January 13, 2017 / 4:46 AM / 10 months ago

India Ratings for Indian debt instruments - Jan 13

Jan 13 (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
January 12, 2017.

COMPANY                         INSTRUMENT                  RATING       AMOUNT   MOVEMENT
                                                                         (RS.MLN)
------                          ----------                  ------       ------   ---------
SHORT TERM RATINGS:
-------------------
Origin Minerals Pvt Ltd         Non-FB WC              IND A4+          350      Assigned
Origin Minerals Pvt Ltd         Proposed non-FB WC     IND A4+          550      Assigned
Remi Process Plant & Machinery  Non-FB WC Fac          IND A4+          80       Assigned
Ltd
Remi Sales And Engineering Ltd  Non-FB WC Fac          IND A3           16.5     Assigned
Trident Chemphar Ltd            Non-FB WC              IND A2+          890      Assigned
Vama Industries Ltd             Non-FB WC limits       IND A4+          750      Affirmed
Kinjal Chemical Pvt Ltd         FB Fac                 IND BB / IND A4+ 140      Assigned
Multifilms Plastics Pvt Ltd     TL                     IND BB           9.3      Affirmed
(reduced from INR 12.1 CR)
Multifilms Plastics Pvt Ltd     FBL                    IND BB / IND A4+ 50       Affirmed
Multifilms Plastics Pvt Ltd     Non-FB limits          IND BB / IND A4+ 40       Affirmed
Omniactive Health Technologies  Non-FB loans           IND A2/RWE       40       Rating Watch
Ltd                                                                              on Evolving
                                                                                 (RWE)
Omniactive Health Technologies  WC Fac                 IND BBB+/IND     850      Rating Watch
Ltd                                                    A2/RWE                    on Evolving
                                                                                 (RWE)
Omniactive Health Technologies  TL                     IND BBB+/RWE     229.4    Rating Watch
Ltd                                                                              on Evolving
                                                                                 (RWE)
Origin Minerals Pvt Ltd         FB WC                  IND BB+ / IND A4+50       Assigned
Origin Minerals Pvt Ltd         Proposed FB WC         IND BB+ / IND A4+50       Assigned
Priyanka Communications (I) Pvt FB limits              IND BBB+         940      Assigned
Ltd
Priyanka Communications (I) Pvt Non-FB limits          IND BBB+ /IND A2 260*     Assigned
Ltd
* Letter of credit facility interchangeable with fund-based cash credit limits.
Priyanka Communications (I) Pvt Proposed FB limits     IND BBB+#        260      Assigned
Ltd
# The ratings are provisional and shall be confirmed upon the sanction and execution of loan
documents for the proposed facilities by PCIPL to the satisfaction of Ind-Ra.
Priyanka Communications (I) Pvt Proposed non-FB limits IND BBB+# / IND  540*     Assigned
Ltd                                                    A2*
* Letter of credit facility interchangeable with fund-based cash credit limits
# The ratings are provisional and shall be confirmed upon the sanction and execution of loan
documents for the proposed facilities by PCIPL to the satisfaction of Ind-Ra.
Remi Process Plant & Machinery  FB WC Fac              IND BB+          50       Assigned
Ltd
Remi Sales And Engineering Ltd  FB WC Fac              IND BBB-         67.5     Assigned
Trident Chemphar Ltd            FB WC                  IND A-/Stable/   440      Assigned
                                                       IND A2+
Vama Industries Ltd             Proposed FB WC limits  -                350      Withdrawn
(Withdrawn as the company did not proceed with the instrument as envisaged)
Vama Industries Ltd             Proposed non-FB WC     -                500      Withdrawn
                                limits
(Withdrawn as the company did not proceed with the instrument as envisaged)
Vama Industries Ltd             FB WC limits           IND BB / IND A4+ 750      Affirmed

-----------------------------------------------------------------------------------------------
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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