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ICRA ratings for Indian debt instruments-Jun 28
June 28, 2017 / 10:50 AM / 5 months ago

ICRA ratings for Indian debt instruments-Jun 28

    Jun 28 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of June 27, 2017.


COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Cmc Commutatorspvt Ltd                  ST NFBL               ICRA A4      16.5
Issuer not cooperating
Ericsson India Pvt Ltd                  CP                    ICRA A1      500     Downgraded
                                                                                   from ICRA A1+
Feedback Infra Pvt.Ltd.                 CP                    ICRA A4+     150     Withdrawn
Gmr Vemagiri Power Generation           Non FB Limit          ICRA A4      1400    Assigned
Ltd
Indo Vacuum Technologiespvt Ltd         ST Non-FBL            ICRA A4      5
Issuer not cooperating
M/S. Ardhendu Monda                     BG                    ICRA A4      20.2    Reaffirmed
Malhati Tea & Industries Ltd            NFBL                  ICRA A4      1.5     Reaffirmed
Milan Associates                        BG                    ICRA A4+     18      Reaffirmed
Omen Vitrified Pvt Ltd                  Non-FBL               ICRA A4      25.8    Reaffirmed
Rajvi Resorts & Hotels Pvt Ltd          Non-Fund Based        ICRA A4+     30      Reaffirmed
Regent Granito (India) Ltd              Non Fund Based        ICRA A4      150.3   Reaffirmed
Tasa Foods Pvt Ltd                      ST FBL                ICRA A4      220     Reaffirmed
Tasa Foods Pvt Ltd                      ST Non Fund Based Ltd ICRA A4      600     Reaffirmed
Tirupati Services Pvtltd                ST FB limits          ICRA A4      45      Reaffirmed

LONG TERM RATINGS:
-------------------
Asb Projects Ltd                        TL                    ICRA B+      125
Issuer not cooperating
Asb Projects Ltd                        Unallocated           ICRA B+      25
Issuer not cooperating
Bangalore Institute Of                  LT-TL                 ICRA B       99.5
Gastroenterology Pvt Ltd
Issuer not cooperating
Bangalore Institute Of                  LT Unallocated Limit  ICRA B       0.5
Gastroenterology Pvt Ltd
Issuer not cooperating
Bhima Jewellers                         LT –FB: Cash Credi    ICRA BBB     2710    Outstanding
Bhima Jewellers                         LT –FB: TL            ICRA BBB     422.5   Outstanding
                                                                                   /Assigned
Chamunda Electrical (P) Ltd             BLR                   ICRA B+/A4   85
Issuer not cooperating
Chennai Auto Agency Pvt Ltd             LT: FB Fac            ICRA BBB     150     Reaffirmed
Cmc Commutatorspvt Ltd                  LTCC                  ICRA B       30
Issuer not cooperating
Cmc Commutatorspvt Ltd                  LT TL                 ICRA B       20
Issuer not cooperating
Cmc Commutatorspvt Ltd                  LT unallocated Limit  ICRA B       33.5
Issuer not cooperating
Ess Kay Fincorp Pvt Ltd                 PTC Series A1         Provisional  173.9   Assigned
                                                              ICRA A(SO)
Ess Kay Fincorp Pvt Ltd                 PTC Series A2         Provisional  5.4     Assigned
                                                              ICRA BBB-(SO
Feedback Infra Pvt.Ltd.                 FB Bk Limits and TL   ICRA BB+     960     Withdrawn
Feedback Infra Pvt.Ltd.                 Non-fund Based Bk     ICRA BB+     950     Withdrawn
                                        Limits
Gmr Vemagiri Power Generation           CC                    ICRA B       600     Reaffirmed
Ltd
Gujarat Cotfib                          CC                    ICRA D       137.5   Revised from
                                                                                   ICRA B
Gujarat Cotfib                          BG                    ICRA D       3.3     Revised from
                                                                                   ICRA A4
Hansoge Enterprises Pvt Ltd             TL                    ICRA BBB-(S) 350     Assigned
Hansoge Enterprises Pvt Ltd             TL                    ICRA BBB(SO) 500     Outstanding
Hindustan Fibreglass Works              Bk Fac                ICRA B-      140
Issuer not cooperating
Indo Vacuum Technologiespvt Ltd         LTCC                  ICRA B       22
Issuer not cooperating
Indo Vacuum Technologiespvt Ltd         LT TL                 ICRA B       15
Issuer not cooperating
Indo Vacuum Technologiespvt Ltd         LT/STUnallocated LimitICRA B/ICRA  33.5
                                                              A4
Issuer not cooperating
Jainam Cables (India) Pvt Ltd           FB –CC                ICRA B+      100     Reaffirmed
Jainam Cables (India) Pvt Ltd           FB –TL                ICRA B+      4.5     Reaffirmed
Khed Economic Infrastructure            LT, TL                ICRA BB      6110    Downgraded
Pvt Ltd                                                                            from ICRA
                                                                                   BBB-
Lic Mutual Fund Asset                   LIC MF Capital        ICRA AAAmfs  -       Withdrawn
Management Ltd                          Protection Oriented
                                        Fund –Series 3
M/S. Ardhendu Monda                     CC                    ICRA B+      55      Assigned
M/S. Ardhendu Monda                     Unallocated Limits    ICRA B+      24.8    Assigned
Malhati Tea & Industries Ltd            FB –TL                ICRA B-      8.9     Reaffirmed
Malhati Tea & Industries Ltd            FB –Unallocated       ICRA B-      64.6    Reaffirmed
Malhati Tea & Industries Ltd            FBL                   ICRA B-      25      Reaffirmed
Malwa Automotives Pvt Ltd               FBL                   ICRA B+      170     Reaffirmed
Manaksia Aluminium Co. Ltd              TL                    ICRA A-      160     Withdrawn
Manaksia Coated Metals &                TL                    ICRA A-      200     Withdrawn
Industries Ltd
Manaksia Industries Ltd                 TL                    ICRA A-      148.5   Withdrawn
Milan Associates                        CC                    ICRA BB      70      Reaffirmed
National Electronics                    Bk Fac                ICRA BB-     60
Issuer not cooperating
New World Landmark Llp                  LT, FBL               ICRA BBB-    1200    Assigned
Omen Vitrified Pvt Ltd                  FB Limits             ICRA BB-     147     Reaffirmed
Omen Vitrified Pvt Ltd                  Unallocated Limits    ICRA BB-     70      Reaffirmed
R.S. Brothers Retail India Pvt          FB – CC               ICRA A -     650     Assigned /
Ltd                                                                                Outstanding
Rajvi Resorts & Hotels Pvt Ltd          FB                    ICRA BB+     420     Reaffirmed
Raman Agro Exports Pvt Ltd              TL                    ICRA B+      60      Reaffirmed
Issuer not cooperating
Raman Agro Exports Pvt Ltd              CC                    ICRA B+      40      Reaffirmed
Issuer not cooperating
Regent Granito (India) Ltd              Fund Based            ICRA B+      423.3   Reaffirmed
Riddhi Siddhi Jewellers                 FB –CC                ICRA B       65      Reaffirmed
Pvt.Ltd.
Riddhi Siddhi Jewellers                 Unallocated Limits    ICRA B       35      Reaffirmed
Pvt.Ltd.
Rlj Multigrain Pvt Ltd                  FB –TL                ICRA B       55      Reaffirmed
Rlj Multigrain Pvt Ltd                  FB – CC               ICRA B       65      Reaffirmed
S. K. Cotton Industries                 LT –fund based –TL    ICRA B       15      -
Review process is underway
S. K. Cotton Industries                 LT –fund based –CC    ICRA B       45      -
Review process is underway
Sasan Powerltd                          BLR                   ICRA BBB     201495
Review process is underway
Shri Banke Bihari Polyfab Pvt           Bk Fac                ICRA         100
Ltd                                                           B-/ICRA A4
Issuer not cooperating
Shri Krishna Autosales Pvt Ltd          FBL                   ICRA BB      260     Upgraded
                                                                                   from
                                                                                         BB-
Shri Tulsi Oil Products                 CC                    ICRA B+      55      Reaffirmed
Sidvin Core-Tech India Pvt Ltd          LT FB                 ICRA BB      104.3   Withdrawn
Sidvin Core-Tech India Pvt Ltd          LT UNALLOCATED        ICRA BB      5.7     Withdrawn
Sms Shivnath Infrastructure             NCD                   Provisional  1850    Assigned
Pvt Ltd                                                       ICRA AA
Tasa Foods Pvt Ltd                      LT FBL                ICRA BB-     97.5    Upgraded
                                                                                   from       B+
Tasa Foods Pvt Ltd                      LT Non FBL            ICRA BB-     10      Upgraded
                                                                                   from       B+
Tirupati Services Pvtltd                LT FB limits          ICRA BB      125     Reaffirmed
Unify Texturisers Pvt Ltd               FBL –TL               ICRA BB-     650     Reaffirmed
Issuer not cooperating
Unify Texturisers Pvt Ltd               FBL –CC               ICRA BB-     70      Reaffirmed
Issuer not cooperating
Unify Texturisers Pvt Ltd               Fund based/Non-FBL    ICRA BB- /   480     Reaffirmed
                                                              ICRA A4
Issuer not cooperating
Unitech Mercantile Pvt Ltd              Bk Fac                ICRA B-      120
Issuer not cooperating
Vst & Sons Pvt Ltd                      LT: FB Fac            ICRA BBB     200     Reaffirmed
Vst Motors Pvt Ltd                      LT: FB Fac            ICRA BBB     550     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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