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India Ratings for Indian debt instruments – May 15
May 15, 2017 / 5:44 AM / 7 months ago

India Ratings for Indian debt instruments – May 15

    May 15 (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 12, 2017.

COMPANY                         INSTRUMENT             RATING          AMOUNT    MOVEMENT
                                                                      (RS.MLN)
------                          ----------             ------          ------    ---------
SHORT TERM RATINGS:
-------------------
Ambrish Kumar Tripathi          Non-FB WC limit        IND A4           45.5     Migrated to
                                                                                 Non Cooperating
                                                                                 Category
Associated Engineering          Non-FB WC limit        IND A4           95       Assigned
Enterprises
Aurobindo Pharma Ltd            Non-FB WC limits       IND A1+          22890    Affirmed
(reduced from INR25,600)
Aurobindo Pharma Ltd            CP Programme*          IND A1+          5000     Affirmed
*This facility is carved out of the existing working capital facilities and not availed as on
date.
D And M Cables Pvt Ltd          Non-FB WC limit        IND A4           15       Migrated to
                                                                                 Non Cooperating
                                                                                 Category
Granules Omnichem Pvt Ltd       Non-FB WC limits       IND A2           10       Assigned
Housing And Urban Development   ST debt                IND A1+          45       Affirmed
Corporation Ltd
Kamakshya Agro Products Pvt Ltd Non-FB WC limit        IND A4+          1.2      Migrated to
                                                                                 Non Cooperating
                                                                                 Category
Machhalandapur Simlon Agro Pvt  Non-FB limits          IND A4           1.14     Migrated to
Ltd                                                                              Non Cooperating
                                                                                 Category
Vishnu Rice Mills               Non-FB WC limit        IND A4           6.5      Migrated to
                                                                                 Non Cooperating
                                                                                 Category
LONG TERM RATINGS:
-------------------
M/S. Shanthilal & Sons          FB WC                  IND BB-          240      Assigned
Jewellers
Ambrish Kumar Tripathi          FB WC limit            IND B+           10       Migrated to
                                                                                 Non Cooperating
                                                                                 Category
Associated Engineering          FB WC limit            IND B+/IND A4    45       Assigned
Enterprises
Associated Engineering          Proposed fund  based   Provisional  IND 20       Assigned
Enterprises                     WC limit*              B+
                                                       /Provisional IND A4
*The ratings are provisional and shall be confirmed upon the sanction and execution of loan
documents for the above facilities by AEE to the satisfaction of Ind-Ra.
Aurobindo Pharma Ltd            FB WC limits           IND AA+ /IND A1+ 42050    Affirmed
(increased from INR39,340)
Balkrishna Synthetics Ltd       WC limit (CC)          -                15       Withdrawn
Balkrishna Synthetics Ltd       TL                     -                120      Withdrawn
Balkrishna Synthetics Ltd       Non-FB limits          -                30       Withdrawn
D And M Cables Pvt Ltd          FB WC limit            IND B+ /IND A4   60       Migrated to
                                                                                 Non Cooperating
                                                                                 Category
Granules Omnichem Pvt Ltd       FB WC limits           IND BBB+/IND A2  600      Assigned
Granules Omnichem Pvt Ltd       Proposed FB WC limits* Provisional IND  290      Assigned
                                                       BBB+/Provisional
                                                       IND A2
* The rating are provisional and shall be confirmed upon the sanction and execution of loan
documents for the above facilities by GOPL to the satisfaction of Ind-Ra.
Housing And Urban Development   Bonds                  IND AAA          219.5347 Affirmed
Corporation Ltd
Housing And Urban Development   LT Bk loans            IND AAA          100      Affirmed
Corporation Ltd
Housing And Urban Development   Domestic term deposit  IND tAAA         30       Affirmed
Corporation Ltd
India Standard Loan Trust - XVI Series A pass-through  IND A(SO)        218.4    Affirmed
                                certificates (PTCs)
India Standard Loan Trust - XVI Liquidity facility (LF)IND AAA(SO)      8.6      Affirmed
India Standard Loan Trust - XVI Second loss credit     IND BBB(SO)      27.89    Affirmed
                                facility (SLCF)
Indian Oil Corporation Ltd      NCDs                   -                16000    Withdrawn
Indian Oil Corporation Ltd      NCDs                   -                17000    Withdrawn
Indian Oil Corporation Ltd      NCDs (NCDs)            IND AAA          10700    Affirmed
Jai Bharat Industries           TL                     IND B+           42.5     Migrated to
                                                                                 Non Cooperating
                                                                                 Category
Jai Bharat Industries           FB WC limit            IND B+ /IND A4   40       Migrated to
                                                                                 Non Cooperating
                                                                                 Category
Kamakshya Agro Products Pvt Ltd FB WC limit            IND BB           40       Migrated to
                                                                                 Non Cooperating
                                                                                 Category
Kamakshya Agro Products Pvt Ltd Long-TL                IND BB           20.87    Migrated to
                                                                                 Non Cooperating
                                                                                 Category
M/S Manmade                     FB WC limit            IND BB- /IND A4+ 60       Migrated to
                                                                                 Non Cooperating
                                                                                 Category
Machhalandapur Simlon Agro Pvt  FB limits              IND B+           57.5     Migrated to
Ltd                                                                              Non Cooperating
                                                                                 Category
Machhalandapur Simlon Agro Pvt  Long-TL                IND B+           35.25    Migrated to
Ltd                                                                              Non Cooperating
                                                                                 Category
Makson Nutrition                FB limits              IND BB           7.5      Upgraded from
                                                                                 IND BB-
Makson Nutrition                TL                     IND BB           365.66   Upgraded from
                                                                                 IND BB-
(reduced from INR421.59)
Mm Trust Mar 16                 Series A pass-through  IND AA+(SO)      1154.1   Affirmed
                                certificates (PTCs)
Vishnu Rice Mills               TL                     IND B+           11.9     Migrated to
                                                                                 Non Cooperating
                                                                                 Category
Vishnu Rice Mills               FB WC limit            IND B+ /IND A4   105      Migrated to
                                                                                 Non Cooperating
                                                                                 Category
----------------------------------------------------------------------------------------------
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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