April 26, 2019 / 11:12 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, 2019.


COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Ankur Udyog Ltd                         ST – Non-fund Based   ICRA A2+     7       Reaffirmed
Baijnath Melaram                        ST Non-FBL            ICRA A4+     1000    Reaffirmed
Dayal Steels Ltd                        Non-Fund based-LOC    ICRA A4      8
Rating continues to remain under ‘Issuer not cooperating’ category
Dayal Steels Ltd                        Non-Fund based- BG#   ICRA A4      23.8
Rating continues to remain under ‘Issuer not cooperating’ category; #interchangeable with LC one
way only
Embee Ferro Alloy Pvt Ltd               Non-Fund based-LOC    ICRA A4      15
Rating continues to remain under ‘Issuer not cooperating’ category
Embee Ferro Alloy Pvt Ltd               Non-Fund based-BG     ICRA A4      15
Rating continues to remain under ‘Issuer not cooperating’ category
Itarsi Oils & Flours Pvt Ltd            Non-fund Based        ICRA A3+     50
Issuer not cooperating
Kalthia Bhavnagar Pipli                 Non-FB limits#        ICRA A2      -       Assigned
Highway Pvt. Ltd.
# interchangeable with term loan
Ksb Mil Controls Ltd                    ST FB                 ICRA A1+     50      outstanding
Ksb Mil Controls Ltd                    ST non-fund based     ICRA A1+     50      outstanding
Ksb Mil Controls Ltd                    ST FB/non-fund based  ICRA A1+     150     Assigned
Northern Arc Investment                 Fund Manager Quality  AMC Quality  -
Managers Pvt Ltd                        Rating                2
Review process is underway
Platinum Polymers Pvt Ltd               ST: NFBL              ICRA A4      7.5
Continues to remain under ‘Issuer not cooperating’ category
Renewsys India Pvt. Ltd.                Non-Fund based -      ICRA A4+     100
                                        Working Capital Fac
Issuer delayed in giving information
Rud India Chain Pvt Ltd                 ST: NFBL              ICRA A4      60
Ratings moved to ‘Issuer not cooperating’ category
Shabnam Petrofils Pvt Ltd               Non-fund based        ICRA A4      2.3
Review process is underway
Suresh Exports                          FBL                   ICRA A4      85
Issuer not cooperating
Suresh Exports                          Non-fund based        ICRA A4      44
Issuer not cooperating
UTI Asset Management Co. Ltd            UTI Overnight Fund    ICRA A1+mfs  -       Reaffirmed
UTI Asset Management Co. Ltd            UTI Liquid Cash Plan  ICRA A1+mfs  -       Reaffirmed
UTI Asset Management Co. Ltd            UTI FIIF Quarterly    ICRA A1+mfs  -       Reaffirmed
                                        Interval Plan -
                                        Series VI
Regen Powertech Pvt Ltd                 Fund Based Bk Limits  ICRA D       500     -
                                        (ST)
Issuer not cooperating

LONG TERM RATINGS:
-------------------
Aceto Chem Pvt Ltd                      Bk Loan Rating        ICRA BB+ /   118.8
                                                              ICRA A4+
Surveillance process is underway
Anishka Developers Pvt Ltd              Fund based- TL        ICRA BB-     400
Issuer not cooperating
Ankur Udyog Ltd                         LT - FB – TL          ICRA BBB+    143     Reaffirmed
Asansol Polyfabs Pvt Ltd                Bk Fac                ICRA BBB-    100
                                                              /A3
Issuer not cooperating
Badepally Municipality                  Issuer Rating         ICRA B+      -
Issuer not cooperating
Baijnath Melaram                        LT FB Limit^          ICRA BB      200     Reaffirmed
^Sublimit of short-term non-fund based limit
Bda Healthcare Pvt Ltd                  Fund based – TL       ICRA B       165
Non- Cooperation Cooperation ; Issuer not cooperating
Bda Healthcare Pvt Ltd                  Fund based working    ICRA B       5
                                        capital Fac
Non- Cooperation Cooperation ; Issuer not cooperating
Chhattisgarh Hydro Power Llp            Issuer Rating         ICRA BBB     -       Assigned
(Formerly Chhattisgarh Hydro
Power (P) Ltd.)
Cosmo Durables Pvt. Ltd.                CC Name of the rated  ICRA BB      70      Assigned
                                        entity
Dayal Steels Ltd                        Fund based-CC         ICRA B+      68.2
Rating continues to remain under ‘Issuer not cooperating’ category
Embee Ferro Alloy Pvt Ltd               Fund based-TL         ICRA B       158
Rating continues to remain under ‘Issuer not cooperating’ category
Embee Ferro Alloy Pvt Ltd               Fund based-CC         ICRA B       45
Rating continues to remain under ‘Issuer not cooperating’ category
Hariom Polypacks Ltd                    Bk Fac                ICRA BBB-    190
                                                              /A3
Issuer not cooperating
Icici Prudential Life                   CPA rating            iAAA         -       Reaffirmed
Insurance Co. Ltd
Itarsi Oils & Flours Pvt Ltd            TL                    ICRA BBB     40
Issuer not cooperating
Itarsi Oils & Flours Pvt Ltd            Unallocated – LT      ICRA BBB     16.3
Issuer not cooperating
Itarsi Oils & Flours Pvt Ltd            FBL -CC               ICRA BBB     1450
                                                              /A3+
Issuer not cooperating
Kalthia Bhavnagar Pipli                 FB –TL                ICRA BBB+    3690    Assigned
Highway Pvt. Ltd.
Kiara Jewellery Pvt. Ltd.               Fund                  ICRA B/ICRA  80
                                        based-Preshipment     A4
                                        Limit
Rating continues to remain under ‘Issuer not cooperating’ category
Kiara Jewellery Pvt. Ltd.               Fund based-           ICRA B/ICRA  60
                                        Postshipment Limit    A4
Rating continues to remain under ‘Issuer not cooperating’ category
Klr Industries Ltd                      Bk loan ratings       ICRA D       410
Issuer not cooperating
Ksb Mil Controls Ltd                    LT FB                 ICRA AA      50      outstanding
Ksb Mil Controls Ltd                    LT non-fund based     ICRA AA      500     outstanding
Ksk Mahanadi Power Co. Ltd              FB – TL               ICRA D       129520
Issuer not cooperating
Ksk Mahanadi Power Co. Ltd              FB – CC               ICRA D       11200
Issuer not cooperating
Ksk Mahanadi Power Co. Ltd              Non-FB facility       ICRA D       8570
Issuer not cooperating
Ksk Mahanadi Power Co. Ltd              Non-FB facility       ICRA D /     7730
                                                              ICRA D
Issuer not cooperating
Nu-Chem Oils Pvt. Ltd.                  LT / ST – Fund Based  ICRA BBB+ /  200     Assigned
                                                              ICRA A2
Padigela Ginning Industries             FBL- CC               ICRA B+      75
Issuer not cooperating
Padigela Ginning Industries             Fund based – TL       ICRA B+      1
Issuer not cooperating
Padigela Ginning Industries             Unallocated Limits    ICRA B+      44
Issuer not cooperating
Partap Cotex Pvt Ltd                    LT / ST – Fund Based  ICRA BBB+ /  230     Assigned
                                                              ICRA A2
Partap Spintex Pvt Ltd                  LT / ST – Fund Based  ICRA BBB+ /  883.6   Reaffirmed
                                                              ICRA A2
Partap Spintex Pvt Ltd                  LT / ST – Nonfund     ICRA BBB+ /  16.4    Reaffirmed
                                        Based                 ICRA A2
Platinum Polymers Pvt Ltd               LT: Fund based – CC   ICRA B+      40
Continues to remain under ‘Issuer not cooperating’ category
Platinum Polymers Pvt Ltd               LT: Fund based – TL   ICRA B+      1.5
Continues to remain under ‘Issuer not cooperating’ category
Platinum Polymers Pvt Ltd               LT: Unallocated limitsICRA B+      2.4
Continues to remain under ‘Issuer not cooperating’ category
Pragati Glass Pvt Ltd                   FB-TL                 ICRA D       40
Rating continues to remain under ‘Issuer not cooperating’ category
Pragati Glass Pvt Ltd                   FB-CC                 ICRA D       175
Rating continues to remain under ‘Issuer not cooperating’ category
Pragati Glass Pvt Ltd                   Non-FBL               ICRA D       40
Rating continues to remain under ‘Issuer not cooperating’ category
Rama Cotspin Pvt Ltd                    LT / ST – Fund Based  ICRA BBB+ /  200
                                                              ICRA A2
Upgraded from ICRA BBB- /ICRA A3
Renewsys India Pvt. Ltd.                Fund based - TL       ICRA BB+     278.1
Issuer delayed in giving information
Renewsys India Pvt. Ltd.                Fund based - Working  ICRA BB+     100
                                        Capital Fac
Issuer delayed in giving information
Renewsys India Pvt. Ltd.                Unallocated           ICRA BB+ /   521.9
                                                              ICRA A4+
Issuer delayed in giving information
Rud India Chain Pvt Ltd                 LT: Fund based – CC   ICRA BB-     75
Ratings moved to ‘Issuer not cooperating’ category
Rud India Chain Pvt Ltd                 LT: Fund based – TL   ICRA BB-     13.3
Ratings moved to ‘Issuer not cooperating’ category
Sai Engineering Foundation              CC                    ICRA B+      350
Rating continues to remain in the ‘Issuer not cooperating’ category
Saravana Buildwell Pvt Ltd              LT- TL                ICRA D       100
Rating continues to remain in the ‘Issuer not cooperating’ category
Shabnam Petrofils Pvt Ltd               Fund based- CC        ICRA BB      80
Review process is underway
Shabnam Petrofils Pvt Ltd               Fund based- TL        ICRA BB      53.1
Review process is underway
Shabnam Petrofils Pvt Ltd               Unallocated           ICRA BB /A4  56.9
Review process is underway
Shri Maa Polyfabs Ltd                   Bk Fac                ICRA BBB-    610
                                                              /A3
Sri Mvr Cotton Oil Mills Pvt            FBL- CC               ICRA B       160
Ltd
Issuer not cooperating
Sri Mvr Cotton Oil Mills Pvt            Unallocated Limits    ICRA B       8
Ltd
Issuer not cooperating
Ss Indus Solar Energy Pvt Ltd           FBL- TL               ICRA BB+     65
Issuer not cooperating
Suresh Exports                          CC                    ICRA B       9
Issuer not cooperating
Suresh Exports                          Unallocated Limits    ICRA B       62
                                                              /ICRA A4
Issuer not cooperating
Surya International                     CC                    ICRA BB      160     Assigned
UTI Asset Management Co. Ltd            UTI Ultra ST Fund     ICRA AAAmfs  -       Reaffirmed
UTI Asset Management Co. Ltd            UTI Capital           ICRA         -       outstanding
                                        Protection Oriented   AAAmfs(SO)
                                        Scheme Series X - Plan 2
UTI Asset Management Co. Ltd            UTI Capital           ICRA         -       outstanding
                                        Protection Oriented   AAAmfs(SO)
                                        Scheme Series IX - Plan 1
UTI Asset Management Co. Ltd            UTI Capital           ICRA         -       outstanding
                                        Protection Oriented   AAAmfs(SO)
                                        Scheme Series IX - Plan 2
UTI Asset Management Co. Ltd            UTI Capital           ICRA         -       outstanding
                                        Protection Oriented   AAAmfs(SO)
                                        Scheme Series IX - Plan 3
UTI Asset Management Co. Ltd            UTI Bking and PSU     ICRA AAAmfs@ -       Reaffirmed
                                        Debt Fund
@Under rating watch with negative implications
UTI Asset Management Co. Ltd            UTI Treasury          ICRA AAmfs   -
                                        Advantage Fund
rating downgraded from ICRA AAAmfs
UTI Asset Management Co. Ltd            UTI Bond Fund         ICRA AA-mfs@ -
rating downgraded from ICRA AAAmfs@; '@Under rating watch with negative implications
UTI Asset Management Co. Ltd            UTI Dynamic Bond Fund ICRA AA-mfs@ -
rating downgraded from ICRA AAAmfs@; '@Under rating watch with negative implications
Regen Powertech Pvt Ltd                 TL                    ICRA D       250     -
Issuer not cooperating
Polaris Liquor Pvt Ltd                  Bk Loan Rating        ICRA BB      325     -
Issuer not cooperating
Regen Powertech Pvt Ltd                 External commercial   ICRA D       -       -
                                        borrowings
Issuer not cooperating
Regen Powertech Pvt Ltd                 Fund Based Bk Limits  ICRA D       3500    -
                                        (LT)
Issuer not cooperating
Regen Powertech Pvt Ltd                 Non-Fund Based Bk     ICRA D       15300   -
                                        Limits (Shortterm)
Issuer not cooperating
--------------------------------------------------------------------------------------------
$: 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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