(Repeating to add additional ratings) Apr 2 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating Agency Ltd. (ICRA) for local debt instruments as of March 30, 2018. COMPANY INSTRUMENT RATING AMOUNT MOVEMENT (RS.MLN) ------ ---------- ------ ----- --------- SHORT TERM RATINGS: ------------------- Adhunik Cement Ltd Non-fund ICRA A2 540 Reaffirmed based-Working Capital Fac Apcotex Industries Ltd ST Non-FBL ICRA A1+ 70 Reaffirmed Ashok Leyland Ltd Non-FBL ICRA A1+ 7500 Reaffirmed Ashok Leyland Ltd FBL (proposed) ICRA A1+ 2000 Reaffirmed Ashok Leyland Ltd CP ICRA A1+ 15000 Reaffirmed Fortis Healthcare Ltd CP/ST Debt ICRA A3@ 6000 - @ on watch with negative implications Fortis Healthcare Ltd Non-FB Limits ICRA A3@ 200 - @ on watch with negative implications Graphite India Ltd CP/ ST debt ICRA A1+ 700 Reaffirmed Havells India Ltd Non-FB Bk Fac ICRA A1+ 3846.5 - Hcl Comnet Systems And ST Non-FB Fac ICRA A1+ 150 Reaffirmed Hcl Comnet Systems And ST FB Fac - - Reaffirmed Services Ltd Services Ltd Hero Fincorp Ltd CP Programme ICRA A1+ 40000 Assigned Hero Fincorp Ltd ST Bk lines ICRA A1+ 1500 outstanding Mangalore Electricity Supply Fund based - ST loan ICRA A2 722.2 Reaffirmed Co. Ltd Mangalore Electricity Supply Non-FBL ICRA A2 1750 Reaffirmed Co. Ltd Naari Pharma Pvt Ltd Non-Fund based - LOC ICRA A2+ 100 Reaffirmed / BG (SO) Reaffirmed rating watch with developing implications' removed Release Namasthetu Infratech Pvt Ltd Non-Fund based-BG ICRA A4 105.7 Reaffirmed ISSUER NOT CO- OPERATING Ntpc Ltd CP ICRA A1+ 80000 Outstanding Ntpc Ltd Non-fund ICRA A1+ 50000 Outstanding based-Working Capital Fac Paxal Corporation Non-Fund Based- LOC ICRA A4 110 - Rating continues to remain in the ‘Issuer Not Cooperating’ category Ramgad Minerals And Mining Ltd Non FB ICRA A3+ 15 Upgraded from ICRA A3 Rohan Motors Ltd Bill Discounting ICRA A3 30 Withdrawn Saarloha Advanced Materials ST –FundBased ICRA A3 1050 Reaffirmed Pvt Ltd Saarloha Advanced Materials ST –Non-fundBased ICRA A3 1095 Reaffirmed Pvt Ltd Silica Infotech Pvt Ltd ST – FB Fac ICRA A4 7.5 - Issuer delayed in giving information Silica Infotech Pvt Ltd ST – Non-FB Fac ICRA A4 100 - Issuer delayed in giving information Silica Infotech Pvt Ltd ST – Unallocated ICRA A4 - - Issuer delayed in giving information Skaps Industries India Pvt. Non-fund Based LOC ICRA A2+ 50 Upgraded Ltd. (LC) from ICRA A2 Skaps Industries India Pvt. Non-fund Based Credit ICRA A2+ 81.9 Upgraded Ltd. Exposure Limit from ICRA A2 Ski Carbon Black (India) Pvt CP Programme ICRA A1+ - Withdrawn Ltd Va Tech Wabag Ltd ST: Non FB Fac ST: ICRA A1+ 25000 outstanding Proposed Fac MEDIUM TERM RATINGS: ------------------- Shriram Transport Finance Co. Fixed Deposit MAA+ Outstanding Ltd Programme LONG TERM RATINGS: ------------------- Adhunik Cement Ltd FB-TL ICRA AA (SO) 1729.9 Reaffirmed Adhunik Cement Ltd FB- Working Capital ICRA BBB 980 Reaffirmed Fac Adhunik Cement Ltd Unallocated - ICRA BBB 586.9 Reassigned from ICRA AA (SO) Ajnara India Ltd Fund based-TL ICRA BBB 7800 Reaffirmed Ajnara Infrastructure Pvt Ltd FB Limits ICRA BB 91 Reaffirmed Ananda Vikatan Publishers Pvt LT – FB ICRA BBB 90 Revised from Ltd ICRA BBB+ Apcotex Industries Ltd LT FB Limits ICRA AA- 790 Reaffirmed Apcotex Industries Ltd LT / ST – FB/ Non-FBL ICRA AA-/ 200 Reaffirmed ICRA A1+ Asa International India PTC Series A2 ICRA 5.2 Assigned Microfinance Ltd BBB+(SO) Asa International India PTC Series A1 Provisional 222.4 Assigned Microfinance Ltd ICRA A-(SO) Ashok Leyland Ltd NCD ICRA AA 1500 Reaffirmed Outlook revised from stable Ashok Leyland Ltd FBL ICRA AA 9000 Reaffirmed Outlook revised from stable Ashok Leyland Ltd TL (proposed) ICRA AA 550 Reaffirmed Outlook revised from stable Ashok Leyland Ltd NCD ICRA AA - Withdrawn Au Small Finance Bank Ltd NCD Programme ICRA A+ 7900 - Review process is underway Au Small Finance Bank Ltd Subordinated Debt ICRA A+ 500 - Programme Review process is underway Au Small Finance Bank Ltd Bk Lines ICRA A+ / 7250 - ICRA A1+ Review process is underway Bhaurao Chavan Sahakari Sakhar TL ICRA BB- 450 - Karkhana Ltd Review process is underway Bhaurao Chavan Sahakari Sakhar FBL ICRA BB- 920 - Karkhana Ltd Review process is underway Bhaurao Chavan Sahakari Sakhar Basal Dose Loan ICRA BB- 90 - Karkhana Ltd Review process is underway Bosch Rexroth (India) Pvt Ltd LT FB Limits - ICRA AA 300 Reaffirmed Overdraft limits Bosch Rexroth (India) Pvt Ltd LT Non FB Limits - BG ICRA AA 400 Reaffirmed Classic Display Systems Pvt. Fund based CC ICRA BB 60 Reaffirmed Ltd. Classic Display Systems Pvt. Fund based TL ICRA BB 35 Reaffirmed Ltd. Classic Display Systems Pvt. Unallocated ICRA BB 30 Reaffirmed Ltd. Durg Shivnath Expressways Pvt NCD Provisional 1750 - Ltd (Erstwhile Sms Shivnath ICRA AA(SO) Infrastructure Pvt Ltd) Ess Kay Fincorp Ltd PTC Series A1 ICRA A(SO) 323.9 Upgraded from ICRA A-(SO) Ess Kay Fincorp Ltd PTC Series A1 ICRA A-(SO) 264.1 Reaffirmed Ess Kay Fincorp Ltd PTC Series A1 ICRA A+(SO) 375.9 Upgraded from ICRA A-(SO) Ess Kay Fincorp Ltd PTC Series A1 ICRA A+(SO) 173.9 Upgraded from ICRA A-(SO) Ess Kay Fincorp Ltd PTC Series A2 ICRA 12 Upgraded BBB-(SO) from ICRA BBB-(SO) Ess Kay Fincorp Ltd PTC Series A2 ICRA 22.6 Upgraded BBB+(SO) from ICRA BBB-(SO) Ess Kay Fincorp Ltd PTC Series A2 ICRA 5.4 Upgraded BBB+(SO) from ICRA BBB-(SO) Fjm Cylinders Pvt Ltd LT: TL ICRA BB+ 243 Upgraded from ICRA BB Fjm Cylinders Pvt Ltd LT: CC Fac ICRA BB+ 40 Upgraded from ICRA BB Fjm Cylinders Pvt Ltd LT and ST: Non-FBL ICRA BB+ 140 Upgraded from ICRA BB / ICRA A4+ Fjm Cylinders Pvt Ltd LT and ST: UnallocatedICRA BB+ 364.5 Upgraded from ICRA BB / ICRA A4+ Fortis Healthcare Ltd NCDs ICRA BBB-@ 2500 - @ on watch with negative implications Fortis Healthcare Ltd FB Limits ICRA BBB-@ 1050 - @ on watch with negative implications Fortis Healthcare Ltd TL ICRA BBB-@ 1950 - @ on watch with negative implications French Motor Car Co. Ltd. Unallocated limits ICRA BB- 5 - /ICRA A4 Ratings continue to remain under ‘Issuer Not Cooperating’ category French Motor Car Co. Ltd. Fund Based – CC ICRA BB+ 145 - Rating continues to remain under ‘Issuer Not Cooperating’ category Gkc Projects Ltd BLR ICRA D 22000 - ISSUER NOT CO- OPERATING Goverdhan Transport Company TL ICRA BB+ 670 Upgraded Pvt Ltd from ICRA BB Graphite India Ltd NCD ICRA AA+ 1000 Reaffirmed Graphite India Ltd FB Fac ICRA AA+ 4500 Reaffirmed /A1+ Graphite India Ltd Non-FB Fac ICRA 2700 Reaffirmed AA+/A1+ Reaffirmed Gujarat Guardian Ltd LT, FB/Non-FBL ICRA AA 100 Re-affirmed Gujarat Guardian Ltd LT, Non-FBL ICRA AA 300 Re-affirmed Havells India Ltd FB Bk Fac ICRA AA+ 2224 - Hcl Comnet Systems And LT Non-FB Fac ST FB ICRA AA 200 Reaffirmed Services Ltd Fac MFI Grading Hero Fincorp Ltd LT FB Fac ICRA AA+ 68500 Assigned Hero Fincorp Ltd NCD Programme ICRA AA+ 8000 Assigned Hero Fincorp Ltd Subordinated Debt ICRA AA+ 1000 Assigned Programme Hero Fincorp Ltd NCD Programme ICRA AA+ 24000 outstanding Hero Fincorp Ltd Subordinated Debt ICRA AA+ 4000 outstanding Programme India Shelter Finance Bk lines ICRA A- 2500 Reaffirmed Corporation Ltd India Shelter Finance NCD ICRA A- 710 Reaffirmed Corporation Ltd Kimiya Engineers Pvt Ltd FB - CC ICRA D 100 Downgraded from ICRA BB- Removed from ‘Issuer Not Cooperating’ category Kimiya Engineers Pvt Ltd Non-FBL ICRA D 300 Downgraded from ICRA BB- Removed from ‘Issuer Not Cooperating’ category Kimplas Piping Systems Ltd LT: Fund based - CC ICRA BB 230 Withdrawn ISSUER NOT CO- OPERATING Kimplas Piping Systems Ltd LT: Fund based – TL ICRA BB 90 Withdrawn ISSUER NOT CO- OPERATING Kimplas Piping Systems Ltd LT: Non-FBL ICRA BB 80 Withdrawn ISSUER NOT CO- OPERATING Kohinoor Speciality Foods Fund based - Working ICRA A+(SO) 4235 Assigned India Pvt Ltd Capital Fac Lila Polymers Pvt Ltd BLR ICRA BB / 300 - ICRA A4+ ISSUER NOT CO- OPERATING Magma Fincorp Ltd PTC Series A1 Provisional 565.9 Assigned ICRA AA(SO) Magma Fincorp Ltd PTC Series A2 Provisional 31.4 Assigned ICRA AA(SO) Magma Fincorp Ltd Liquidity Facility Provisional 10.5 Assigned ICRA AAA(SO) Magma Fincorp Ltd Second Loss Facility Provisional 31.4 Assigned ICRA BBB-(SO) Mangalore Electricity Supply Fund based - TL ICRA BBB+ 5855.1 Reaffirmed Co. Ltd Mangalore Electricity Supply Fund based – OverdraftICRA BBB+ 3150 Reaffirmed Co. Ltd Mangalore Electricity Supply Unallocated ICRA BBB+ / 522.7 Reaffirmed Co. Ltd ICRA A2 Meridian Educational Society Fund based ICRA B 1300 - ISSUER NOT CO- OPERATING Naari Pharma Pvt Ltd Fund Based - TL ICRABBB+ 878 Reaffirmed (SO) rating watch with developing implications' removed and Stable , outlook Naari Pharma Pvt Ltd Fund Based - CC ICRABBB+ 200 Reaffirmed (SO) rating watch with developing implications' removed and Stable , outlook Namasthetu Infratech Pvt Ltd Fund based-CC ICRA B 44.3 Reaffirmed ISSUER NOT CO- OPERATING Namasthetu Infratech Pvt Ltd Fund ICRA B 10 Reaffirmed based-Unallocated Limit ISSUER NOT CO- OPERATING Ntpc Ltd BONDS ICRA AAA 437123.3Outstanding Ntpc Ltd FB-TL ICRA AAA 650000 Outstanding Ntpc Ltd Fund based-Working ICRA AAA 20000 Outstanding Capital Fac Paxal Corporation Fund Based-CC ICRA B 80 - Rating continues to remain in the ‘Issuer Not Cooperating’ category Prathul Automobiles Pvt Ltd Fund based ICRA B+ 132.1 - Remains in ‘Issuer Not Cooperating’ category Prathul Automobiles Pvt Ltd Unallocated Limits ICRA B+ 17.9 - Remains in ‘Issuer Not Cooperating’ category Radhe Krishna Enterprise TL ICRA B 270 - ISSUER NOT CO- OPERATING Ramgad Minerals And Mining Ltd FB – TL ICRA BBB 2050 Upgraded from ICRA BBB- Ramgad Minerals And Mining Ltd FB – CC ICRA BBB 100 Upgraded from ICRA BBB- Ramgad Minerals And Mining Ltd Unallocated ICRA BBB 735 Upgraded from ICRA BBB- Rohan Motors Ltd CC ICRA BBB- 400 Withdrawn Rohan Motors Ltd BG ICRA BBB- 75 Withdrawn Saarloha Advanced Materials LT –Fund based/CC ICRA BBB- 300 Reaffirmed Pvt Ltd Saarloha Advanced Materials LT/ST Non-fund Based ICRA BBB- 250 Reaffirmed Pvt Ltd /ICRA A3 Saarloha Advanced Materials LT/ST Unallocated ICRA BBB- 380 Reaffirmed Pvt Ltd /ICRA A3 Silica Infotech Pvt Ltd LT – CC ICRA B+ 70 - Issuer delayed in giving information Silica Infotech Pvt Ltd LT – TL ICRA B+ 12.5 - Issuer delayed in giving information Skaps Industries India Pvt. FB TL (TL) ICRA A- 1200.4 Upgraded Ltd. from ICRA BBB+ Skaps Industries India Pvt. FB CC (CC) ICRA A- 650 Upgraded Ltd. from ICRA BBB+ Ski Carbon Black (India) Pvt LT / ST, FB/Non-FB FacICRA AA 6000 Re-affirmed Ltd Sterling & Wilson Energy LT/ST – Non-fund BasedICRA BBB- 70 Reaffirmed Systems Pvt Ltd /ICRA A3 Sterling & Wilson Powergen Pvt LT – TL ICRA BBB- 250 Reaffirmed Ltd Sterling & Wilson Powergen Pvt LT – Fund Based/CC ICRA BBB- 50 Reaffirmed Ltd Sterling & Wilson Powergen Pvt LT/ST – Non-fund BasedICRA BBB- 1025 Reaffirmed Ltd /ICRA A3 Sterling Generators Pvt Ltd LT – Fund based/CC ICRA BBB- 300 Reaffirmed Sterling Generators Pvt Ltd LT/ST Non-fund 25 ICRA 250 Reaffirmed Based BBB-/ICRA A3 Td Toll Road Pvt Ltd Fund Based – TL ICRA BB+ 3014 - Rating moved to the ‘Issuer Not Cooperating’ category Tejaswi Motors Pvt Ltd Fund based CC ICRA B 200 - ISSUER NOT CO- OPERATING Va Tech Wabag Ltd LT: FB Fac ICRA AA- 4875 outstanding Va Tech Wabag Ltd LT: Proposed FB Fac ICRA AA- 125 outstanding -------------------------------------------------------------------------------------------- $: 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)