November 22, 2018 / 11:35 AM / 8 months ago

ICRA ratings for Indian debt instruments-Nov 22

    Nov 22 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of November 21, 2018.


COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Century Plyboards (India) Ltd           CP                    ICRA A1+     1000
Reason for delay in carrying out periodic review: - Review process is underway
Eros Resorts And Hotels Pvt Ltd         BG                    ICRA A4      60
Reason for delay in carrying out periodic review - (Issuer Not Cooperating)
Gayatrishakti Paper And Boards          FB – PC/FBP           ICRA A2      30
Ltd
Gayatrishakti Paper And Boards          Non-fund based –      ICRA A2      600
Ltd                                     LOC/BG
Gokul Agro Resources Ltd                Non-fund Based - LC/BGICRA A3      9302    Downgraded
                                                                                   from ICRA A3+
Haldiram Manufacturing Company          Non-FBL               ICRA A1+     100     Reaffirmed
Pvt Ltd                                
Humana People To People India           MFI Grading           M3+          -       Assigned
Indoco Remedies Ltd                     ST, FB Limits         ICRA A1      200     Revised from
                                                                                   ICRA A1+
Indoco Remedies Ltd                     ST, Non-FBL           ICRA A1      202.5   Revised from
                                                                                   ICRA A1+
Indoco Remedies Ltd                     CP Programme          ICRA A1      250     Revised from
                                                                                   ICRA A1+
Kinetic Taigene Electrical Co.          ST – Fund Based       ICRA A2      180     Assigned
Pvt. Ltd                                (Invoice Discounting)
Madhabganj Karunamoyee Himghar          Fund Based – Seasonal ICRA A4      42.3
Pvt Ltd                                 CC
Rating continues to remain under ‘(Issuer Not Cooperating)’ category
Madhabganj Karunamoyee Himghar          Non-fund based – BG   ICRA A4      1.6
Pvt Ltd
Rating continues to remain under ‘(Issuer Not Cooperating)’ category
R J Buildcon Pvt Ltd                    ST, Non-fund based –  ICRA D       60      Downgraded
                                        BG                                         from ICRA A4
(Issuer Not Cooperating)
R.S. Infraprojects Pvt. Ltd.            Non-fund Based        ICRA A2+     450     Assigned

LONG TERM RATINGS:
-------------------
Al - Ayaan Foods Pvt Ltd                LT Fund based/CC      ICRA D       100     Downgraded
                                                                                   from ICRA B
(Issuer Not Cooperating)
Al - Ayaan Foods Pvt Ltd                Unallocated           ICRA D       200     Downgraded
                                                                                   from ICRA B
(Issuer Not Cooperating)
Aye Finance (P) Ltd. -Vivriti           PTC Series A1         Prov ICRA    249.9    Assigned
Lonwabo 09 2018                                               A-(SO)
Bochem Healthcare Pvt. Ltd.             FB                    ICRA D       167.2
(Issuer Not Cooperating)
Bochem Healthcare Pvt. Ltd.             Non-fund based        ICRA D       50
(Issuer Not Cooperating)
Century Plyboards (India) Ltd           Bk Fac                ICRA         13068.5
                                                              AA-/ICRA A1+
Reason for delay in carrying out periodic review:- Review process is underway
Eros Resorts And Hotels Pvt Ltd         CC                    ICRA C+      50
Reason for delay in carrying out periodic review - (Issuer Not Cooperating)
Eros Resorts And Hotels Pvt Ltd         TL                    ICRA C+      390
Reason for delay in carrying out periodic review - (Issuer Not Cooperating)
Gayatrishakti Paper And Boards          FB – TL               ICRA BBB+    1838.1
Ltd
Gayatrishakti Paper And Boards          FB – CC               ICRA BBB+    820
Ltd
Gokul Agro Resources Ltd                FB - EPC/CC/Others    ICRA BBB-    2000    Downgraded
                                                                                   from ICRA BBB
Gokul Agro Resources Ltd                FB - TL               ICRA BBB-    1055    Downgraded
                                                                                   from ICRA BBB
Haldiram Manufacturing Company          FB Limits             ICRA A+      150     Reaffirmed
Pvt Ltd
Indoco Remedies Ltd                     Long-TL               ICRA A+      2500    Outstanding
Indoco Remedies Ltd                     LT, FB Limits         ICRA A+      294     Outstanding
Indoco Remedies Ltd                     LT, Non-FBL           ICRA A+      243.7   Outstanding
Indoco Remedies Ltd                     LT/ST,FB limits       ICRA         250     Outstanding/
                                                              A+/ICRA A1           revised from
                                                                                   ICRA A1+
Indoco Remedies Ltd                     LT/ ST, Unallocated   ICRA         600     Outstanding/
                                        Limits                A+/ICRA A1           revised from
                                                                                   ICRA A1+
Jeppiaar Power Corporation Pvt          LT: FB Fac            ICRA D       925     Downgraded
Ltd                                                                                from ICRA BB-
(Issuer Not Cooperating)
Khosla International                    CC                    ICRA D       290
Rating moved to ‘(Issuer Not Cooperating)’ category
Madhabganj Karunamoyee Himghar          Fund Based – Working  ICRA B       8.3
Pvt Ltd                                 Capital Loan
Rating continues to remain under ‘(Issuer Not Cooperating)’ category
Madhabganj Karunamoyee Himghar          Unallocated Limits    ICRA B /     0.3
Pvt Ltd                                                       ICRA A4
Rating continues to remain under ‘(Issuer Not Cooperating)’ category
New Bharat Rice Mills                   CC                    ICRA D       340
Rating moved to ‘(Issuer Not Cooperating)’ category
R J Buildcon Pvt Ltd                    LT, Fund basedTL      ICRA D       40      Downgraded
                                                                                   from ICRA B
(Issuer Not Cooperating)
R J Buildcon Pvt Ltd                    LT, Fund basedCC      ICRA D       40      Downgraded
                                                                                   from ICRA B
(Issuer Not Cooperating)
R.S. Infraprojects Pvt. Ltd.            FB                    ICRA A-      762.5   Assigned
R.S. Infraprojects Pvt. Ltd.            Non-fund Based        ICRA A-      2200    Assigned
R.S. Infraprojects Pvt. Ltd.            Unallocated           ICRA A-      37.5    Assigned
S.K. Solvex Pvt Ltd                     BLR                   ICRA B       85
(Issuer Not Cooperating)
Shanti Residences Pvt. Ltd.             Fund based – Proposed ICRA BB-     1500    Withdrawn
                                        Limits
(Issuer Not Cooperating)
Thirumeni Finance Pvt Ltd               PTC Series A1         ICRA         -       Upgraded
-Leto Sbl Ifmr Capital 2017                                   AA-(SO)              from ICRA
                                                                                   A(SO)
Thirumeni Finance Pvt Ltd               PTC Series A2         ICRA         -       Upgraded
-Leto Sbl Ifmr Capital 2017                                   BBB+(SO)             from ICRA
                                                                                   BBB-(SO)
Uco Bank                                Upper Tier II Bonds – ICRA A- &    5000
                                        Basel II
placed on rating watch with developing implications
Uco Bank                                Lower Tier II Bonds – ICRA A+      8000    outstanding
                                        Basel II
Uco Bank                                Upper Tier II Bonds – ICRA A- &    5000
                                        Basel II
& placed on rating watch with developing implications
Uco Bank                                Lower Tier II Bonds – ICRA A+      8000    outstanding
                                        Basel II
--------------------------------------------------------------------------------------------
$: 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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