March 7, 2019 / 11:30 AM / 4 months ago

ICRA ratings for Indian debt instruments-Mar 7

    Mar 7 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of March 6, 2019.


COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Adani Ports And Special                 CP Programme          ICRA A1+     67000   Outstanding
Economic Zone Ltd
Bhavin Agri-Infra Pvt Ltd               Non-fund based / LOC  ICRA A4      140     Reaffirmed
Canpac Trends Pvt. Ltd.                 Non-fund Based BG     ICRA A3      48      Reaffirmed
Canpac Trends Pvt. Ltd.                 Non-fund Based Credit ICRA A3      12      Reaffirmed
                                        Exposure Limit
Dhanlaxmi Iron Industries Pvt.          Non Fund Based – BG   ICRA A3+     30      Assigned
Ltd.
Dhanlaxmi Iron Industries Pvt.          Non Fund Based – LOC  ICRA A3+     50      Assigned
Ltd.
Hand In Hand India                      MFI Grading           M3+          -       Assigned
Housing Development Finance             CP programme          ICRA A1+     750000  Outstanding
Corporation Ltd
Iifl Commodities Ltd                    CP Programme          ICRA A1+     1000    Withdrawn
Jeevaka Industries Pvt. Ltd.            Non Fund Based – BG   ICRA A3+     60      Assigned
Jeevaka Industries Pvt. Ltd.            Non Fund Based – LOC  ICRA A3+     400     Assigned
Krishna Antioxidants Pvt Ltd            ST FB Working Capital ICRA A3+     260     Reaffirmed
Krishna Antioxidants Pvt Ltd            ST Non-fund Based     ICRA A3+     560     Reaffirmed
Oxyzo Financial Services Pvt            CP                    ICRA A2      50      Outstanding
Ltd
Radha Madhav Exim Ltd                   Non-Fund based- LOC   ICRA A3      195     Reaffirmed
Reliable Autotech Pvt Ltd               ST: Non Fund based    ICRA A3      338.9   Upgraded
                                                                                   from ICRA A4+
Reliable Autotech Pvt Ltd               ST: Interchangeable^  ICRA A3      -       Upgraded
                                                                                   from ICRA A4+
^Interchangeable with cash credit facility of Rs. 35.00 crore
Shaarc Projects Ltd                     BG                    ICRA A4+     80      Assigned
Triveni Engicons Pvt Ltd                Non-Fund based – BG   ICRA A2+     2110    Reaffirmed


MEDIUM TERM RATINGS:
-------------------
Housing Development Finance             Fixed deposit         MAA          -       Outstanding
Corporation Ltd                         programme


LONG TERM RATINGS:
-------------------
Adani Ports And Special                 FB Fac                ICRA AA+     100200  Outstanding
Economic Zone Ltd
Adani Ports And Special                 NCD                   ICRA AA+     70000   Outstanding
Economic Zone Ltd
Ashiana Landcraft Realty Pvt            Nonconvertible        ICRA B-      -       outstanding
Ltd                                     Debentures
Ashiana Landcraft Realty Pvt            Nonconvertible        ICRA B-      -       outstanding
Ltd                                     Debentures
Bhavin Agri-Infra Pvt Ltd               FB / CC               ICRA B+      10      Reaffirmed
Bhavin Agri-Infra Pvt Ltd               FB / TL               ICRA B+      10      Reaffirmed
Canpac Trends Pvt. Ltd.                 FB TL                 ICRA BBB-    912.8   Reaffirmed
Canpac Trends Pvt. Ltd.                 FB Working Capital TL ICRA BBB-    67.7    Reaffirmed
Canpac Trends Pvt. Ltd.                 FB CC^                ICRA BBB-    360     Reaffirmed
^ includes sublimit WCDL of Rs. 24.00 crore 
Canpac Trends Pvt. Ltd.                 FB Invoice Bill       ICRA BBB-    110     Reaffirmed
                                        Discounting
Dhanlaxmi Iron Industries Pvt.          Fund Based-CC         ICRA BBB     230     Assigned
Ltd.
Dhanlaxmi Iron Industries Pvt.          LT-Unallocated        ICRA BBB     140     Assigned
Ltd.
H N Construction Pvt Ltd                Bk Fac                ICRA BB+     100     -
(ISSUER NOT COOPERATING)
Housing Development Finance             NCDs programme        ICRA AAA     1721150 Outstanding
Corporation Ltd
Housing Development Finance             Subordinated debt     ICRA AAA     55000   Outstanding
Corporation Ltd                         programme
Housing Development Finance             Issuer rating         ICRA AAA     -       Outstanding
Corporation Ltd
Housing Development Finance             Bk lines              ICRA AAA/A1+ 750000  Assigned /
Corporation Ltd                                                                    Outstanding
Jeevaka Industries Pvt. Ltd.            Fund Based - CC       ICRA BBB     400     Assigned
Jeevaka Industries Pvt. Ltd.            LT – Unallocated      ICRA BBB     190     Assigned
Jiwarajka Textile Industries            LT FB - CC            ICRA BBB+    350     Reaffirmed
Jiwarajka Textile Industries            LT FB - TL            ICRA BBB+    354.5   Reaffirmed
Jiwarajka Textile Industries            LT/ST Unallocated     ICRA BBB+/A2 15.5    Reaffirmed
                                        Limits
Krishna Antioxidants Pvt Ltd            LT FB CC              ICRA BBB     200     Reaffirmed
Krishna Antioxidants Pvt Ltd            LT TL                 ICRA BBB     488.4   Reaffirmed
Lords Chloro Alkali Ltd                 Issuer Rating         ICRA BBB     -       Assigned
Lords Chloro Alkali Ltd                 CC                    ICRA BBB     200     Assigned
Lords Chloro Alkali Ltd                 TL I                  ICRA BBB     142.1   Assigned
Lords Chloro Alkali Ltd                 TL II                 ICRA BBB     48.8    Assigned
Lords Chloro Alkali Ltd                 Unallocated           ICRA BBB     9.1     Assigned
Oxyzo Financial Services Pvt            Non- Convertible      ICRA BBB     400     Outstanding
Ltd                                     Debenture
Oxyzo Financial Services Pvt            LT Bk Lines           ICRA BBB     500     Outstanding
Ltd
Oxyzo Financial Services Pvt            Issuer rating         ICRA BBB     -       Outstanding
Ltd
Oxyzo Financial Services Pvt            LT-Market Linked      PP-MLDICRA   170     Assigned
Ltd                                     Debenture             BBB
R. K. Chavan Infrastructure             Non-FBL               ICRA BB-     86.8    Assigned
Pvt. Ltd
R. K. Chavan Infrastructure             FB limits             ICRA BB-     145     Assigned /
Pvt. Ltd                                                                           Outstanding
Radha Madhav Exim Ltd                   Fund based- CC        ICRA BBB-    -       Withdrawn
Rajdarbar Realty Creations Pvt          NCDs - NCD            ICRA BB+     380     Assigned
Ltd
Ratnaakar Shelters Llp                  LT – FB TL            ICRA B+      493     Assigned
Ratnaakar Shelters Llp                  LT – Unallocated      ICRA B+      7       Assigned
Reliable Autotech Pvt Ltd               LT: Fund based – CC   ICRA BBB-    350     Upgraded
                                                                                   from ICRA BB+
Reliable Autotech Pvt Ltd               LT: Fund based – TL   ICRA BBB-    592.2   Upgraded
                                                                                   from ICRA BB+
Sapphire Lifesciences Pvt Ltd           FB CC                 ICRA D       125     Reaffirmed
Sapphire Lifesciences Pvt Ltd           FB TL                 ICRA D       122.1   Reaffirmed
Sapphire Lifesciences Pvt Ltd           Unallocated Limits    ICRA D       37.5    Reaffirmed
Shaarc Projects Ltd                     CC^                   ICRA BB+     35      Assigned
^Includes Rs. 1.00 crore as sublimit in the form of inland letter of credit
Shaarc Projects Ltd                     TL                    ICRA BB+     25      Assigned
Svasti Microfinance Pvt Ltd             PTC Series A1         ICRA A       -       Upgraded
                                                                                   from ICRA A-
Svasti Microfinance Pvt Ltd             PTC Series A2         ICRA BBB+    -       Upgraded
                                                                                   from ICRA BBB
Svg Fashions Ltd                        CC                    ICRA A       211.2   Reaffirmed
Svg Fashions Ltd                        TL                    ICRA A       244.1   Reaffirmed
Svg Fashions Ltd                        BG                    ICRA A/A1    30      Reaffirmed
Svg Fashions Ltd                        Forward Contract      ICRA A/A1    12.5    Reaffirmed
Svg Fashions Ltd                        Unallocated Limits    ICRA A/A1    250.2   Reaffirmed
Triveni Engicons Pvt Ltd                Fund Based – CC       ICRA A-      -       Reaffirmed
Triveni Engicons Pvt Ltd                Fund Based – Working  ICRA A-      -       Reaffirmed
                                        Capital Limits^
^Sub-limit of Bank Guarantee

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