September 24, 2018 / 11:14 AM / a year ago

RPT-ICRA ratings for Indian debt instruments-Sep 24

 (Repeating to add more Ratings)
    Sep 24 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of September 21, 2018.


COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Abis Hatchery Pvt Ltd                   Untied limit          ICRA A3+     5       Reaffirmed
Accura Organic Foods                    ST fundbased          ICRA A4+     100
(Issuer Not Cooperating)
Accura Organic Foods                    ST NonFB              ICRA A4+     18
(Issuer Not Cooperating)
Champion Commercial Co. Ltd             ST, FB Limits         ICRA A3      45      Revised from
                                                                                   ICRA A4+
Champion Commercial Co. Ltd             ST, Non-FBL           ICRA A3      70      Revised from
                                                                                   ICRA A4+
Champion Commercial Co. Ltd             ST, Interchangeable   ICRA A3      80      Revised from
                                        Limits                                     ICRA A4+
Doshi Ceramic Industries                BG                    ICRA A4      2       -
Rating moved to ‘(Issuer Not Cooperating)’ category
Ester Industries Ltd                    ST fund Based         ICRA A3      900     Withdrawn
Ester Industries Ltd                    ST non-fund based     ICRA A3      1260    Withdrawn
Girdhar Tents Pvt Ltd                   Non- FBL              ICRA A4      50
Reason for delay in carrying out periodic review - Info and fee not provided
Godrej Agrovet Ltd                      FB-Working Capital FacICRA A1+     5000    Reaffirmed
Godrej Agrovet Ltd                      Non-fund              ICRA A1+     700     Reaffirmed
                                        based-Working Capital
                                        Fac
Godrej Agrovet Ltd                      CP Programme          ICRA A1+     6000    Reaffirmed
Marks Engineering Works                 ST – Non-fund based   ICRA A3      96.5
(Issuer Not Cooperating)
Pnb Gilts Ltd                           CP Programme          ICRA A1+     5000    Reaffirmed
Premier Seafoods Exim Pvt Ltd           ST – FB Fac           ICRA A4+     105
(Issuer Not Cooperating)
Ramsons Casting Pvt Ltd                 Non-fund based – BG   ICRA A4      20      -
Rating moved to the ‘(Issuer Not Cooperating)’ category
Sbi Cards And Payment Services          CP programme          ICRA A1+     140000  Reaffirmed
(P) Ltd
Sml Isuzu Ltd                           Working Capital       ICRA A1+     1200    -  
                                        Demand Loan
Reason for delay in carrying out periodic review: - Review process is underway
Sml Isuzu Ltd                           LOC                   ICRA A1+     200     -
Reason for delay in carrying out periodic review: - Review process is underway
Sml Isuzu Ltd                           BG                    ICRA A1+     150
Reason for delay in carrying out periodic review: - Review process is underway
Sml Isuzu Ltd                           Bill Discounting      ICRA A1+     50      - 
                                        Facility
Reason for delay in carrying out periodic review: - Review process is underway
Sml Isuzu Ltd                           CP / ST Debt ProgrammeICRA A1+     500     -
Reason for delay in carrying out periodic review: - Review process is underway
Sml Isuzu Ltd                           Unallocated           ICRA A1+     130     -
Reason for delay in carrying out periodic review: - Review process is underway
Sri Maharaja Industries                 ST – Non-fund based   ICRA D       337.5   -
(Issuer Not Cooperating)
Sri Maharaja Refineries                 ST – Non-fund based   ICRA D       393.8   -
(Issuer Not Cooperating)
Sri Maharaja Oil Imports &              ST – Non-fund based   ICRA D       550     -
Exports India Pvt Ltd
(Issuer Not Cooperating)
Thangamayil Jewellery Ltd               ST - Non-FB Fac       ICRA A2      -       Upgraded
                                        (sub-limit)                                from ICRA A3+
Tube Turn India Pvt Ltd                 Non-fund based – BG   ICRA A4      50      -
Rating continue to be in ‘(Issuer Not Cooperating)’ category
Tube Turn India Pvt Ltd                 Non-fund based – LOC  ICRA A4      50      -
Rating continue to be in ‘(Issuer Not Cooperating)’ category
Uti Asset Management Co. Ltd            UTI FIIF Quarterly    ICRA A1+mfs  -       outstanding
                                        Interval Plan -
                                        Series VI
Uti Asset Management Co. Ltd            UTI Liquid Cash Plan  ICRA A1+mfs  -       outstanding
Yes Bank Ltd                            ST Fixed Deposit      ICRA A1+     -       Reaffirmed
                                        Programme
Yes Bank Ltd                            CD Programme          ICRA A1+     200000  Reaffirmed
MEDIUM TERM RATINGS:
-------------------
Thangamayil Jewellery Ltd               Fixed Deposit         MA-          480     Reaffirmed
                                        Programme
Thangamayil Jewellery Ltd               Fixed Deposit         MA-          110     Assigned
                                        Programme
LONG TERM RATINGS:
-------------------
Abis Hatchery Pvt Ltd                   FB-TL                 ICRA BBB     80      Reaffirmed
Arihantanam Lifecare Pvt Ltd            Bk Loan Ratings       ICRA BB- /   146.7   -
                                                              ICRA A4
(Issuer not cooperating)
Kohinoor Hospitals Pvt Ltd              Bk Loan Ratings       ICRA B-      574.1   -
Review process is underway.
Abis Hatchery Pvt Ltd                   FB-CC                 ICRA BBB     40      Reaffirmed
Accura Organic Foods                    Unallocated Limits    ICRA BB+     12.9     -
(Issuer Not Cooperating)
Centric Steel Ltd                       Fund based - CC       ICRA BB-     150      -
(Issuer Not Cooperating)
Champion Commercial Co. Ltd             LT, FB Limits         ICRA BBB-    100     Revised from
                                                                                   ICRA BB+
Champion Commercial Co. Ltd             LT and ST,            ICRA BBB-    35      Revised from
                                        Unallocated Limit     /ICRA A3             ICRA BB+
                                                                                   /ICRA A4+
Clean Wind Power (Manvi) Pvt            FB -TL                ICRA BBB+    2590    Reaffirmed
Ltd
D Nitin & Company Pvt Ltd               LT, FB Limits         ICRA BBB-    1000    Revised from
                                                                                   ICRA BBB
Doshi Ceramic Industries                CC                    ICRA B+      5       -
Rating moved to ‘(Issuer Not Cooperating)’ category
Doshi Ceramic Industries                TL                    ICRA B+      29.2    -
Rating moved to ‘(Issuer Not Cooperating)’ category
Doshi Ceramic Industries                Unallocated Limits    ICRA B+ /A4  19.6    -
Rating moved to ‘(Issuer Not Cooperating)’ category
Enviro Green Alloys Inc.                LT – FB               ICRA B+      70
(Issuer Not Cooperating)
Ester Industries Ltd                    TL                    ICRA BBB-    950     Withdrawn
Ester Industries Ltd                    LT fund based         ICRA BBB-    600     Withdrawn
Ethics Polysack Llp                     Fund based – CC       ICRA B       14      -
Rating continues to remain under ‘(Issuer Not Cooperating)’ category
Ethics Polysack Llp                     Fund based – TL       ICRA B       46      -
Rating continues to remain under ‘(Issuer Not Cooperating)’ category
G.N. Bullion Pvt Ltd                    Bk Fac                ICRA BB      145     -
Reason for delay in carrying out periodic review:- (Issuer Not Cooperating)
Girdhar Tents Pvt Ltd                   FBL                   ICRA BB-     90      -
Reason for delay in carrying out periodic review - Info and fee not provided
Godrej Agrovet Ltd                      FB-Working Capital FacICRA AA      600     Reaffirmed
Green Mobiles                           FB - Working Capital  ICRA BBB     3350    Assigned
                                        Fac
Green Mobiles                           Unallocated           ICRA BBB     650     Assigned
Gulf Orient Shipping                    FB – CC               ICRA B-      50      Withdrawn
Gulf Orient Shipping                    Unallocated           ICRA B- /    50      Withdrawn
                                                              A4
Lioli Ceramica Pvt. Ltd.                LT/ST unallocated     ICRA B/A4    1250    Withdrawn
                                        limits
Magma Autolinks Pvt Ltd                 LT - Fund Based/ CC   ICRA B+      10      -
Continues to remain under the ‘(Issuer Not Cooperating)’ category
Magma Autolinks Pvt Ltd                 LT - Fund Based TL    ICRA B+      50      -
Continues to remain under the ‘(Issuer Not Cooperating)’ category
Marks Engineering Works                 LT – FB               ICRA BBB-    28.5    -
(Issuer Not Cooperating)
Micro Logistics (I) Pvt. Ltd.           FB – CC               ICRA B+      70      Withdrawn
Micro Logistics (I) Pvt. Ltd.           FB – Working Capital  ICRA B+      10      Withdrawn
                                        Demand Loan
Micro Logistics (I) Pvt. Ltd.           Unallocated           ICRA B+      20      Withdrawn
Opus Dei Logistics (India)              FB – CC               ICRA B+      60      Withdrawn
Pvt. Ltd.
Opus Dei Logistics (India)              FB – Working Capital  ICRA B+      10      Withdrawn
Pvt. Ltd.                               Demand Loan
Opus Dei Logistics (India)              Unallocated           ICRA B+      30      Withdrawn
Pvt. Ltd.
Paramasivam Palanisamy                  LT – FB               ICRA D       238     -
Charitable Trust
(Issuer Not Cooperating)
Purewal Stone Crusher                   LT - Fund Based/ CC   ICRA B       50      -
Continues to remain under the ‘(Issuer Not Cooperating)’ category
Purewal Stone Crusher                   LT - Fund Based TL    ICRA B       36      -
Continues to remain under the ‘(Issuer Not Cooperating)’ category
Purewal Stone Crusher                   LT – Unallocated      ICRA B       4       -
Continues to remain under the ‘(Issuer Not Cooperating)’ category
Ramsons Casting Pvt Ltd                 Fund based – CC       ICRA B+      75      -
Rating moved to the ‘(Issuer Not Cooperating)’ category
Ramsons Casting Pvt Ltd                 Unallocated Limits    ICRA B+ /    12.5    -
                                                              ICRA A4
Rating moved to the ‘(Issuer Not Cooperating)’ category
S. J. Logistics (India) Ltd             FB – CC               ICRA B+      180     Withdrawn
(Erstwhile S. J. Logistics
(India) Pvt. Ltd.)
S. J. Logistics (India) Ltd             FB – TL               ICRA B+      68      Withdrawn
(Erstwhile S. J. Logistics
(India) Pvt. Ltd.)
S. J. Logistics (India) Ltd             FB FCDL*              ICRA B+      -       Withdrawn
(Erstwhile S. J. Logistics
(India) Pvt. Ltd.)
*sublimit of CC
S. J. Logistics (India) Ltd             Unallocated           ICRA B+      2       Withdrawn
(Erstwhile S. J. Logistics
(India) Pvt. Ltd.)
Sbi Cards And Payment Services          LT – Bonds / NCD      ICRA AAA     15000   Assigned
(P) Ltd
Sbi Cards And Payment Services          LT – Bonds / NCD      ICRA AAA     15000   Reaffirmed
(P) Ltd
Sbi Cards And Payment Services          LT – Sub. Bonds/debt  ICRA AAA     15900   Reaffirmed
(P) Ltd                                 programme
Sbi Cards And Payment Services          LT ST – Fund based/   ICRA AAA /   140000  Reaffirmed
(P) Ltd                                 non-FB Bk lines       ICRA A1+
Skyline Millars Ltd                     Fund based – CC       ICRA D       25
Rating continues to remain in the ‘(Issuer Not Cooperating)’ category
Skyline Millars Ltd                     Fund based – TL       ICRA D       35
Rating continues to remain in the ‘(Issuer Not Cooperating)’ category
Sml Isuzu Ltd                           CC                    ICRA AA      250
Reason for delay in carrying out periodic review:- Review process is underway
Sri Lalitha Enterprises                 FB - Working Capital  ICRA A-      3450    Reaffirmed
Industries Pvt Ltd                      Fac
Sri Lalitha Enterprises                 TL                    ICRA A-      150     Reaffirmed
Industries Pvt Ltd
Sri Maharaja Industries                 LT – FB               ICRA D       50
(Issuer Not Cooperating)
Sri Maharaja Oil Imports &              LT – FB               ICRA D       140
Exports India Pvt Ltd
(Issuer Not Cooperating)
Sri Maharaja Oil Imports &              LT/ST – Unallocated   ICRA D       10
Exports India Pvt Ltd                                         /ICRA D
(Issuer Not Cooperating)
Sri Maharaja Refineries                 LT – FB               ICRA D       100
(Issuer Not Cooperating)
Thangamayil Jewellery Ltd               LT - Fund based       ICRA BBB+    2920    Upgraded
                                                                                   from ICRA BBB
Thangamayil Jewellery Ltd               LT/ST – Proposed Fac  ICRA BBB+/   90      Upgraded
                                                              ICRA A2              from ICRA
                                                                                   BBB/ ICRA A3+
Tube Turn India Pvt Ltd                 Fund based - CC       ICRA BB-     20
Rating continue to be in ‘(Issuer Not Cooperating)’ category
Uti Asset Management Co. Ltd            UTI Ultra ST Fund     ICRA AAAmfs  -       outstanding
Uti Asset Management Co. Ltd            UTI Treasury          ICRA AAAmfs  -       outstanding
                                        Advantage Fund
Uti Asset Management Co. Ltd            UTI Bond Fund         ICRA AAAmfs  -       outstanding
Uti Asset Management Co. Ltd            UTI Dynamic Bond Fund ICRA AAAmfs  -       outstanding
Uti Asset Management Co. Ltd            UTI Bking and PSU     ICRA AAAmfs  -       outstanding
                                        Debt Fund
Uti Asset Management Co. Ltd            UTI Capital           ICRA AAAmfs  -       Reaffirmed
                                        Protection Oriented   (SO)
                                        Scheme Series X - Plan 2
Uti Asset Management Co. Ltd            UTI Capital           ICRA AAAmfs  -       Reaffirmed
                                        Protection Oriented   (SO)
                                        Scheme Series IX - Plan 1
Uti Asset Management Co. Ltd            UTI Capital           ICRA AAAmfs  -       Reaffirmed
                                        Protection Oriented   (SO)
                                        Scheme Series IX - Plan 2
Uti Asset Management Co. Ltd            UTI Capital           ICRA AAAmfs  -       Reaffirmed
                                        Protection Oriented   (SO)
                                        Scheme Series IX - Plan 3
Yes Bank Ltd                            Basel II Compliant    ICRA AA      15441   Reaffirmed
                                        Upper Tier II Bond
                                        Programme
Yes Bank Ltd                            Basel II Compliant    ICRA AA      4610    Reaffirmed
                                        Tier I Bond Programme
Yes Bank Ltd                            Basel III Compliant   ICRA AA      108000  Reaffirmed
                                        Additional Tier I     (hyb)
                                        Bond Programme
Yes Bank Ltd                            Basel II Compliant    ICRA AA+     25306   Reaffirmed
                                        Lower Tier II Bond                         
                                        Programme
Yes Bank Ltd                            Infrastructure Bond   ICRA AA+     70300   Reaffirmed
                                        Programme
Yes Bank Ltd                            Basel III Compliant   ICRA AA+     109000  Reaffirmed
                                        Tier II Bond Programme(hyb)
--------------------------------------------------------------------------------------------
$: 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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