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India Ratings for Indian debt instruments - Oct 15
October 15, 2015 / 4:58 AM / 2 years ago

India Ratings for Indian debt instruments - Oct 15

Oct 15 (Reuters) - Below are the ratings awarded by India Ratings and Research Private Ltd
(India Ratings), formerly known as Fitch Ratings India for local debt instruments as of
October 14, 2015.

COMPANY                         INSTRUMENT                  RATING       AMOUNT   MOVEMENT
                                                                         (RS.MLN)
------                          ----------                  ------       ------   ---------
SHORT TERM RATINGS:
-------------------
Cnn Minerals Pvt Ltd            Non-FB limit               IND A4+      60       Suspended
Ganga Plastic Products Pvt      Non-FB limits              IND A4+      60       Suspended
Ltd
Joharilal Agarwala Sales Pvt    Non-FB limit               IND A4+      50       Suspended
Ltd
K. L. Rathi Steels Ltd          Non-FB limit               IND A4+      15       Assigned
S.B. Enterprises                Non-FB facility            IND A4+      40       Assigned
Shree Tel-Fab Industries Pvt    Non-FB limit               IND A4+      137.5    Suspended
Ltd
Sri Balmukund Polyplast Pvt     Non-FB limit               IND A4+      85       Suspended
Ltd
Starshine Nirman Pvt Ltd        Non-FB limits              IND A4+      250.5    Suspended

LONG TERM RATINGS:
-------------------
Agarwala'S Polytrade Pvt Ltd    FB limits                  IND BB-      170      Suspended
Agarwala'S Polytrade Pvt Ltd    Non-FB limits              IND BB-      30       Suspended
Cnn Minerals Pvt Ltd            FB limit                   IND BB-      80       Suspended
Ganga Plastic Products Pvt      FB limits                  IND BB-      60       Suspended
Ltd
Hotel Swosti Pvt. Ltd           TL                         IND BB       48.45    Assigned
Hotel Swosti Pvt. Ltd           FB WC limit                IND BB       7.5      Assigned
Joharilal Agarwala Sales Pvt    FB limit                   IND BB-      230      Suspended
Ltd
John Energy Ltd                 LT loan                    IND A-       941      Assigned
John Energy Ltd                 External commercial        IND A-       3460.6   Assigned
                                borrowings
John Energy Ltd                 WC limits                  IND A- /     1290.6   Assigned
                                                           IND A2+      
John Energy Ltd                 Non FB limits              IND A- /      1776.1   Assigned
                                                           IND A2+
John Energy Ltd                 PS                         IND BBB+     750      Assigned
K. L. Rathi Steels Ltd          FB limit                   IND BB /     400      Assigned
                                                           IND A4+
Mahavir Ore & Sponge Pvt Ltd    FB limits                  IND BB-      75       Suspended
N.A.M. Expressway Ltd           Senior project Bk          IND D        10600    Affirmed
                                loans
S.B. Enterprises                FB WC limit                IND BB-/     20       Assigned
                                                           IND A4+
Shree Tel-Fab Industries Pvt    FB limit                   IND BB-      100      Suspended
Ltd
Sri Balmukund Polyplast Pvt     FB limit                   IND BB-      367      Suspended
Ltd
Starshine Nirman Pvt Ltd        FB limits                  IND BB-      40       Suspended
-----------------------------------------------------------------------------------------------
Note:- All Indian National-scale ratings previously assigned by Fitch have been transferred to
India Ratings & Research Private Ltd (India Ratings), which is a wholly owned subsidiary of the
Fitch Group. The withdrawn criteria are now available on India Ratings' website at
www.indiaratings.co.in

$: 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

INDIA RATINGS 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; RWN- Rating
Watch Negative;
RWN- Rating Watch Evolve.

(Mumbai Rate Reporting Unit + 91 22 6180 7222 / 3317 7222, E-mail at
rru.data@thomsonreuters.com)

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