April 26, 2018 / 10:58 AM / 3 months ago

RPT-ICRA ratings for Indian debt instruments-Apr 26

 (Repeating to add more ratings)
    Apr 26 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of April 25, 2018.


COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Aggarwal And Company                    Non-fund based- LOC   ICRA A4      200
Rating continues to remain under ‘Issuer Not Cooperating’ category
Anant Rice Industries                   Non fund based – BG   ICRA A4      25
Rating continues to remain under ‘Issuer Not Cooperating’ category
Chloride Metals Ltd                     Non-fund Based – LC   ICRA A1+     10      Reaffirmed
Chloride Metals Ltd                     Non-fund Based – BG   ICRA A1+     150     Reaffirmed
Chloride Power Systems &                Non-fund Based –BG    ICRA A1+     230     Reaffirmed
Solutions Ltd
Chloride Power Systems &                Non-fund Based –      ICRA A1+     -       Reaffirmed
Solutions Ltd                           Financial BG
Chloride Power Systems &                Non-fund Based – LOC  ICRA A1+     -       Reaffirmed
Solutions Ltd
Dhansmruti Textiles Pvt Ltd             ST – Non Fund Based   ICRA A4      12.5
Rating continues to remain in the ‘Issuer Not Cooperating’ category
Dolf Industries                         Non FB Limits         ICRA A4+     35
Review process is underway
Guru Ashish Shipbreakers                Non-fund based- LOC   ICRA A4      660
Rating continues to remain under ‘Issuer Not Cooperating’ category
Hans Industries Pvt Ltd                 Non-fund basedBG      ICRA A4      120
Rating continues to remain under ‘Issuer Not Cooperating’ category
Hans Industries Pvt Ltd                 Non-Fund based- LOC   ICRA A4      -
Rating continues to remain under ‘Issuer Not Cooperating’ category
Jayshree Builders                       Non-fund based –      ICRA A4      38
                                        Standby LOC
Rating continues to remain under ‘Issuer Not Cooperating’ category
Kulkarni & Sahu Buildcon Pvt            Non fund based – BG   ICRA A4      90
Ltd
Rating continues to remain under ‘Issuer Not Cooperating’ category
Mondal Cold Storage                     Fund based – Working  ICRA A4      148.2
                                        Capital Fac
Rating continues to remain under ‘Issuer Not Cooperating’ category
Mondal Ice & Cold Storage Pvt           Fund based – Working  ICRA A4      92.4
Ltd                                     Capital Fac
Rating continues to remain under ‘Issuer Not Cooperating’ category
Sainor Laboratories Pvt Ltd             Non-fund based        ICRA A4+     70
Unchanged (post amalgamation)
Shree Nakoda Global Ltd                 Non-FBL               ICRA A4      140
Issuer not co- operating
Shree Nakoda Ispat Ltd.                 Non-FBL               ICRA A4      595.2
Issuer not co- operating
Solidus Hi -Tech Products Pvt           ST – Non Fund Based   ICRA A4      42.5
Ltd
Rating continues to remain in the ‘Issuer Not Cooperating’ category
United Coke Pvt Ltd                     Non-Fund based-LOC    ICRA A4      350
Rating continues to remain under ‘Issuer Not Cooperating’ category

LONG TERM RATINGS:
-------------------
Aggarwal And Company                    Fund based-CC         ICRA B       -
Rating continues to remain under ‘Issuer Not Cooperating’ category
Anant Rice Industries                   Fund based – TL       ICRA B+      8
Rating continues to remain under ‘Issuer Not Cooperating’ category
Anant Rice Industries                   Fund based – CC^      ICRA B+      35
Rating continues to remain under ‘Issuer Not Cooperating’ category; ^ Rs. 1.00 crore is
interchangeable to Bank Guarantee
Anant Rice Industries                   Unallocated           ICRA B+      22
Rating continues to remain under ‘Issuer Not Cooperating’ category
Ayush Texlene Ltd                       Fund based-CC         ICRA B-      50
Rating continues to remain under ‘Issuer Not Cooperating’ category
Balaji Motors                           Bk Fac                ICRA B       120
Moved to Issuer not cooperating category due to non submission of monthly ‘No Default Statement’
(“NDS”) by the entity
Caddie Hotels Pvt Ltd                   TL (Proposed)         Provisional  5400    Assigned
                                                              ICRA BBB+
Caddie Hotels Pvt Ltd                   Non-FBL (Proposed)    Provisional  600     Assigned
                                                              ICRA BBB+/
                                                              ICRA A2
Chintamani’S Jewellery Arcade           Bk Fac                ICRA BB- /   230
Pvt Ltd                                                       ICRA A4
Issuer not co- operating
Chloride Metals Ltd                     FB Limits – CC        ICRA AA      150     Reaffirmed
Chloride Power Systems &                FB Limits – CC        ICRA AA-     50      Reaffirmed
Solutions Ltd
Consolidated Construction               Fund based – Working  ICRA D       3800
Consortium Ltd                          capital Fac
Remains in ‘Issuer Not Cooperating’ category
Consolidated Construction               Fund based – TL       ICRA D       720.5
Consortium Ltd
Remains in ‘Issuer Not Cooperating’ category
Consolidated Construction               Fund based – ST Fac   ICRA D       1900
Consortium Ltd
Remains in ‘Issuer Not Cooperating’ category
Consolidated Construction               Non-fund based        ICRA D       12750
Consortium Ltd
Remains in ‘Issuer Not Cooperating’ category
Consolidated Construction               Proposed Fac          ICRA D       450
Consortium Ltd
Remains in ‘Issuer Not Cooperating’ category
Consolidated Construction               NCDs                  ICRA D       500
Consortium Ltd
Remains in ‘Issuer Not Cooperating’ category
Dhansmruti Textiles Pvt Ltd             LT – Fund Based – TL  ICRA B+      389.7
Rating continues to remain in the ‘Issuer Not Cooperating’ category
Dhansmruti Textiles Pvt Ltd             LT – Fund Based – CC  ICRA B+      62.5
Rating continues to remain in the ‘Issuer Not Cooperating’ category
Dhansmruti Textiles Pvt Ltd             LT – Unallocated      ICRA B+      10.3
Rating continues to remain in the ‘Issuer Not Cooperating’ category
Dolf Industries                         FB Limits             ICRA BB      80
Review process is underway
Fairfreight Lines Pvt Ltd               ECB/ FCNR             Provisional  195     Withdrawn
                                                              ICRA A-(SO)
Fairfreight Lines Pvt Ltd               FBL                   Provisional  650     Withdrawn
                                                              ICRA A-(SO)
Fairfreight Lines Pvt Ltd               Unallocated limits    Provisional  155     Withdrawn
                                                              ICRA A-(SO)
                                                              / ICRA A2+(SO)
Gaurishanker Bihani                     Bk Fac                ICRA B+      200
Review process is underway
Gorakhpur Infrastructure                Fund based - TL       ICRA AA      3833.7  Outstanding
Company Pvt Ltd
Gorakhpur Infrastructure                NCD Programme         Provisional  4250    Assigned
Company Pvt Ltd                                               ICRA AAA(SO)
Guru Ashish Shipbreakers                Fund based-CC         ICRA B+      90
Rating continues to remain under ‘Issuer Not Cooperating’ category
Hans Industries Pvt Ltd                 Fund based-CC         ICRA B+      450
Rating continues to remain under ‘Issuer Not Cooperating’ category
Ini Design Studio Pvt. Ltd.             FB limits Trust Name  ICRA BBB-    75      Assigned
Jayshree Builders                       Fund based - TL       ICRA B-      300
Rating continues to remain under ‘Issuer Not Cooperating’ category
Jayshree Builders                       Unallocated limits    ICRA B- /    412
                                                              ICRA A4
Rating continues to remain under ‘Issuer Not Cooperating’ category
Jhv Steels Ltd                          Fund Based – CC       ICRA B       125
Rating continues to remain under ‘Issuer Not Cooperating’ category
Kulkarni & Sahu Buildcon Pvt            Fund based – CC       ICRA BB-     40
Ltd
Rating continues to remain under ‘Issuer Not Cooperating’ category
Merck Ltd                               LT fund based         ICRA AA      167.5
Placed on ratings watch with positive implications
Merck Ltd                               LT nonfund based      ICRA AA      135
Placed on ratings watch with positive implications
Mondal Cold Storage                     Non fund based – BG   ICRA B+      3.5
Rating continues to remain under ‘Issuer Not Cooperating’ category
Mondal Ice & Cold Storage Pvt           Fund based – TL       ICRA B+      1
Ltd
Rating continues to remain under ‘Issuer Not Cooperating’ category
Mondal Ice & Cold Storage Pvt           Non fund based – BG   ICRA B+      1.5
Ltd
Rating continues to remain under ‘Issuer Not Cooperating’ category
Perfecto Electricals                    Bk Fac                ICRA B /     355
                                                              ICRA A4
Review process is underway
Pertinent Infra & Energy Ltd            LT - Fund Based TL    ICRA B+      119     Reaffirmed
Pertinent Infra & Energy Ltd            LT – Unallocated      ICRA B+      31      Reaffirmed
Pioneer Urban Land &                    Non-fund based        ICRA BBB     500
Infrastructure Ltd
Unchanged (post Joint Venture)
Prithvi Developers                      Fund based – TL       ICRA D       80
Rating moved to the ‘Issuer Not Cooperating’ category
Rajesh Construction Company             Bk Loan               ICRA B+/     100
                                                              ICRA A4
Issuer not co- operating
Ramesh Company                          Bk Fac                ICRA B+ / A4 200
Review process is underway
Reliable Agencies                       Bk loan Ratings       ICRA B+/     100
                                                              ICRA A4
Issuer Not Cooperating
Reliable Agencies                       Bk loan Ratings       ICRA B+      100
                                                              /ICRA A4
Issuer Not Cooperating
Sri Kpr Industries Ltd                  Bk loan Ratings       ICRA         207.7
                                                              BB+/ICRA A4+
Issuer Not Cooperating
Sri Kpr Infra And Projects Ltd          Bk loan Ratings       ICRA BB+     365.3
                                                              /ICRA A4+
Issuer Not Cooperating
Sri Vijaya Naga Jyothi Rice             Bk loan Ratings       ICRA B       100
Mill (Veeravasaram)                                           /ICRA A4
Issuer Not Cooperating
Ronald Colaco                           LT – TL               ICRA BBB     150
Issuer delayed in giving information
Sainor Laboratories Pvt Ltd             FB                    ICRA BB      60
Unchanged (post amalgamation)
Sainor Laboratories Pvt Ltd             Unallocated Limits    ICRA BB/     50
                                                              ICRA A4+
Unchanged (post amalgamation)
Shree Nakoda Global Ltd                 FB Limits (CC)        ICRA B       10
Issuer not co- operating
Shree Nakoda Ispat Ltd.                 TL                    ICRA B+      2185
Issuer not co- operating
Shree Nakoda Ispat Ltd.                 FB Limits (CC)        ICRA B+      481.9
Issuer not co- operating
Solidus Hi -Tech Products Pvt           LT – Fund Based – TL  ICRA BB      71.7
Ltd
Rating continues to remain in the ‘Issuer Not Cooperating’ category
Solidus Hi -Tech Products Pvt           LT / ST – Fund Based  ICRA BB /    155
Ltd                                     – CC                  ICRA A4
Rating continues to remain in the ‘Issuer Not Cooperating’ category
Solidus Hi -Tech Products Pvt           LT / ST – Unallocated ICRA BB /    0.8
Ltd                                                           ICRA A4
Rating continues to remain in the ‘Issuer Not Cooperating’ category
Sri Kpr Industries Ltd                  Bk loan Ratings       ICRA BB+/    207.7
                                                              ICRA A4+
Issuer Not Cooperating
Sri Kpr Infra & Projects Ltd            Bk loan Ratings       ICRA BB+/    365.3
                                                              ICRA A4+
Issuer Not Cooperating
Sri Vijaya Naga Jyothi Rice             Bk loan Ratings       ICRA B/      100
Mill (Veeravasaram)                                           ICRA A4
Issuer Not Cooperating
Thomas Cook (India) Ltd                 NCD Programme         ICRA AA      1000    Withdrawn
Thomas Cook (India) Ltd                 NCD Programme         ICRA AA      1000    Outstanding
Triguna Hospitality Ventures            Issuer Rating         ICRA BBB     -       Assigned
(India) Pvt Ltd
Ujjivan Small Finance Bank              PTC Series A2         ICRA BBB     60.3    Withdrawn
Ltd- Hodor Ifmr Capital 2016                                  (SO)
United Coke Pvt Ltd                     Fund basedCC          ICRA B+      -
Rating continues to remain under ‘Issuer Not Cooperating’ category

--------------------------------------------------------------------------------------------
$: 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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