December 22, 2016 / 5:23 AM / a year ago

India Ratings for Indian debt instruments - Dec 22

Dec 22 (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
December 21, 2016.

COMPANY                         INSTRUMENT             RATING           AMOUNT   MOVEMENT
                                                                        (RS.MLN)
------                          ----------             ------           ------   ---------
SHORT TERM RATINGS:
-------------------
Claris Injectables Ltd          Fund Based WC Limit    IND A1           100      Rating Watch
                                                                                 Evolving
Claris Injectables Ltd          NFB WC Limit           IND A1           440      Rating Watch
                                                                                 Evolving
Claris Injectables Ltd          Fund Based WC Limit    IND A1           100      Rating Watch
                                                                                 Evolving
Claris Injectables Ltd          NFB WC Limit           IND A1           440      Rating Watch
                                                                                 Evolving
Dheepti Spices                  Fund Based WC Limit    IND A4           54       Assigned
Fullerton India Credit Co. Ltd  ST Issuer Rating       IND A1+                   Affirmed
Fullerton India Credit Co. Ltd  ST Debt                IND A1+          2500     Affirmed
Heligo Charters Pvt Ltd         Fund Based WC Limit    IND A3           210      Assigned
Heligo Charters Pvt Ltd         NFB WC Limit           IND A3           240      Assigned
Neogrowth Credit Pvt Ltd        CP                     IND A3+          100      Assigned

LONG TERM RATINGS:
-------------------
Akanksha Sales Promoters (I)    LT Issuer Rating       WD                        Withdrawn
Pvt Ltd
Akanksha Sales Promoters (I)    Fund Based WC Limit    WD               70       Withdrawn
Pvt Ltd
Akanksha Sales Promoters (I)    NFB WC Limit           WD               30       Withdrawn
Pvt Ltd
Akanksha Sales Promoters (I)    TL                     WD               10.1     Withdrawn
Pvt Ltd
Alagendira Exports              LT Issuer Rating       WD                        Withdrawn
Alagendira Exports              Fund Based WC Limit    WD               65       Withdrawn
Alagendira Exports              NFB WC Limit           WD               5        Withdrawn
Alagendira Exports              TL                     WD               19.9     Withdrawn
At-Dev Prabha                   NFB WC Limit           WD               90.4     Withdrawn
Bic Chemicals & Packagings Pvt. LT Issuer Rating       WD                        Withdrawn
Ltd
Bic Chemicals & Packagings Pvt. Fund Based WC Limit    WD               35       Withdrawn
Ltd
Bic Chemicals & Packagings Pvt. NFB WC Limit           WD               15       Withdrawn
Ltd
Charchco Electronics (I) Pvt LtdLT Issuer Rating       WD                        Withdrawn
Charchco Electronics (I) Pvt LtdFund Based WC Limit    WD               220      Withdrawn
Chennai Network Infrastructure  LT Issuer Rating       WD                        Withdrawn
Ltd
Chennai Network Infrastructure  TL                     WD               49620.7  Withdrawn
Ltd
Chennai Network Infrastructure  TL                     WD               2848.5   Withdrawn
Ltd
Chetan Alloys Pvt Ltd           LT Issuer Rating       WD                        Withdrawn
Chetan Alloys Pvt Ltd           Fund Based WC Limit    WD               200      Withdrawn
Chetan Alloys Pvt Ltd           Fund Based WC Limit    WD               200      Withdrawn
Claris Injectables Ltd          LT Issuer Rating       IND A                     Rating Watch
                                                                                 Evolving
Claris Injectables Ltd          Fund Based WC Limit    IND A            900      Rating Watch
                                                                                 Evolving
Claris Injectables Ltd          TL                     IND A            4170     Rating Watch
                                                                                 Evolving
Claris Injectables Ltd          LT Issuer Rating       IND A                     Rating Watch
                                                                                 Evolving
Claris Injectables Ltd          Fund Based WC Limit    IND A            900      Rating Watch
                                                                                 Evolving
Claris Injectables Ltd          TL                     IND A            4170     Rating Watch
                                                                                 Evolving
Claris Lifesciences Ltd         LT Issuer Rating       IND A                     Rating Watch
                                                                                 Evolving
Claris Lifesciences Ltd         CC                     WD               825      Withdrawn
Claris Lifesciences Ltd         Fund Based WC Limit    WD               175      Withdrawn
Claris Lifesciences Ltd         Fund/NFB WC Limit      WD               440      Withdrawn
Claris Lifesciences Ltd         Other                  WD               1910     Withdrawn
Dheepti Spices                  LT Issuer Rating       IND B                     Assigned
Dheepti Spices                  Fund Based WC Limit    IND B            54       Assigned
Eskay Video Pvt. Ltd            LT Issuer Rating       WD                        Withdrawn
Eskay Video Pvt. Ltd            Fund Based WC Limit    WD               50       Withdrawn
Eskay Video Pvt. Ltd            TL                     WD               100      Withdrawn
Essar Oil Ltd                   LT Issuer Rating       WD                        Withdrawn
Essar Oil Ltd                   External Commercial    WD               USD51    Withdrawn
                                Borrowing
Essar Oil Ltd                   TL                     WD               12300    Withdrawn
Exodus Futura Knit Pvt Ltd      LT Issuer Rating       WD                        Withdrawn
Exodus Futura Knit Pvt Ltd      Fund Based WC Limit    WD               86       Withdrawn
Exodus Futura Knit Pvt Ltd      NFB WC Limit           WD               5        Withdrawn
Exodus Futura Knit Pvt Ltd      TL                     WD               73       Withdrawn
Fullerton India Credit Co. Ltd  LT Issuer Rating       IND AA+                   Affirmed
Fullerton India Credit Co. Ltd  NCD                    IND AA+          3250     Affirmed
Fullerton India Credit Co. Ltd  Subordinated Debt      IND AA+          4250     Affirmed
Heera Moti Textile India Pvt LtdLT Issuer Rating       WD                        Withdrawn
Heera Moti Textile India Pvt LtdFund Based WC Limit    WD               30       Withdrawn
Heera Moti Textile India Pvt LtdTL                     WD               20.92    Withdrawn
Heligo Charters Pvt Ltd         LT Issuer Rating       IND BBB-                  Assigned
Heligo Charters Pvt Ltd         Fund Based WC Limit    IND BBB-         210      Assigned
Heligo Charters Pvt Ltd         TL                     IND BBB-         150      Provisional
Iskcon Strips Pvt Ltd           LT Issuer Rating       IND BB+                   Assigned
Iskcon Strips Pvt Ltd           Fund Based WC Limit    IND BB+          70       Assigned
Iskcon Strips Pvt Ltd           TL                     IND BB+          7.4      Assigned
K Raheja It Park (Hyderabad) LtdNCD                    IND AAA(SO)      5000     Provisional
Karan Kothari Jewellers Pvt Ltd LT Issuer Rating       WD                        Withdrawn
Karan Kothari Jewellers Pvt Ltd Fund Based WC Limit    WD               580      Withdrawn
Karan Kothari Jewellers Pvt Ltd NFB WC Limit           WD               50       Withdrawn
Karan Kothari Jewellers Pvt Ltd TL                     WD               9.5      Withdrawn
M S Metals And Steels Pvt Ltd   Fund Based WC Limit    IND A-                    Provisional
M S Metals And Steels Pvt Ltd   LT Issuer Rating       WD                        Withdrawn
M S Metals And Steels Pvt Ltd   Fund Based WC Limit    WD               1600     Withdrawn
Megha Granules Pvt Ltd          LT Issuer Rating       WD                        Withdrawn
Megha Granules Pvt Ltd          Fund Based WC Limit    WD               268.8    Withdrawn
Megha Granules Pvt Ltd          NFB WC Limit           WD               30       Withdrawn
Megha Granules Pvt Ltd          TL                     WD               654      Withdrawn
Mistry Construction Company Pvt LT Issuer Rating       WD                        Withdrawn
Ltd
Mistry Construction Company Pvt CC                     WD               150      Withdrawn
Ltd
Mistry Construction Company Pvt NFB WC Limit           WD               340      Withdrawn
Ltd
N.N. Global Mercantile Pvt. Ltd.LT Issuer Rating       WD                        Withdrawn
N.N. Global Mercantile Pvt. Ltd.Fund Based WC Limit    WD               300      Withdrawn
N.N. Global Mercantile Pvt. Ltd.NFB WC Limit           WD               50       Withdrawn
Neogrowth Credit Pvt Ltd        NCD                    IND BBB          500      Provisional
Nextgen Fibres Pvt Ltd          LT Issuer Rating       WD                        Withdrawn
Nextgen Fibres Pvt Ltd          Fund Based WC Limit    WD               40       Withdrawn
Nextgen Fibres Pvt Ltd          NFB WC Limit           WD               5        Withdrawn
Nextgen Fibres Pvt Ltd          TL                     WD               80       Withdrawn
Nilachal Carbo Metalicks Pvt    LT Issuer Rating       WD                        Withdrawn
Ltd
Nilachal Carbo Metalicks Pvt    Fund Based WC Limit    WD               20       Withdrawn
Ltd
Nilachal Carbo Metalicks Pvt    NFB WC Limit           WD               123      Withdrawn
Ltd
Nilachal Carbo Metalicks Pvt    TL                     WD               577.5    Withdrawn
Ltd
Polypet Flexible Packaging Pvt  LT Issuer Rating       WD                        Withdrawn
Ltd
Polypet Flexible Packaging Pvt  Fund Based WC Limit    WD               97.5     Withdrawn
Ltd
Polypet Flexible Packaging Pvt  NFB WC Limit           WD               31.5     Withdrawn
Ltd
Premier Power Products          LT Issuer Rating       WD                        Withdrawn
(Calcutta) Pvt. Ltd.
Premier Power Products          Fund Based WC Limit    WD               68.3     Withdrawn
(Calcutta) Pvt. Ltd.
Premier Power Products          NFB WC Limit           WD               50       Withdrawn
(Calcutta) Pvt. Ltd.
Premier Power Products          TL                     WD               13.3     Withdrawn
(Calcutta) Pvt. Ltd.
Shakuntala Warehouse            LT Issuer Rating       IND B+                    Assigned
Shakuntala Warehouse            Fund Based WC Limit    IND B+           174      Assigned
Shri Mahabir Dyg & Ptg Mills    LT Issuer Rating       IND BB+                   Upgraded from
Pvt. Ltd.                                                                        IND BB
Shri Mahabir Dyg & Ptg Mills    Fund Based WC Limit    IND BB+          300      Upgraded from
Pvt. Ltd.                                                                        IND BB
Sky Realty Projects Pvt Ltd     LT Issuer Rating       WD                        Withdrawn
Sky Realty Projects Pvt Ltd     TL                     WD               1600     Withdrawn
Sri Srinivasa Construction      LT Issuer Rating       WD                        Withdrawn
India Pvt Ltd
Sri Srinivasa Construction      Fund Based WC Limit    WD               50       Withdrawn
India Pvt Ltd
Sri Srinivasa Construction      NFB WC Limit           WD               430      Withdrawn
India Pvt Ltd
Standard Leather Pvt Ltd        LT Issuer Rating       WD                        Withdrawn
Standard Leather Pvt Ltd        Fund Based WC Limit    WD               20       Withdrawn
Standard Leather Pvt Ltd        NFB WC Limit           WD               5        Withdrawn
Standard Leather Pvt Ltd        TL                     WD               29       Withdrawn
Sudarshan Beopar Co. Ltd        LT Issuer Rating       WD                        Withdrawn
Sudarshan Beopar Co. Ltd        Fund Based WC Limit    WD               110      Withdrawn
Sumit Pragati Shelter Llp       LT Issuer Rating       WD                        Withdrawn
Sumit Pragati Shelter Llp       TL                     WD               275      Withdrawn
Tridev Ispat Pvt Ltd            LT Issuer Rating       WD                        Withdrawn
Tridev Ispat Pvt Ltd            Fund Based WC Limit    WD               40       Withdrawn
Tridev Ispat Pvt Ltd            TL                     WD               11       Withdrawn
-----------------------------------------------------------------------------------------------
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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