September 14, 2018 / 12:01 PM / 3 months ago

ICRA ratings for Indian debt instruments-Sep 14

   Sep 14 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of September 12 & September 13, 2018.


COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Aromatics (India) Pvt Ltd               ST- Non Fund based    ICRA A4      50      Reaffirmed
Credible Engineering                    Non-fund based        ICRA A4+     469.7   revised from
Construction Projects Ltd                                                          ICRA A3
Defiance Knitting Industries            LOC                   ICRA A4+     12      Rating
Pvt Ltd                                                                            revised from
                                                                                   ICRA A3
moved to ‘Issuer non-cooperating’ Category
Dki Apparel Pvt Ltd                     Interchangeable- LOC^ ICRA A4+     -       downgraded
                                                                                   from ICRA A3
^ sublimit of cash credit
Indoco Remedies Ltd                     ST, FB Limits         ICRA A1+     200     Outstanding
Indoco Remedies Ltd                     ST, Non-FBL           ICRA A1+     202.5   Outstanding
Indoco Remedies Ltd                     CP Programme          ICRA A1+     250     Outstanding
Lexo Ceramic                            Non-fund based BG     ICRA A4      20      Withdrawn
Mro-Tek Realty Ltd                      Non-Fund Based-LOC/BG ICRA A4      40      Reaffirmed
Mro-Tek Realty Ltd                      Non-Fund              ICRA A4      60      Reaffirmed
                                        Based-Proposed
Paradeep Phosphates Ltd                 Non -Fund Based ST FacICRA A1      2600    Assigned /
                                                                                   Outstanding
Paradeep Phosphates Ltd                 CP Programme          ICRA A1      250     Assigned /
                                                                                   Outstanding
Scj Plastics Ltd                        Unallocated limits    ICRA A3      5       -
Reason for delay in carrying out periodic review.-(ISSUER NOT COOPERATING)
Superhouse Ltd                          Non-fund              ICRA A2      685     Reaffirmed
                                        based-Working Capital
                                        Fac
Tata Metaliks Ltd                       CP Programme          ICRA A1+     1000    Assigned
Tata Metaliks Ltd                       ST- Non-FBL           ICRA A1+     6480    outstanding
Jeyenkay Petrogels Pvt Ltd              Non-FBL               ICRA D       110     Downgraded
                                                                                   from ICRA A4
Transport Corporation Of India          CP                    ICRA A1+     2000    Reaffirmed
Ltd
Utkarsh Small Finance Bank Ltd          CD Programme          ICRA A1      10000   Reaffirmed
Uttara Impex Pvt Ltd                    ST - NonFund Based    ICRA A3(SO)  80      -
(ISSUER NOT COOPERATING)
Vikas Spool Pvt Ltd                     ST Non-fund Based     ICRA A4+     21.2    Reaffirmed
Uttara Foods And Feeds Pvt Ltd          ST - NonFund Based    ICRA D       1200    -
(ISSUER NOT COOPERATING)
Rana Sugars Ltd                         ST-Non Fund           ICRA D       318     -
Reason for delay in carrying out periodic review.-(ISSUER NOT COOPERATING)


LONG TERM RATINGS:
-------------------
Akal Information Systems Ltd            FB Fac                ICRA B+      50      -
Reason for delay in carrying out periodic review.-(ISSUER NOT COOPERATING)
Akal Information Systems Ltd            Non-FB Fac            ICRA B+      15      -
Reason for delay in carrying out periodic review.-(ISSUER NOT COOPERATING)
Aromatics (India) Pvt Ltd               LT- Fund based – CC   ICRA BB      200     Upgraded
                                                                                   from ICRA BB-
Credible Engineering                    Fund based            ICRA BB+     95      Revised from
Construction Projects Ltd                                                          ICRA BBB-
Credible Engineering                    Unallocated Limits    ICRA BB+     435.3   Revised from
Construction Projects Ltd                                     /ICRA A4+            ICRA BBB-
                                                                                   /ICRA A3
Defiance Knitting Industries            Unallocated           ICRA BB      133     Rating
Pvt Ltd                                                                            revised from
                                                                                   ICRA BBB-
moved to ‘Issuer non-cooperating’ Category
Defiance Knitting Industries            Fund basedWorking     ICRA BB      55      Ratings
Pvt Ltd                                 capital               /ICRA A4+            revised from
                                                                                   ICRA BBB-/
                                                                                   ICRA A3
moved to ‘Issuer non-cooperating’ Category
Dki Apparel Pvt Ltd                     CC                    ICRA BB+     60      Downgraded
                                                                                   from ICRA
                                                                                   BBB-
Dki Apparel Pvt Ltd                     TL                    ICRA BB+     -       -
Dki Apparel Pvt Ltd                     PC/PCFC/BD            ICRA BB+     -       -
Dki Apparel Pvt Ltd                     Unallocated           ICRA BB+     -       -
Dki Apparel Pvt Ltd                     LOC                   ICRA BB+     -       -
Gujarat International Finance           TL                    ICRA BBB+    11570   Reaffirmed
Tec-City Co. 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, Unallocated  ICRA A+ /    600     Outstanding
                                        Limits                ICRA A1+
Indoco Remedies Ltd                     LT / ST, FB limits    ICRA A+ /    250     Outstanding
                                                              ICRA A1+;
Jeyenkay Petrogels Pvt Ltd              FBL                   ICRA D       34.5    Downgraded
                                                                                   from ICRA C+
Jeyenkay Petrogels Pvt Ltd              Unallocated limit     ICRA D/ICRA  35.5    Downgraded
                                                              D                    from ICRA
                                                                                   C+/ICRA A4
Kerala Infrastructure                   LT Bond(proposed)     Provisional  35000   Withdrawn
Investment Fund Board                                         ICRA A+(SO)
Lahore Hospital Society                 Fund based-TL         ICRA BBB+    500     Reaffirmed
Lahore Hospital Society                 Fund Based Working    ICRA BBB+    300     -
                                        Capital
Lahore Hospital Society                 Non-Fund Based        ICRA BBB+    100     Reaffirmed
                                        Working Capital
Lahore Hospital Society                 Unallocated           ICRA BBB+    100     Reaffirmed
Laxmikant Cotton                        FB -TL                -            -       Reaffirmed
Laxmikant Cotton                        FB -CC                ICRA B       50      Reaffirmed
Removed from ‘Issuer Non-cooperating’ category
Laxmikant Cotton                        Unallocated           ICRA B       12      Reaffirmed
Removed from ‘Issuer Non-cooperating’ category
Lexo Ceramic                            FB TL                 ICRA B+      6.3     Withdrawn
Lexo Ceramic                            FB CC                 ICRA B+      25      Withdrawn
Lexo Ceramic                            Unallocated Limits    ICRA B+      23.7    Withdrawn
                                                              /ICRA A4
Mro-Tek Realty Ltd                      Fund Based/Non-Fund   -            -       Reaffirmed
                                        Based-Unallocated
Mro-Tek Realty Ltd                      Fund Based-CC         ICRA B+      100     Reaffirmed
Mro-Tek Realty Ltd                      Fund Based-Proposed   ICRA B+      100     Reaffirmed
Nambiar Builders Pvt Ltd                LT –Unallocated       ICRA BBB-    875     assigned
Nambiar Builders Pvt Ltd                LT –TL                ICRA BBB-    934.4   Outstanding
Nambiar Builders Pvt Ltd                LT – Unallocated      ICRA BBB-    190.6   Outstanding
Orange Bercha Wind Power Pvt            TL                    ICRA A-      2910    Upgraded
Ltd                                                                                from ICRA BBB
Orange Bercha Wind Power Pvt            CC                    ICRA A-      150     Upgraded
Ltd                                                                                from ICRA BBB
Paradeep Phosphates Ltd                 TL                    ICRA A       350     Assigned /
                                                                                   Outstanding
Paradeep Phosphates Ltd                 Fund Based LT Fac     ICRA A       1300    Assigned /
                                                                                   Outstanding
Prataap Snacks Ltd                      LT FB CC              ICRA A+      160     -
Prataap Snacks Ltd                      LT Fund based TL      ICRA A+      420     -
Rana Sugars Ltd                         LT-Fund Based         ICRA D       6070.7  -
Reason for delay in carrying out periodic review.-(ISSUER NOT COOPERATING)
Rana Sugars Ltd                         LT-Unallocated        ICRA D       811.3   -
Reason for delay in carrying out periodic review.-(ISSUER NOT COOPERATING)
Scj Plastics Ltd                        FB Fac                ICRA BBB-    55      -
Reason for delay in carrying out periodic review.-(ISSUER NOT COOPERATING)
Scj Plastics Ltd                        Non-FB Fac            ICRA BBB-    160     -
Reason for delay in carrying out periodic review.-(ISSUER NOT COOPERATING)
Shivam Cotton & Oil Industries          FB -CC                ICRA B       80      Reaffirmed
Shivam Cotton & Oil Industries          FB -TL                ICRA B       1.3     Reaffirmed
Shivam Cotton & Oil Industries          Unallocated           ICRA B       15.2    Reaffirmed
Shree Tirupati Balajee Fibc Ltd         LT— FB                ICRA BBB     196.2   Assigned
Shree Tirupati Balajee Fibc Ltd         Unallocated Limits    ICRA BBB /   43.8    Assigned
                                                              A3+
Shriram Transport Finance Co.           PTC Series A          Provisional  4988.6  Final Ratings
Ltd                                                           ICRA AAA(SO)
Shriram Transport Finance Co.           Second Loss Facility  Provisional  237     Final Ratings
Ltd                                                           ICRA
                                                              BBB+(SO)
Sri Laxmi Srinivasa Roller              FBL                   ICRA B+      65      Reaffirmed
Flour Mills
Sri Laxmi Srinivasa Roller              Unallocated limits    ICRA B+      5       Reaffirmed
Flour Mills
Superhouse Ltd                          Fund based-TL         ICRA BBB+    448.9   Reaffirmed
Superhouse Ltd                          Fund based- Working   ICRA BBB+    1650    Reaffirmed
                                        Capital Fac
Superhouse Ltd                          Unallocated           ICRA BBB+    271.4   Reaffirmed
Tata Metaliks Ltd                       LT- FB limits         ICRA AA-     1480    outstanding
Tata Metaliks Ltd                       LT- TL                ICRA AA-     1716.7  outstanding
Utkarsh Small Finance Bank Ltd          NCD Programme         ICRA A       1170    Upgraded
                                                                                   from ICRA A-
Uttara Foods And Feeds Pvt Ltd          LT -Fund Based        ICRA D       1458.3  -
(ISSUER NOT COOPERATING)
Uttara Impex Pvt Ltd                    LT -CC                ICRA         90      -
                                                              BBB-(SO)
(ISSUER NOT COOPERATING)
Vikas Spool Pvt Ltd                     LT FB CC              ICRA BB+     80      Reaffirmed
Vikas Spool Pvt Ltd                     LT FB TL              ICRA BB+     8.2     Reaffirmed
Vikas Spool Pvt Ltd                     LT/ ST - Unallocated  ICRA BB+ /   30.6    Reaffirmed
                                                              ICRA A4+
Vivek Enterprise                        FB- TL                ICRA B-      11.5    Withdrawn
Vivek Enterprise                        FB- CC                ICRA B-      100     Withdrawn
Vivek Enterprise                        Unallocated Limits    ICRA B-      3.5     Withdrawn
--------------------------------------------------------------------------------------------
$: 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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