January 18, 2019 / 11:34 AM / 9 months ago

ICRA ratings for Indian debt instruments-Jan 18

    Jan 18 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of January 17, 2019.

COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Brahmaputra Infrastructure Ltd          ST - Non-Fund Based   ICRA D       4780.8  Withdrawn
Issuer Not Cooperating
Caramia Granito Llp                     BG                    ICRA A4      15      Reaffirmed
Champion Commercial Co. Ltd             ST, Non-FBL           ICRA A3      85      Assigned /
                                                                                   Outstanding
Champion Commercial Co. Ltd             ST, Interchangeable   ICRA A3      200     Outstanding
                                        Limits
East Coast Engineering Company          ST: BG                ICRA A4      40      Reaffirmed
Godrej Industries Ltd                   Short-TL              ICRA A1+     2000    Reaffirmed
Godrej Industries Ltd                   Non-FB Fac            ICRA A1+     6000    Reaffirmed
Godrej Industries Ltd                   CP Programme^         ICRA A1+     600     Reaffirmed
^carved out of the above mentioned long-term, fund-based limits
Godrej Industries Ltd                   CP Programme          ICRA A1+     9400    Reaffirmed
Raghuveer Metal Industries Ltd          Non-fund Based – LOC  ICRA A4+     40      Assigned
Stp Ltd                                 ST - Non Fund Based   ICRA A4+     90      Upgraded
                                                                                   from ICRA A4
Varun Beverages Ltd                     CP/ ST debt           ICRA A1+     1000    Withdrawn
(rating watch with developing implications)

LONG TERM RATINGS:
-------------------
Acpl Exports Pvt Ltd                    Fund Based - CC       ICRA BBB-    150     Reaffirmed
Adishakti Alloys Pvt Ltd                LT- FBL – CC          ICRA D       72.5    -
*Issuer did not co-operate; based on best available information.
Adishakti Alloys Pvt Ltd                ST- Non-fundbased     ICRA D       144.5   -
                                        limit
*Issuer did not co-operate; based on best available information.
Balaji Infraventures Pvt Ltd            FB-limit – CC         ICRA D       50      -
*Issuer did not co-operate; based on best available information.
Balaji Infraventures Pvt Ltd            FB-limit – TL         ICRA D       70      -
*Issuer did not co-operate; based on best available information.
Baraka Overseas Traders                 LT – FB               ICRA B+      180     Reaffirmed
Brahmaputra Infrastructure Ltd          LT - Fund Based/ CC   ICRA D       1459.8  Withdrawn
Issuer Not Cooperating
Brahmaputra Infrastructure Ltd          LT - Fund Based TL    ICRA D       2697.4  Withdrawn
Issuer Not Cooperating
Caramia Granito Llp                     TL                    ICRA B+      195     Upgraded
                                                                                   from ICRA B
Caramia Granito Llp                     CC                    ICRA B+      90      Upgraded
                                                                                   from ICRA B
Champion Commercial Co. Ltd             LT, FB Limits         ICRA BBB-    200     Outstanding
Champion Commercial Co. Ltd             LT and ST,            ICRA BBB- /  15      Assigned
                                        Unallocated Limit     ICRA A3
Durga Automotives Pvt Ltd               FBL – CC              ICRA D       120     -
*Issuer did not co-operate; based on best available information.
East Coast Engineering Company          LT: CC limits         ICRA BB-     100     Reaffirmed
Electronic Payment & Services           TL                    ICRA BBB-    843     Reaffirmed
Pvt Ltd
Electronic Payment & Services           LT FBL                ICRA BBB-    50      Reaffirmed
Pvt Ltd
Electronic Payment & Services           Unallocated Limits    ICRA BBB-    157     Reaffirmed
Pvt Ltd
Godrej Industries Ltd                   Long-TL               ICRA AA      12000   Reaffirmed
Godrej Industries Ltd                   FB Fac                ICRA AA      900     Reaffirmed
Godrej Industries Ltd                   Non-FB Fac            ICRA AA      500     Reaffirmed
Grap Realty Pvt Ltd                     FB Limits – TL        ICRA BB-     165     Withdrawn
Nav Vidya Society For                   Fund based / TL       ICRA D       543.5   Downgraded
Education Research & Training                                                      from ICRA BB
Parankush Food Processing &             FBL – CC              ICRA B+      17.5    -
Rice Mill (P) Ltd
*Issuer did not co-operate; based on best available information.
Parankush Food Processing &             FBL – TL              ICRA B+      36.8    -
Rice Mill (P) Ltd
*Issuer did not co-operate; based on best available information.
Parankush Food Processing &             Non-FBlimit           ICRA B+      1.8     -
Rice Mill (P) Ltd
*Issuer did not co-operate; based on best available information.
Pipartoda Renewable Energy Pvt          TL                    ICRA A-      1770    Assigned
Ltd
Puravankara Ltd ( Previously            FB Limits             ICRA BBB+    26832.2 Outstanding
Puravankara Projects Ltd )
Puravankara Ltd ( Previously            LT Unallocated        ICRA BBB+    3157.8  Outstanding
Puravankara Projects Ltd )
Puravankara Ltd ( Previously            LT/ST                 ICRA BBB+ /  10      Outstanding
Puravankara Projects Ltd )              (Interchangeable) –   ICRA A2
                                        Unallocated
Puravankara Ltd ( Previously            Fixed Deposit         MA           1500    Assigned
Puravankara Projects Ltd )              Programme
Raghuveer Metal Industries Ltd          FB CC                 ICRA BB      90      Assigned
Raigarh Foods & Hotel Business          Fund based-CC         ICRA D       75      Reassigned
Pvt Ltd                                                                            from ICRA B+
Issuer Not Cooperating
Raigarh Foods & Hotel Business          Unallocated Limit     ICRA D       10      Reassigned
Pvt Ltd                                                                            from ICRA B+
Issuer Not Cooperating
Raigarh Foods & Hotel Business          Non-FBLBG             ICRA D       60      Reassigned
Pvt Ltd                                                                            from ICRA A4
Issuer Not Cooperating
Repro Books Ltd                         LT/ ST NFB WC Fac     ICRA         100     Assigned
                                                              BBB(SO) /
                                                              ICRA A3+(SO)
Repro Books Ltd                         LT/ ST InterchangeableICRA         -       Assigned
                                                              BBB(SO) /
                                                              ICRA A3+(SO)
Shorapur Solar Power Ltd                LT - TL               ICRA BBB-    383.6   Reaffirmed
Shorapur Solar Power Ltd                LT – Unallocated      ICRA BBB-    66.4    Reaffirmed
                                        limits
Stp Ltd                                 LT - Fund Based/ CC   ICRA BB      240     Upgraded
                                                                                   from ICRA BB-
Stp Ltd                                 LT - Non Fund Based   ICRA BB      20      Upgraded
                                                                                   from ICRA BB-
The Kadri Mills (Cbe) Ltd               LT/ST Non fund        ICRA A- /    100     Assigned
                                        based/FB Fac          ICRA A2+
Water And Sanitation Pooled             LT Bond Programme     ICRA AA(SO)  800     Reaffirmed
Fund
--------------------------------------------------------------------------------------------
$: 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)
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