July 10, 2019 / 11:21 AM / 3 months ago

ICRA ratings for Indian debt instruments-Jul 10

   Jul 10 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of July 9, 2019.


COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Graham Blowpack Pvt. Ltd                ST Non-fund based -LOCICRA A4+     45      Revised from
                                                                                   ICRA A4
Graham Blowpack Pvt. Ltd                ST                    ICRA A4+     -       Revised from
                                        InterchangeableClean                       ICRA A4
                                        bill discounting
Kikani Exports Pvt Ltd                  ST – Fund Based       ICRA A4      3970    -
                                        Working Capital Fac
Reason for delay in carrying out periodic review: Issuer not cooperating
Kiran Gems Pvt Ltd                      ST, Non-FB Fac        ICRA A1&     1920    -
placed on watch with developing implications
Radha Madhav Exim Ltd                   ST: Non-fund Based    ICRA A3 (S)  195     Withdrawn
Satya Microcapital Ltd                  CP                    ICRA A3      100     Outstanding
Secoora Tiles Llp                       EPC/FBD/PCFC/EBR*     ICRA A4      -       -
Reason for delay in carrying out periodic review: Issuer delayed in giving information. 
*Sub-limit of cash credit limit
Secoora Tiles Llp                       Forward Contract      ICRA A4      -       -
                                        Limit*
Reason for delay in carrying out periodic review: Issuer delayed in giving information. 
*Sub-limit of cash credit limit
Secoora Tiles Llp                       BG                    ICRA A4      15      -
Reason for delay in carrying out periodic review: Issuer delayed in giving information
Society Of Green Makers Pvt Ltd         ST – Non-fund based   ICRA A4+     80      -
Reason for delay in carrying out periodic review: Issuer not cooperating
Sp Textile Processors Pvt Ltd           ST – NonFund Based    ICRA A4+     2.5     -
                                        Working Capital Limits
Reason for delay in carrying out periodic review: Issuer delayed in giving information
Sundaram Bnp Paribas Home               CP                    ICRA A1+     15000   Outstanding
Finance Ltd
Uti Asset Management Co. Ltd            UTI Money Market Fund ICRA A1+mfs  -       Assigned
Uti Asset Management Co. Ltd            UTI Liquid Cash Plan  ICRA A1+mfs  -       Outstanding
Uti Asset Management Co. Ltd            UTI Overnight Fund    ICRA A1+mfs  -       Outstanding
Vitromed Healthcare                     Non-fund Based/BG     ICRA A3      40      Assigned


MEDIUM TERM RATINGS:
-------------------
Sundaram Bnp Paribas Home               Fixed Deposits        MAAA         -       Outstanding
Finance Ltd


LONG TERM RATINGS:
-------------------
Graham Blowpack Pvt. Ltd                LT FB -CC             ICRA BB+     70      Revised from
                                                                                   ICRA BB
Graham Blowpack Pvt. Ltd                LT FB -TL             ICRA BB+     6.5     Revised from
                                                                                   ICRA BB
IGT Solutions Pvt. Ltd                  FB limits             ICRA BBB+    200     Assigned
IGT Solutions Pvt. Ltd                  Non-FBL               ICRA BBB+    100     Assigned
Jana Small Finance Bank Ltd             LT Bk Fac             ICRA BBB-    826.6   Outstanding
Jana Small Finance Bank Ltd             NCDs                  ICRA BBB-    11140   Outstanding
Jana Small Finance Bank Ltd             NCDs                  ICRA BBB-    -       Outstanding
Jana Small Finance Bank Ltd             Subordinated Debt     ICRA BBB-    7510    Outstanding
Jana Small Finance Bank Ltd             Subordinated Debt     ICRA BBB-    2250    Outstanding
Kikani Exports Pvt Ltd                  LT – Fund Based TL    ICRA BB      1049.9  -
Reason for delay in carrying out periodic review: Issuer not cooperating
Kiran Gems Pvt Ltd                      LT, FB Fac            ICRA A+&     23767   -
placed on watch with developing implications
Kiran Gems Pvt Ltd                      LT / ST Unallocated   ICRA         563     -
                                                              A+&/ICRA A1&
placed on watch with developing implications
Nv Projects Pvt Ltd                     NCDs                  Provisional  890     Assigned
                                                              ICRA A-(SO)
Nv Projects Pvt Ltd                     NCDs                  Provisional  1060    Reaffirmed
                                                              ICRA A-(SO)
Nv Projects Pvt Ltd                     TL                    Provisional  490     Assigned
                                                              ICRA A-(SO)
Nv Realty Pvt Ltd                       TL                    Provisional  1410    Assigned /
                                                              ICRA A-(SO)          outstanding
Nv Realty Pvt Ltd                       NCDs                  Provisional  -       Withdrawn
                                                              ICRA A-(SO)
Piramal Realty Pvt Ltd                  NCD (NCD) Programme   ICRA A+(SO)  3500    Downgraded
                                                                                   from ICRA
                                                                                   AA-(SO)
Satya Microcapital Ltd                  Tier-II Bonds         ICRA BBB-    250     Assigned
                                        Programme
Satya Microcapital Ltd                  Bk Lines              ICRA BBB-    3500    Outstanding
Satya Microcapital Ltd                  NCD                   ICRA BBB-    1140    Outstanding
Satya Microcapital Ltd                  Sub-debt              ICRA BBB-    200     Outstanding
Satya Microcapital Ltd                  LT- Market Linked     PP-MLD ICRA  150     Outstanding
                                        Debenture             BBB-
Secoora Tiles Llp                       TL                    ICRA B+      100     -
Reason for delay in carrying out periodic review: Issuer delayed in giving information
Secoora Tiles Llp                       CC                    ICRA B+      50      -
Reason for delay in carrying out periodic review: Issuer delayed in giving information
Society Of Green Makers Pvt Ltd         LT – FB – CC          ICRA BB      5       -
Reason for delay in carrying out periodic review: Issuer not cooperating
Society Of Green Makers Pvt Ltd         LT/ST – Unallocated   ICRA BB      15      -
                                                              (Stable)/A4+
Reason for delay in carrying out periodic review: Issuer not cooperating
Sp Textile Processors Pvt Ltd           LT – Fund Based       ICRA BB+     65      -
                                        Working Capital Limits
Reason for delay in carrying out periodic review: Issuer delayed in giving information
Sundaram Bnp Paribas Home               NCDs (NCDs)           ICRA AA+     5000    Assigned
Finance Ltd
Sundaram Bnp Paribas Home               LT CC                 ICRA AA+     2000    Outstanding
Finance Ltd
Sundaram Bnp Paribas Home               LT TL                 ICRA AA+     5500    Outstanding
Finance Ltd
Sundaram Bnp Paribas Home               NCDs                  ICRA AA+     23300   Outstanding
Finance Ltd
Sundaram Bnp Paribas Home               Subordinated Debt     ICRA AA+     1700    Outstanding
Finance Ltd
Uti Asset Management Co. Ltd            UTI Capital           ICRA         -       Outstanding
                                        Protection Oriented   AAAmfs(SO)
                                        Scheme Series X - Plan 2
Uti Asset Management Co. Ltd            UTI Capital           ICRA         -       Outstanding
                                        Protection Oriented   AAAmfs(SO)
                                        Scheme Series IX - Plan 1
Uti Asset Management Co. Ltd            UTI Capital           ICRA         -       Outstanding
                                        Protection Oriented   AAAmfs(SO)
                                        Scheme Series IX - Plan 2
Uti Asset Management Co. Ltd            UTI Capital           ICRA         -       Outstanding
                                        Protection Oriented   AAAmfs(SO)
                                        Scheme Series IX - Plan 3
Uti Asset Management Co. Ltd            UTI Ultra ST Fund     ICRA AAmfs   -       Outstanding
Uti Asset Management Co. Ltd            UTI Treasury          ICRA BBB+mfs -       Outstanding
                                        Advantage Fund
Uti Asset Management Co. Ltd            UTI Bond Fund         ICRA BBBmfs@ -       Outstanding
@Under rating watch with negative implications
Uti Asset Management Co. Ltd            UTI Dynamic Bond Fund ICRA BBBmfs@ -       Outstanding
@Under rating watch with negative implications
Uti Asset Management Co. Ltd            UTI Bking and PSU     ICRA         -       Outstanding
                                        Debt Fund             BBB-mfs@
@Under rating watch with negative implications
Vitromed Healthcare                     FB/CC                 ICRA BBB-    62.5    Assigned
Vitromed Healthcare                     FB/TL                 ICRA BBB-    58.4    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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