February 27, 2015 / 6:08 AM / 5 years ago

India Ratings for Indian debt instruments - Feb 27

Feb 27 (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
February 26, 2015.

COMPANY                         INSTRUMENT                  RATING       AMOUNT   MOVEMENT
                                                                         (RS.MLN)
------                          ----------                  ------       ------   ---------
SHORT TERM RATINGS:
-------------------
Aarti Industries Ltd            CP                         IND A1+      2000     Assigned
Arihant Ship Breakers           Non-FB WC limits           IND A4       75       Assigned
Champion Rolling Mill Pvt Ltd   Non-FB limits              IND A4+      140      Assigned
Dinesh Textile Mills            NFB WC limits              IND A4       2.5      Assigned
Maheshwari Logistics Pvt Ltd    Non FBL                    IND A3       224.8    Suspended
R V Plastic Ltd                 Non-FB BG                  IND A4       70       Assigned
Shakun Gases Pvt Ltd            Non-FB WC limits           IND A4       190      Assigned
Wellman Carbo Metalicks (I) Ltd Non FBL                    IND A4+      560      Assigned

LONG TERM RATINGS:
-------------------
Aarti Industries Ltd            LT Issuer Rating           IND AA-               Assigned
Arihant Ship Breakers           Long-TL                    IND B-       16.2     Assigned
Arihant Ship Breakers           Fund based WC limits       IND B-       75       Assigned
Champion Rolling Mill Pvt Ltd   Long-TL                    IND BB+      49.95    Assigned
Champion Rolling Mill Pvt Ltd   FB limits (CC)             IND BB+      200      Assigned
Dinesh Textile Mills            FB WC limits               IND B+       40       Assigned
Dinesh Textile Mills            TL                         IND B+       11.69    Assigned
Kbs Industries Pvt Ltd          TL                         IND B        9.9      Assigned
Kbs Industries Pvt Ltd          FB WC limit                IND B / A4   100      Assigned
Kbs Industries Pvt Ltd          Proposed FB WC limit       IND B(exp) / 100      Assigned
                                                           A4 (exp)
Ls Rice Exports Pvt Ltd         TL                         IND B        13.1     Assigned
Ls Rice Exports Pvt Ltd         FB WC limit                IND B / A4   40       Assigned
Maheshwari Logistics Pvt Ltd    LT Issuer Rating           IND BBB               Suspended
Maheshwari Logistics Pvt Ltd    FBL                        IND BBB      270      Suspended
Maheshwari Logistics Pvt Ltd    TL                         IND BBB      69.4     Suspended
Mars Packaging Industries       TL                         IND B        6.8      Assigned
Mars Packaging Industries       FB WC limit                IND B /A4    70       Assigned
R V Plastic Ltd                 FB limits                  IND B+ /A4   100      Assigned
Shakun Gases Pvt Ltd            FB WC limits               IND B-       40       Assigned
Shri Khemisati Plaspack Llp     TL                         IND B-       37.5     Assigned
(Khemisati)
Shri Khemisati Plaspack Llp     FBL                        IND B-       20       Assigned
(Khemisati)
Shriram Pistons & Rings Ltd     LT Issuer Rating           IND AA-               Outlook to
                                                                                 Positive
-----------------------------------------------------------------------------------------------
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 Positive.

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