December 19, 2018 / 11:38 AM / 2 months ago

ICRA ratings for Indian debt instruments-Dec 19

   Dec 19 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of December 18, 2018.


COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Aptus Value Housing Finance             ST Debt               ICRA A1      2000    outstanding
India Ltd
Borosil Ltd (Erstwhile                  ST: NFBL              ICRA A4+     50      Reaffirmed
Hopewell Tableware Pvt Ltd)
Continues on watch with developing implications
Chiripal Poly Films Ltd                 Non-FBL               ICRA A2+     3000    Withdrawn
Hcl Technologies Ltd                    CP Programme Trust    ICRA A1+     2000    -
                                        Name
Placed on rating watch with developing implications
K-Pack Systems Pvt Ltd                  ST-Non-FB Fac         ICRA A4      20      -
(Issuer Not Cooperating)
K-Pack Systems Pvt Ltd                  ST-Unallocated Fac    ICRA A4      17.5    -
(Issuer Not Cooperating)
Sri Adhitya Polyfilms Pvt. Ltd.         ST – Non-fund based   ICRA A4      22.5    -
(Issuer Not Cooperating)
Alliance Granimarmo Pvt Ltd             ST – FB               ICRA D       335     -
(Issuer Not Cooperating)
Alliance Granimarmo Pvt Ltd             ST – Non-fund based   ICRA D       20      -
(Issuer Not Cooperating)


LONG TERM RATINGS:
-------------------
Alliance Granimarmo Pvt Ltd             LT – FB/TL            ICRA D       179.7   -
(Issuer Not Cooperating)
Alliance Granimarmo Pvt Ltd             LT/ST – Unallocated   ICRA D       45.3    -
(Issuer Not Cooperating)
Aptus Value Housing Finance             NCDs                  ICRA A       1010    Assigned
India Ltd
Aptus Value Housing Finance             FB TL                 ICRA A       8950    outstanding
India Ltd
Aptus Value Housing Finance             FB CC                 ICRA A       50      outstanding
India Ltd
Aptus Value Housing Finance             NCDs                  ICRA A       5000    outstanding
India Ltd
Aye Finance (P) Ltd -Vivriti            PTC Series A1         Provisional  -       Withdrawn
Lonwabo 09 2018                                               ICRA A-(SO)
Bale Babu Estates Pvt Ltd               LT / Non Fund based   ICRA B       66.4    Withdrawn
Bharat Chemicals                        LT FB- CC             ICRA BB-     140     Reaffirmed
Borosil Ltd (Erstwhile                  LT: Fund based – TL   ICRA BB      108     Reaffirmed
Hopewell Tableware Pvt Ltd)
Continues on watch with developing implications
Borosil Ltd (Erstwhile                  LT: Fund based – CC   ICRA BB      250     Reaffirmed
Hopewell Tableware Pvt Ltd)
Continues on watch with developing implications
Borosil Ltd (Erstwhile                  LT: Unallocated limitsICRA BB      92      Reaffirmed
Hopewell Tableware Pvt Ltd)
Continues on watch with developing implications
Chiripal Poly Films Ltd                 TL                    ICRA A-      2950    Withdrawn
Chiripal Poly Films Ltd                 FBL                   ICRA A-      2350    Withdrawn
G R Constructions                       FBL                   ICRA BB      102     Assigned
G R Constructions                       Non-FBL               ICRA         250     Assigned
                                                              BB/ICRA A4
G R Constructions                       Unallocated           ICRA         100     outstanding
                                                              BB/ICRA A4
Gurunanak Stone Industries              LT: CC                ICRA B       50      Withdrawn
Gurunanak Stone Industries              LT: Unallocated       ICRA B       5       Withdrawn
Hcl Technologies Ltd                    LT CC Fac             ICRA AAA     600     -
placed on rating watch with developing implications
Hcl Technologies Ltd                    LT/ST Non-FB Fac      ICRA AAA     11670   -
                                                              /ICRA A1+
placed on rating watch with developing implications
Hcl Technologies Ltd                    LT/ST Fund            ICRA AAA     17440   -
                                        Based/Non-Fund Based  /ICRA A1+
placed on rating watch with developing implications
Indian School Finance Company           PTC Series A2         ICRA A-(SO)  7.2     Withdrawn
Pvt Ltd - Techne Sbl Ifmr
Capital 2015
K-Pack Systems Pvt Ltd                  LT-Fund Based CC      ICRA B+      12.5    -
(Issuer Not Cooperating)
Raichur Roller Flour Mills              LT - Fund based - CC  ICRA B+      50      Reaffirmed
Raichur Roller Flour Mills              LT - Fund based - TL  ICRA B+      17.8    Reaffirmed
Raichur Roller Flour Mills              LT - Unallocated      ICRA B+      7.2     Reaffirmed
Reliable Devices Trust                  PTC                   ICRA AAA(SO) 50000   Final rating
-Reliable Devices Trust
Sai Sannidhi Agro Tech                  FB - Working Capital  ICRA B+      70      Reaffirmed
                                        Fac 7.00
Sai Sannidhi Agro Tech                  FB- TL                ICRA B+      10      Reaffirmed
Saisons Trade & Industry Pvt            NCDs (NCD)            ICRA D       200     Downgraded
Ltd                                                                                from ICRA B+
Sri Adhitya Polyfilms Pvt. Ltd.         LT – FB/CC            ICRA B-      50      -
(Issuer Not Cooperating)
Sri Adhitya Polyfilms Pvt. Ltd.         LT – FB/TL            ICRA B-      6.7     -
(Issuer Not Cooperating)
Sri Adhitya Polyfilms Pvt. Ltd.         LT/ST – Unallocated   ICRA B-      0.8     -
                                                              /ICRA A4
(Issuer Not Cooperating)
Vajrakalpa Cotton                       FBL- CC               ICRA BB-     180     Assigned
Vajrakalpa Cotton                       Unallocated limits    ICRA BB-     20      Assigned
--------------------------------------------------------------------------------------------
$: 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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