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India Ratings for Indian debt instruments – Apr 27
April 27, 2017 / 4:53 AM / 7 months ago

India Ratings for Indian debt instruments – Apr 27

    Apr 27 (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
April 26, 2017.

COMPANY                         INSTRUMENT             RATING           AMOUNT   MOVEMENT
                                                                        (RS.MLN)
------                          ----------             ------           ------   ---------
SHORT TERM RATINGS:
-------------------
Gautam Cement Works             Non-FB WC loan         IND A4           60       Migrated to
                                                                                 Non
                                                                                 -Cooperating
                                                                                 Category
(ISSUER NOT COOPERATING)
Knnd Associates Pvt Ltd         Non-FB limit           IND A3           90       Migrated to
                                                                                 Non
                                                                                 -Cooperating
                                                                                 Category
(ISSUER NOT COOPERATING)
Omsairam Steels And Alloys Pvt  BG                     IND A3           70       Assigned
Ltd
Omsairam Steels And Alloys Pvt  Proposed BG            IND A3           130      Provisional
Ltd
Omsairam Steels And Alloys Pvt  Proposed LOC           IND A3           1000     Provisional
Ltd
Rajaramsevak Multipurpose Cold  Non-FB WC loan         IND A4           2        Migrated to
Storage Pvt Ltd                                                                  Non
                                                                                 -Cooperating
                                                                                 Category
(ISSUER NOT COOPERATING)
Vijay Diam                      FB limit               IND A4+          100      Migrated to
                                                                                 Non
                                                                                 -Cooperating
                                                                                 Category
(ISSUER NOT COOPERATING)
Vinay Wires & Poly Products Pvt FB limit               IND A4+          100      Affirmed
Ltd
Vinay Wires & Poly Products Pvt Non-FB limit           IND A4+          140      Affirmed
Ltd

LONG TERM RATINGS:
-------------------
Dhruv Oil & Protein             FB limits              IND BB           85       Assigned
Dhruv Oil & Protein             TL                     IND BB           31.15    Assigned
Gautam Cement Works             Long-TL                IND B+           13.3     Migrated to
                                                                                 Non
                                                                                 -Cooperating
                                                                                 Category
(ISSUER NOT COOPERATING)
Gautam Cement Works             FB WC limit            IND B+           50       Migrated to
                                                                                 Non
                                                                                 -Cooperating
                                                                                 Category
(ISSUER NOT COOPERATING)
Kalinga Institute Of Industrial Bk loans               IND A            4421.43  Affirmed
Technology Society
(increased from INR4,275.00)
Kalinga Institute Of Industrial FB facility (overdraft)IND A            1200     Affirmed
Technology Society
Kalinga Institute Of Industrial Non-FB WC Fac (BG)     IND A            85       Affirmed
Technology Society
(increased from INR66.50)
Knnd Associates Pvt Ltd         FB limit               IND BBB-         50       Migrated to
                                                                                 Non
                                                                                 -Cooperating
                                                                                 Category
(ISSUER NOT COOPERATING)
Nagpur Waste Water Management   TL                     IND BBB-         1650     Assigned
Pvt Ltd
Nagpur Waste Water Management   BG                     IND BBB-         50       Assigned
Pvt Ltd
Omsairam Steels And Alloys Pvt  FB WC                  IND BBB-         360      Assigned
Ltd
Omsairam Steels And Alloys Pvt  Proposed FB WC         IND BBB-         440      Provisional
Ltd
Rajaramsevak Multipurpose Cold  TL                     IND B+           50.5     Migrated to
Storage Pvt Ltd                                                                  Non
                                                                                 -Cooperating
Category
(ISSUER NOT COOPERATING)
Rajaramsevak Multipurpose Cold  FB WC limit            IND B+           87.5     Migrated to
Storage Pvt Ltd                                                                  Non
                                                                                 -Cooperating
Category
(ISSUER NOT COOPERATING)
Union Bank Of India             AT1 perpetual debt     IND AA           10       Assigned
Vinay Wires & Poly Products Pvt FB limit               IND BB-          100      Downgraded
Ltd
-----------------------------------------------------------------------------------------------
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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