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RPT-ICRA ratings for Indian debt instruments-Oct 28

 (Repeating to add additional ratings)
    Oct 28 - Below are the ratings awarded by Investment Information Credit Rating Agency Ltd.
(ICRA) for local debt instruments as of October 27, 2020.

COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Analyser Instrument Company Pvt Ltd     Non FB – ST           ICRA A4      130
Rating continues to remain under ‘Issuer Not Cooperating’ category
Art & Crafts Inc.                       ST: Non FB limits     ICRA A4      145
Issuer Not Cooperating; Withdrawn
Dharampal Satyapal Ltd                  ST Non-fund Based     ICRA A1+     50     Reaffirmed
                                        (LER)
Growmore International Ltd              ST- Non-Fund Based    ICRA A4      70
Rating continues to remain under ‘Issuer Not Cooperating’ category
Lubi Industries Llp                     Non-fund based        ICRA A1+            Reaffirmed
                                        EPC/PCFC/FBP/FBD/EBR^
^Sub-limits of Cash Credit
Lubi Industries Llp                     Non-fund based BG^    ICRA A1+            Reaffirmed
^Sub-limits of Cash Credit
Lubi Industries Llp                     Non-fund based LOC^   ICRA A1+            Reaffirmed
^Sub-limits of Cash Credit
Maheswari Mining And Energy Pvt. Ltd.   ST - Non Fund Based   ICRA A3      37
Review process underway
Mm Auto Industries Ltd                  ST: Non fund based    ICRA A4      25
Rating continue to remain in ‘Issuer Not Cooperating’ category
Modern Transformers Pvt Ltd             ST- Non-Fund Based    ICRA A4      200
Rating downgraded from ICRA A4+ and continues to remain in the ‘Issuer Not Cooperating’ category
Raj Industries                          Non-fund Based        ICRA A2+     510    Reaffirmed
Rr Construction And Infrastructure      ST - Non Fund Based   ICRA A4      570
India Pvt Ltd
Issuer Not Cooperating; Review process underway
Sarjan Infracon Pvt. Ltd.               BG                    ICRA A4      440
Rating downgraded from ICRA A4+ and continues to remain under ‘Issuer Not Cooperating’ category
Sayaji Packaging Pvt Ltd                LOC                   ICRA A4      30
Rating continues to remain in the ‘Issuer Not Cooperating’ category
Segam Tiles Pvt. Ltd.                   BG                    ICRA A4      30
Ratings continue to remain in the ‘Issuer Not Cooperating’ category.
Stewart Holl (India) Ltd                Non-FBL- ST           ICRA A1+     1.5    Reaffirmed
Thakar Dass & Co.                       ST - NonFund Based    ICRA A4      45
Rating continues to remain under ‘Issuer Not Cooperating’ category
Unihira Exports Pvt Ltd                 ST - Fund Based       ICRA A4      50
Rating continues to remain in the ‘Issuer Not Cooperating’ category
Vibracoustic India Pvt Ltd              ST - Fund Based       ICRA A4+     100
Downgraded from ICRA A2+ and continues to remain under issuer Non-Cooperating category
Botil Oil Tools India Pvt Ltd           Packing Credit ST     ICRA A4+     230
Review process is underway
Botil Oil Tools India Pvt Ltd           Non-fund based ST     ICRA A4+     250
Review process is underway
Skh Y-Tec India Pvt Ltd                 ST – Non-fund based   ICRA A3      200
Issuer delayed in giving information

LONG TERM RATINGS:
-------------------
Amgoorie India Ltd                      TL                    ICRA A+      240    Reaffirmed
                                                              (Stable)
Amgoorie India Ltd                      Fund based - Working  ICRA A+      120    Reaffirmed
                                        Capital limits        (Stable)
Amgoorie India Ltd                      Unallocated           ICRA A+      40     Reaffirmed
                                                              (Stable)
Analyser Instrument Company Pvt Ltd     FB - Working Capital  ICRA B+      10
                                        Facility              (Stable)
Rating continues to remain under ‘Issuer Not Cooperating’ category
Anishka Developers Pvt Ltd              Fund based-TL         ICRA B+      400
                                                              (Stable)
Downgraded from ICRA BB-(Stable) and continues to remain under ‘Issuer Not Cooperating’
category.
Art & Crafts Inc.                       LT: CC                ICRA B+      75
                                                              (Stable)
Issuer Not Cooperating; Withdrawn
Avanthi Warehousing Services Pvt Ltd    LT - Fund Based TL    ICRA BBB+    435.1
                                                              (Stable)
Review process underway
Avanthi Warehousing Services Pvt Ltd    LT - Fund Based/ CC   ICRA BBB+    180
                                                              (Stable)
Review process underway
Avanthi Warehousing Services Pvt Ltd    LT - Unallocated      ICRA BBB+    34.9
                                                              (Stable)
Review process underway
Avanthi Warehousing Services Pvt Ltd    LT / ST - Non Fund    ICRA BBB+    180
                                        Based                 (Stable)/
                                                              ICRA A2
Review process underway
Chintamani Gems & Jewellery Pvt Ltd     FB limit              ICRA D       200
Issuer Not Cooperating
Dharampal Satyapal Ltd                  LT FB Bk Facility (CC)ICRA         3040   Reaffirmed
                                                              AA-(Stable)
Dharampal Satyapal Ltd                  LT FB Bk Facility (TL)ICRA         3295   Reaffirmed
                                                              AA-(Stable)
Dharampal Satyapal Ltd                  LT Unallocated Limits ICRA         615    Reaffirmed
                                                              AA-(Stable)
Ess Kay Fincorp Ltd- Ess Kay Ib Da 2020 Assignee Payouts      Provisional  1000   Assigned
                                                              ICRA A-(SO)
Evan Multi Specialty Hospital And       LT FB TL              ICRA D       257
Research Centre Pvt Ltd
Rating Continues to remain under the ‘Issuer Not Cooperating’ category.
Evan Multi Specialty Hospital And       LT FB CC              ICRA D       13.5
Research Centre Pvt Ltd
Rating Continues to remain under the ‘Issuer Not Cooperating’ category.
Goodricke Group Ltd                     TL                    ICRA AA-     100    Reaffirmed
                                                              (Stable)
Goodricke Group Ltd                     FB limits             ICRA AA-     750    Reaffirmed
                                                              (Stable)/ A1+
Goodricke Group Ltd                     Non-FBL               ICRA AA-     90     Reaffirmed
                                                              (Stable)/ A1+
Growmore International Ltd              LT- Fund Based        ICRA         100
                                                              B+(Stable)
Downgraded from ICRA BB(Stable) and continues to remain in the ‘Issuer Not Cooperating’ category
Growmore International Ltd              LT: Unallocated       ICRA         26.9
                                                              B+(Stable)
Downgraded from ICRA BB(Stable) and continues to remain in the ‘Issuer Not Cooperating’ category
Kalyani Motors Pvt Ltd                  LT - Fund Based/ CC   ICRA BB      250
Reaffirmed; Outlook revised to Stable from Negative
Koomber Tea Company Pvt Ltd             FB limits             ICRA A+      41     Reaffirmed
                                                              (Stable)/ A1
Koomber Tea Company Pvt Ltd             LT / ST –             ICRA A+             Reaffirmed
                                        Interchangeable       (Stable)/ A1
Krishna Timber Company                  LT - Fund Based/ CC   ICRA B       10
                                                              (Stable)
Rating continue to remain under the ‘Issuer Not Cooperating’ category
Krishna Timber Company                  LT - Non Fund Based   ICRA B       65
                                                              (Stable)
Rating continue to remain under the ‘Issuer Not Cooperating’ category
Krishna Timber Company                  LT - Interchangeable  ICRA B
                                                              (Stable)
Rating continue to remain under the ‘Issuer Not Cooperating’ category
Lohia Jain Housing Company Llp          Fund based -Term      ICRA BB      500
                                                              (Stable)
Review process is underway
Lohia Jain Housing Company Llp          Loan Unallocated      ICRA BB      300
                                                              (Stable)
Review process is underway
Lubi Industries Llp                     FB CC                 ICRA         1150   Reaffirmed
                                                              A+(Stable)
Lubi Industries Llp                     FB Working Capital    ICRA                Reaffirmed
                                        Demand Loan^          A+(Stable)
^Sub-limits of Cash Credit
Maheswari Mining And Energy Pvt. Ltd.   LT - Fund Based TL    ICRA BBB-    816.6
                                                              (Negative)
Review process underway
Maheswari Mining And Energy Pvt. Ltd.   LT / ST - Unallocated ICRA BBB-    196.4
                                                              (Negative)/
                                                              ICRA A3
Review process underway
Mm Auto Industries Ltd                  LT: Fund based TL     ICRA B       49.5
                                                              (Stable)
Rating continue to remain in ‘Issuer Not Cooperating’ category
Mm Auto Industries Ltd                  LT FB CC              ICRA B       135
                                                              (Stable)
Rating continue to remain in ‘Issuer Not Cooperating’ category
Mm Auto Industries Ltd                  LT: Unallocated       ICRA B       85.9
                                                              (Stable)
Rating continue to remain in ‘Issuer Not Cooperating’ category
Modern Transformers Pvt Ltd             LT - Fund Based/ CC   ICRA         100
                                                              B+(Stable)
Downgraded from ICRA BB(Stable) and continues to remain in the ‘Issuer Not Cooperating’ category
Printotech Global Ltd                   Fund Based- CC – LT   ICRA BBB-    75     Withdrawn
                                                              (Stable)
Printotech Global Ltd                   Fund Based- TL - LT   ICRA BBB-    55.5   Withdrawn
                                                              (Stable)
Printotech Global Ltd                   Unallocated - LT      ICRA BBB-    124.5  Withdrawn
                                                              (Stable)
Raj Industries                          Fund Based – Working  ICRA A-      290    Reaffirmed
                                        Capital
outlook revised to Positive from Stable
Rr Construction And Infrastructure      LT - Fund Based/ CC   ICRA BB      270
India Pvt Ltd                                                 (Stable)
Issuer Not Cooperating; Review process underway
Rr Construction And Infrastructure      LT - Unallocated      ICRA BB      10
India Pvt Ltd                                                 (Stable)
Issuer Not Cooperating; Review process underway
Sandeep Rice Mills                      LT- Fund Based/CC     ICRA B       100
                                                              (Stable)
Rating continues to remain under ‘Issuer Not Cooperating’ category
Sarjan Infracon Pvt. Ltd.               CC                    ICRA B+      40
                                                              (Stable)
Rating downgraded from ICRA BB+(Stable) and continues to remain under ‘Issuer Not Cooperating’
category.
Sayaji Packaging Pvt Ltd                CC                    ICRA B       30
                                                              (Stable)
Rating continues to remain in the ‘Issuer Not Cooperating’ category
Sayaji Packaging Pvt Ltd                TL                    ICRA B       2.5
                                                              (Stable)
Rating continues to remain in the ‘Issuer Not Cooperating’ category
Sayaji Packaging Pvt Ltd                Unallocated Limits    ICRA B       12.5
                                                              (Stable)
Rating continues to remain in the ‘Issuer Not Cooperating’ category
Segam Tiles Pvt. Ltd.                   CC                    ICRA B+      100
                                                              (Stable)
Downgraded from ICRA BB-(Stable) and continues to remain under ‘Issuer Not Cooperating’
category.
Segam Tiles Pvt. Ltd.                   TL                    ICRA B+      300
                                                              (Stable)
Downgraded from ICRA BB-(Stable) and continues to remain under ‘Issuer Not Cooperating’
category.
Shree Shakti Agro Industries            LT: Fund based TL     ICRA C+      9
Rating continues to remain in the ‘Issuer Not Cooperating’ category
Shree Shakti Agro Industries            LT: Fund based CC     ICRA C+      90
Rating continues to remain in the ‘Issuer Not Cooperating’ category
Shrishti Technologies                   LT- Fund Based/CC     ICRA B+      60
                                                              (Stable)
Rating continues to remain under ‘Issuer Not Cooperating’ category
Stewart Holl (India) Ltd                Non-FBL- LT           ICRA A+      2.7    Reaffirmed
                                                              (Stable)
Stewart Holl (India) Ltd                FB limits#            ICRA A+      45     Reaffirmed
                                                              (Stable)/ A1+
#SHIL’s fund based facilities are entirely fungible between long-term and short-term facilities
Team Krian                              LT - Fund Based/ CC   ICRA         150
                                                              B+(Stable)
Rating downgraded from ICRA BB+(Stable) and continues to remain in the ‘Issuer Not Cooperating’
category
Thakar Dass & Co.                       LT - Fund Based/ CC   ICRA B+      50
                                                              (Stable)
Rating continues to remain under ‘Issuer Not Cooperating’ category
Thakar Dass & Co.                       LT: Unallocated       ICRA B+      30
                                                              (Stable)
Rating continues to remain under ‘Issuer Not Cooperating’ category
Vibracoustic India Pvt Ltd              LT / ST - Fund Based  ICRA BB+     36
                                                              (Stable)/ A4+
Downgraded from ICRA BBB+ (Stable)/A2+ and continues to remain under issuer Non-Cooperating
category
Vibracoustic India Pvt Ltd              LT / ST - Unallocated ICRA BB+     9
                                                              (Stable)/ A4+
Downgraded from ICRA BBB+ (Stable)/A2+ and continues to remain under issuer Non-Cooperating
category
Vipul Industries Pvt Ltd                Fund based - TL       ICRA B+      10.9
                                                              (Stable)
Downgraded from ICRA BB(Stable) and continues to remain under ‘Issuer Not Cooperating’ category.
Vipul Industries Pvt Ltd                Fund based - Working  ICRA B+      35.7
                                        Capital Loan          (Stable)
Downgraded from ICRA BB(Stable) and continues to remain under ‘Issuer Not Cooperating’ category.
Vipul Industries Pvt Ltd                Fund based - OverdraftICRA B+      99
                                                              (Stable)
Downgraded from ICRA BB(Stable) and continues to remain under ‘Issuer Not Cooperating’ category.
Chheda Electricals And Electronics Pvt. LT – Fund Based - CC  ICRA         169.8  Issuer not
Ltd.                                                          BBB-(Stable)        cooperating
Chheda Electricals And Electronics Pvt. LT – Fund Based -TL   ICRA         180.2  Issuer not
Ltd.                                                          BBB-(Stable)        cooperating
Skh Y-Tec India Pvt Ltd                 LT – TL               ICRA         950
                                                              BBB-(Stable)
Issuer delayed in giving information
Skh Y-Tec India Pvt Ltd                 LT – Fund based/ CC   ICRA         200
                                                              BBB-(Stable)
Issuer delayed in giving information
--------------------------------------------------------------------------------------------
$: 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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