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ICRA ratings for Indian debt instruments-Mar 7
March 7, 2017 / 10:46 AM / 9 months ago

ICRA ratings for Indian debt instruments-Mar 7

   Mar 7 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of March 6, 2017.


COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Ample Technologies Pvt. Ltd.            ST- Non FBL           ICRA A3     20      Revised from
                                                                                  ICRA A3+
Ample Technologies Pvt. Ltd.            ST- Fund Based        ICRA A3     30      Revised from
                                                                                  ICRA A3+
Cherian Varkey Construction             ST - Non FBL          ICRA A3+    1100    Reaffirmed
Company Pvt Ltd
Garg Duplex And Paper Mills             Short–term non-fund   ICRA A4     30      Reaffirmed
Pvt Ltd                                 based
Homera Tanning Industries Pvt           Short–term non-fund   ICRA A4     122.4   Reaffirmed
Ltd                                     based
Newgen Software Technologies            ST FB                 ICRA A2+    600     Reaffirmed
Ltd
Newgen Software Technologies            ST Non FB             ICRA A2+    105     Reaffirmed
Ltd
Sunair Hotels Ltd                       Non FB limits         ICRA A2+    5       Reaffirmed
Sunair Hotels Ltd                       Unallocated           ICRA A2+    243.9   Reaffirmed
T S Alloys Ltd                          Non-FB Fac            ICRA A1+    50      Assigned
Techno Electric & Engineering           ST non-FB Fac         ICRA A1+    9750    Reaffirmed
Co. Ltd
Techno Electric & Engineering           ST FB Fac             ICRA A1+            Assigned
Co. Ltd
Windals Precision Pvt Ltd               ST Non-FBL            ICRA A3+    157.7   Outstanding

LONG TERM RATINGS:
-------------------
Ample Technologies Pvt. Ltd.            LT-CC                 ICRA BBB-   270     Revised from
                                                                                  ICRA BBB
Ample Technologies Pvt. Ltd.            LT- TL                ICRA BBB-   76      Revised from
                                                                                  ICRA BBB
Ample Technologies Pvt. Ltd.            Unallocated Limit     ICRA BBB-   104     Revised from
                                                              / ICRA A3           ICRA BBB /
                                                                                  ICRA A3+
Cherian Varkey Construction             LT - FBL              ICRA BBB    440     Reaffirmed
Company Pvt Ltd
Comet Technocom Pvt Ltd                 LT: FB : CC           ICRA BB     65      Reaffirmed
Comet Technocom Pvt Ltd                 LT and ST: Non        ICRA BB     2.5     Reaffirmed
                                        Fundbased : BG
Five-Star Business Finance Ltd          NCDs                  ICRA BBB+   240     Assigned
Five-Star Business Finance Ltd          LT fund based Bk Fac  ICRA BBB+   1000    Outstanding
Garg Duplex And Paper Mills             LT FB                 ICRA BB     82.5    Reaffirmed
Pvt Ltd
Garg Duplex And Paper Mills             Long/ST-Unallocated   ICRA]BB      27.5   Reaffirmed
Pvt Ltd                                                       /ICRA A4;
Hdfc Asset Management Co. Ltd           HDFC Capital          ICRA AAA            Withdrawn
                                        Protection Oriented   mfs (SO)
                                        Fund - Series II - 36M January 2014
Homera Tanning Industries Pvt           LT FB                 ICRA B      300     Reaffirmed
Ltd
Homera Tanning Industries Pvt           Long/ST               ICRA B /A4  45      Reaffirmed
Ltd                                     (Interchangeable)
Homera Tanning Industries Pvt           Unallocated           ICRA B /A4  1.2     Reaffirmed
Ltd
Kamala Board Box Pvt Ltd                FBL                   ICRA B+     80      Reaffirmed
M.D. Agro Foods                         LT FB limit           ICRA B+     250     Reaffirmed
Nabadigant Educational Trust            LT: FB : TL           ICRA BB     150     Reaffirmed;
                                                                                  suspension
                                                                                  revoked
Nabadigant Educational Trust            LT: FB : Corporate    ICRA BB     49.5    Reaffirmed;
                                        Mortgage                                  suspension
                                                                                  revoked
Nabadigant Educational Trust            LT: FB : Unallocated  ICRA BB     0.5     Reaffirmed;
                                                                                  suspension
                                                                                  revoked
Om Ginning And Pressing Factory         LT: FBL               ICRA BB-    66.5    Reaffirmed
Rideema Toll Bridge Pvt Ltd             NFBL                  ICRA  BB+   522     Revised from
                                                              (SO)                ICRA BBB-
                                                                                  (SO)
Rideema Toll Bridge Pvt Ltd             TL                    ICRA BB+    700     Revised from
                                                              (SO)                ICRA BBB-
                                                                                  (SO)
Sunair Hotels Ltd                       FB limits             ICRA BBB+   151.1   Reaffirmed
Suncity Synthetics Ltd                  LT FB CC              ICRA BB-    83.5    Reaffirmed
Suncity Synthetics Ltd                  LT FB TL              ICRA BB-    58      Reaffirmed
Suncity Synthetics Ltd                  Long- term non FB-BG  ICRA BB-    8.5     Reaffirmed
T S Alloys Ltd                          FB Fac                ICRA A+     250     Assigned
Techno Electric & Engineering           NCD                   ICRA AA-    300     Reaffirmed;
Co. Ltd                                                                           Outlook
                                                                                  revised 
                                                                                  to Positive
Techno Electric & Engineering           LT FB Fac             ICRA AA-    1360    Reaffirmed;
Co. Ltd                                                                           Outlook
                                                                                  revised 
                                                                                  to Positive
Techno Electric & Engineering           LT non-FB Fac         ICRA AA-    2840    Reaffirmed;
Co. Ltd                                                                           Outlook
                                                                                  revised 
                                                                                  to Positive
Techno Electric & Engineering           LT FB Fac             ICRA AA-            Reaffirmed;
Co. Ltd                                                                           Outlook
                                                                                  Revised
                                                                                  to Positive
Techno Electric & Engineering           LT non-FB Fac         ICRA AA-            Reaffirmed;
Co. Ltd                                                                           Outlook
                                                                                  revised 
                                                                                  to Positive
Triveni Enterprises                     CC                    ICRA B+     60      Reaffirmed
Windals Precision Pvt Ltd               TL                    ICRA BBB    306.9   Assigned /
                                                                                  Outstanding
Windals Precision Pvt Ltd               LT FBL                ICRA BBB    580     Assigned /
                                                                                  Outstanding
Windsor Industries Ltd                  CC                    ICRA BBB    99      Reaffirmed
--------------------------------------------------------------------------------------------
$: 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@thomsonreuters.com)

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