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India Ratings for Indian debt instruments – Apr 17
April 17, 2017 / 6:46 AM / 7 months ago

India Ratings for Indian debt instruments – Apr 17

    Apr 17 (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
April 13, 2017.

COMPANY                         INSTRUMENT                  RATING       AMOUNT   MOVEMENT
                                                                         (RS.MLN)
------                          ----------                  ------       ------   ---------
SHORT TERM RATINGS:
-------------------
Agarwal Life Sciences Pvt Ltd   Non-FB WC Fac          IND A4+          10       Assigned
B.S. Builders                   NFB-limit              IND A4           30       Migrated to
                                                                                 Non-Cooperating
                                                                                 Category
Blue Dart Express Ltd’S         Proposed CP/ST debt    IND A1+          300      Affirmed
                                programme
Gangamai Industries And         Non-FB Fac             IND A3           250      Assigned
Constructions Ltd
Hans Rubber & Sports Pvt Ltd’S  NFBL                   IND A4           10       Migrated to
                                                                                 Non-Cooperating
                                                                                 Category
Hypercity Retail (I) Ltd        ST CP                  IND A1(SO)       500      Affirmed
Jagdish Saran’S                 Non-FB limit           IND A4+          200      Migrated to
                                                                                 Non-Cooperating
                                                                                 Category
                                                                                 Category 
Jogindra Castings Pvt Ltd       Non-FB limits          IND A4+          30       Assigned
Kct Trading Pvt. Ltd.’S         FB limit               IND A2           50       Assigned
Preeti Buildcon Pvt Ltd’S       Non-FB limits          IND A4+          24       Migrated to
                                                                                 Non-Cooperating
                                                                                 Category
                                                                                 Category 
Shoppers Stop Ltd               CP                     IND A1           500      Affirmed
Shoppers Stop Ltd               ST CP                  IND A1           1000     Affirmed
Sterling And Wilson Pvt Ltd’S   CP*                    IND A1+          3000     Affirmed
Western India Forgings Pvt.     Non-FB-WC limits       IND A2+          312      Affirmed
Ltd.’S
3B Infrastructure Pvt Ltd       TL                     IND BB-          165      Migrated to
                                                                                 Non-Cooperating
                                                                                 Category
3B Infrastructure Pvt Ltd’S     FBL                    IND BB- /IND A4+ 10       Migrated to
                                                                                 Non-Cooperating
                                                                                 Category

LONG TERM RATINGS:
-------------------
Agarwal Life Sciences Pvt Ltd   FB WC Fac              IND BB+ /IND A4+ 60       Assigned
Amba Foods                      FBL                    IND B /IND A4    90       Migrated to
                                                                                 Non-Cooperating
                                                                                 Category
Aquarious Marketing Pvt Ltd’S   FB WC limits           IND BB /IND A4+  70       Affirmed
Arpit Projects Ltd’S            TL                     IND BB           1490     Migrated to
                                                                                 Non-Cooperating
                                                                                 Category
B.S. Builders                   FB limit               IND B+ / IND A4  40       Migrated to
                                                                                 Non-Cooperating
                                                                                 Category
Blue Dart Express Ltd’S         NCDs (NCDs)*           IND AA           3322     Affirmed
Gangamai Industries And         TL                     IND BBB-         126.6    Assigned
Constructions Ltd
Gangamai Industries And         FB WC                  IND BBB- / IND A32240     Assigned
Constructions Ltd
Hans Rubber & Sports Pvt Ltd’S  TL                     IND B            58       Migrated to
                                                                                 Non-Cooperating
                                                                                 Category
Hans Rubber & Sports Pvt Ltd’S  FBL                    IND B /IND A4    50       Migrated to
                                                                                 Non-Cooperating
                                                                                 Category
Herman Properties Pvt Ltd       TL                     IND BB-          150      Assigned
Herman Properties Pvt Ltd       FBL                    IND BB- / IND A4+50       Assigned
Indian Art Gallery’S            FBL                    IND BB- / IND A4+100      Migrated to
                                                                                 Non-Cooperating
                                                                                 Category
Jagdish Saran’S                 FB limit               IND BB /IND A4+  65       Migrated to
                                                                                 Non-Cooperating
                                                                                 Category
Jogindra Castings Pvt Ltd       FB WC limits           IND BB+ / IND    70       Assigned
                                                       A4+
Krishna Valley Power Pvt Ltd    TL (LT)                IND D            146.85   Assigned
Kumbakonam Municipality         LT                     IND BB+          -        Assigned
M/S Suresh Kumar And Brothers   TL                     IND B+           13.4     Migrated to
                                                                                 Non-Cooperating
                                                                                 Category
M/S Suresh Kumar And Brothers   Proposed FB limit      IND B+           56.6     Migrated to
                                                                                 Non-Cooperating
                                                                                 Category
M/S Suresh Kumar And Brothers   FB WC Limit            IND B+ / IND A4  130      Migrated to
                                                                                 Non-Cooperating
                                                                                 Category
Mohamad Israil Cold Storage Pvt FB WC limit            IND B            23.9     Assigned
Ltd
Mohamad Israil Cold Storage Pvt Long-TL                IND B            50.18    Assigned
Ltd
N.C.John & Sons (P) Ltd         FB Fac                 IND BB+          2750     Assigned
Preeti Buildcon Pvt Ltd’S       FB limits              IND BB+ /IND A4+ 40       Migrated to
                                                                                 Non-Cooperating
                                                                                 Category
Raghunandan Jewellers (Delhi)   FB limit               IND B            90       Migrated to
Pvt Ltd                                                                          Non-Cooperating
                                                                                 Category
Shiv Shakti Exporters Pvt Ltd’S FB WC limits           IND BB- /IND A4+ 350      Migrated to
                                                                                 Non-Cooperating
                                                                                 Category
Shree Radhe Shyam Oil Mill’S    FBL                    IND B /IND A4    75       Migrated to
                                                                                 Non-Cooperating
                                                                                 Category
Shubh Rice Exports Pvt Ltd’S    TL                     IND B            32.88    Migrated to
                                                                                 Non-Cooperating
                                                                                 Category
Shubh Rice Exports Pvt Ltd’S    FB WC limits           IND B /IND A4    150      Migrated to
                                                                                 Non-Cooperating
                                                                                 Category
Sterling And Wilson Pvt Ltd     FB limits              IND AA- /IND A1+ 3000     Affirmed
Sterling And Wilson Pvt Ltd     Non-FB limits          IND AA- /IND A1+ 70000    Affirmed
Sterling And Wilson Pvt Ltd     Proposed non-FB        IND AA- /IND A1+ 5990     Affirmed
                                limits
Sterling And Wilson Pvt Ltd     Proposed FB limits**   IND AA- /IND A1+ 10       Affirmed
Sterling And Wilson Pvt Ltd     Proposed non-FB        IND AA- /IND A1+ 20000    Assigned
                                limits
Thanjavur Municipal Corporation LT                     IND BBB-         -        Assigned
Vijay Jindal Builders Pvt Ltd’S FBL                    IND BB+ /IND A4+ 60       Migrated to
                                                                                 Non-Cooperating
                                                                                 Category
Vijayalakshmi Hydro Power Pvt   TL I (LT)              IND D            77.74    Assigned
Ltd
Vijayalakshmi Hydro Power Pvt   TL II (LT)             IND D            9.04     Assigned
Ltd
Western India Forgings Pvt.     FB WC facility         IND A-           765      Affirmed
Ltd.’S
Western India Forgings Pvt.     TL                     IND A-           250      Affirmed
Ltd.’S
-----------------------------------------------------------------------------------------------
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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