May 17, 2018 / 10:56 AM / 10 days ago

RPT-ICRA ratings for Indian debt instruments-May 17

 (Repeating to add more ratings)
    May 17 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of May 16, 2018.


COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Apl Apollo Tubes Ltd                    CP                    ICRA A1+     5000    Outstanding
Apl Apollo Tubes Ltd                    Non-FB – Working      ICRA A1+     1300    Outstanding
                                        Capital Fac
Dmk Particleboard Llp                   BG                    ICRA A4      6.5     Assigned
Fortis Healthcare Holdings Pvt          NCDs                  ICRA A4      1500    -
Ltd
(ISSUER NOT COOPERATING)
Hardoli Paper Mills Ltd                 Non-FB –LOC           ICRA A4      10      Reaffirmed
Kumar Motor Corporation Pvt Ltd         Non-fund Based        ICRA A4      3       -
(Reason for delay in carrying out periodic review:-Review process is underway)
Mehta Petro Refineries Ltd              Non-FBL               ICRA A3      230     Reaffirmed
Paramount Ltd                           Non Fund Based-BG     ICRA A3+     1400    Withdrawn
Paramount Ltd                           Non Fund Based-LOC    ICRA A3+     700     Withdrawn
Shreya Broadcasting Pvt Ltd             Non Fund Based        ICRA A4+     20      Reaffirmed
Shriram Transport Finance Co.           PTC Series A3         ICRA A1+     -       Withdrawn
Ltd
Sri Someshwara Fertilizers &            ST Non Fund Based     ICRA A4      100.7   -
Chemicals
(Reason for delay in carrying out periodic review:Issuer delayed in giving information)
Subadra Textiles Pvt Ltd                ST Fund Based         ICRA A4      35      -
(Reason for delay in carrying out periodic review:-Issuer not cooperating)
Sort India Enviro Solutions Ltd         Nonconvertible        ICRA D       -       -
                                        Debentures
(ISSUER NOT COOPERATING)
Strides Shasun Ltd                      ST FB Fac             ICRA A &     8900
& indicates on watch with developing implication
Strides Shasun Ltd                      ST non-FB Fac         ICRA A &     5200
& indicates on watch with developing implication
Strides Shasun Ltd                      Unallocated Fac       ICRA A &     6244.1
& indicates on watch with developing implication
Strides Shasun Ltd                      TL                    ICRA A+ &    10946
& indicates on watch with developing implication
    
LONG TERM RATINGS:
-------------------
Allahabad Bypass Pathways Pvt           LT FB Limits          ICRA D       785     Withdrawn
Ltd
Allahabad Bypass Pathways Pvt           LT Non-FBL            ICRA D       486     Withdrawn
Ltd
Apl Apollo Tubes Ltd                    NCD Programme         ICRA AA-     1950    Assigned
                                        (Proposed)
Apl Apollo Tubes Ltd                    NCD Programme         ICRA AA-     1250    Outstanding
Apl Apollo Tubes Ltd                    Fund Based TL         ICRA AA-     1210    Outstanding
Apl Apollo Tubes Ltd                    Fund Based Working    ICRA         5100    Outstanding
                                        Capital Fac           AA-/A1+
Coastal Farms                           FB Fac (CC)           ICRA BB+     230     Assigned
Coastal Farms                           FB –TL                ICRA BB+     212     Assigned
Coastal Farms                           Unallocated limits    ICRA BB+     58      Assigned
Decor Paper Mills Ltd                   BLR                   ICRA B+/A4   131.3   -
(Reason for delay in carrying out periodic review:-Issuer not cooperating)
Dmk Particleboard Llp                   CC                    ICRA B+      20      Assigned
Dmk Particleboard Llp                   TL                    ICRA B+      71      Assigned
Fortis Healthcare Holdings Pvt          NCDs                  ICRA B+      125     -
Ltd
(ISSUER NOT COOPERATING)
Hardoli Paper Mills Ltd                 FB –TL                ICRA BB-     90      Upgraded
                                                                                   from ICRA B+
Hardoli Paper Mills Ltd                 FB –CC                ICRA BB-     60      Upgraded
                                                                                   from ICRA B+
Haridarshan Developers                  Fund Based TL         ICRA BB-     300     Withdrawn
Infibeam Incorporationltd               TL (Proposed)         ICRA A+      1000    Assigned
Kumar Motor Corporation Pvt Ltd         Fund Based            ICRA B       55      -
(Reason for delay in carrying out periodic review:-Review process is underway)
Kumar Motor Corporation Pvt Ltd         Unallocated           ICRA B /     107     -
                                                              A4
(Reason for delay in carrying out periodic review:-Review process is underway)
Mehta Petro Refineries Ltd              FBL                   ICRA         341     Reaffirmed
                                                              BBB-/A3
Mehta Petro Refineries Ltd              Fund based sub-limits ICRA         -       Reaffirmed
                                                              BBB-/A3
Mehta Petro Refineries Ltd              Non-fund based        ICRA         -       Reaffirmed
                                        sub-limits            BBB-/A3
Mehta Petro Refineries Ltd              Unallocated limits    ICRA         229     Reaffirmed
                                                              BBB-/A3
Northern Arc Capital Ltd                PTC Series A1         ICRA A-(SO)  -       Withdrawn
Northern Arc Capital Ltd                PTC Series A1         ICRA A+      -       Withdrawn
Paramount Ltd                           Fund based-CC         ICRA BBB     400     Withdrawn
Pm Infrastructure Pvt Ltd               LT TL                 ICRA BB-     560     Reaffirmed
Pm Infrastructure Pvt Ltd               Unallocated limits    ICRA BB-     30      Reaffirmed
Rapp Transmission Co. Ltd               TL                    ICRA A       2570    Withdrawn
Roop Technology Pvtltd                  BLR                   ICRA B/A4    143.7   -
(Reason for delay in carrying out periodic review:-Review process is underway)
Shreedhar Milk Foods Ltd                NCDs                  ICRA D       200     -
(Continues to remain in the Issuer Not Cooperating  category)
Shreya Broadcasting Pvt Ltd             Fund Based/CC         ICRA BB+     50      Reaffirmed
Shreya Broadcasting Pvt Ltd             TL                    ICRA BB+     35.5    Reaffirmed
Shreya Broadcasting Pvt Ltd             Unallocated Limits    ICRA BB+ /   54      Reaffirmed
                                                              A4+
Shriram Transport Finance Co.           PTC Series A          Provisional  8003.9  Confirmed as
Ltd                                                           ICRA AAA             Final
Shriram Transport Finance Co.           Second Loss Facility  Provisional  360.2   Confirmed as
Ltd                                                           ICRA BBB+            Final
Spandana Sphoorty Financial             PTC Series A1         Provisional  1475.4  Confirmed as
Ltd - Chetana 03 2018                                         ICRA A+              Final
Spandana Sphoorty Financial             PTC Series A1         Provisional  981.5   Confirmed as
Ltd - Kartikeya 03 2018                                       ICRA A               Final
Spandana Sphoorty Financial             PTC Series A1         ICRA A-      270     Withdrawn
Ltd - Vivriti Celeritas 007
2017
Sri Manjunatha Spinning Mills           BLR                   ICRA B       281.6   -
Ltd
(Reason for delay in carrying out periodic review-Issuer not cooperating)
Sri Someshwara Fertilizers &            CC                    ICRA B+      120     -
Chemicals
(Reason for delay in carrying out periodic review:Issuer delayed in giving information)
Subadra Textiles Pvt Ltd                LT Fund Based         ICRA B       40      -
(Reason for delay in carrying out periodic review:-Issuer not cooperating)
Subadra Textiles Pvt Ltd                LT/ST Unallocated     ICRA B / A4  15      -
(Reason for delay in carrying out periodic review:-Issuer not cooperating)
Tvs Credit Services Ltd-Silver          Second Loss Facility  Provisional  20.5    Confirmed as
Trust March 2018                                              ICRA A-              Final
Tvs Credit Services Ltd-Silver          PTC Series A          Provisional  747.2   Confirmed as
Trust March 2018                                              ICRA AAA             Final
--------------------------------------------------------------------------------------------
$: 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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