Reuters logo
ICRA ratings for Indian debt instruments-May 19
May 19, 2017 / 10:18 AM / 6 months ago

ICRA ratings for Indian debt instruments-May 19

    May 19 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of May 18, 2017.


COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Accelya Kale Solutions Ltd              ST, FB Fac            ICRA A1+     13      Reaffirmed
Biop Steels & Power Pvt Ltd             ST-Non Fund Based     ICRA A4      145     Reaffirmed
Edhayam Frozen Food Pvt Ltd             ST: FB limits         ICRA A4+     504     Assigned/
                                                                                   outstanding
revised from 36.0 cr
Hindusthan Calcined Metals Pvt          Non Fund Based-LOC    ICRA A4      40      Reaffirmed
Ltd
Kalani Marketing Pvt Ltd                Non FBL               ICRA A4      20      Reaffirmed
Skanray Technologies Pvt Ltd            ST-Non Fund Based- BG ICRA A4+     50      Reaffirmed
Theva & Co.                             ST: FB limits         ICRA A4+     600     Outstanding

LONG TERM RATINGS:
-------------------
Accelya Kale Solutions Ltd              Total LT/ ST FBL      ICRA A+/     15      Reaffirmed
                                                              ICRA A1+
Accelya Kale Solutions Ltd              Total LT/ ST fund     ICRA A+/     85      Reaffirmed
                                        based / non-FBL       ICRA A1+
Accelya Kale Solutions Ltd              LT/ ST scale non-FBL  ICRA A+/     67      Reaffirmed
                                                              ICRA A1+
Bhartiya Samruddhi Finance Ltd          PTC Series A1         ICRA BB-     82.7    Provisional
-Alpha Microfinance Trust                                     (SO)
Biop Steels & Power Pvt Ltd             LT-Fund Based         ICRA B+      190     Reaffirmed
Cholamandalam Investment And            Second Loss Facility  ICRA A (SO)  83      Final Ratings
Finance Co. Ltd- Platinum
Trust January 2017
Cholamandalam Investment And            PTC Series A          ICRA AAA     2242.7  Final Ratings
Finance Co. Ltd- Platinum                                     (SO)
Trust January 2017
Edhayam Frozen Food Pvt Ltd             LT: Interchangeable   ICRA BB              Assigned/
                                                                                   outstanding
Edhayam Frozen Food Pvt Ltd             LT/ ST Unallocated    ICRA BB/     1       Assigned
                                                              ICRA A4+
Ge T&D India Ltd                        FBL                   ICRA AA      11930   Assigned/
                                                                                   outstanding
earlier 998.0 CR
Ge T&D India Ltd                        LT/ ST Non-FBL        ICRA AA      52450   Assigned/
                                                                                   outstanding
earlier 4,951.0 CR
Ge T&D India Ltd                        Unallocated           ICRA AA      5620    Assigned/
                                                                                   outstanding
earlier 51.0 CR
Hindusthan Calcined Metals Pvt          Fund Based-CC         ICRA B-      80      Reaffirmed
Ltd
Kalani Marketing Pvt Ltd                FBL                   ICRA BB-     460     Reaffirmed
Neogrowth Credit Pvt Ltd                PTC Series A1         ICRA A- (SO) 318.8   Final Ratings
-Venus Sbl Ifmr Capital 2017
Neogrowth Credit Pvt Ltd                PTC Series A2         ICRA BBB-    22.8    Final Ratings
-Venus Sbl Ifmr Capital 2017                                  (SO)
Satin Creditcare Network Ltd            PTC Series A1         ICRA A (SO)          Withdrawn
-Akechi Ifmr Capital 2016
Satin Creditcare Network Ltd            PTC Series A2         ICRA BB-             Withdrawn
-Akechi Ifmr Capital 2016                                     (SO)
Satin Creditcare Network Ltd            PTC Series A2         ICRA A- (SO)         Withdrawn
-Cabaletta Ifmr Capital 2015
Satin Creditcare Network Ltd            PTC Series A1         ICRA A+ (SO)         Withdrawn
-Cabaletta Ifmr Capital 2015
Satin Creditcare Network Ltd            PTC Series A1         ICRA A+ (SO)         Withdrawn
-Fides Ifmr Capital 2016
Saya Buildcon Consortium Pvt            LT: TL                ICRA BB      1150    Reaffirmed
Ltd
enhanced from 80.0 CR
Secure Industries Pvt Ltd               FB – TL               ICRA D       102     Reaffirmed
Secure Industries Pvt Ltd               FB – CC               ICRA D       40      Reaffirmed
Secure Industries Pvt Ltd               Non-FB- LOC           ICRA D       30      Reaffirmed
Shalibhadra Finance Ltd                 FB – CC               ICRA BBB-    300     Assigned
enhanced from 12.50 CR
Shree Chanakya Education                TL                    ICRA BBB-    1000    Provisional
Society                                                       (SO)
Skanray Technologies Pvt Ltd            LT-Fund Based-CC      ICRA BB+     350     Reaffirmed
Skanray Technologies Pvt Ltd            LT-Fund Based- TL     ICRA BB+     78      Reaffirmed
reduced from 16.15 CR
Skanray Technologies Pvt Ltd            LT/ ST- Unallocated   ICRA BB+ /   102     Reaffirmed
                                        Limits                A4+
increased from 1.85 CR
Suryoday Micro Finance Ltd              PTC Series A1         ICRA AA-             Withdrawn
-Sulphur Trust March 2015                                     (SO)
Tata Capital Financial                  Subordinated Debt     ICRA AA+     500     Assigned
Services Ltd                            Programme
Theva & Co.                             LT: TL                ICRA BB      75      Assigned
Theva & Co.                             LT: Interchangeable   ICRA BB              Outstanding
Thirumeni Finance Pvt Ltd               PTC Series A1         ICRA A- (SO) 247.7   Final Ratings
-Leto Sbl Ifmr Capital 2017
Thirumeni Finance Pvt Ltd               PTC Series A2         ICRA BB+     20.9    Final Ratings
-Leto Sbl Ifmr Capital 2017                                   (SO)


--------------------------------------------------------------------------------------------
$: 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)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below