (Stable)
Rating Continues to remain under Issuer Not Cooperating category
Kejriwal Geotech Pvt Ltd               Fund Based - TL       ICRA         1108.5 Assigned
                                                             A-(Stable)
Kejriwal Geotech Pvt Ltd               Fund Based - CC       ICRA         450    Assigned
                                                             A-(Stable)
Keshav Holiday Resort Pvt Ltd          FB – TL               ICRA B+&     500
rating placed on watch with developing implications
Millennia Realtors Pvt Ltd             TL                    ICRA BBB- &  5500
rating placed on watch with developing implications
Millennia Realtors Pvt Ltd             Unallocated           ICRA BBB- &  797.6
rating placed on watch with developing implications
Patelnagar Refractories Pvt Ltd        Bk Fac                ICRA D/      150
                                                             ICRA D
Reason for delay in periodic review of rating
Prahitha Constructions Pvt Ltd         Rating Without        ICRA BB+
                                       Explicit Credit
                                       Enhancement
Prahitha Constructions Pvt Ltd         TL &- rating watch    ICRA         10000
                                       with developing       BBB-(CE) &
                                       implications
rating placed on watch with developing implications
Rmz Azure Projects Pvt Ltd             TL &- rating watch    ICRA A(CE) & 3000
                                       with developing
                                       implications
rating placed on watch with developing implications
Rmz Azure Projects Pvt Ltd             Rating Without        ICRA BBB+
                                       Explicit Credit
                                       Enhancement
Rmz Buildcon Pvt Ltd                   Rating Without        ICRA BB+
                                       Explicit Credit
                                       Enhancement
Rmz Buildcon Pvt Ltd                   TL                    ICRA         5550
                                                             BBB+(CE) &
rating placed on watch with developing implications
Rmz Buildcon Pvt Ltd                   NCDs                  ICRA         16450
                                                             BBB+(CE) &
rating placed on watch with developing implications
Rmz Ecoworld Infrastructure Pvt Ltd    TL                    ICRA A &     37538
rating placed on watch with developing implications
Rmz Ecoworld Infrastructure Pvt Ltd    NCD                   ICRA A &     14280
rating placed on watch with developing implications
Rmz Estates Pvt Ltd                    Rating Without        ICRA BB+
                                       Explicit Credit
                                       Enhancement
Rmz Estates Pvt Ltd                    TL                    ICRA         16000
                                                             BBB+(CE) &
rating placed on watch with developing implications
Rmz Galleria India Pvt Ltd             TL                    ICRA BBB- &  3000
rating placed on watch with developing implications
Rmz Galleria India Pvt Ltd             Unallocated           ICRA BBB- &  1100
rating placed on watch with developing implications
Rmz Infinity (Chennai) Ltd             TL &- rating watch    ICRA A(CE) & 9760
                                       with developing
                                       implications
rating placed on watch with developing implications
Rmz Infinity (Chennai) Ltd             Rating Without        ICRA BBB+
                                       Explicit Credit
                                       Enhancement
Rmz Infotech Pvt Ltd                   TL                    ICRA A &     31567.2
rating placed on watch with developing implications
Rmz Infotech Pvt Ltd                   LT bonds              ICRA A &     5450
rating placed on watch with developing implications
Rmz North Star Projects Pvt Ltd        TL                    ICRA BBB- &  1000
rating placed on watch with developing implications
Skyscape Developers Pvt Ltd            Rating Without        ICRA B+
                                       Explicit Credit
                                       Enhancement
Skyscape Developers Pvt Ltd            NCD . Programme       ICRA BBB(CE)@
Downgraded from ICRA A(CE); ‘negative’ outlook removed; rating placed on watch with negative
implications and withdrawn
Somatheeram Ayurvedic Hospital And YogaLT - Fund Based/ CC   ICRA BB@     22.5
Centre Pvt Ltd
downgraded from ICRA BB+ (Negative) and placed on rating watch with negative implications
Somatheeram Ayurvedic Hospital And YogaLT – Fund Based/ TL   ICRA BB@     48
Centre Pvt Ltd
downgraded from ICRA BB+ (Negative) and placed on rating watch with negative implications
Somatheeram Ayurvedic Hospital And YogaLT – Unallocated      ICRA BB@     79.5
Centre Pvt Ltd
downgraded from ICRA BB+ (Negative) and placed on rating watch with negative implications
Spandana Sphoorty Financial Ltd-       PTC Series A          ICRA A(SO)          Reaffirmed
Kartikeya 02 2020
Spandana Sphoorty Financial Ltd-       PTC Series A          ICRA A(SO)          Reaffirmed
Kartikeya 12 2019
Sunny View Estates Pvt Ltd             Rating Without        ICRA BB
                                       Explicit Credit
                                       Enhancement
Sunny View Estates Pvt Ltd             NCD . Programme       ICRA BBB(CE)@2000
Downgraded from ICRA A(CE) ‘negative’ , outlook removed, and rating placed under watch with
negative implications
Surya Processors Pvt Ltd               LT FB Bk Fac – TL     ICRA B+      714.7
                                                             (Stable)
Issuer Not Cooperating; Withdrawn
Surya Processors Pvt Ltd               LT FB Bk Fac – CC     ICRA B+      470
                                                             (Stable)
Issuer Not Cooperating; Withdrawn
Surya Processors Pvt Ltd               Unallocated           ICRA B+      187.8
                                                             (Stable)
Issuer Not Cooperating; Withdrawn
Team Computers Pvt Ltd                 LT/Fund Based/CC      ICRA BBB+    600    Reaffirmed
                                                             (Positive)
outlook revised to positive from stable
Team Computers Pvt Ltd                 LT/Fund Based/TL      ICRA BBB+    200    Reaffirmed
                                                             (Positive)
outlook revised to positive from stable
Team Computers Pvt Ltd                 LT/ST: Unallocated    ICRA BBB+    40     Reaffirmed
                                       Limits                (Positive)/
                                                             ICRA A2
outlook revised to positive from stable
Raman Education Society                Bk Fac                      BB+    340
                                                             (Stable)
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)
for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up