August 16, 2019 / 11:20 AM / 4 months ago

ICRA ratings for Indian debt instruments-Aug 16

   Aug 16 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of August 14, 2019.


COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Alfa Peb Ltd                            ST – LOC              ICRA A4+     50      Withdrawn
Alfa Peb Ltd                            ST – BG               ICRA A4+     10      Withdrawn
Chloride Metals Ltd                     Non fund based        ICRA A1+     3800    Reaffirmed
Emudhra Ltd                             ST - Non-Fund Base    ICRA A3+     20      Assigned
Jindal Aluminium Ltd                    CP Programme          ICRA A1+     -       Withdrawn
Jindal Aluminium Ltd                    Non-fund based -      ICRA]A1+     400     Outstanding
                                        Working capital Fac
Jrs Pharma & Gujarat Microwax           Non-fund Based LOC    ICRA A2+     10      Reaffirmed
Pvt. Ltd
Jrs Pharma & Gujarat Microwax           Non-fund Based BG     ICRA A2+     7.5     Reaffirmed
Pvt. Ltd
Jrs Pharma & Gujarat Microwax           Non-fund Based Credit ICRA A2+     17.8    Reaffirmed
Pvt. Ltd                                Exposure Limit
Milano Papers Pvt. Ltd                  Non-Fund Based - BG   ICRA A4      12      Withdrawn
National Fertilizers Ltd                ST - Non-fundbased FacICRA A1+     30000   Reaffirmed
National Fertilizers Ltd                CP^                   ICRA A1+     60000   Reaffirmed
^Commercial paper program and Long-term CC limits are interchangeable with total 
borrowing capped at lower of the drawing power or the sanctioned fund-based limits.
National Fertilizers Ltd                ST un-allocated limitsICRA A1+     102.5   Reaffirmed
Shobhaglobs Engineers Hub Pvt           ST - Non Fund Based   ICRA A4      4       Assigned
Ltd
Snj Sugars And Products Ltd             ST – Non-Fund Based   ICRA A2+     80      -
@; rating placed under watch with negative implications
Snj Sugars And Products Ltd             ST – Interchangeable  ICRA A2+     -       -
@; rating placed under watch with negative implications
The Tata Power Co. Ltd                  CP                    ICRA A1+     70000   Reaffirmed

MEDIUM TERM RATINGS:
-------------------
Jindal Aluminium Ltd                    Fixed Deposit         MAA          150     Reaffirmed
                                        Programme
Jindal Aluminium Ltd                    Fixed Deposit         MAA          20      Assigned
                                        Programme
LONG TERM RATINGS:
-------------------
Alfa Peb Ltd                            LT – TL               ICRA BB      13      Withdrawn
Alfa Peb Ltd                            LT – CC               ICRA BB      47.5    Withdrawn
Alfa Peb Ltd                            LT/ST – Unallocated   ICRA BB      104.5   Withdrawn
Chloride Metals Ltd                     Fund based – CC       ICRA AA      350     Reaffirmed
Emudhra Ltd                             LT - Fund Based - CC  ICRA BBB     80      Assigned
Emudhra Ltd                             LT - Fund Based - TL  ICRA BBB     250     Assigned
Everest Gold Mart Pvt Ltd               LT – FB / CC          ICRA BB+     280     -
Reason for delay in carrying out periodic review: Information yet to be received
Jindal Aluminium Ltd                    Fund based - TL       ICRA]AA      1150    Outstanding
Jindal Aluminium Ltd                    Fund based - Working  ICRA]AA      2450    Outstanding
                                        capital Fac
Jrs Pharma & Gujarat Microwax           FB EPC/PCFC/FBD/EBR   ICRA A-      150     Reaffirmed
Pvt. Ltd
Jrs Pharma & Gujarat Microwax           FBD/EBR sublimit to   ICRA A-      -       Reaffirmed
Pvt. Ltd                                EPC/PCFC/FBD/EBR
Jrs Pharma & Gujarat Microwax           CC-sublimit to        ICRA A-      -       Reaffirmed
Pvt. Ltd                                EPC/PCFC/FBD/EBR
Jrs Pharma & Gujarat Microwax           Unallocated           ICRA A-      100     Reaffirmed
Pvt. Ltd                                                      /ICRA A2+
Milano Papers Pvt. Ltd                  FB - TL               ICRA B+      63.1    Withdrawn
Milano Papers Pvt. Ltd                  FB - CC               ICRA B+      150     Withdrawn
National Fertilizers Ltd                LT-CC Limits          ICRA AA      50000   Reaffirmed
National Fertilizers Ltd                TL                    ICRA AA      11677.5 Reaffirmed
Ojas Mall Management Pvt Ltd            FB -TL                ICRA BB-     800     Withdrawn
Purav Cotton Industries                 FB - TL               ICRA B+      2.9     Withdrawn
Purav Cotton Industries                 FB - CC               ICRA B+      144     Withdrawn
Purav Cotton Industries                 Unallocated Limits    ICRA B+      94.8    Withdrawn
S. K. S. Educational And                FB -TL                ICRA BBB     70      Withdrawn
Social Trust
S. K. S. Educational And                FB -Overdraft facilityICRA BBB     30      Withdrawn
Social Trust
Shobhaglobs Engineers Hub Pvt           LT - Fund Based -TL   ICRA B       34      Assigned
Ltd
Shobhaglobs Engineers Hub Pvt           LT - Fund Based -CC   ICRA B       9       Assigned
Ltd
Shobhaglobs Engineers Hub Pvt           LT - Unallocated      ICRA B       53      Assigned
Ltd
Shree Yamuna Ginning And                FB-TL                 -            -       -
Pressing Factory
Shree Yamuna Ginning And                FB- CC                ICRA B+      50      Reaffirmed
Pressing Factory
Shree Yamuna Ginning And                Unallocated Limits    ICRA B+      14      Reaffirmed
Pressing Factory
Snj Breweries Pvt Ltd                   LT – Proposed Loan    ICRA A- @    420     -
rating placed under watch with negative implications
Snj Breweries Pvt Ltd                   LT - Fund Based/ CC   ICRA A- @    350     -
rating placed under watch with negative implications
Snj Distillers Pvt Ltd                  Fund based CC         ICRA BBB     600     Withdrawn
Snj Sugars And Products Ltd             LT - Fund Based TL    ICRA A- @    341.7   -
rating placed under watch with negative implications
Snj Sugars And Products Ltd             LT - Fund Based/ CC   ICRA A- @    650     -
rating placed under watch with negative implications
Snj Sugars And Products Ltd             LT unallocated        ICRA A- @    428.3   -
rating placed under watch with negative implications
The Tata Power Co. Ltd                  NCD (NCD) Programme   ICRA AA-     7470    Reaffirmed
Vijaya Krishna Agro Food                TL                    ICRA D       75      Withdrawn
Processing Pvt Ltd
Vijaya Krishna Agro Food                CC                    ICRA D       30      Withdrawn
Processing Pvt Ltd
--------------------------------------------------------------------------------------------
$: 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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