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India Ratings for Indian debt instruments - Dec 28
December 28, 2016 / 8:25 AM / a year ago

India Ratings for Indian debt instruments - Dec 28

Dec 28 (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 27, 2016.

COMPANY                         INSTRUMENT             RATING         AMOUNT     MOVEMENT
                                                                     (RS.MLN)
------                          ----------            ------          ------     ---------
SHORT TERM RATINGS:
-------------------
Amri Hospitals Ltd              ST                     IND A2+(SO)      -        Affirmed
Ashika Commercial Pvt Ltd       non-FB limits          IND A4           70       Withdrawn
Ayodhya Flour Mills Pvt Ltd     FB WC limit            IND A4+          140      Withdrawn
Ess Kay Fabrications            non-FB limits          IND A4+          50       Withdrawn
Pearl International Tours And   non-FB WC limits       IND A4+          60       Withdrawn
Travels Ltd
Pragjyotish Infrastructure Pvt  NFBL                   IND A4+          100      Withdrawn
Ltd
S.B. Enterprises                non-FB facility        IND A4+          40       Withdrawn
S.S. Infrazone Pvt Ltd          non-FB limits          IND A4+          495      Affirmed
(increased from INR290 million)
Schenck Process India Ltd       non-FB WC limit        IND A3           316      Withdrawn
Sheel Chand Agroils Pvt Ltd     non-FB limits          IND A4+          1575     Withdrawn
Vastram India Pvt Ltd           ST                     IND A4+          100      Withdrawn
Vihaan Infin And Exim Pvt Ltd   FB WC limits           IND A4+          150      Withdrawn
Zkl Bearings (I) Pvt Ltd        non-FB WC limit        IND A4+          150      Withdrawn

LONG TERM RATINGS:
-------------------
Amri Hospitals Ltd              FB limits              IND A-(SO)       600      Affirmed
(increased from INR500 million)
Ashika Commercial Pvt Ltd       FB limits              IND B-           150      Withdrawn
Ashika Commercial Pvt Ltd       long-TL                IND B-           88.5     Withdrawn
Atc Foods Pvt Ltd               FBL                    IND BB- / IND    650      Suspended
                                                       A4+
Dewsoft Fabrication Pvt Ltd     TL                     IND B            70       Withdrawn
Dewsoft Fabrication Pvt Ltd     FBL                    IND B / IND A4   50       Withdrawn
Dhamra Port Co. Ltd             Bk loans               IND A+           30000    Withdrawn
Dhamra Port Co. Ltd             WC facility            IND AA-          2000     Upgraded from
                                                                                 IND A+
Dhamra Port Co. Ltd             Bk loans               IND AA-          5000     Assigned
Dhamra Port Co. Ltd             bonds                  IND AA-(SO)      5000     Withdrawn
Dhruv Oil & Protein             FB WC limit            IND B+           85       Withdrawn
Dhruv Oil & Protein             TL                     IND B+           38.5     Withdrawn
Ess Kay Fabrications            TL limits              IND BB           32.5     Withdrawn
Ess Kay Fabrications            FB WC limits           IND BB / IND A4+ 35       Withdrawn
Gupta Machine Tools Ltd         und-based WC facility  IND A- / IND A2+ 270      Withdrawn
Gupta Machine Tools Ltd         non-FB WC facility     IND A- / IND A2+ 260      Withdrawn
Gurunanak Industries            FB WC limit            IND B-           62.5     Withdrawn
Hira Automobiles Ltd'S          FB WC limits           IND BB / IND A4  320      Affirmed
(increased from INR250 million) 
Indian Receivable Trust         Series A1 PTC          IND AAA(SO)      2761.7   Assigned
Indian Receivable Trust         Series A2 PTCs         IND AAA(SO)      1705.9   Assigned
Indian Receivable Trust         second loss credit     IND BBB(SO)      424.4    Assigned
                                facility
Jmd Oils Pvt Ltd                TL                     IND B            75       Withdrawn
Jmd Oils Pvt Ltd                FBL                    IND B / IND A4   2800     Withdrawn
Jmd Oils Pvt Ltd                NFBL                   IND B / IND A4   5190     Withdrawn
Kanpur Edibles Pvt Ltd          LT loans               IND BBB-         70       Affirmed
Kanpur Edibles Pvt Ltd          FB limits              IND BBB- / IND A3400      Affirmed
Kanpur Edibles Pvt Ltd          non-FB limits          IND BBB- / IND A34000     Affirmed
Lakecity Infrastructure Pvt Ltd FBL                    IND BB-          44       Withdrawn
Lakecity Infrastructure Pvt Ltd TL                     IND BB-          24.01    Withdrawn
Lakecity Infrastructure Pvt Ltd TL                     IND BB-          32       Withdrawn
My Box Technologies Pvt. Ltd    FB and non-FB WC limitsIND A- / IND A2+ 440      Assigned
Paragon Industries Ltd          FBL                    IND BBB-         600      Withdrawn
Paragon Industries Ltd          TL                     IND BBB-         40       Withdrawn
Pearl International Tours And   fund/non-FB WC limits  IND BB / IND A4+ 87       Withdrawn
Travels Ltd
Pearl International Tours And   fund/non-FB WC limits  IND BB / IND A4+ 13       Withdrawn
Travels Ltd
Pragjyotish Infrastructure Pvt  FBL                    IND BB-          90       Withdrawn
Ltd
Ram Aabhoshan                   FB WC limits           IND BB- / IND A4+150      Withdrawn
Ranjeet Automobiles             long-TL                IND BB           172.6    Withdrawn
Ranjeet Automobiles             FB limits              IND BB           300      Withdrawn
Royal Agrofoods Pvt Ltd         FB Bk Fac.             IND BB- / 'IND   60       Withdrawn
                                                       A4+
S&P Infrastructure Developers   FB limits              IND BB+ / IND A4+10       Withdrawn
Pvt Ltd
S&P Infrastructure Developers   non-FB limits          IND BB+ / IND A4+340      Withdrawn
Pvt Ltd
S&P Infrastructure Developers   non-FB limits          IND BB+ / IND A4+300      Withdrawn
Pvt Ltd
S.B. Enterprises                FB WC limit            IND BB- / IND A4+20       Withdrawn
S.S. Infrazone Pvt Ltd          FB limits              IND BB+ / IND A4+5        Affirmed
Sai Maithili Power Company Pvt  Bk loans               IND BB+          630      Downgraded
Ltd                                                                              from IND BBB-
(outstanding INR466.2 million)
Schenck Process India Ltd       FB WC limit            IND BBB-         200      Withdrawn
Sheel Chand Agroils Pvt Ltd     FB limits              IND BB+          400      Withdrawn
Soni Ginning Factory            FBWCL                  IND B+           60       Withdrawn
Tamil Nadu Generation And       Bk loans               IND A(SO)        146200   Assigned
Distribution Corporation Ltd
Tamil Nadu Generation And       Bk loans               IND A(SO)        147805   Assigned
Distribution Corporation Ltd
Tamil Nadu Generation And       Bk loans               IND A(SO)        19539.5  Assigned
Distribution Corporation Ltd
Tamil Nadu Generation And       Bonds                  IND A(SO)        1000     Assigned
Distribution Corporation Ltd
(part of  INR40 billion bonds)
Tamil Nadu Generation And       Bonds                  IND A(SO)        7147     Assigned
Distribution Corporation Ltd
(reduced from INR8.147 billion and part of  INR40 billion bonds)
Tamil Nadu Generation And       Bonds                  IND A(SO)        6335     Assigned
Distribution Corporation Ltd
 (part of INR40 billion bond programme)
Tamil Nadu Generation And       Bonds                  IND A(SO)        10000    Assigned
Distribution Corporation Ltd
 (part of INR40 billion bond programme)
Tamil Nadu Generation And       Bonds                  IND A(SO)        10000    Assigned
Distribution Corporation Ltd
 (part of INR40 billion bond programme)
Tamil Nadu Generation And       Bonds                  IND A(SO)        5018     Assigned
Distribution Corporation Ltd
 (part of INR40 billion bond programme)
Tamil Nadu Generation And       Bonds                  IND A(SO)        500      Assigned
Distribution Corporation Ltd
 (part of INR40 billion bond programme)
Tamil Nadu Generation And       Bonds                  IND A(SO)        4353000  Assigned
Distribution Corporation Ltd
Tamil Nadu Generation And       CC WC Fac              IND BBB+         40000    Assigned
Distribution Corporation Ltd
Tamil Nadu Generation And       non-FB WC Fac          IND BBB+         27654    Assigned
Distribution Corporation Ltd
Tamil Nadu Generation And       non-FB WC Fac          IND BBB+         8350     Assigned
Distribution Corporation Ltd
Vastram India Pvt Ltd           LT                     -                100      Withdrawn
Vastum India Ltd                FB limit               IND B-           50       Withdrawn
Vastum India Ltd                TL                     IND B-           100      Withdrawn
Veeaar Fabware Pvt Ltd'S        LT                     IND B+           150      Withdrawn
Vishal Coaters Ltd              TL                     IND BB           2.63     Withdrawn
Vishal Coaters Ltd              FBL                    IND BB / IND A4+ 25       Withdrawn
Yadu Sugar Ltd                  FB WC limits.          IND B / IND A4   1020     Withdrawn
Yes Bank Ltd                    Infrastructure bonds   IND AA+          3300     Assigned
Zlatan Ifmr Capital 2016        Series A1 PTCs         IND A(SO)        479.9    Assigned
Zlatan Ifmr Capital 2016        Series A2 PTCs         IND A(SO)        479.9    Assigned
Zlatan Ifmr Capital 2016        Series A3 PTCs         IND A-(SO)       274.2    Assigned
Zlatan Ifmr Capital 2016        Series A4 PTCs         IND BBB-(SO)     13.7     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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