August 9, 2017 / 10:37 AM / 2 months ago

RPT-ICRA ratings for Indian debt instruments-Aug 9

 (Repeating to add additional Ratings)
    Aug 9 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of August 8, 2017.


COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Best Crop Science Llp                   ST: NFBL              ICRA A4      150     -
Issuer not cooperating
C.G. Chandrappa                         BG                    ICRA A4      64      Assigned
Cvs Infrastructure Pvt Ltd              Non-fund based – LOC  ICRA A4      1       Withdrawn
Cipy Polyurethanes Pvt Ltd              ST, FBL                            20
Issuer not co operating
Cipy Polyurethanes Pvt Ltd              ST , NFBL                          172.5
Issuer not co operating
Dmi Finance Pvt Ltd                     CP programme          ICRA A1+     25      Assigned
Dodhia Synthetics Ltd                   ST, non-FBL           ICRA A3      2.65    -
Issuer not cooperating
Essel Mining & Industries Ltd           CP / ST Debt          ICRA A1+ @   1500    -
@: Under rating watch with negative implications
Essel Mining & Industries Ltd           Fund Based Bk Limits  ICRA A1+ @   150     -
@: Under rating watch with negative implications
Essel Mining & Industries Ltd           Non Fund Based Bk     ICRA A1+ @   70      -
                                        Limits
@: Under rating watch with negative implications
Everest Organics Ltd                    Non-FBL               ICRA A4      5.6     Outstanding
Godrej Properties Ltd                   ST – FBL              ICRA A1+     395     Outstanding
Godrej Properties Ltd                   CP                    ICRA A1+     1250    Outstanding
Ic India Pvt Ltd                        BG                    ICRA A4      30      Assigned
India Infoline Housing Finance          ST Debt Programme     ICRA A1+     30000   Outstanding
Ltd
L&T Finance Ltd (Erstwhile              CP Programme (IPO     ICRA A1+     90000   Assigned
Family Credit Ltd)                      financing)
L&T Housing Finance Ltd                 NCD Programme         ICRA A1+     42500   Outstanding
L&T Housing Finance Ltd                 CP Programme          ICRA A1+     5000    Outstanding
L&T Infrastructure Finance Co.          CP programme (IPO     ICRA A1+     50000   Assigned
Ltd                                     financing)
L&T Infrastructure Finance Co.          CP Programme          ICRA A1+     5000    Outstanding
Ltd
Muthoot Vehicle And Asset               ST Bk limits#         ICRA A3+     225     Reaffirmed
Finance Ltd
#Short-term interchangeable with long term bank limits
Neha Ceramic Industries                 BG                    ICRA A4      13
Issuer not cooperating
Peninsula Land Ltd                      CP programme          ICRA A1      175     Reaffirmed
Sanzyme Pvt Ltd                         ST Non-FBL            ICRA A2+     11.9    Withdrawn
Symcom Exim Pvt Ltd                     Non FBL               ICRA A4      55      -
Issuer not cooperating
Titan Co. Ltd                           Non-fund based        ICRA A1+     1000    Reaffirmed
                                        facility
Vasupujya Filaments                     ST, Non-FBL           ICRA A3      2.6     Reaffirmed
Chanvim Engineering (India)             Non FBL               ICRA A3      120     -
Pvt Ltd
Il&Fs Transportation Networks           NCDs                  Provisional  7500    Assigned
Ltd                                                           ICRA AA+
Il&Fs Transportation Networks           NCDs                  Provisional  22500   Outstanding
Ltd                                                           ICRA AA+
Indian Products Pvt Ltd                 ST – Fund based       ICRA D       1650    Revised from
                                                                                   ICRA A3
Indian Products Pvt Ltd                 ST – Non fund based   ICRA D       280     Revised from
                                                                                   ICRA A3




MEDIUM TERM RATINGS:
-------------------
Godrej Properties Ltd                   Fixed Deposit         MAA          50      Outstanding
Hawkins Cookers Ltd                     Fixed Deposit         MAA          21.75   Reaffirmed
                                        Programme
L&T Housing Finance Ltd                 Medium-Term Fixed     ICRA MAA+    1000    Outstanding
                                        Deposits
Muthoot Vehicle And Asset               Fixed deposit         MA                   Reaffirmed
Finance Ltd                             programme
Titan Co. Ltd                           Fixed deposit         MAAA         1500    Reaffirmed
                                        programme


LONG TERM RATINGS:
-------------------
Aha Holdings Pvt Ltd                    NonConvertible        ICRA BB-     250
                                        Debenture
Review process is underway
Best Crop Science Llp                   LT: FBL               ICRA B+      288.6
Issuer not cooperating
Best Crop Science Llp                   LT: FBL               ICRA B+      11.4
Issuer not cooperating
Big C Mobiles Pvt Ltd                   BLR                   ICRA BBB-    120
Issuer delayed in giving information
C.G. Chandrappa                         Secured Over Draft    ICRA BB-     50      Assigned
Calyx Merlin Ventures Llp               FB –CC                ICRA BB+     350     Assigned
Central Bank Of India                   Upper Tier II bonds   ICRA A-              Downgraded
                                        programme                                  from ICRA A
Central Bank Of India                   Upper Tier II bonds   ICRA A-              Downgraded
                                        programme                                  from ICRA A
Central Bank Of India                   Upper Tier II bonds   ICRA A-              Downgraded
                                        programme                                  from ICRA A
Central Bank Of India                   Corporate Governance  ICRA A-              Downgraded
                                                                                   from ICRA A
Central Bank Of India                   Lower Tier II bonds   ICRA A+      -       Outstanding
                                        programme (with Green
                                        Shoe Option of Rs. 270 crore)
Central Bank Of India                   Lower Tier II bonds   ICRA A+              Outstanding
                                        programme
Central Bank Of India                   Lower Tier II bonds   ICRA A+              Outstanding
                                        programme
Central Bank Of India                   Upper Tier II bonds   ICRA A+              Outstanding
                                        programme
Cipy Polyurethanes Pvt Ltd              LT, FBL – TL                       66.2
Issuer not co operating
Cipy Polyurethanes Pvt Ltd              LT – FBL – CC                      237.5
Issuer not co operating
Cvs Infrastructure Pvt Ltd              FB – CC               ICRA B-      14      Withdrawn
Dodhia Synthetics Ltd                   LT, FBL               ICRA BBB-    62.5    -
Issuer not cooperating
Dodhia Synthetics Ltd                   TL                    ICRA BBB-    52.61   -
Issuer not cooperating
Dodhia Synthetics Ltd                   LT unallocated        ICRA BBB-    39      -
Issuer not cooperating
Dodhia Synthetics Ltd                   LT / ST,              ICRA BBB- /  -       -
                                        interchangeable       A3
                                        limits #
#Issuer not cooperating
Everest Organics Ltd                    TL                    ICRA BB-     2.43    Outstanding
Everest Organics Ltd                    CC                    ICRA BB-     4.5     Outstanding
Everest Organics Ltd                    FBL                   ICRA BB- /   5.5     Outstanding
                                                              A4
Everest Organics Ltd                    Unallocated           ICRA BB- /   11.97   Assigned /
                                                              A4                   Outstanding
Godrej Properties Ltd                   NCD                   ICRA AA      500     Assigned
Godrej Properties Ltd                   LT - FBL              ICRA AA      1300    Outstanding
Godrej Properties Ltd                   LT -Non-FBL           ICRA AA      50      Outstanding
Godrej Properties Ltd                   LT/ST-Proposed (Fund  ICRA AA /    255     Outstanding
                                        Based / Non-FBL)      A1+
Gupta Marriage Halls Pvt Ltd            LT: FBL               ICRA B       180
Issuer not cooperating
Hawkins Cookers Ltd                     LT FB Fac             ICRA AA-     17      Reaffirmed
Hawkins Cookers Ltd                     LT non-FB Fac         ICRA AA-     5       Reaffirmed
Ic India Pvt Ltd                        CC                    ICRA B+      25      Assigned
Ic India Pvt Ltd                        TL                    ICRA B+      8       Assigned
India Infoline Housing Finance          Sub. Debt Programme   ICRA AA      2000    Assigned
Ltd
India Infoline Housing Finance          NCD Programme         ICRA AA      40000   Outstanding
Ltd
India Infoline Housing Finance          Sub. Debt Programme   ICRA AA      4000    Outstanding
Ltd
India Infoline Housing Finance          LT Fund Based Bk      ICRA AA      5000    Outstanding
Ltd                                     Lines Programme
India Infoline Housing Finance          LT principal          PP-MLDICRA   2000    Outstanding
Ltd                                     protected equity      AA
                                        linked debenture programme
Karlo Automobiles Pvt Ltd               Bk Fac                ICRA B+      130
Issuer not co operating
Kothari Sugars And Chemicals            FB TL                 ICRA BBB-    16.5    Reaffirmed
Ltd
Kothari Sugars And Chemicals            FB CC                 ICRA BBB-    45      Reaffirmed
Ltd
L&T Finance Ltd (Erstwhile              Perpetual Debt        ICRA AA      6000    Outstanding
Family Credit Ltd)                      Programme
L&T Finance Ltd (Erstwhile              NCD Programme         ICRA AA+     65190   Outstanding
Family Credit Ltd)
L&T Finance Ltd (Erstwhile              NCD Programme (Public ICRA AA+     6817    Outstanding
Family Credit Ltd)                      Issuance)
L&T Finance Ltd (Erstwhile              Subordinated Debt     ICRA AA+     13250   Outstanding
Family Credit Ltd)                      Programme
L&T Housing Finance Ltd                 Subordinated Debt     ICRA AA+     3000    Outstanding
                                        Programme
L&T Housing Finance Ltd                 Perpetual Debt        ICRA AA+     1000    Outstanding
                                        Programme
L&T Housing Finance Ltd                 Bk Lines              ICRA AA+     29000   Outstanding
L&T Housing Finance Ltd                 CP programme (IPO                  10000   Assigned
                                        financing)
L&T Infrastructure Finance Co.          Perpetual Debt        ICRA AA      4000    Outstanding
Ltd                                     Programme
L&T Infrastructure Finance Co.          NCD (Infra Bonds)     ICRA AA+     16650.3 Outstanding
Ltd                                     Programme
L&T Infrastructure Finance Co.          NCD Programme         ICRA AA+     60340   Outstanding
Ltd
L&T Infrastructure Finance Co.          Subordinated Debt     ICRA AA+     17000   Outstanding
Ltd                                     Programme
L&T Infrastructure Finance Co.          Bk Lines              ICRA AA+     70000   Outstanding
Ltd                                                           (stable) /
                                                              ICRA A1+;
Lakshmi Balaji Oils Pvt Ltd             FB-TL                 ICRA B+      9.5     Assigned
Maharaja Sathyamindustries Pvt          BLR                   ICRA B+      59
Ltd
Master Blenders Pvt Ltd                 Bk Loan               ICRA         70
                                                              B+/ICRA A4
Review process is underway
Muthoot Vehicle And Asset               LT Bk limit           ICRA BBB     1000    Reaffirmed
Finance Ltd
Mv & Vajra Developers                   LT- Unallocated LimitsICRA B       15      Assigned
Neha Ceramic Industries                 CC                    ICRA BB-     40
Issuer not cooperating
Neha Ceramic Industries                 TL                    ICRA BB-     9.7
Issuer not cooperating
Neha Ceramic Industries                 Unallocated Limits    ICRA BB-     27.3
Issuer not cooperating
Northern Solaire Prakash Pvt            TL                    ICRA A-      129.68
Ltd
Oshiya Industries Pvt Ltd               BLR                   ICRA D       320
Issuer delayed in giving information
Peninsula Land Ltd                      NCD programme         ICRA A       1029.2  Reaffirmed
Pik Studios Pvt Ltd                     FB –CC                ICRA C+      120     Assigned
Popular Foundations Pvt Ltd             BLR                   ICRA BB-     55
Review process is underway
Purandar Milk And Agro                  LT, FBL – TL          ICRA D       9
Products Ltd
Issuer not co operating
Purandar Milk And Agro                  LT – FBL – CC         ICRA D       50
Products Ltd
Issuer not co operating
Purandar Milk And Agro                  Unallocated Limits    ICRA D       11
Products Ltd
Issuer not co operating
Rashmi Housing Pvt Ltd                  BLR                   ICRA D       650
Issuer not co operating
Real Agro Industries Pvt Ltd            LT FBL                ICRA BB      9.81    Withdrawn
Real Agro Industries Pvt Ltd            Long / ST Unallocated ICRA BB /    3.69    Withdrawn
                                        Limits                ICRA A4
Rga Infrastructure                      TL                    ICRA BBB+    3280    Upgraded
                                                                                   From
                                                                                   ICRA
                                                                                   BBB(SO)
S.K.L Exports                           BLR                   ICRA BB /    120
                                                              ICRA A4
Review process is underway
Sanzyme Pvt Ltd                         LT FBL                ICRA A-      50.6    Withdrawn
Sanzyme Pvt Ltd                         LT Unallocated Limits ICRA A-      3.5     Withdrawn
Satkar Logistics Pvt Ltd                FB Limits             ICRA B       15.36   Downgraded
                                                                                   from ICRA BB
Satkar Logistics Pvt Ltd                Unallocated           ICRA B       2.64    Downgraded
                                                                                   from ICRA BB
Shree Chanakya Education                TL                    Provisional  100     Assigned
Society                                                       ICRA BBB-
Shree Oshiya Strips Impex Pvt           BLR                   ICRA D       270
Ltd
Issuer delayed in giving information
Shree Renuka Sugars Ltd                 TL                    ICRA D       3679.3  Reaffirmed
Shree Renuka Sugars Ltd                 FBL                   ICRA D       1218    Reaffirmed
Shree Renuka Sugars Ltd                 Non-FBL               ICRA D       1616.17 Reaffirmed
Sp Superfine Cotton Mills Pvt           LT: TL Fac            ICRA D       66.94   Downgraded
Ltd                                                                                from ICRA B-
Sp Superfine Cotton Mills Pvt           LT: FB Fac            ICRA D       8       Downgraded
Ltd                                                                                from ICRA B-
Sp Superfine Cotton Mills Pvt           LT: Unallocated Fac   ICRA D       28.52   Downgraded
Ltd                                                                                from ICRA B-
Sri Sharadha Timbers                    BLR                   ICRA B+ /    150
                                                              ICRA A4
Review process is underway
Suryauday Solaire Prakash Pvt           TL                    ICRA A-      68.32   Upgraded
Ltd                                                                                from ICRA BBB
Symcom Exim Pvt Ltd                     Interchangeable Limit ICRA B       -       -
Issuer not cooperating
The Mahatma Gandhi Sahakara             LT - Fund Based (CC)  ICRA C+      200
Sakkare Karkhane
Issuer delayed in giving information
Titan Co. Ltd                           FB facility           ICRA AA+     200     Reaffirmed
Vasupujya Filaments                     LT, FBL               ICRA BBB-    18.75   Reaffirmed
Vasupujya Filaments                     TL                    ICRA BBB-    19.53   Reaffirmed
Alluri Usha Gandhi                      LT FBL                ICRA B       88      -
Alluri Usha Gandhi                      LT unallocated limits ICRA B       12      -
Axis Garment Designer                   FB CC                 ICRA D       40      -
Axis Garment Designer                   FB TL                 ICRA D       25      -
Chanvim Engineering (India)             FBL                   ICRA BBB-    105     -
Pvt Ltd
Indian Products Pvt Ltd                 LT – Fund based -     ICRA D       -       Revised from
                                        sublimit                                   ICRA BBB-
Indotech Transformers Ltd               Issuer Rating         IrBBB-       -       Assigned
Jampana Padmavathi                      LT FBL                ICRA B       88      -
Jampana Padmavathi                      LT unallocated limits ICRA B       12      -
L&T Sambalpur-Rourkela Tollway          TL                    ICRA B       10164   Reaffirmed
Ltd (L&T - Srtl)
Paidala Thirupathi Reddy And            LT FBL                ICRA BB-     80      -
Brothers
Paidala Thirupathi Reddy And            LT NFBL               ICRA BB-     20      -
Brothers
Seleno Steels Ltd                       FB – CC               ICRA B       60      -
Sp Superfine Cotton Mills Pvt           LT: TL Fac            ICRA D       669.4   Downgraded
Ltd                                                                                from ICRA B-
Sp Superfine Cotton Mills Pvt           LT: FB Fac            ICRA D       80      Downgraded
Ltd                                                                                from ICRA B-
Sp Superfine Cotton Mills Pvt           LT: Unallocated Fac   ICRA D       285.2   Downgraded
Ltd                                                                                from ICRA B-
Svl Ltd                                 LT, NCDs              ICRA AA      6500    Outstanding
Svl Ltd                                 LT, Term-Loans        ICRA D       1105    Downgraded
                                                                                   from ICRA B+
Svl Ltd                                 LT, NCDs              ICRA D       1125    Downgraded
                                                                                   from ICRA B+
Svl Ltd                                 LT, Unallocated       ICRA D       505     Downgraded
                                                                                   from ICRA B+
 
--------------------------------------------------------------------------------------------
$: 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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