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India Ratings for Indian debt instruments – May 5
May 5, 2017 / 4:41 AM / 7 months ago

India Ratings for Indian debt instruments – May 5

    May 5 (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
May 4, 2017.

COMPANY                         INSTRUMENT                  RATING       AMOUNT   MOVEMENT
                                                                         (RS.MLN)
------                          ----------                  ------       ------   ---------
SHORT TERM RATINGS:
-------------------
Anondita Healthcare             Non-FB WC limits       IND A4           15       Migrated to
                                                                                 Non-
                                                                                 Cooperating
                                                                                 Category
(ISSUER NOT COOPERATING)
Avadh Rail Infra Ltd            Non-FB limit           IND A4+          100      Affirmed
Balaji Fibre Reinforce Pvt Ltd  Non-FB limits          IND A4+          160      Assigned
* The above ratings are provisional and shall be confirmed upon the sanction and execution of
the loan documents for the above facilities by BFRPL to the satisfaction of Ind-Ra.
Eastern Construction Company    Non-FB WC limit        IND A4+          50       Migrated to
                                                                                 Non-
                                                                                 Cooperating
                                                                                 Category
(ISSUER NOT COOPERATING)
Indico Motors Pvt Ltd           NFBL                   IND A4+          20       Assigned
Indico Motors Pvt Ltd           Proposed non-FB limits*IND A4+          50       Assigned
* The above ratings are provisional and shall be confirmed upon the sanction and execution of
the loan documents for the above facilities by BFRPL to the satisfaction of Ind-Ra.
Iqbal Construction Company      NFB WC limit           IND A4+          55       Migrated to
                                                                                 Non-
                                                                                 Cooperating
                                                                                 Category
(ISSUER NOT COOPERATING)
J.D. Construction               Non-FB WC limit        IND A4+          800      Migrated to
                                                                                 Non-
                                                                                 Cooperating
                                                                                 Category
(ISSUER NOT COOPERATING)
Sri Power Generation (I) Pvt LtdNon-FB WC limits       IND A4+          31.5     Migrated to
                                                                                 Non-
                                                                                 Cooperating
                                                                                 Category
(ISSUER NOT COOPERATING)
Vinod Kumar Pandey              Non-FB WC limit        IND A4+          40       Affirmed

LONG TERM RATINGS:
-------------------
Akar Tools Ltd                  Long-TL                IND BB+          45       Migrated to
                                                                                 Non-
                                                                                 Cooperating
                                                                                 Category
(ISSUER NOT COOPERATING)
Akar Tools Ltd                  FB WC limits           IND BB+          343      Migrated to
                                                                                 Non-
                                                                                 Cooperating
                                                                                 Category
(ISSUER NOT COOPERATING)
Akar Tools Ltd                  Non-FB WC limits       IND BB+          60       Migrated to
                                                                                 Non-
                                                                                 Cooperating
                                                                                 Category
(ISSUER NOT COOPERATING)
Alex Green Energy Pvt.          TL                     IND BB+          285.1    Migrated to
                                                                                 Non-
                                                                                 Cooperating
                                                                                 Category
(ISSUER NOT COOPERATING)
Anondita Healthcare             TL                     IND B+           40       Migrated to
                                                                                 Non-
                                                                                 Cooperating
                                                                                 Category
(ISSUER NOT COOPERATING)
Anondita Healthcare             FB WC limits           IND B+           70       Migrated to
                                                                                 Non-
                                                                                 Cooperating
                                                                                 Category
(ISSUER NOT COOPERATING)
Avadh Rail Infra Ltd            FB limit               IND BB+ / IND A4+150      Affirmed
Balaji Fibre Reinforce Pvt Ltd  FB limits              IND BB           120      Assigned
Balaji Fibre Reinforce Pvt Ltd  Proposed FB limits*    IND BB           80       Assigned
* The above ratings are provisional and shall be confirmed upon the sanction and execution of
the loan documents for the above facilities by BFRPL to the satisfaction of Ind-Ra.
Eastern Construction Company    FB WC limit            IND BB           15       Migrated to
                                                                                 Non-
                                                                                 Cooperating
                                                                                 Category
(ISSUER NOT COOPERATING)
Hindusthan Loha Ltd             FB limits              IND BB           230      Affirmed
Hotel Vakratunda                TL                     IND B            62.5     Migrated to
                                                                                 Non-
                                                                                 Cooperating
                                                                                 Category
(ISSUER NOT COOPERATING)
Iiert March 2017                Series A PTCs          IND AA(SO)       1845.8   Assigned
India Standard Loan Trust – Xiv Series A PTCs LT       IND A(SO)        191.2    Affirmed
India Standard Loan Trust – Xiv LF LT                  IND AAA(SO)      1.4      Affirmed
India Standard Loan Trust – Xiv SLCF LT                IND BBB(SO)      26.9     Affirmed
Indico Motors Pvt Ltd           FB limits              IND BB           220      Assigned
Indico Motors Pvt Ltd           Proposed FB limits*    IND BB           40       Assigned
* The above ratings are provisional and shall be confirmed upon the sanction and execution of
the loan documents for the above facilities by BFRPL to the satisfaction of Ind-Ra.
Iqbal Construction Company      FB WC limit            IND BB+ / IND A4+20       Migrated to
                                                                                 Non-
                                                                                 Cooperating
                                                                                 Category
(ISSUER NOT COOPERATING)
J.D. Construction               FB WC limit            IND BB-          250      Migrated to
                                                                                 Non-
                                                                                 Cooperating
                                                                                 Category
(ISSUER NOT COOPERATING)
Kbr Commodities                 FB WC Fac              IND BB           230      Affirmed
Kbr Commodities                 TL                     IND BB           12       Affirmed
Nichem Industries               FB WC limit            IND BB           150      Migrated to
                                                                                 Non-
                                                                                 Cooperating
                                                                                 Category
(ISSUER NOT COOPERATING)
Nichem Industries               Proposed FB WC limit   IND BB           40       Migrated to
                                                                                 Non-
                                                                                 Cooperating
                                                                                 Category
(ISSUER NOT COOPERATING)
Prits Leather Art Pvt Ltd       FB limits              IND BB+ / IND A4+145      Assigned
Sansar Trust March 2016         SLCF                   IND A-(SO)       45.5     Affirmed
Sansar Trust March 2016         Series A PTCs          IND AAA(SO)      525.05   Affirmed
Sembcorp Gayatri Power Ltd      Proposed rupee TL      IND A            30000    Assigned
Sembcorp Gayatri Power Ltd      Proposed WC loan       IND A            11100    Assigned
Sembcorp Gayatri Power Ltd      Rupee TL               IND BBB-         61396    Assigned
Sembcorp Gayatri Power Ltd      NFB (BG) facility      IND BBB-         14000    Assigned
Sparsh Industries Pvt Ltd       TL                     IND BB+          2555     Affirmed
(increasedfrom INR2504 ML)
Sparsh Industries Pvt Ltd       FB WC  Fac             IND BB+ / IND A4+780      Affirmed
(increased from INR545 ML)
Sparsh Industries Pvt Ltd       Non-FB Bk Fac          IND BB+ / IND A4+420      Affirmed
Sri Power Generation (I) Pvt LtdLT-loan                IND BB           51       Migrated to
                                                                                 Non-
                                                                                 Cooperating
                                                                                 Category
(ISSUER NOT COOPERATING)
The Academy Of Engineering And  Bk loans               IND BB+          108.25   Assigned
Management Trust 
The Academy Of Engineering And  FB WC                  IND BB+          250      Assigned
Management Trust
Vinod Kumar Pandey              FB WC limit            IND BB           50       Affirmed
Yogesh Trading Company          FB WC limits LT/ST     IND B / IND A4   180      Suspended
-----------------------------------------------------------------------------------------------
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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