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ICRA ratings for Indian debt instruments-Sep 4
September 4, 2017 / 10:52 AM / 17 days ago

ICRA ratings for Indian debt instruments-Sep 4

    Sep 4 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of September 1, 2017.


COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Ajay Protech Pvt Ltd                    Non- FBL              ICRA A4      100
Issuer not cooperating
Andhra Petrochemicals Ltd               Non Fund Based        ICRA A4+     20      Upgraded
                                                                                   from ICRA A4
Apex Frozen Foods Pvt Ltd               Fund Based – ST       ICRA A3      450
Issuer not cooperating
Apex Frozen Foods Pvt Ltd               Non Fund based – ST   ICRA A3      80
Issuer not cooperating
Balmer Lawrie Van Leer Ltd              Short- term, fund-    ICRA A1      264     Upgraded
                                        based                                      from ICRA A2+
Balmer Lawrie Van Leer Ltd              Short- term, non- FBL ICRA A1      220     Upgraded
                                                                                   from ICRA A2+
Dr. Reddy’S Laboratories Ltd            Short- term, fund-    ICRA A1+     4000    Reaffirmed
                                        based / non- FBL
Ecap Equities Ltd                       CP Programme          ICRA A1+     5000    Outstanding
Hdfc Securities Ltd                     Short- Term Non- Fund ICRA A1+     1000    Reaffirmed
                                        Based Bk Fac
reduced from 200 CR
Jmt Auto Ltd.                           Non- FB Fac           ICRA A4      486     Reaffirmed
(Reduced from Rs. 53.60 crore)
Jmt Auto Ltd.                           Bill Discounting      ICRA A4      10      Reaffirmed
                                        Facility
Krishnendu Bhakta                       Non- fund based – BG  ICRA A4      15      Assigned
Krishnendu Bhakta                       Short- term-          ICRA A4      33.5    Assigned
                                        Unallocated
Raymond Uco Denim Pvt Ltd               Short- term fund basedICRA A2      750     Outstanding
Raymond Uco Denim Pvt Ltd               Short- term non- fund ICRA A2      1080    Outstanding
                                        based
Real Innerspring Technologies           Short- term non- fund ICRA A4      5       Issuer Not
Pvt Ltd                                 based                                      Cooperating
Shiga Energy Pvt. Ltd.                  NFBL                  ICRA A4      49.5    Issuer Not
                                                                                   Cooperating
Vsp Enterprises Pvt Ltd                 NFBL                  ICRA A4+     100     Issuer Not
                                                                                   Cooperating

LONG TERM RATINGS:
-------------------
Ajay Protech Pvt Ltd                    Fund- based limits    ICRA BB-     163.5
Issuer not cooperating
Andhra Petrochemicals Ltd               Fund Based - TL       ICRA BB      589     Upgraded
                                                                                   from ICRA BB-
Andhra Petrochemicals Ltd               Fund Based- CC        ICRA BB      350     Upgraded
                                                                                   from ICRA BB-
Andhra Petrochemicals Ltd               Unallocated           ICRA BB      186.5   Upgraded
                                                                                   from ICRA BB-
Ansaldocaldaie Gb Engineering           LT – loan facility    ICRA D       158
Pvt Ltd
Issuer not cooperating
Ansaldocaldaie Gb Engineering           Long- term fund based ICRA D       20
Pvt Ltd                                 facility
Issuer not cooperating
Ansaldocaldaie Gb Engineering           Long- term unallocatedICRA D       22
Pvt Ltd
Issuer not cooperating
Apex Frozen Foods Pvt Ltd               Fund- based – TL      ICRA BBB-    55.9
Issuer not cooperating
Apex Frozen Foods Pvt Ltd               Fund- based – CC      ICRA BBB-    450
Issuer not cooperating
Apex Frozen Foods Pvt Ltd               Unallocated – LT/ST   ICRA BBB-    33.7
                                                              /A3
Issuer not cooperating
Balmer Lawrie Van Leer Ltd              Long- term, TL        ICRA A       124     Upgraded
                                                                                   from ICRA A-
Balmer Lawrie Van Leer Ltd              Long- term, fund-     ICRA A       10      Upgraded
                                        based                                      from ICRA A-
Balmer Lawrie Van Leer Ltd              Long- term, non- fund ICRA A       10      Upgraded
                                        based                                      from ICRA A-
Balmer Lawrie Van Leer Ltd              Long- term/short-     ICRA A /A1   96      Upgraded
                                        term, fund- based                          from ICRA A/
                                                                                   A2+
Ceejay Finance Ltd                      LT Fund- Based Bk     ICRA BB+     150
                                        lines
Issuer not cooperating
Ctr Manufacturing Industries            BLR                   ICRA A /     1009    -
Ltd                                                           ICRA A1
Ecap Equities Ltd                       Non- Convertible      ICRA AA      5000    Outstanding
                                        Debenture programme
Ecap Equities Ltd                       LT Market Linked      PP-MLD ICRA  15000   Assigned
                                        Debenture programm    AA
Ecap Equities Ltd                       LT Market Linked      PP-MLD ICRA  3500    Outstanding
                                        Debenture programme   AA
Gayatri Iron & Steels                   Long- term: CC        ICRA B+      227.5   Issuer Not
                                                                                   Cooperating
Gayatri Iron & Steels                   Long- term: TL        ICRA B+      52.5    Issuer Not
                                                                                   Cooperating
Hdfc Securities Ltd                     Long- Term Fund Based ICRA AAA     2000    Reaffirmed
                                        Bk Fac
enhanced from 100 CR
Hi-Tech Frozen Facilities Pvt           CC                    ICRA B       100
Ltd
Issuer not cooperating
Hi-Tech Frozen Facilities Pvt           TL                    ICRA B       18
Ltd
Issuer not cooperating
Icici Bank Ltd. (2005) Mbs 1            Second Loss Facility  ICRA AA (SO)         Reaffirmed
(Aawas Trust Series 8)
Icici Bank Ltd. (2005) Mbs 1            PTC Series A2         ICRA AAA             Reaffirmed
(Aawas Trust Series 8)                                        (SO)
Icici Bank Ltd. (2005) Mbs 1            PTC Series B^^        ICRA AAA             Reaffirmed
(Aawas Trust Series 8)                                        (SO)
^^ Initial Investment by Series B PTC holders was nominal
Icici Bank Ltd. (2005) Mbs 2            Second Loss Facility  ICRA AA (SO)         Reaffirmed
(Aawas Trust Series 5)
Icici Bank Ltd. (2005) Mbs 2            PTC Series A2         ICRA AAA             Reaffirmed
(Aawas Trust Series 5)                                        (SO)
Icici Bank Ltd. (2005) Mbs 2            PTC Series B^^        ICRA AAA             Reaffirmed
(Aawas Trust Series 5)                                        (SO)
^^ Initial Investment by Series B PTC holders was nominal
Intertouch Metal Buildings Pvt          LT Fund- based – CC   ICRA B+      20      Reaffirmed
Ltd
Intertouch Metal Buildings Pvt          LT / ST –             ICRA B+ /A4          Reaffirmed
Ltd                                     Interchangeable^
^Sublimit of CC facility availed
Intertouch Metal Buildings Pvt          LT / ST – Non Fund    ICRA B+ /A4  100     Reaffirmed
Ltd                                     Based BG
Intertouch Metal Buildings Pvt          Inland/Import LC      ICRA B+ /A4  33      Reaffirmed
Ltd
Intertouch Metal Buildings Pvt          LT/ ST – Unallocated  ICRA B+ /A4  2       Reaffirmed
Ltd
Ishwar Oil Mill                         TL                    ICRA D       5.1     Downgraded
                                                                                   from ICRA B
Issuer not cooperating
Ishwar Oil Mill                         CC                    ICRA D       130     Downgraded
                                                                                   from ICRA B
Issuer not cooperating
Jmt Auto Ltd.                           TL                    ICRA B       523.5   Reaffirmed
(Reduced from Rs. 91.80 crore)
Jmt Auto Ltd.                           Fund- based Fac       ICRA B       870     Reaffirmed
(Reduced from Rs. 16.60 crore)
Jmt Auto Ltd.                           Unallocated Limits    ICRA B       110.5   Reaffirmed
(Reduced from Rs. 16.60 crore)
Jumbo Roofing And Tiles (Jrt)           Fund- based Limits    ICRA BB      148     Issuer Not
                                                                                   Cooperating
Kanha Exim                              CC Limit              ICRA BB      14.5    Assigned
Issuer not cooperating
Kanha Exim                              TL Limit              ICRA BB      82.3    Assigned
Issuer not cooperating
Kanha Exim                              Proposed TL Limit     ICRA BB      37.7    Assigned
Issuer not cooperating
Kanha Exim                              Proposed CC Limit     ICRA BB      35.5    Assigned
Issuer not cooperating
Klystron Electronics Pvt Ltd            Bk Fac                ICRA BB/     100     -
                                                              ICRA A4
Krishnendu Bhakta                       Fund- based- CC       ICRA B+      32.5    Assigned
Krishnendu Bhakta                       Long- term-           ICRA B+      17.5    Assigned
                                        Unallocated
Mittal Construction Unit                FBL                   ICRA BB-     110
Issuer not cooperating
Mittal Construction Unit                NFBL                  ICRA BB-     90
Issuer not cooperating
Prestige Garden Constructions           BLR                   ICRA A+ (SO) 1070
Pvt Ltd
Reason for delay in carrying out periodic review.
Prince Properties                       Fund- based Limits    ICRA B+      200
Issuer not cooperating
Raymond Uco Denim Pvt Ltd               Long- term fund based ICRA BBB+    2840    Assigned/
                                        – CC                                       outstanding
enhanced from Rs 275.00
Raymond Uco Denim Pvt Ltd               Long- term fund based ICRA BBB+    2446.8  Outstanding
                                        – TL
Real Innerspring Technologies           Long- term fund based ICRA B+      55      Issuer Not
Pvt Ltd                                                                            Cooperating
Satin Creditcare Network Ltd-           PTC Series A3         ICRA BBB             Withdrawn
Fioritura Ifmr Capital 2016                                   (SO)
Satin Creditcare Network Ltd-           PTC Series A2         ICRA BBB+            Withdrawn
Fioritura Ifmr Capital 2016                                   (SO)
Satin Creditcare Network Ltd-           PTC Series A1         ICRA A (SO)          Withdrawn
Proximo Ifmr Capital 2016
Satin Creditcare Network Ltd-           PTC Series A2         ICRA BBB             Withdrawn
Proximo Ifmr Capital 2016                                     (SO)
Satin Creditcare Network                PTC Series A1         ICRA A+ (SO)         Withdrawn
Ltd-Horme Ifmr Capital 2015
Shiga Energy Pvt. Ltd.                  NFBL (SO)             ICRA         450.5   Downgraded
                                                              BBB+(SO)             from ICRA
                                                              /ICRA A2+(SO)        A(SO) / ICRA
A1(SO)
Shriram Transport Finance Co.           PTCs                  ICRA AA (SO)         Withdrawn
Ltd- Stfc Vehicle Loan Pool
D.A. Sep-10 Iii
Shriram Transport Finance Co.           Second Loss Facility  ICRA AA (SO)         Withdrawn
Ltd- Stfc Vehicle Loan Pool
D.A. Sep-10 Iii
Shriram Transport Finance Co.           Second Loss Facility  ICRA A- (SO)         Withdrawn
Ltd- Stfc Vehicle Loan Pool
D.A. Sep-10 Iv
Shriram Transport Finance Co.           PTCs                  ICRA AA (SO)         Withdrawn
Ltd- Stfc Vehicle Loan Pool
D.A. Sep-10 Iv
Vital Construction Pvt Ltd              TL                    ICRA A+ (SO) 2520    Withdrawn
Vsp Enterprises Pvt Ltd                 FBL                   ICRA BB+     100     Issuer Not
                                                                                   Cooperating
--------------------------------------------------------------------------------------------
$: 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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