November 16, 2015 / 4:57 AM / 2 years ago

India Ratings for Indian debt instruments - Nov 16

Nov 16 (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
November 13, 2015.

COMPANY                         INSTRUMENT                  RATING       AMOUNT   MOVEMENT
                                                                         (RS.MLN)
------                          ----------                  ------       ------   ---------
SHORT TERM RATINGS:
-------------------
HIM Teknoforge Ltd              NFB WC Limit               IND A3       350      Assigned
Omne Agate Systems Pvt Ltd      Fund Based WC Limit        IND A4+      760      Assigned
Omne Agate Systems Pvt Ltd      NFB WC Limit               IND A4+      925      Assigned
Perfect Alloy Components Pvt    NFB WC Limit               IND A2       175      Affirmed
Ltd
Perfect Alloy Components Pvt    Fund Based WC Limit        IND A2       2500     Affirmed
Ltd
Perfect Alloy Components Pvt    Fund Based WC Limit        IND A2       65       Affirmed
Ltd
Sagar Metallics                 Fund Based WC Limit        IND A4+      110      Assigned
Sanatan Merchants Pvt Ltd       NFB WC Limit               IND A4+      20       Assigned


LONG TERM RATINGS:
-------------------
Hdfc Da Psl Nov09               Second loss credit         IND A+(SO)   145.9    Affirmed
                                facility
Hdfc Da Psl Nov09               Purchaser payouts          IND AAA(SO)  1046.4   Affirmed
Hdfc Da Non-Psl Nov09           Purchaser payouts          IND AAA(SO)  949.2    Affirmed
Hdfc Da Non-Psl Nov09           second loss credit         IND AAA(SO)  143.4    Affirmed
                                facility
HIM Teknoforge Ltd              Fund Based WC Limit        IND BBB-     630      Assigned
IIERT September, 2013           Series A PTC               IND AA(SO)   1155.9   Affirmed
Indian Cables & Electricals     Fund Based WC Limit        IND BBB-     335      Assigned
Pvt Ltd
Indian Cables & Electricals     NFB WC Limit               IND BBB-     60       Assigned
Pvt Ltd
Omne Agate Systems Pvt Ltd      Fund Based WC Limit        IND BB+      760      Downgraded from
                                                                                 IND BBB+
Omne Agate Systems Pvt Ltd      NFB WC Limit               IND BB+      925      Downgraded from
                                                                                 IND BBB+
Perfect Alloy Components Pvt    Fund Based WC Limit        IND BBB      175      Affirmed
Ltd
Perfect Alloy Components Pvt    LT Issuer Rating           IND BBB      65       Affirmed
Ltd
Perfect Alloy Components Pvt    Fund Based WC Limit        IND BBB      45.46    Affirmed
Ltd
Sagar Metallics                 Fund Based WC Limit        IND BB-      110      Assigned
Sagar Metallics                 TL                         IND BB-      31.58    Assigned
Sanatan Merchants Pvt Ltd       Fund Based WC Limit        IND BB+      70       Assigned
-----------------------------------------------------------------------------------------------
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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