April 25, 2017 / 10:15 AM / 8 months ago

ICRA ratings for Indian debt instruments-Apr 25

    Apr 25 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of April 24, 2017.


COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Asm Technologies Ltd                    ST – Fund based (SLC) ICRA A3+     19.5    Reaffirmed
Asm Technologies Ltd                    ST – Interchangeable  ICRA A3+             Reaffirmed
Asm Technologies Ltd                    ST – Non Fund Based   ICRA A3+     10      Reaffirmed
Iifl Facilities Services Ltd            IPO financing         ICRA A1+     20000   Withdrawn
                                        Programme
Iifl Facilities Services Ltd            ST Debt Programme     ICRA A1+     7000    Outstanding
Iifl Wealth Finance Ltd                 CP Programme (IPO     ICRA A1+     70000   Withdrawn
                                        financing)
Iifl Wealth Finance Ltd                 CP Programme          ICRA A1+     40000   Outstanding
Iifl Wealth Management Ltd              CP Programme (IPO     ICRA A1+     20000   Withdrawn
                                        financing)
Iifl Wealth Management Ltd              ST Debt Programme     ICRA A1+     5000    Outstanding
India Infoline Finance Ltd              IPO Financing         ICRA A1+     120000  Withdrawn
                                        Programme
India Infoline Finance Ltd              ST Debt Programme     ICRA A1+     70000   Outstanding
India Infoline Ltd                      IPO Financing         ICRA A1+     5000    Withdrawn
                                        Programme
India Infoline Ltd                      ST Bk lines           ICRA A1+     6500    Outstanding
J C Construction Pvt Ltd                ST- BG                ICRA A4      110     Reaffirmed
Pv Knit Fashions                        Short–term: Non-FB    ICRA A4      1.5     Reaffirmed
                                        Fac
Tps Infrastructure Ltd                  Non-FBL               ICRA A3+     960     Assigned

LONG TERM RATINGS:
-------------------
Asm Technologies Ltd                    LT – Fund Based (CC)  ICRA BBB     120     Reaffirmed
enhanced from 8.40 CR
Asm Technologies Ltd                    LT – Unallocated      ICRA BBB     86.9    Reaffirmed
reduced from 12.29 CR
Chaitanya Enterprises                   FBL                   ICRA B       100     Reaffirmed
Citizen Cars                            Fund Based – CC       ICRA D       70      Revised from
                                                                                   ICRA BB-
Citizen Cars                            Unallocated           ICRA D       30      Revised from
                                                                                   ICRA BB-
Emmvee Photovoltaic Power Pvt           TL                    ICRA BBB+    225     Withdrawn
Ltd
Emmvee Photovoltaic Power Pvt           FB Limits             ICRA BBB+    500     Reaffirmed
Ltd                                                           /A2
Emmvee Photovoltaic Power Pvt           Non-FBL               ICRA BBB+    300     Reaffirmed
Ltd                                                           /A2
Gangar Opticians Pvt Ltd                LT FBL                ICRA BBB-    120     Reaffirmed
Enhanced from Rs. 7.00 crore
Hallmark Steel Pvt Ltd                  CC                    ICRA BB-     66.6    Reaffirmed
Ibd Nalanda Infrastructure              LT FB – TL            ICRA D       240     Revised from
Pvt. Ltd                                                                           ICRA B
Ibd Nalanda Infrastructure              LT – Unallocated      ICRA D       85.2    Revised from
Pvt. Ltd                                                                           ICRA B
Iifl Facilities Services Ltd            Unsecured Debt        ICRA AA      500     Outstanding
                                        Programme
Iifl Facilities Services Ltd            LT Debt Programme     ICRA AA      7000    Outstanding
Iifl Wealth Finance Ltd                 NCD Programme         ICRA AA      3000    Outstanding
Iifl Wealth Finance Ltd                 Unsecured NCD         ICRA AA      5000    Outstanding
                                        Programme
Iifl Wealth Finance Ltd                 PP-MLD Programme      ICRA PP-MLD  25500   Outstanding
                                                              ICRA AA
Iifl Wealth Management Ltd              Secured NCD Programme ICRA AA      1000    Outstanding
India Infoline Finance Ltd              Sub. Debt Programme   ICRA AA      10000   Outstanding
India Infoline Finance Ltd              LT Bk Lines           ICRA AA      57750   Outstanding
India Infoline Finance Ltd              LT Debt Programme     ICRA AA      25100   Outstanding
India Infoline Finance Ltd              Secured NCD Programme ICRA AA      20000   Outstanding
India Infoline Finance Ltd              Unsecured NCD         ICRA AA      5000    Outstanding
                                        Programme
India Infoline Finance Ltd              LT principal          ICRA PP-MLD  5000    Outstanding
                                        protected equity      ICRA AA
                                        linked debenture programme
India Infoline Finance Ltd              LT principal          ICRA PP-MLD  1000    Outstanding
                                        protected market      ICRA AA
                                        linked debenture programme
India Infoline Ltd                      LT – Equity linked    ICRA PP-MLD  1000    Outstanding
                                        debenture programme   ICRA AA
J C Construction Pvt Ltd                LT-TL                 ICRA BB      20      Reaffirmed
J C Construction Pvt Ltd                LT-CC Limit           ICRA BB      30      Reaffirmed
Marc Laboratories Ltd                   FB limits             ICRA BBB-    134     Reaffirmed
Marc Laboratories Ltd                   Unallocated           ICRA BBB-    8.8     Reaffirmed
New Citizen Cars                        Fund Based – CC       ICRA D       50      Revised from
                                                                                   ICRA B+
New Citizen Cars                        Unallocated           ICRA D       50      Revised from
                                                                                   ICRA B+
Printotech Global Ltd                   FB Limits             ICRA BB+     177.4   Reaffirmed
Printotech Global Ltd                   Unallocated           ICRA BB+     77.6    Reaffirmed
Pv Knit Fashions                        Long–term: TL         ICRA B+      0.9     Reaffirmed
Pv Knit Fashions                        Long–term: FB Fac     ICRA B+      75      Reaffirmed
Pv Knit Fashions                        Long–term: Proposed   ICRA B+      35.8    Reaffirmed
                                        Fac
Real Growth Securities Pvt Ltd          FB – CC/Overdraft     ICRA BBB-    250     Reaffirmed
Rmp Farms                               Based Limits          ICRA BB      164     Reaffirmed
Rmp Farms                               TL Fac                ICRA BB      36      Reaffirmed
Sahyadri Starch & Industries            LT, FB Limits         ICRA BBB     286.2   Revised from
Pvt Ltd                                                                            ICRA BBB+
enhanced from 23.12 CR
Sahyadri Starch & Industries            ST and LT             ICRA BBB             Revised from
Pvt Ltd                                 Interchangeable Limits                     ICRA BBB+
                                                                                   (Stable) and
ICRA A3+; revised from ICRA A2
Satin Creditcare Network Ltd            PTC Series A3         ICRA A(SO)           Withdrawn
-Delphin Ifmr Capital 2015
Satin Creditcare Network Ltd            PTC Series A1         ICRA A+(SO)          Withdrawn
-Delphin Ifmr Capital 2015
Satin Creditcare Network Ltd            PTC Series A2         ICRA AA-(SO)         Withdrawn
-Delphin Ifmr Capital 2015
Satin Creditcare Network Ltd            PTC Series A1         ICRA A(SO)           Withdrawn
-Eudaimonia Ifmr Capital 2015
Satin Creditcare Network Ltd            PTC Series A2         ICRA A(SO)           Withdrawn
-Eudaimonia Ifmr Capital 2015
Satin Creditcare Network Ltd            PTC Series A1         ICRA A+(SO)          Withdrawn
-Lucina Ifmr Capital 2015
Satin Creditcare Network Ltd            PTC Series A2         ICRA AA-(SO)         Withdrawn
-Lucina Ifmr Capital 2015
Satin Creditcare Network Ltd            PTC Series A1         ICRA A(SO)           Withdrawn
-Mellona Ifmr Capital 2016
Satin Creditcare Network Ltd            PTC Series A2         ICRA AA-(SO)         Withdrawn
-Mellona Ifmr Capital 2016
Satin Creditcare Network Ltd            PTC Series A1         ICRA AA-(SO)         Withdrawn
-Tulip Trust Jan 2016
Tps Infrastructure Ltd                  FB Limits             ICRA BBB     590     Assigned
--------------------------------------------------------------------------------------------
$: 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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