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RPT-ICRA ratings for Indian debt instruments-Oct 30

 (Repeating to add additional ratings)
    Oct 30 - Below are the ratings awarded by Investment Information Credit Rating Agency Ltd.
(ICRA) for local debt instruments as of October 29, 2020.

COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Acme Safetywears Ltd                    Non-FB – BG           ICRA A4      10     Reaffirmed
Acme Safetywears Ltd                    Non-FB – LOC          ICRA A4      20     Reaffirmed
Anuh Pharma Ltd                         ST, Non-FBL           ICRA A2+     700    Reaffirmed
Anuh Pharma Ltd                         ST, Interchangeable   ICRA A2+            Reaffirmed
                                        Limits^
^Sublimit of short-term, non-fund based limits of Rs. 70.00 crore
Atlantic Global Shipping Pvt Ltd        Non-fund based- BG    ICRA A4+     10     Assigned
Gurpreet Galvanizing Pvt Ltd            ST – Non Fund Based   ICRA A3      650
revised from ICRA A3+
Hll Lifecare Ltd                        ST: Non-fundbased Fac ICRA A2      3000
Review process is underway
IDFC Asset Management Co. Ltd           IDFC Overnight Fund   ICRA A1+mfs         Outstanding
IDFC Asset Management Co. Ltd           IDFC Cash Fund        ICRA A1+mfs         Outstanding
IDFC Asset Management Co. Ltd           IDFC Ultra ST Fund    ICRA A1+mfs         Outstanding
Kedar Metals Pvt Ltd                    Non-fund based – Bill ICRA A4      50
                                        Discounting
Downgraded from ICRA A4+ and continues to remain under ‘Issuer Not Cooperating’ category
Kedar Metals Pvt Ltd                    Non-fund based – LOC  ICRA A4      20
Downgraded from ICRA A4+ and continues to remain under ‘Issuer Not Cooperating’ category
Kedar Metals Pvt Ltd                    Fund based – Packing  ICRA A4
                                        Credit#
Downgraded from ICRA A4+ and continues to remain under ‘Issuer Not Cooperating’ category; #
Sublimit of CC facility
Mahindra Manulife Investment Management Mahindra Manulife     ICRA A1+mfs         Assigned
Pvt Ltd                                 Ultra ST Fund
Mahindra Manulife Investment Management Mahindra Manulife     ICRA A1+mfs         Reaffirmed
Pvt Ltd                                 Liquid Fund
Mahindra Manulife Investment Management Mahindra Manulife Low ICRA A1+mfs         Reaffirmed
Pvt Ltd                                 Duration Fund
Shree Renuka Sugars Ltd                 ST FB working capital ICRA A2 &    4000
                                        demand loan
continues to be on watch with developing implications
Sunteck Realty Ltd                      Proposed CP           ICRA A1+     1000   Assigned
Supreme Power Equipment Pvt Ltd         Non-fund based        ICRA A4      150    Reaffirmed
                                        facility – BG/
Surya Alloy Industries Ltd              Non-fund              ICRA A4      507.7  Reaffirmed
                                        Based-Working Capital
                                        Fac
Swayamprabha Udyam & Company            ST- Fund Based        ICRA A4      142.5
Review process is underway
Tata Cleantech Capital Ltd              CP Programme          ICRA A1+     20000  Reaffirmed
V Care Agritech                         ST – Non Fund Based   ICRA A4      5      Reaffirmed
V Care Seeds Pvt Ltd                    ST – Non Fund Based   ICRA A4      10     Reaffirmed
Wonder Signs                            Non-fund Based –      ICRA A4      70
                                        FLC/BG
Rating continues to remain under ‘Issuer Not Cooperating’ category

MEDIUM TERM RATINGS:
-------------------
Empire Industries Ltd                   Public Deposits       MA (Negative)743
Issuer Not Cooperating
Tee Ventures (India) Pvt Ltd            BLR                   ICRA B-      115    Issuer Not
                                                              (Stable)\A4         Cooperating
Girnar Food & Beverages Pvt Ltd         FBL                   ICRA BBB+    525
                                                              (Stable) /
                                                              ICRA A2
Review process is underway
Graham Blowpack Pvt. Ltd.               BLR                   ICRA BB+     121.5
                                                              (Stable)/
                                                              ICRA A4+
Review process is underway
Phoenix Conveyor Belt India (P) Ltd     Bk Fac                ICRA A+      1580
                                                              (Stable)/
                                                              ICRA A1+
Review process is underway

LONG TERM RATINGS:
-------------------
Acme Safetywears Ltd                    FB – CC               ICRA BB      160    Reaffirmed
                                                              (Stable)
Acme Safetywears Ltd                    FB – TL               ICRA BB      7.8    Reaffirmed
                                                              (Stable)
Acme Safetywears Ltd                    FB – Pre-shipment and ICRA BB             Reaffirmed
                                        - Post Shipment credit(Stable)
Anuh Pharma Ltd                         LT, FB Limits         ICRA BBB+    50     Reaffirmed
outlook revised to Positive from Stable
Atlantic Global Shipping Pvt Ltd        Fund based- TL        ICRA BB      211.6  Assigned
                                                              (Stable)
Atlantic Global Shipping Pvt Ltd        Fund based- CC        ICRA BB      80     Assigned
                                                              (Stable)
Atlantic Global Shipping Pvt Ltd        Fund based- Overdraft ICRA BB      20     Assigned
                                                              (Stable)
Atlantic Global Shipping Pvt Ltd        Unallocated           ICRA BB      28.4   Assigned
                                                              (Stable) /
                                                              ICRA A4+
Baliga Investment Pvt Ltd               LT fund based – CC    ICRA BB      115
                                                              (Stable)
Review Process underway
Baliga Investment Pvt Ltd               LT/ST– Unallocated    ICRA BB      65
                                                              (Stable)/
                                                              ICRA A4+
Review Process underway
Brightstar Infrastructure Pvt Ltd       Fun-based – TL        ICRA B+      400
                                                              (Stable)
Downgraded from ICRA BB+(Stable) and continues to remain under the ‘Issuer Not Cooperating’
category
Chaitanya Chemicals                     LT - Fund Based/ CC   ICRA B+      55
                                                              (Stable)
Downgraded from ICRA BB (Stable) and continues to remain in the ‘Issuer Not Cooperating’
category
Chaitanya Chemicals                     LT - Unallocated      ICRA B+      8.5
                                                              (Stable)
Downgraded from ICRA BB (Stable) and continues to remain in the ‘Issuer Not Cooperating’
category
Cosmo Durables Pvt. Ltd.                LT - CC               ICRA         70     Reaffirmed
                                                              BB(Stable)
Empire Industries Ltd                   Bk Loans              ICRA A       2166.8
                                                              (Negative)/
                                                              ICRA A1
Issuer Not Cooperating
Gayath Industries                       LT– Fund Based- CC    ICRA B+      5
                                                              (Stable)
Rating moved to Issuer Not Cooperating’ category
Gayath Industries                       LT- Fund Based- TL    ICRA B+      84
                                                              (Stable)
Rating moved to Issuer Not Cooperating’ category
Gayath Industries                       LT - Unallocated      ICRA B+      1
                                                              (Stable)
Rating moved to Issuer Not Cooperating’ category
Geetanjali Agro Industries              LT - Fund Based/ CC   ICRA         100
                                                              B+(Stable)
Rating continues to remain in the ‘Issuer Not Cooperating’ category
Geetanjali Agro Industries              LT - Unallocated      ICRA         30
                                                              B+(Stable)
Rating continues to remain in the ‘Issuer Not Cooperating’ category
Gramaudyogik Shikshan Mandal            LT, TL                ICRA BBB+    526.6
                                                              (Stable)
Assigned/ Reaffirmed
Gramaudyogik Shikshan Mandal            LT – fund             ICRA BBB+    30     Assigned
                                        based/overdraft       (Stable)
Gsco Infrastructure Pvt. Ltd.           Fund based - CC       ICRA D       64
Rating continues to remain under the ‘Issuer Not Cooperating’ category
Gsco Infrastructure Pvt. Ltd.           Non Fund Based- BG    ICRA D       400
Rating continues to remain under the ‘Issuer Not Cooperating’ category
Gurpreet Galvanizing Pvt Ltd            LT/ST – Unallocated   ICRA BBB-    300
                                                              (Stable)/
                                                              ICRA A3
revised from ICRA BBB (Stable)/ICRA A3+
Gurpreet Galvanizing Pvt Ltd            LT – Fund Based/CC    ICRA BBB-    300
                                                              (Stable)
revised from ICRA BBB (Stable)
Hcl Comnet Ltd                          FB Fac                ICRA AA      770.5  Withdrawn
                                                              (Stable)/
                                                              ICRA A1+
Hcl Comnet Ltd                          Non-FB Fac            ICRA AA      2104.3 Withdrawn
                                                              (Stable)/
                                                              ICRA A1+
Hindustan Cotton Spinning Mills         LT- Fund Based- CC    ICRA BB-     72.5
                                                              (Stable)
Issuer Not Cooperating Withdrawn
Hindustan Cotton Spinning Mills         LT- Fund Based- TL    ICRA BB-     39
                                                              (Stable)
Issuer Not Cooperating Withdrawn
Hindustan Cotton Spinning Mills         LT- Unallocated       ICRA BB-     28.5
                                                              (Stable)
Issuer Not Cooperating Withdrawn
Hll Lifecare Ltd                        LT: TL                ICRA BBB+    1222
                                                              (Stable)
Review process is underway
Hll Lifecare Ltd                        LT: FB Fac            ICRA BBB+    3120
                                                              (Stable)
Review process is underway
Hll Lifecare Ltd                        LT/ST: Unallocated    ICRA BBB+    267.6
                                        Limits                (Stable)/ A2
Review process is underway
Ibd Universal Pvt. Ltd.                 Fund based - CC       ICRA D       50
Rating continues to remain under the ‘Issuer Not Cooperating’ category
Ibd Universal Pvt. Ltd.                 Fund Based- TL        ICRA D       220
Rating continues to remain under the ‘Issuer Not Cooperating’ category
Ibd Universal Pvt. Ltd.                 Unallocated Limits    ICRA D       270
Rating continues to remain under the ‘Issuer Not Cooperating’ category
IDFC Asset Management Co. Ltd           IDFC Dynamic Bond FundICRA AAAmfs         Outstanding
IDFC Asset Management Co. Ltd           IDFC Bond Fund –      ICRA AAAmfs         Outstanding
                                        Income Plan
IDFC Asset Management Co. Ltd           IDFC Money Manager    ICRA AAAmfs         Outstanding
                                        Fund
IDFC Asset Management Co. Ltd           IDFC Bond Fund – ST   ICRA AAAmfs         Outstanding
                                        Plan
IDFC Asset Management Co. Ltd           IDFC Low Duration FundICRA AAAmfs         Outstanding
IDFC Asset Management Co. Ltd           IDFC Bond Fund –      ICRA AAAmfs         Outstanding
                                        Medium Term Plan
IDFC Asset Management Co. Ltd           IDFC Bking and PSU    ICRA AAAmfs         Outstanding
                                        Debt Fund
IDFC Asset Management Co. Ltd           IDFC Corporate Bond   ICRA AAAmfs         Outstanding
                                        Fund
IDFC Asset Management Co. Ltd           IDFC Credit Risk Fund ICRA AAmfs          Assigned
Jonna Steels                            LT - Fund Based/ CC   ICRA         145
                                                              B+(Stable)
Rating moved to the ‘Issuer Not Cooperating’ category
Jonna Steels                            LT - Unallocated      ICRA         5
                                                              B+(Stable)
Rating moved to the ‘Issuer Not Cooperating’ category
Kedar Metals Pvt Ltd                    Fund based - CC       ICRA B+      77.5
                                                              (Stable)
Downgraded from ICRA BB (Stable) and continues to remain under ‘Issuer Not Cooperating’ category
Laxmi Civil Engineering Services Pvt.   FB Limit (CC)         ICRA A       500
Ltd.                                                          (Stable)
Upgraded from ICRA A- (Stable)
Laxmi Civil Engineering Services Pvt.   Non-FBL               ICRA A       5250
Ltd.                                                          (Stable) /
                                                              ICRA A1
Upgraded from ICRA A- (Stable) / ICRA A2+
Laxmi Civil Engineering Services Pvt.   Unallocated           ICRA A       750    Assigned
Ltd.                                                          (Stable) /
                                                              ICRA A1
Madhucon Sugar And Power Industries Ltd Fund based - TL       ICRA D       212.9
Rating continues to remain under ‘Issuer Not Cooperating’ category
Madhucon Sugar And Power Industries Ltd Fund based – CC       ICRA D       988.9
Rating continues to remain under ‘Issuer Not Cooperating’ category
Madhucon Sugar And Power Industries Ltd LT – Unallocated      ICRA D       379
                                        Limits
Rating continues to remain under ‘Issuer Not Cooperating’ category
Marian Projects Pvt Ltd                 Fund Based – TL       ICRA B+      45
                                                              (Stable)
Downgraded from ICRA BB- (Stable) and moved to the ‘Issuer Not Cooperating’ category
Marian Projects Pvt Ltd                 CC                    ICRA B+      50
                                                              (Stable)
Downgraded from ICRA BB- (Stable) and moved to the ‘Issuer Not Cooperating’ category
Marudhar Fashions                       LT/ST fund based –    ICRA BB-     150    Reaffirmed
                                        Working Capital       (Stable)/
                                                              ICRA A4
Mrn Agro Industries                     LT- Fund Based        ICRA BB-     175
                                                              (Stable)
Issuer delayed in giving information
Polaris Liquor Pvt Ltd                  LT – Fund based CC    ICRA B+      325
                                                              (Stable)
Downgraded from ICRA BB(Stable) and continues to remain under ‘Issuer Not Cooperating’ category.
Reverence Infrastructure India Llp      Fund Based/TL         ICRA         180
                                                              BB(Stable)
Issuer Not Cooperating
Shree Renuka Sugars Ltd                 LT, FB NCD            ICRA BBB+ &  265
continues to be on watch with developing implications
Shree Renuka Sugars Ltd                 LT, FB TL             ICRA BBB+ &  1339.9
continues to be on watch with developing implications
Sitaram Maharaj Sakhar Karkhana         Fund based-TL         ICRA D       500
(Khardi) Ltd
Rating continues to remain under ‘Issuer Not Cooperating’ category
Sitaram Maharaj Sakhar Karkhana         Fund based- Working   ICRA D       1000
(Khardi) Ltd                            Capital Fac
Rating continues to remain under ‘Issuer Not Cooperating’ category
Skyline Foundations And Structures Pvt  FBL                   ICRA BBB     150
Ltd                                                           (Stable)
Review process is underway
Spacetech Equipments & Structurals Pvt  Fund based - Working  ICRA D       17.5
Ltd                                     capital
Rating continues to remain under ‘Issuer Not Cooperating’ category
Spacetech Equipments & Structurals Pvt  Non-fund based BG/ LOCICRA D       42
Ltd
Rating continues to remain under ‘Issuer Not Cooperating’ category
Spacetech Equipments & Structurals Pvt  Unallocated limits    ICRA D/ ICRA 0.5
Ltd                                                           D
Rating continues to remain under ‘Issuer Not Cooperating’ category
Sunteck Realty Ltd                      LT - Fund Based TL    ICRA         6060   Assigned
                                                              AA-(Stable)
Sunteck Realty Ltd                      LT- CC                ICRA         2150   Assigned
                                                              AA-(Stable)
Sunteck Realty Ltd                      LT- Unallocated       ICRA         1790   Assigned
                                                              AA-(Stable)
Sunteck Realty Ltd                      Proposed NCD          ICRA         2000   Assigned
                                                              AA-(Stable)
Supreme Power Equipment Pvt Ltd         FB facility – CC      ICRA         40     Reaffirmed
                                                              BB-(Stable)
Surya Alloy Industries Ltd              FB -TL                ICRA B       1745.2 Reaffirmed
                                                              (Stable)
Surya Alloy Industries Ltd              FB – CC               ICRA B       897.1  Reaffirmed
                                                              (Stable)
Surya International                     LT - CC               ICRA         160    Reaffirmed
                                                              BB(Stable)
Susee Trucks Pvt Ltd                    LT - Fund Based - CC  ICRA B       60
                                                              (Stable)
Issuer Not Cooperating
Svf Entertainment Pvt Ltd (Earlier      FB/ Non-Fund Based    ICRA BBB+    300
Shree Venkatesh Films Pvt Ltd)          Working Capital Limits(Stable) /
                                                              ICRA A2+
Reaffirmed and removed from rating watch with negative implications
Svf Entertainment Pvt Ltd (Earlier      Unallocated Limit -   ICRA BBB+    50
Shree Venkatesh Films Pvt Ltd)                                (Stable) /
                                                              ICRA A2+
Reaffirmed and removed from rating watch with negative implications
Swayamprabha Udyam & Company            LT- Fund Based        ICRA B+      20
                                                              (Stable)
Review process is underway
Tamilnadu Urban Finance And             Bk Fac                ICRA         1047.1 Assigned
Infrastructure Development Corporation                        BBB+(Stable)
Ltd
Thermoset Poly Products (I) Pvt. Ltd.   Fund based - CC       ICRA D       50
Rating continues to remain under ‘Issuer Not Cooperating’ category
V Care Agritech                         LT/ST - Unallocated   ICRA B+      82.5   Reaffirmed
                                                              (Stable)/
                                                              ICRA A4
V Care Agritech                         LT – Fund Based/CC    ICRA B+      70     Reaffirmed
                                                              (Stable);
V Care Agritech                         LT- TL                ICRA B+      12.5   Reaffirmed
                                                              (Stable);
V Care Seeds Pvt Ltd                    LT – Fund Based/CC    ICRA B+      120    Reaffirmed
                                                              (Stable)
V Care Seeds Pvt Ltd                    LT- TL ST – Fund BasedICRA B+      24     Reaffirmed
                                                              (Stable)
V Care Seeds Pvt Ltd                    LT/ST - Unallocated   ICRA B+      36     Reaffirmed
                                                              (Stable)/ A4
Veepee Cotex Corporation                Fund based-TL         ICRA B       32.5
                                                              (Stable)
Rating continues to remain under ‘Issuer Not Cooperating’ category
Veepee Cotex Corporation                Fund based-CC         ICRA B       27.5
                                                              (Stable)
Rating continues to remain under ‘Issuer Not Cooperating’ category
Wonder Signs                            FB - CC (Sublimit of  ICRA B
                                        FLC)                  (Stable)
Rating continues to remain under ‘Issuer Not Cooperating’ category

--------------------------------------------------------------------------------------------
$: 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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