June 12, 2018 / 10:43 AM / 7 days ago

ICRA ratings for Indian debt instruments-Jun 12

    Jun 12 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of June 11, 2018.


COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Asm Technologies Ltd                    ST: Non-fund based    ICRA A3+     10      Reaffirmed
Asm Technologies Ltd                    ST: Interchangeable^  ICRA A3+
Reaffirmed; ^Interchangeable with long term fund-based limits
Corporation Bank                        CD Programme          ICRA A1+     300000
Doshi Ceramic Industries                BG                    ICRA A4      2
Issuer not cooperating
Healthcaps India Ltd                    Non -Fund based       ICRA A2      115
Review under process
Jana Small Finance Bank Ltd             CP                    ICRA A2+     9000    Outstanding
(Erstwhile Janalakshmi
Financial Services Ltd )
Lila Dhar Devki Nandan                  Unallocated           ICRA A4      50
Rating continues to remain in the ‘Issuer Not Cooperating’ category
Lila Dhar Devki Nandan                  Non Fund Based        ICRA A4      50
Rating continues to remain in the ‘Issuer Not Cooperating’ category
Mmodal Global Services Pvt Ltd          ST FB Limits          ICRA A2+     270
Upgraded from ICRA A2
The Karur Vysya Bank Ltd                CD Programme          ICRA A1+     30000
Triveni Smelters Pvt Ltd                Non FBL – LOC         ICRA A4      35
Rating moved to the ‘Issuer Not Cooperating’ category

MEDIUM TERM RATINGS:
-------------------
Bank Of Baroda                          Medium Term Deposits  ICRA MAAA

LONG TERM RATINGS:
-------------------
Aptus Value Housing Finance             NCDs                  ICRA A       3000    Assigned
India Ltd
Aptus Value Housing Finance             NCDs                  ICRA A       2000    Reaffirmed
India Ltd
Aptus Value Housing Finance             LT Bk Fac             ICRA A       5000    Reaffirmed
India Ltd
Asm Technologies Ltd                    LT: FB                ICRA BBB     120
Reaffirmed; outlook revised from Stable to Negative
Asm Technologies Ltd                    LT: Unallocated       ICRA BBB     106.4
Reaffirmed; outlook revised from Stable to Negative
Bank Of Baroda                          Basel III Compliant   ICRA         10000
                                        Tier II Bonds         AAA(hyb)
                                        Programme
Corporation Bank                        Lower Tier II Bonds   ICRA AA-     2000
                                        Programme
Crown Promoters And Developers          TL                    ICRA D       63
Rating continues to remain in the ‘Issuer Not Cooperating’ category
Crown Promoters And Developers          BG                    ICRA D       47
Rating continues to remain in the ‘Issuer Not Cooperating’ category
Doshi Ceramic Industries                CC                    ICRA B+      5
Issuer not cooperating
Doshi Ceramic Industries                TL                    ICRA B+      29.2
Issuer not cooperating
Doshi Ceramic Industries                Unallocated Limits    ICRA B+ /A4  19.6
Issuer not cooperating
Fincare Small Finance Bank Ltd          PTC Series A1         ICRA A (SO)  230.4   Withdrawn
Fincare Small Finance Bank Ltd          PTC Series A1         ICRA A+ (SO) 28.1    Withdrawn
Ganapati Motors                         Bk Fac                ICRA BB-     285
Issuer not cooperating
Healthcaps India Ltd                    Fund based            ICRA BBB+    324
Review under process
Healthcaps India Ltd                    Non -Fund based       ICRA BBB+    1
Review under process
Jaipur Integrated Texcraft              LT Fund Based (TL)    ICRA BB-     250
Park Pvt Ltd
Downgraded from ICRA BB
Jana Small Finance Bank Ltd             NCDs                  ICRA A-      7500    Withdrawn
(Erstwhile Janalakshmi
Financial Services Ltd )
Jana Small Finance Bank Ltd             LT Bk Fac             ICRA A-      13000   Outstanding
(Erstwhile Janalakshmi
Financial Services Ltd )
Jana Small Finance Bank Ltd             NCDs                  ICRA A-      29660   Outstanding
(Erstwhile Janalakshmi
Financial Services Ltd )
Jana Small Finance Bank Ltd             Subordinated Debt     ICRA A-      7510    Outstanding
(Erstwhile Janalakshmi
Financial Services Ltd )
Jpc Infra Pvt Ltd                       Fund Based TL         ICRA D       208
Rating moved to the ‘Issuer Not Cooperating’ category
Jpc Infra Pvt Ltd                       Unallocated           ICRA D       2
Rating moved to the ‘Issuer Not Cooperating’ category
Lila Dhar Devki Nandan                  Fund Based/ CC        ICRA B-      60
Rating continues to remain in the ‘Issuer Not Cooperating’ category
Nabadigant Educational Trust            Bk Fac                ICRA BB      200
Issuer not cooperating
Nomax Electrical Steel Pvt Ltd          Fund Based – CC       ICRA C       173.3
Rating continues to remain under ‘Issuer Not Cooperating’ category
Nomax Electrical Steel Pvt Ltd          Fund Based – Untied   ICRA C       4.6
                                        Limits
Rating continues to remain under ‘Issuer Not Cooperating’ category
Om Corrugated Pack Pvt Ltd              FBL – CC              ICRA B+      40
Rating moved to the ‘Issuer Not Cooperating’ category
Om Corrugated Pack Pvt Ltd              FBL – TL              ICRA B+      26.5
Rating moved to the ‘Issuer Not Cooperating’ category
Om Corrugated Pack Pvt Ltd              Unallocated Limit     ICRA B+      27
Rating moved to the ‘Issuer Not Cooperating’ category
Polyplastics Automotive India           Fund Based-CC         ICRA D       80
Pvt Ltd
Rating continues to remain in the ‘Issuer Not Cooperating’ category
Polyplastics Automotive India           Fund Based-TL         ICRA D       97.5
Pvt Ltd
Rating continues to remain in the ‘Issuer Not Cooperating’ category
Polyplastics Automotive India           Fund Based            ICRA D       12
Pvt Ltd
Rating continues to remain in the ‘Issuer Not Cooperating’ category
Polyplastics Automotive India           Non-fund Based        ICRA D       2.5
Pvt Ltd
Rating continues to remain in the ‘Issuer Not Cooperating’ category
Polyplastics Automotive India           Unallocated           ICRA D       58
Pvt Ltd
Rating continues to remain in the ‘Issuer Not Cooperating’ category
R.J. Agro Industries                    FB Limits             ICRA B       60
Rating continues to remain in the ‘Issuer Not Cooperating’ category
Shangri-La Industries Pvt Ltd           FB limits             ICRA B-      430     Assigned
The Karur Vysya Bank Ltd                Lower Tier II Bonds   ICRA A+      3000
                                        Programme
Triveni Smelters Pvt Ltd                FBL – CC              ICRA BB-     103.4
Rating moved to the ‘Issuer Not Cooperating’ category
Vaibhav Laxmi Tex Pvt. Ltd.             Fund Based – CC       ICRA B+      40
Rating Moved to ‘Issuer Not Cooperating’ Category
Vaibhav Laxmi Tex Pvt. Ltd.             Fund Based - TL       ICRA B+      50
Rating Moved to ‘Issuer Not Cooperating’ Category

--------------------------------------------------------------------------------------------
$: 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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