August 24, 2017 / 4:14 AM / a month ago

India Ratings for Indian debt instruments – Aug 24

    Aug 24 (Reuters) - Below are the ratings awarded by India Ratings and Research Private Ltd
(India Ratings), formerly known as Fitch Ratings India for local debt instruments as of
August 23, 2017.

COMPANY                         INSTRUMENT             RATING           AMOUNT   MOVEMENT
                                                                        (RS.MLN)
------                          ----------             ------           ------   ---------
SHORT TERM RATINGS:
-------------------
Disha Industries Pvt Ltd        Non- fund- based Fac   IND A4+          50       Migrated to
                                                                                 Non-
                                                                                 Cooperating
                                                                                 Category
(ISSUER NOT COOPERATING)
Jayanthi Textile Products       Non- fund- based Fac   IND A3           70       Assigned
Lts Plastics (I) Pvt Ltd        Non- fund- based WC    IND A4           61       Migrated to
                                limit                                            Non-
                                                                                 Cooperating
                                                                                 Category
(ISSUER NOT COOPERATING)
Metalink                        Non- fund- based limitsIND A4           12.5     Migrated to
                                                                                 Non-
                                                                                 Cooperating
                                                                                 Category
(ISSUER NOT COOPERATING)
Novelty Sales                   Non- fund- based limitsIND A4           30       Migrated to
                                                                                 Non-
                                                                                 Cooperating
                                                                                 Category
(ISSUER NOT COOPERATING)
Unique Foods                    Non- fund- based limitsIND A3           20       Migrated to
                                                                                 Non-
                                                                                 Cooperating
                                                                                 Category
(ISSUER NOT COOPERATING)
Westwell Iron And Steel Pvt Ltd Non- fund- based WC    IND A4+          97.5     Assigned
                                limit

LONG TERM RATINGS:
-------------------
B. R. Sponge And Power Ltd      Fund- based limit      IND BB           125      Assigned
Disha Industries Pvt Ltd        Long- TL               IND BB+          208      Migrated to
                                                                                 Non-
                                                                                 Cooperating
                                                                                 Category
(ISSUER NOT COOPERATING)
Disha Industries Pvt Ltd        Fund- based Fac        IND BB+/ IND A4+ 125      Migrated to
                                                                                 Non-
                                                                                 Cooperating
                                                                                 Category
(ISSUER NOT COOPERATING)
Gee Emm Overseas                Fund- based WC limit   IND B+/ IND A4   60       Migrated to
                                                                                 Non-
                                                                                 Cooperating
                                                                                 Category
(ISSUER NOT COOPERATING)
Jayanthi Textile Products       Long- TL               IND BBB-         129.1    Assigned
Jayanthi Textile Products       Fund- based Fac        IND BBB-/ IND A3 250      Assigned
Lts Plastics (I) Pvt Ltd        Fund- based WC limit   IND B            120      Migrated to
                                                                                 Non-
                                                                                 Cooperating
                                                                                 Category
(ISSUER NOT COOPERATING)
Malabar Hotels Pvt Ltd          TL (long- term)        IND D            300      Migrated to
                                                                                 Non-
                                                                                 Cooperating
                                                                                 Category
(ISSUER NOT COOPERATING)
Malabar Hotels Pvt Ltd          Fund- based WC limits  IND D            30       Migrated to
                                (long- term)                                     Non-
                                                                                 Cooperating
                                                                                 Category
(ISSUER NOT COOPERATING)
Metalink                        Fund- based limits     IND B+           44.5     Migrated to
                                                                                 Non-
                                                                                 Cooperating
                                                                                 Category
(ISSUER NOT COOPERATING)
Mumbai International Airport    TL against real estate IND A+(SO)       6500     Affirmed
Pvt Ltd                         deposits
Mumbai International Airport    Long- term Bk loans    IND AA-          61410    Assigned
Pvt Ltd
Mumbai International Airport    Bk Fac                 IND AA-          11350    Assigned
Pvt Ltd
Mumbai International Airport    Long- term Bk loan     IND AA-(SO)      21550    Assigned
Pvt Ltd                         against ADF receivables
Mumbai International Airport    Long- term Bk loans    WD               60310    Withdrawn
Pvt Ltd                                                                          (paid in full)
Mumbai International Airport    Long- term Bk loan     WD               26480    Withdrawn
Pvt Ltd                         against ADF receivables                          (paid in full)
Mumbai International Airport    Bk Fac                 WD               8400     Withdrawn(paid
Pvt Ltd                                                                          in full)
Nakshtra                        Fund- based WC limits  IND B-/ IND A4   70       Migrated to
                                                                                 Non-
                                                                                 Cooperating
                                                                                 Category
(ISSUER NOT COOPERATING)
Nakshtra                        Proposed fund- based   Provisional IND  20       Migrated to
                                WC limits              B-/ Provisional           Non-
                                                       IND A4                    Cooperating
Category
(ISSUER NOT COOPERATING)
Novelty Sales                   Fund- based WC limit   IND B/ IND A4    40       Migrated to
                                                                                 Non-
                                                                                 Cooperating
                                                                                 Category
(ISSUER NOT COOPERATING)
Novelty Sales                   Proposed fund- based   Provisional IND  20       Migrated to
                                WC limit               B/ Provisional            Non-
                                                       IND A4                    Cooperating
Category
(ISSUER NOT COOPERATING)
Rajdeep Rice Mill Pvt Ltd       Fund- based WC limit   IND B            20       Migrated to
                                                                                 Non-
                                                                                 Cooperating
                                                                                 Category
(ISSUER NOT COOPERATING)
Rajdeep Rice Mill Pvt Ltd       TL                     IND B            30       Migrated to
                                                                                 Non-
                                                                                 Cooperating
                                                                                 Category
(ISSUER NOT COOPERATING)
Shri Shyam Oil Extraction Pvt   Fund- based WC limit   IND BB           50       Migrated to
Ltd                                                                              Non-
                                                                                 Cooperating
                                                                                 Category
(ISSUER NOT COOPERATING)
Shri Shyam Oil Extraction Pvt   TL                     IND BB           40       Migrated to
Ltd                                                                              Non-
                                                                                 Cooperating
                                                                                 Category
(ISSUER NOT COOPERATING)
Takshila Retail Pvt Ltd         Fund- based WC limit   IND D            650      Migrated to
                                (Long- term/Short-                               Non-
                                term)                                            Cooperating
                                                                                 Category
(ISSUER NOT COOPERATING)
Takshila Retail Pvt Ltd         TL (Long- term)        IND D            330.3    Migrated to
                                                                                 Non-
                                                                                 Cooperating
                                                                                 Category
(ISSUER NOT COOPERATING)
The Orissa State Co-Operative   Fund- based WC         IND BBB-         500      Assigned
Milk Producers’ Federation Ltd
Unique Foods                    Fund- based limits     IND BBB-         117.5    Migrated to
                                                                                 Non-
                                                                                 Cooperating
                                                                                 Category
(ISSUER NOT COOPERATING)
Unique Foods                    TL                     IND BBB-         51.1     Migrated to
                                                                                 Non-
                                                                                 Cooperating
                                                                                 Category
(ISSUER NOT COOPERATING)
Westwell Iron And Steel Pvt Ltd Fund- based WC limit   IND BB           55       Assigned

-----------------------------------------------------------------------------------------------
Note:- All Indian National-scale ratings previously assigned by Fitch have been transferred to
India Ratings & Research Private Ltd (India Ratings), which is a wholly owned subsidiary of the
Fitch Group. The withdrawn criteria are now available on India Ratings' website at
www.indiaratings.co.in

$: 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

INDIA RATINGS 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; RWN- Rating
Watch Negative;
RWN- Rating Watch Evolve.

(Mumbai Rate Reporting Unit + 91 22 6180 7222 / 3317 7222, E-mail at
rru.data@thomsonreuters.com)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below