June 5, 2018 / 10:47 AM / 4 months ago

ICRA ratings for Indian debt instruments-Jun 5

   Jun 5 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of June 4, 2018.


COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Fives Cail Kcp Ltd                      ST Non-fund based     ICRA A3      1220    Reaffirmed
Fives Cail Kcp Ltd                      ST Non-fund based     ICRA A3              Reaffirmed
                                        (Sublimit)
Nirmala Constructions                   ST-Non-fund based     ICRA A4+     3.5     withdrawn
Punjab And Sind Bank                    CDs Programme         ICRA A1+     100000  Outstanding
Ridley Life-Science Pvt Ltd             Non-fund based: ST    ICRA A4+     20      Reaffirmed
Fives Cail Kcp Ltd                      ST Unallocated        -                    -
Sgs Tekniks Manufacturing Pvt           Non-FBL               ICRA A2+     2       -
Ltd
(- Info and fee provided; Rating under process)
Shapoorji Pallonji                      CP                    ICRA A1      500     Outstanding
Infrastructure Capital Company
Pvt Ltd

LONG TERM RATINGS:
-------------------
A One Ispat Pvt Ltd                     LT - TL               ICRA BB+     173.8   -
A One Ispat Pvt Ltd                     LT - Working Capital  ICRA BB+     140     -
                                        Fac
A One Ispat Pvt Ltd                     LT – Unallocated      ICRA BB+     6.2     -
Adishakti Cars Pvt Ltd                  LT – FB Limit         ICRA BB      61      -
(Issuer delayed in sharing information)
Adishakti Cars Pvt Ltd                  LT – Unallocated      ICRA BB      14      -
                                        Limits
(Issuer delayed in sharing information)
Fives Cail Kcp Ltd                      LT Fund based         ICRA BBB-    390     Reaffirmed
Fives Cail Kcp Ltd                      LT Fund based         ICRA BBB-            Reaffirmed
                                        (Sublimit)
Gautam Industrial Corporation           Bk Loans              ICRA B+ /    68      -
Pvt. Ltd                                                      ICRA A4
Grap Realty Pvt Ltd                     LT scale - TL         ICRA BB-     165     Reaffirmed
Ncti Llp                                LT/ST- Unallocated    ICRA BB+     100     withdrawn
                                                              /A4+
Nirmala Constructions                   Fund Based- CC        ICRA BB+     40      withdrawn
Nirmala Constructions                   Fund Based -TL        ICRA BB+     10      withdrawn
Nirmala Constructions                   LT Non-fund based     ICRA BB+     27      withdrawn
Nirmala Constructions                   LT/ST- Unallocated    ICRA BB+     19.3    withdrawn
                                                              /A4+
Northern Arc Capital Ltd -              PTC Series A2         Provisional  22.5    Assigned
Zenith Trust 2018                                             ICRA
                                                              BBB+(SO)
Northern Arc Capital Ltd -              PTC Series A1         Provisional  1041.8  Assigned
Zenith Trust 2018                                             ICRA A-(SO)
Orange Infracon Pvt Ltd                 LT Fundbased          ICRA B+      380     Rating
                                                                                   continues to
                                                                                   remain in
                                                                                   the ‘Issuer
                                                                                   Not 
                                                                                   Cooperating’
                                                                                   category
Orange Infracon Pvt Ltd                 LT Unallocated        ICRA B+      120     Rating
                                                                                   continues to
                                                                                   remain in
                                                                                   the ‘Issuer
                                                                                   Not 
                                                                                   Cooperating’
                                                                                   category
Punjab And Sind Bank                    Basel III compliant   ICRA A+      10000   Outstanding
                                        Tier –I Bonds         (hyb)
Punjab And Sind Bank                    Basel II compliant    ICRA AA      10750   Outstanding
                                        Lower Tier II Bonds
Punjab And Sind Bank                    Basel II compliant    ICRA AA              withdrawn
                                        Lower Tier II Bonds
Ridley Life-Science Pvt Ltd             Fund based - CC – LT  ICRA BB      55      Reaffirmed
Sgs Tekniks Manufacturing Pvt           FBL                   ICRA BBB+    318     -
Ltd
(- Info and fee provided; Rating under process)
Sgs Tekniks Manufacturing Pvt           TL                    ICRA BBB+    125     -
Ltd
(- Info and fee provided; Rating under process)
Shapoorji Pallonji                      NCD                   ICRA A       2000    Outstanding
Infrastructure Capital Company
Pvt Ltd
Shapoorji Pallonji                      Fund based-TL         ICRA A       5500    Outstanding
Infrastructure Capital Company
Pvt Ltd
Shapoorji Pallonji                      Non-FBL               ICRA A /     20250   Outstanding
Infrastructure Capital Company                                ICRA A1
Pvt Ltd
Shapoorji Pallonji                      FBL (sub-limit of     ICRA A /             Outstanding
Infrastructure Capital Company          non-FBL)              ICRA A1;
Pvt Ltd
Shapoorji Pallonji                      Non-FBL               ICRA AA(SO)  5000    Assigned
Infrastructure Capital Company
Pvt Ltd
--------------------------------------------------------------------------------------------
$: 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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