July 16, 2018 / 5:10 AM / in 4 months

India Ratings for Indian debt instruments – Jul 16

    Jul 16 (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
July 13, 2018.

COMPANY                         INSTRUMENT                  RATING       AMOUNT   MOVEMENT
                                                                         (RS.MLN)
------                          ----------                  ------       ------   ---------
SHORT TERM RATINGS:
-------------------
Aaditiya Aswin Paper Mills Pvt  Non-FB limit           IND A4+          10       -
Ltd
Maintained in Non-Cooperating Category ; (Issuer Not Cooperating)
Balajee Mini Steels & Rerolling Non-FB WC limits       IND A3(SO)       50       -
Pvt Ltd
Migrated to non- cooperating category; (Issuer Not Cooperating)
Cmb Spinning Mills              Non-FB limit           IND A4           17.3     -
Maintained in Non-Cooperating Category ; (Issuer Not Cooperating)
Everest Instruments Pvt Ltd     Non-FB limits          IND A3           80       -
Migrated to non- cooperating category; (Issuer Not Cooperating)
Everest Instruments Pvt Ltd     Proposed non-FB limits Provisional IND  310      -
                                                       A3
Migrated to non- cooperating category; (Issuer Not Cooperating)
Mgm Edible Oils Pvt Ltd         Non-FB limit           IND A4+          130      -
Maintained in Non-Cooperating Category ; (Issuer Not Cooperating)
Nilgiri Textiles Pvt Ltd        Non-FB limit           IND A4           9.6      -
Maintained in Non-Cooperating Category ; (Issuer Not Cooperating)
S.S. Fruits International Pvt   Non-FB limit           IND A4+          170      -
Ltd
Maintained in Non-Cooperating Category ; (Issuer Not Cooperating)

LONG TERM RATINGS:
-------------------
Aaditiya Aswin Paper Mills Pvt  FB limit               IND BB- / IND A4+59       -
Ltd
Maintained in Non-Cooperating Category ; (Issuer Not Cooperating)
Anchshil Corporate Park Pvt Ltd Tranche 1 NCDs         IND AAA(SO)      3750     Affirmed
Anchshil Corporate Park Pvt Ltd Tranche 2 NCDs         IND AAA(SO)      500      Affirmed
Anchshil Corporate Park Pvt Ltd Tranche 3 NCDs*        IND AAA(SO)      500      Assigned
*Awaiting ISIN
Balajee Mini Steels & Rerolling TL                     IND BBB-(SO)     13.4     -
Pvt Ltd
Migrated to non- cooperating category; (Issuer Not Cooperating)
Balajee Mini Steels & Rerolling FB WC limits           IND BBB-(SO)     250      -
Pvt Ltd
Migrated to non- cooperating category; (Issuer Not Cooperating)
Cmb Spinning Mills              Long-TL                IND B+           140.8    -
Maintained in Non-Cooperating Category ; (Issuer Not Cooperating)
Cmb Spinning Mills              FB limit               IND B+           25       -
Maintained in Non-Cooperating Category ; (Issuer Not Cooperating)
Everest Instruments Pvt Ltd     TL                     IND BBB-         80       -
Migrated to non- cooperating category; (Issuer Not Cooperating)
Everest Instruments Pvt Ltd     FB limits              IND BBB-         80       -
Migrated to non- cooperating category; (Issuer Not Cooperating)
Everest Instruments Pvt Ltd     Proposed FB limits     Provisional IND  80       -
                                                       BBB-
Migrated to non- cooperating category; (Issuer Not Cooperating)
Exotica Bar And Restaurant Llp  FB WC limit            IND B+           5        Assigned
Exotica Bar And Restaurant Llp  TL                     IND B+           59       Assigned
Gulzar Educational & Charitable TL                     WD               358.4    withdrawn
Trust
Gulzar Educational & Charitable FB WC Fac              WD               41.6     withdrawn
Trust
Jasmine Towels Pvt Ltd          FB WC limits           IND BB+ / IND A4+190      Assigned
Lendingkart Finance Ltd         Principal protected    IND PP-MLD       250      Assigned
                                market linked debentureBBB+emr
Mgm Edible Oils Pvt Ltd         Long-TL                IND BB-          12.42    -
Maintained in Non-Cooperating Category ; (Issuer Not Cooperating)
Mgm Edible Oils Pvt Ltd         FB limit               IND BB-/IND A4+  75       -
Maintained in Non-Cooperating Category ; (Issuer Not Cooperating)
Nilgiri Textiles Pvt Ltd        FB limit               IND B+ / IND A4  60       -
Maintained in Non-Cooperating Category ; (Issuer Not Cooperating)
Nirjharaa Industries Pvt Ltd    TL                     IND BB-          33.13    -
Migrated to non- cooperating category; (Issuer Not Cooperating)
Nirjharaa Industries Pvt Ltd    FB WC limits           IND BB- / IND A4+38       -
Migrated to non- cooperating category; (Issuer Not Cooperating)
Ogene Systems India Pvt Ltd     Long-TL (LT)           IND D            175.6    -
Maintained in Non-Cooperating Category ; (Issuer Not Cooperating)
Ogene Systems India Pvt Ltd     FB limit (LT/ST)       IND D            250      -
Maintained in Non-Cooperating Category ; (Issuer Not Cooperating)
Ogene Systems India Pvt Ltd     Non-FB limit (ST)      IND D            150      -
Maintained in Non-Cooperating Category ; (Issuer Not Cooperating)
S.S. Fruits International Pvt   FB limit               IND BB- / IND A4+80       -
Ltd
Maintained in Non-Cooperating Category ; (Issuer Not Cooperating)
Star Builders And Developers    FB WC limit            WD               80       Withdrawn
Star Builders And Developers    Non-FB WC limit        WD               830      Withdrawn
Star Builders And Developers    Proposed FB WC limit   WD               120      Withdrawn
Star Builders And Developers    Proposed non-FB WC     WD               720      Withdrawn
                                limit
Vishal Diamonds                 FBL                    IND B+ / IND A4  200      -
Maintained in Non-Cooperating Category ; (Issuer Not Cooperating)
-----------------------------------------------------------------------------------------------
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)
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