October 6, 2017 / 10:37 AM / in 12 days

ICRA ratings for Indian debt instruments-Oct 6

    Oct 6 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of October 5, 2017.


COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Arvind Lifestyle Brands Ltd             CP Programme          ICRA A1+(SO) 2500    Assigned
Arvind Ltd                              CP Programme          ICRA A1+     7000    Assigned
Avlon Ceramic Pvt Ltd                   Non-FBL               ICRA A4+     10      Reaffirmed
Barclays Bank Plc                       PTCs                  ICRA A1(SO)  -       Upgraded
                                                                                   from ICRA
                                                                                   A1(SO)
Cravatex Ltd                            Non-FBL               ICRA A4+#    520     Withdrawn
                                        (LC/LER/BC/Factoring)
Goa Ispat Ltd                           Non-fund based – LOC  ICRA A4      150     Reaffirmed
Goa Ispat Ltd                           Non-fund based – BG   ICRA A4      50      Reaffirmed
Medreich Ltd                            FB Fac                ICRA A1+     2500    Reaffirmed
Radiant Plastruders (I) Pvt Ltd         FB Limit Bill         ICRA A4      10      Reaffirmed
                                        Discounting
Rbl Bank Ltd                            CD Programme          ICRA A1+     40000   Assigned
Rbl Bank Ltd                            ST Fixed Deposit      ICRA A1+     -       Reaffirmed
                                        Programme
Shanti Gopal Concast Ltd                ST non-fund based     ICRA A4      20      Issuer not
                                                                                   cooperating
Shivani Trendz Pvt Ltd                  Fund based and NFBL   ICRA A4      125     Issuer not
                                                                                   cooperating
Symcom Exim Pvt Ltd                     Non-FBL               ICRA A4      550     Reaffirmed
The Tata Power Co. Ltd                  ST Debt / CP ProgrammeICRA A1+     5000    Assigned
(enhanced from Rs. 3,000 crore to Rs. 3,500 crore)
Tirumala Cotton & Agro                  ST FBL                ICRA A4+     120     Reaffirmed
Products Pvt. Ltd
   
MEDIUM TERM RATINGS:
-------------------
Rbl Bank Ltd                            Medium Term Fixed     MAA          -       Upgraded
                                        Deposit Programme                          from MAA-
LONG TERM RATINGS:
-------------------
Abhishek Automotives Pvt Ltd            CC (CC)               ICRA B       40      Issuer not
                                                                                   cooperating
Abhishek Automotives Pvt Ltd            Ad-hoc e-DFS          ICRA B       9.5     Issuer not
                                                                                   cooperating
Abhishek Automotives Pvt Ltd            Asset Backed Loan     ICRA B       35      Issuer not
                                        (ABL)                                      cooperating
Abhishek Automotives Pvt Ltd            Unallocated limits    ICRA B       15.5    Issuer not
                                                                                   cooperating
Accord Motors                           CC (CC)/CC-eDFS       ICRA BB-     80      Issuer not
                                                                                   cooperating
Accord Motors                           Asset Backed Loan     ICRA BB-     10      Issuer not
                                                                                   cooperating
Accord Motors                           Unallocated Limits    ICRA BB-     10      Issuer not
                                                                                   cooperating
Ashoka Developers                       Fund based – TL       ICRA BB-     100     Issuer not
                                                                                   cooperating
Aswani Industries Pvt Ltd               Unallocated Limit     -            -       -
Aswani Industries Pvt Ltd               FB TL                 ICRA BB      26.5    Reaffirmed
Aswani Industries Pvt Ltd               FB CC                 ICRA BB      138     Reaffirmed
Avlon Ceramic Pvt Ltd                   FB Limits             ICRA BB      93.8    Reaffirmed
Barque Hotels Pvt Ltd                   LT – TL               ICRA BBB#    2550
Bharti Infratel Ltd                     Issuer Rating         ICRA AA+     -       Reaffirmed
Chhatrapati Sambhaji Raje               Fund Based CC Limits  ICRA B+      500     Issuer not
Sakhar Udyog Ltd                                                                   cooperating
Cravatex Ltd                            TL                    ICRA BB+#    54.8    Withdrawn
Cravatex Ltd                            FB Limits (CC)        ICRA BB+#    500     Withdrawn
Cravatex Ltd                            Non-FBL (SBLC)        ICRA BB+#    45      Withdrawn
D. Nitin & Co Pvt Ltd                   LT FBL                ICRA BBB     1495    Reaffirmed
Dempo Shipbuilding And                  LT FB limits          ICRA B       80      Reaffirmed
Engineering Pvt Ltd
Dempo Shipbuilding And                  LT non-FBL            ICRA B       500     Reaffirmed
Engineering Pvt Ltd
(revised from Rs. 75.00 crore)
Dev Bhoomi Frozen Food Products         FB Limits             ICRA B       85      Issuer not
                                                                                   cooperating
Goa Ispat Ltd                           FB – CC               ICRA BB      100     Reaffirmed
Goa Ispat Ltd                           FB – Term Debt        ICRA BB      16.2    Reaffirmed
Gujarat International Finance           TL                    ICRA BBB+    11570   Reaffirmed
Tec-City Co. Ltd
Gulf Orient Shipping                    FB – CC               ICRA B-      50      Revised from
                                                                                   ICRA B+
Gulf Orient Shipping                    Unallocated           ICRA B-      50      Revised from
                                                              /ICRA A4             ICRA B+ /
                                                                                   ICRA A4
India Infoline Finance Ltd              PTC Series A          ICRA AAA(SO) -       Reaffirmed
India Infoline Housing Finance          PTC Series A          ICRA AAA(SO) -       Reaffirmed
Ltd
India Infoline Housing Finance          PTC Series A          ICRA AAA(SO) -       Reaffirmed
Ltd
India Infoline Housing Finance          PTC Series A          ICRA AAA(SO) -       Reaffirmed
Ltd
India Infoline Housing Finance          PTC Series A          ICRA AAA(SO) -       Reaffirmed
Ltd
India Infoline Housing Finance          PTC Series A          ICRA AAA(SO) -       Reaffirmed
Ltd
India Infoline Housing Finance          PTC Series A          ICRA AAA(SO) -       Reaffirmed
Ltd
India Infoline Housing Finance          PTC Series A          ICRA AAA(SO) -       Reaffirmed
Ltd
India Infoline Housing Finance          PTC Series A          ICRA AAA(SO) -       Reaffirmed
Ltd
Kallam Spinning Mills Ltd               Bk Fac                ICRA BB+     2500    Issuer not
                                                                                   cooperating
Kishan Cotton Ginning &                 CC                    ICRA B+      120     Revised to
Pressing Factory                                                                   ICRA B
Kishan Cotton Ginning &                 TL                    ICRA B+      11      Revised to
Pressing Factory                                                                   ICRA B
Ksc Educational Society                 Fund based – LT       ICRA B+      1500    Reaffirmed
Ksc Educational Society                 Non Fund based – LT   ICRA B+      23.2    Reaffirmed
Kshitija Infrastructure Pvt Ltd         FB – TL               ICRA B       250     Issuer not
                                                                                   cooperating
Mda Mineral Dhatu (Ap) Pvt Ltd          LT – CC               ICRA C+      50      Issuer not
                                                                                   cooperating
Mda Mineral Dhatu (Ap) Pvt Ltd          LT – TL               ICRA C+      60      Issuer not
                                                                                   cooperating
Mda Mineral Dhatu (Ap) Pvt Ltd          LT-Non fund based     ICRA C+      25      Issuer not
                                                                                   cooperating
Micro Logistics (India) Pvt Ltd         FB – CC               ICRA B+      70      Reaffirmed
Micro Logistics (India) Pvt Ltd         FB – Working Capital  ICRA B+      10      Reaffirmed
                                        Demand Loan
Micro Logistics (India) Pvt Ltd         Unallocated           ICRA B+ /    20      Reaffirmed
                                                              ICRA A4
R.H. Sortex Rice Mills Pvt Ltd          FB Limits             ICRA D       56.2    Issuer not
                                                                                   cooperating
Radiant Plastruders (I) Pvt Ltd         FB Limit CC           ICRA B+      40      Upgraded
                                                                                   from ICRA B
Radiant Plastruders (I) Pvt Ltd         Unallocated Limit     ICRA B+      14.4    Upgraded
                                                                                   from ICRA B
Raitani Engineering Works Pvt           Bk Fac                ICRA B+      370     Issuer not
Ltd                                                                                cooperating
Ravindra Rice & General Mills           FB Limits             ICRA B+      165     Issuer not
                                                                                   cooperating
Rbl Bank Ltd                            Basel III Compliant   ICRA AA-     8000    Upgraded
                                        Tier II Bond Programme(hyb)                from ICRA A+
                                                                                   (hyb)
Rkd Infrastructure Pvt Ltd              Bk Fac                ICRA BB /    99      Issuer not
                                                              ICRA A4              cooperating
S&J Granulate Solutions Pvt Ltd         NCDs                  ICRA BB-     50      Reaffirmed
S. J. Logistics (India) Ltd             FB – CC               ICRA B+      170     Reaffirmed
S. J. Logistics (India) Ltd             FB – Foreign Currency ICRA B+      50      Reaffirmed
                                        TL
Shanti Gopal Concast Ltd                LT FB                 ICRA B       400     Issuer not
                                                                                   cooperating
Silver Springs Pleasure                 FB – Overdraft        ICRA BB+     60      Assigned
Resorts Pvt Ltd
Silver Springs Pleasure                 Fund Based –          ICRA BB+     220     Assigned
Resorts Pvt Ltd                         Corporate Mortgage
Skd Realty Llp                          LT, FBL               ICRA B+      250     Issuer not
                                                                                   cooperating
Steel & Metals                          Bk Fac                ICRA BB- /   110     Issuer not
                                                              ICRA A4              cooperating
Sudamo Impex Pvt. Ltd.                  LT Fund Based – TL    ICRA BB      81.4    Reaffirmed
Sudamo Impex Pvt. Ltd.                  LT Fund Based – CC    ICRA BB      30      Reaffirmed
Sudamo Impex Pvt. Ltd.                  LT Unallocated Limit  ICRA BB      1.1     Reaffirmed
The Tata Power Co. Ltd                  NCD                   ICRA AA-     60630   Reaffirmed
(reduced from Rs. 6,600 crore)
Three C Greens Developers Pvt           NCD                   ICRA B(SO)   2250    Issuer not
Ltd                                                                                cooperating
Tirumala Cotton & Agro                  LT FB Limits          ICRA BB      1057.9  Reaffirmed
Products Pvt. Ltd
Tirumala Cotton & Agro                  Long/ST Unallocated   ICRA BB /    76.3    Reaffirmed
Products Pvt. Ltd                       Limits                ICRA A4+
Tril It4 Pvt Ltd                        NCD (subordinate)     ICRA A       2000    Outstanding
Tril It4 Pvt Ltd                        Fund Based/Non-fund   ICRA A+      150     Assigned
                                        based -BG/LC
Tril It4 Pvt Ltd                        NCD                   ICRA A+      3500    Withdrawn
Tril It4 Pvt Ltd                        NCD                   ICRA A+(SO)  4000    Outstanding
--------------------------------------------------------------------------------------------
$: 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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