July 18, 2019 / 11:23 AM / a month ago

RPT-ICRA ratings for Indian debt instruments-Jul 18

 (Repeating to add more ratings.)
    Jul 18 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of July 17, 2019.


COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                         (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Alukkas Gold Retail India Pvt           ST Fund based SublimitICRA A2+     -       Reaffirmed
Ltd
Birla Carbon India Pvt Ltd              CP Programme          ICRA A1+     6000    -
Davat Beverages Pvt. Ltd                Non-fund Based -BG    ICRA A4+     5       upgraded
                                                                                   from ICRA A4
Dsp Investment Managers Pvt Ltd         DSP Overnight Fund    ICRA A1+mf   -       Assigned
Farmson Pharmaceutical Gujarat          Non-FB Fac – BG/LC    ICRA A2+     150     Withdrawn
Pvt. Ltd
India Infoline Finance Ltd              PTC Series A          Provisional  1000    Assigned
-Secure Trust July 2019                                       ICRA A1+(SO)
Interglobe Aviation Ltd –               ST FB Limits          ICRA A1+     1550    -
Update On Material Event
Interglobe Aviation Ltd –               ST Non-FBL            ICRA A1+     3250    -
Update On Material Event
Interglobe Aviation Ltd –               ST Non-fund Based     ICRA A1+     -       -
Update On Material Event                Sub-Limits*
* Sub-limits of other facilities
K.K. Builders                           ST - Non Fund Based   ICRA A4      350     -
Reason for delay in carrying out periodic review: - Issuer not cooperating
Travancore Cocotuft Pvt Ltd             ST - Fund Based       ICRA A4+     240     -
Issuer did not co-operate; based on best available information
Travancore Cocotuft Pvt Ltd             ST - Unallocated      ICRA A4+     2       -
Issuer did not co-operate; based on best available information
Travancore Cocotuft Pvt Ltd             ST - Non-Fund Based   ICRA A4+     25      -
Issuer did not co-operate; based on best available information


MEDIUM TERM RATINGS:
-------------------
Senco Gold Ltd                          Fixed Deposit         MA           1150    Assigned
                                        Programme
LONG TERM RATINGS:
-------------------
Alukkas Enterprises Pvt Ltd             LT FB Fac             ICRA A-      450     Reaffirmed
Alukkas Gold Retail India Pvt           LT FB Fac             ICRA A-      3850    Reaffirmed
Ltd
Alukkas Jewellery Thrissur              LT FB Fac             ICRA A-      845     Reaffirmed
Birla Carbon India Pvt Ltd              LT / ST, FB / Non-FB  ICRA AA /    12000   -
                                        Fac                   ICRA A1+
Cae Simulation Training Pvt Ltd         TL                    ICRA A       -       -
Davat Beverages Pvt. Ltd                FB - CC               ICRA BB      32.5    upgraded
                                                                                   from ICRA BB-
Davat Beverages Pvt. Ltd                FB - TL               ICRA BB      152.7   upgraded
                                                                                   from ICRA BB-
Dev Metals And Alloys Pvt. Ltd          FB TL                 ICRA D       9.6     downgraded
                                                                                   from ICRA C
Rating moved to the ‘Issuer Not Cooperating’ category
Dev Metals And Alloys Pvt. Ltd          FB CC                 ICRA D       70      downgraded
                                                                                   from ICRA C
Rating moved to the ‘Issuer Not Cooperating’ category
Dev Metals And Alloys Pvt. Ltd          Non-fund Based LOC    ICRA D       15      downgraded
                                                                                   from ICRA A4
Rating moved to the ‘Issuer Not Cooperating’ category
Dev Metals And Alloys Pvt. Ltd          Unallocated Limit     ICRA D       13.6    downgraded
                                                                                   from ICRA
                                                                                   C/A4
Rating moved to the ‘Issuer Not Cooperating’ category
Diamond India Ltd                       LT – FBL              ICRA BBB     1730    -
Diamond India Ltd                       LT – Unallocated      ICRA BBB     270     -
                                        limits
Dsp Investment Managers Pvt Ltd         DSP Strategic Bond    ICRA AA+mfs  -       Outstanding
                                        Fund
Dsp Investment Managers Pvt Ltd         DSP Ultra Short Fund  ICRA AAAmfs  -       Outstanding
Dsp Investment Managers Pvt Ltd         DSP Savings Fund      ICRA AAAmfs  -       Outstanding
Dsp Investment Managers Pvt Ltd         DSP ST Fund           ICRA AAAmfs  -       Outstanding
Dsp Investment Managers Pvt Ltd         DSP Liquidity Fund    ICRA AAAmfs  -       Outstanding
Dsp Investment Managers Pvt Ltd         DSP Bking & PSU Debt  ICRA AAAmfs  -       Outstanding
                                        Fund
Farmson Pharmaceutical Gujarat          FB Fac – CC/Others    ICRA A-      100     Withdrawn
Pvt. Ltd
Interglobe Aviation Ltd –               LT Non-FBL            ICRA A+      3356.3  -
Update On Material Event
Interglobe Aviation Ltd –               LT Non-fund Based     ICRA A+      -       -
Update On Material Event                Sub-Limits*
* Sub-limits of other facilities
Interglobe Aviation Ltd –               Unallocated           ICRA A+      5418.9  -
Update On Material Event
Interglobe Aviation Ltd –               Issuer Rating         ICRA A+      -       -
Update On Material Event
Interglobe Aviation Ltd –               LT/ST Non-FBL         ICRA A+ /A1+ 66424.8 -
Update On Material Event
K.K. Builders                           LT - Fund Based/ CC   ICRA B+      230     -
Reason for delay in carrying out periodic review: - Issuer not cooperating
K.K. Builders                           LT - Fund Based TL    ICRA B+      73.5    -
Reason for delay in carrying out periodic review: - Issuer not cooperating
K.K. Builders                           LT / ST - Unallocated ICRA B+ /A4  6.5     -
Reason for delay in carrying out periodic review: - Issuer not cooperating
K.K. Leisures & Tourism                 LT - Fund Based TL    ICRA B-      142.7   -
International Pvt Ltd
Reason for delay in carrying out periodic review: - Issuer not cooperating
K.K. Leisures & Tourism                 LT - Unallocated      ICRA B-      7.3     -
International Pvt Ltd
Reason for delay in carrying out periodic review: - Issuer not cooperating
Parmarth Wind Energy Pvt Ltd            FB TL                 ICRA BBB+    259     Reaffirmed
Reproscan Tech Park Llp                 Issuer Rating         ICRA BBB+    -       Assigned
Senco Gold Ltd                          FB Working Capital FacICRA A-      5500    Outstanding
Sharanamma Diggavi Memorial             LT - Fund Based TL    ICRA D       62.9    -
Educational Trust
Reason for delay in carrying out periodic review: - Issuer not cooperating
Sharanamma Diggavi Memorial             LT - Unallocated      ICRA D       17.1    -
Educational Trust
Reason for delay in carrying out periodic review: - Issuer not cooperating
Shubhjivan Developers Llp               BLR                   ICRA BB-     200     -
Reason for delay in carrying out periodic review: - Issuer not cooperating
Spandana Sphoorty Financial             PTC Series A2         ICRA AA-(SO) -       Withdrawn
Ltd - Syamantaka Ifmr Capital 2017
Spandana Sphoorty Financial             PTC Series A1         ICRA AAA(SO) -       Withdrawn
Ltd - Syamantaka Ifmr Capital 2017
Gsco Infrastructure Pvt. Ltd            Fund based-CC         ICRA D       64      Revised from
                                                                                   ICRA BB+
(Rating continues to remain in the ‘Issuer Not Cooperating’ category)
Gsco Infrastructure Pvt. Ltd            Non-Fund based BG     ICRA D       400     Revised from
                                                                                   ICRA BB+
(Rating continues to remain in the ‘Issuer Not Cooperating’ category)
Reproscan Tech Park Llp                 Issuer Rating         ICRA BBB+    -       Assigned
Sanco Foundation                        FB -TL                ICRA BB-     1742.7  Assigned
Sanco Foundation                        LT- Unallocated       ICRA BB-     1257.3  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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