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ICRA ratings for Indian debt instruments-Oct 3
October 3, 2017 / 10:33 AM / 2 months ago

ICRA ratings for Indian debt instruments-Oct 3

    Oct 3 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of September 29, 2017.


COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Aadhar Housing Finance Ltd              CP programme          ICRA A1+     6000    Assigned
Bharti Ingot Pvt Ltd                    ST                    ICRA A4+     80      Issuer Not
                                                                                   Cooperating
Essel Marketing And Promotions          Non FB – LOC/Buyers   ICRA A4      20      Issuer Not
Pvt Ltd                                 Credit/ BG                                 Cooperating
Hindustan Media Ventures Ltd            CP Programme          ICRA A1+     4000    Reaffirmed
Ht Media Ltd’S                          CP Programme          ICRA A1+     10000   Assigned
Iic Technologies Ltd                    FB – Standby Line of  ICRA A2      50      Reaffirmed
                                        Credit (SLC)
Iic Technologies Ltd                    Non FB – BG           ICRA A2      390     Reaffirmed
(revised from Rs. 27.00 crore)
Kribhco Infrastructure Ltd              Non-fund based, Stand ICRA A1+(S)  450     Outstanding
                                        by LOC
Kribhco Infrastructure Ltd              CP                    ICRA A1+(SO) 250     Reaffirmed
Kribhco Infrastructure Ltd              CP                    ICRA A1+(SO) 200     Outstanding
Kribhco Infrastructure Ltd              Fund based ST Fac     ICRA A1+(SO) 450     Outstanding
Kribhco Infrastructure Ltd              Non-fund based ST Fac ICRA A1+(SO) 100     Outstanding
Parakh Agro Industries Ltd              ST – Non Fund Based   ICRA A2+     320     Reaffirmed
                                        –LC/ BC/ BG
Parakh Foods And Oils Ltd               ST – Non Fund Based   ICRA A2+     920     Reaffirmed
                                        –LC/ BC/ BG
Pon Pure Chemical Pvt. Ltd.             ST, Non-FB Fac        ICRA A3+     3210    Reaffirmed
(Revised from 336.5crs)
Pon Pure Chemical Pvt. Ltd.             Proposed Fac          ICRA A3+     779.8   Reaffirmed
(Revised from 72.5crs)
Pure Chemicals Company                  ST, Non-FB Fac        ICRA A3      295     Reaffirmed
Rathi Iron And Steel                    ST                    ICRA A3+     10      -
Industries Ltd                                                (SO)
Rayban Foods Pvt Ltd                    ST non fund based     ICRA A4      75      Issuer Not
                                                                                   Cooperating
River Engineering Pvt Ltd               ST Non-fund Based     ICRA A4+     75      Upgraded
                                                                                   from ICRA A4
Tanmay Polyfims Pvt Ltd                 Non fund based – LOC  ICRA A4      40      Issuer Not
                                                                                   Cooperating
Tasty Bite Eatables Ltd                 ST Non FB Limits      ICRA A1      40      Reaffirmed
Whitefield Spintex (India) Pvt          BG                    ICRA A4      13.5    Assigned
Ltd
MEDIUM TERM RATINGS:
-------------------
Iic Technologies Ltd                    Fixed Deposits        M A          60      Withdrawn
LONG TERM RATINGS:
-------------------
Bharti Ingot Pvt Ltd                    LT                    ICRA BB+     10      Issuer Not
                                                                                   Cooperating
Bharti Ingot Pvt Ltd                    Unallocated           ICRA BB+     20      Issuer Not
                                                                                   Cooperating
Color Chemicals                         LT, FB Fac            ICRA BBB-    110     Reaffirmed
Darshita Aashiyana Pvt Ltd              FB Fac                ICRA A(SO)   800     Assigned
(enhanced from 35.00crs)
Darshita Aashiyana Pvt Ltd              Unallocated           Provisional  200     Assigned
                                                              ICRA A(SO)
Energon Power Resources Pvt Ltd         TL                    ICRA A-      7700    Assigned
(revised from 727.78crs)
Energon Power Resources Pvt Ltd         Unallocated           ICRA A-      7.8     Assigned
Energon Power Resources Pvt Ltd         FB Limit              ICRA A-      300     Assigned
Essel Marketing And Promotions          FB – CC               ICRA B       102     Issuer Not
Pvt Ltd                                                                            Cooperating
Hindustan Media Ventures Ltd            LT Borrowing ProgrammeICRA AA+     250     Reaffirmed
Iic Technologies Ltd                    FB – TL               ICRA BBB+    113.1   Reaffirmed
(revised from Rs. 15.81 crore)
Iic Technologies Ltd                    FB – CC               ICRA BBB+    270     Reaffirmed
(revised from Rs. 22.00 crore)
Iic Technologies Ltd                    Unallocated           ICRA BBB+    13.3    Reaffirmed
                                                              /ICRA A2
(revised from Rs. 0.83 crore)
                                        Programme
India Infoline Finance                  PTC Series A          Provisional  1193.8  Assigned
Ltd-Solitaire                                                 ICRA AAA(SO)
Cv - 1
Trust Sept 2017
Jadcherla Expressways Pvt Ltd           LT FB Limits          ICRA AA-     2386.8  Reaffirmed
(reduced from 250.74 earlier)
Jyoti General Industries                CC                    ICRA B+      72      Issuer Not
                                                                                   Cooperating
K Rasiklal Exim Pvt. Ltd.               Bk Loans              ICRA BB+ /   180     Issuer Not
                                                              ICRA A4+             Cooperating
Khedut Cotex Pvt. Ltd.                  BLR                   ICRA B       87.7    Issuer Not
                                                                                   Cooperating
Kribhco Infrastructure Ltd              TL                    ICRA AA(SO)  1755    Outstanding
Kribhco Infrastructure Ltd              NCDs                  ICRA AA(SO)  1250    Outstanding
Lb Cotton Industries Llp                FBL- CC               ICRA D       50      Issuer Not
                                                                                   Cooperating
Lb Cotton Industries Llp                FBL- TL               ICRA D       50      Issuer Not
                                                                                   Cooperating
My Auto World (Kanpur) Ltd              CC                    ICRA B       80      Issuer Not
                                                                                   Cooperating
My Auto World (Kanpur) Ltd              Term-Loan             ICRA B       12.5    Issuer Not
                                                                                   Cooperating
My Car Pvt Ltd                          CC                    ICRA BB-     265     Issuer Not
                                                                                   Cooperating
My Car Pvt Ltd                          Term-Loan             ICRA BB-     20      Issuer Not
                                                                                   Cooperating
Nitesh Fashion Pvt Ltd                  BLR                   ICRA B       137.5   Issuer Not
                                                                                   Cooperating
Parakh Agro Industries Ltd              LT – Unallocated      -            -       -
(Reduced from Rs. 0.25 crore)
Parakh Agro Industries Ltd              LT – Fund Based – CC  ICRA A-      1080    Reaffirmed
(Enhanced from Rs. 92.00 crore)
Parakh Agro Industries Ltd              LT – Fund Based – TL  ICRA A-      800     Reaffirmed
(Reduced from Rs. 95.75 crore)
Parakh Foods And Oils Ltd               LT – Unallocated      -            -       -
(Reduced from Rs. 0.50 crore)
Parakh Foods And Oils Ltd               LT – Fund Based – CC  ICRA A-      630     Reaffirmed
Parakh Foods And Oils Ltd               LT – Fund Based – TL  ICRA A-      450     Reaffirmed
Pon Pure Chemical Pvt. Ltd.             Long –term, FB Fac    ICRA BBB     1280    Reaffirmed
                                        (CCs)
(Revised from133.0crs)
Pon Pure Chemical Pvt. Ltd.             LT, FB Fac (TL)       ICRA BBB     36      Reaffirmed
Pon Pure Chemical Pvt. Ltd.             LT, Proposed Fac (TL) ICRA BBB     114.2   Reaffirmed
Pragya Rice Mill                        CC                    ICRA B+      80      Issuer Not
                                                                                   Cooperating
Pure Chemicals Company                  LT, FB Fac (CCs)      ICRA BBB-    125     Reaffirmed
(Revised from 16.0crs)
Pure Chemicals Company                  LT, Unallocated limitsICRA BBB-    35      Reaffirmed
Rathi Iron And Steel                    LT                    ICRA BBB     140     -
Industries Ltd                                                (SO)
Rayban Foods Pvt Ltd                    LT fund based         ICRA B       326.9   Issuer Not
                                                                                   Cooperating
Rayban Foods Pvt Ltd                    UnallocatedLT/ST      ICRA B/ICRA  98.1    Issuer Not
                                                              A4                   Cooperating
Regency Gangani Energy Pvt Ltd          Unallocated (Proposed -            -       -
                                        limits)
(previously rated Rs. 0.16 crore)
Regency Gangani Energy Pvt Ltd          FB Limits             ICRA D       497.1   Revised from
                                                                                   ICRA B
(previously rated Rs. 57.24 crore)
Regency Yamuna Energy Ltd               FB Limits             ICRA D       213.7   Revised from
                                                                                   ICRA B
(previously rated Rs. 24.70 crore)
Regency Yamuna Energy Ltd               Unallocated (Proposed              -       -
                                        limits)
(previously rated Rs. 1.30 crore)
River Engineering Pvt Ltd               LT FB                 ICRA BB+     200     Upgraded
                                                                                   from ICRA BB
Tanmay Polyfims Pvt Ltd                 FB – CC               ICRA B-      30      Issuer Not
                                                                                   Cooperating
Tanmay Polyfims Pvt Ltd                 FB – TL               ICRA B-      35      Issuer Not
                                                                                   Cooperating
Tasty Bite Eatables Ltd                 LT FB Limits          ICRA A-      210     Reaffirmed
Utkarsh Micro Finance Ltd               Bk lines-TL           ICRA A-      3892.9  Withdrawn
Utkarsh Micro Finance Ltd               Bk Lines – TL         ICRA A-      107.1   Outstanding
Utkarsh Micro Finance Ltd               NCD Programme         ICRA A-      1880    Outstanding
Whitefield Spintex (India) Pvt          CC                    ICRA B       30      Assigned
Ltd
Whitefield Spintex (India) Pvt          TL I                  ICRA B       220     Assigned
Ltd
Whitefield Spintex (India) Pvt          TL II                 ICRA B       35      Assigned
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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