April 27, 2018 / 11:15 AM / 3 months ago

RPT-ICRA ratings for Indian debt instruments-Apr 27

 (Repeating to add more ratings)
    Apr 27 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of April 26, 2018.


COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Cholamandalam Investment And            CP                    ICRA A1+     60000   Reaffirmed
Finance Co. Ltd
Flexi Caps & Polymers Pvt Ltd           Non-FBL               ICRA A4      80      Assigned/
                                                                                   outstanding
Gress Ceramica Pvt Ltd                  Non-FBL               ICRA A4      10
(Issuer Not Cooperating)
Jaina Marketing & Associates            ST Non- FBL           ICRA A2+     6280
Review process is underway
Jaina Marketing & Associates            ST Unallocated        ICRA A2+     720
Review process is underway
Jaina Mobile India Pvt Ltd              ST Non- FBL           ICRA A2+     200
Review process is underway
Jaina Mobile India Pvt Ltd              ST Unallocated        ICRA A2+     50
Review process is underway
Karthik Roofings                        ST-Non Fund based Fac ICRA D       38.3
(Issuer Not Cooperating)
Karthik Roofings                        ST-Non Fund based Fac ICRA D       27.7
(Issuer Not Cooperating)
Maheshwari Coal Benefication &          Non-fund based – BG   ICRA A4      20
Infrastructure Pvt Ltd
(Issuer Not Cooperating)
M.M. Brothers                           Non-FBL               ICRA A4      350
(Issuer Not Cooperating)
North Delhi Metro Mall Pvt Ltd          Non-FBL               ICRA A4      200
Info and fee not provided
Pratibha Constructions                  ST – Non fund based   ICRA A4      250
Engineers & Contractors
(India) Pvt Ltd
(Issuer Not Cooperating)
Rolex Lanolin Products Ltd              Non-fund based-Letter ICRA A4      2.5     Withdrawn
                                        of Guarantee
(Issuer Not Cooperating)
Sainor Pharma Pvt Ltd                   Fund based – Export   ICRA A4      20      Withdrawn
                                        Packing Credit
Sainor Pharma Pvt Ltd                   Non-fund based – LOC  ICRA A4      20      Withdrawn
Sundaram Hydraulics Ltd                 ST Fund based         ICRA A3      30      Reaffirmed
Sundaram Hydraulics Ltd                 ST Fund based Sublimit-            -       -
The Gowthami Solvent Oils Ltd           Non-FB Fac            ICRA A4+     40      Withdrawn
(Issuer Not Cooperating)
V Star Creations Pvt Ltd                ST Fund based         ICRA A2      11      Withdrawn
V Star Creations Pvt Ltd                ST Non-FBL            ICRA A2      0.5     Withdrawn
Waaree Energies Ltd                     Non-FBL               ICRA A4+     650     Assigned
Wohr Parking Systems Pvt Ltd            ST – Non Fund 9 Based ICRA A4+     90      Reaffirmed
removed from ‘(Issuer Not Cooperating)’ category

LONG TERM RATINGS:
-------------------
4 Genius Minds                          FB                    ICRA D       450     Downgraded
                                                                                   from ICRA BB
rating continues to remain in the ‘(Issuer Not Cooperating)’ category
4 Genius Minds                          Unallocated           ICRA D       200     Downgraded
                                                                                   from ICRA BB
rating continues to remain in the ‘(Issuer Not Cooperating)’ category
Atibir Industries Co. Ltd               Bk Fac                ICRA         4800
                                                              BBB/ICRA A3+
Review process is underway
Aye Finance (P) Ltd.                    NCD Programme         ICRA BBB     235     Assigned
Aye Finance (P) Ltd.                    NCD Programme         ICRA BBB     2318    Upgraded
                                                                                   from ICRA
                                                                                   BBB-
Aye Finance (P) Ltd.                    Fund based-TL         ICRA BBB     556     Upgraded
                                                                                   from ICRA
                                                                                   BBB-
Bansal Foods (India)                    LT Fund based/CC      ICRA B+      45      
(Issuer Not Cooperating)   
Bansal Foods (India)                    LT Fund based/TL LT – ICRA B+      45      
(Issuer Not Cooperating)                  TL                                         
Cashpor Micro Credit                    NCD                   ICRA BBB-    -       Withdrawn
Cholamandalam Investment And            Long-TL from Bks      ICRA AA+     102136.6Upgraded
Finance Co. Ltd                         8908.66                                    from ICRA AA
Cholamandalam Investment And            Sub-limit - Non-FBL   ICRA AA+     1000    Upgraded
Finance Co. Ltd                         from Bks^                                  from ICRA AA
^ Sub-limit of Rs. 100.00-crore working capital facilities, included as part of the rated Rs.
4,000.00-crore fund based facilities from banks
Cholamandalam Investment And            NCDs!                 ICRA AA+     129682  Upgraded
Finance Co. Ltd                                                                    from ICRA AA
! Non-convertible debenture and subordinated debenture outstanding as on August 16, 2017
Cholamandalam Investment And            Subordinated          ICRA AA+     22950   Upgraded
Finance Co. Ltd                         Debentures!                                from ICRA AA
! Non-convertible debenture and subordinated debenture outstanding as on August 16, 2017
Cholamandalam Investment And            FB Fac from Bks#      ICRA         40000   Upgraded
Finance Co. Ltd                                               AA+/ICRA A1+         from ICRA AA
                                                                                   /Reaffirmed
# Rs. 4,000.00-crore fund-based limits are interchangeable between cash credit and short-term
working capital facilities (rated       A1+), subject to total utilisation not exceeding Rs.
4,000.00 crore.
Flexi Caps & Polymers Pvt Ltd           FB limits             ICRA BB-     196.2   outstanding
Flexi Caps & Polymers Pvt Ltd           Unallocated           ICRA BB-     6.5     Assigned
Goa Sponge & Power Ltd                  BLR                   ICRA D/ICRA  1208.3
(Issuer Not Cooperating)                                        D
Gress Ceramica Pvt Ltd                  FB Limits             ICRA B-      63.6
(Issuer Not Cooperating)
Gress Ceramica Pvt Ltd                  Unallocated Limits    ICRA B- /A4  18.9
(Issuer Not Cooperating)
J Matadee Free Trade Zone Pvt           LT – FB               ICRA BB+     160
Ltd
(Issuer Not Cooperating)
Jaina Marketing & Associates            LT FBL                ICRA A-      1250
Review process is underway
Jaina Marketing & Associates            Unallocated limits    ICRA A-      750
Review process is underway
Jaina Mobile India Pvt Ltd              LT FBL                ICRA A-      200
Review process is underway
Jaina Mobile India Pvt Ltd              Unallocated limits    ICRA A-      150
Review process is underway
Jkr Enterprise Ltd                      TL                    ICRA BB      500
Review process is underway
Karthik Roofings                        LT – TL               ICRA D       41.7
(Issuer Not Cooperating)
Karthik Roofings                        LT – Cash Credit      ICRA D       20
(Issuer Not Cooperating)
Karthik Roofings                        LT – TL               ICRA D       17.3
(Issuer Not Cooperating)
Karthik Roofings                        LT – Cash Credit      ICRA D       55
(Issuer Not Cooperating)
Laxmi Balaji Industries                 CC                    ICRA B+      125
(Issuer Not Cooperating)
Laxmi Balaji Industries                 TL                    ICRA B+      3.9
(Issuer Not Cooperating)
Laxmi Balaji Industries                 Unallocated Limits    ICRA B+      41.1
(Issuer Not Cooperating)
Lohia Jain Housing Company Llp          FB facility           ICRA BB      500     Reaffirmed
Lohia Jain Housing Company Llp          Unallocated           ICRA BB      300     Reaffirmed
Maheshwari Coal Benefication &          Fund based – TL       ICRA B       24.6
Infrastructure Pvt Ltd
(Issuer Not Cooperating)
Maheshwari Coal Benefication &          Fund based – CC       ICRA B       60
Infrastructure Pvt Ltd
(Issuer Not Cooperating)
M.M. Brothers                           CC                    ICRA BB-     50
(Issuer Not Cooperating)
Mittal Clothing Company                 LT – Working Capital  ICRA BB+     200     Assigned
                                        Fac
Mittal Clothing Company                 LT / ST - Unallocated ICRA         5.1     Assigned
                                                              BB+/ICRA A4+
Mumbai Nashik Expressway Pvt            Fund based-TL         ICRA         4449.3  Upgraded
Ltd                                                           AA-(SO)              from ICRA
                                                                                   A+(SO)
Pratibha Constructions                  LT – Fund based / CC  ICRA C-      247.7   Downgraded
Engineers & Contractors                                                            from ICRA C+
(India) Pvt Ltd
(Issuer Not Cooperating)
Pratibha Constructions                  LT / ST – Unallocated ICRA C-/A4   652.3   Downgraded
Engineers & Contractors                                                            from ICRA
(India) Pvt Ltd                                                                    C+/ICRA A4
(Issuer Not Cooperating)
Pushpak Bullions Pvt. Ltd.              LT-FBL                ICRA D       1400
(Issuer Not Cooperating)
Pushpak Bullions Pvt. Ltd.              LT-unallocated limits ICRA D       100
(Issuer Not Cooperating)
Raipur Bottling Co.                     Fund based – CC       ICRA B+      100
(Issuer Not Cooperating)
Ramakrishna Housing (P) Ltd             Fund based - TL       ICRA BBB-    2050    Reaffirmed
R. S. Motors Pvt Ltd                    LT Fund based /CC     ICRA BB      -       -
(Issuer Not Cooperating)
Rajapushpa Properties Pvt Ltd           Bk loan Ratings       ICRA BB+     850
Review process is underway
Rolex Lanolin Products Ltd              Fund based-TL         ICRA B       55.6    Withdrawn
(Issuer Not Cooperating)
Rolex Lanolin Products Ltd              Fund based- CC        ICRA B       49.5    Withdrawn
(Issuer Not Cooperating)
Rolex Lanolin Products Ltd              Unallocated amount    ICRA B/ICRA  30.9    Withdrawn
                                                              A4
(Issuer Not Cooperating)
Rose Gems                               LT/ST FB limits       ICRA         240     Upgraded
                                                              BB+/ICRA A4+         from ICRA
                                                                                   BB/Reaffirmed
Rsv Hospital Pvt Ltd                    FBL –Term Loan        ICRA BB      66.8
(Issuer Not Cooperating)
Rsv Hospital Pvt Ltd                    FBL –CC               ICRA BB      7.5
(Issuer Not Cooperating)
Rsv Hospital Pvt Ltd                    FBL – Unallocated     ICRA BB      0.2
                                        Limit
(Issuer Not Cooperating)
Rukmini Educational Charitable          Fund based-TL         ICRA BB+     1115.7  Revised from
Trust                                                                              ICRA BB
Rukmini Educational Charitable          Fund based-Working    ICRA BB+     100     Revised from
Trust                                   Capital                                    ICRA BB
Rukmini Educational Charitable          Unallocated           ICRA BB+     34.3    Revised from
Trust                                                                              ICRA BB
Saisons Trade & Industry Pvt            NCD                   ICRA B+      200
Ltd(Erstwhile Saisons
Technocom Pvt Ltd)
Issuer delayed in giving information
Sainor Pharma Pvt Ltd                   Fund based- CC        ICRA B+      36      Withdrawn
Sainor Pharma Pvt Ltd                   Fund based – TL       ICRA B+      19      Withdrawn
Sainor Pharma Pvt Ltd                   Unallocated Limits    ICRA B+      25      Withdrawn
Srinidhi Real Estate And                Bk loan Ratings       ICRA B       -
Constructions
ISSUER NOT CO-OPERATING
Sfo Technologies Pvt Ltd                Bk loan ratings       ICRA         3000
                                                              BBB+/ICRA
                                                              A2+
(Issuer Not Cooperating)
Sundaram Hydraulics Ltd                 LT Fund based CC      ICRA BBB-    40      Reaffirmed
Sundaram Hydraulics Ltd                 LT Fund based TL      ICRA BBB-    210     Reaffirmed
Sundaram Hydraulics Ltd                 LT Fund based TL      ICRA BBB-    50      Reaffirmed
                                        proposed
Svr Motors                              FB Fac (CC)           ICRA B+      50      Withdrawn
Svr Motors                              TL LT/ST FB           ICRA B+      5       Withdrawn
                                        limits
The Gowthami Solvent Oils Ltd           Unallocated Fac       ICRA BB      20.8    Withdrawn
(Issuer Not Cooperating)
The Gowthami Solvent Oils Ltd           Fund based-CC         ICRA BB      520     Withdrawn
(Issuer Not Cooperating)
The Gowthami Solvent Oils Ltd           Fund based-TL         ICRA BB      222.4   Withdrawn
(Issuer Not Cooperating)
Tops Security Ltd                       Fund based-TL         ICRA C+      35      Withdrawn
(Issuer Not Cooperating)
Tops Security Ltd                       Fund based- CC        ICRA C+      415     Withdrawn
(Issuer Not Cooperating)
V Star Creations Pvt Ltd                LT - TL               ICRA BBB     50.9    Withdrawn
V Star Creations Pvt Ltd                LT Fund based CC      ICRA BBB     190     Withdrawn
V Star Creations Pvt Ltd                LT/ST: Unallocated    ICRA BBB     7.1     Withdrawn
                                                              /ICRA A2
Value Pharma Retail (Hyd) Pvt.          Fund Based/CC         ICRA BB      130     Reaffirmed
Ltd
Removed from ‘(Issuer Not Cooperating)’
category
Value Pharma Retail (Hyd) Pvt.          TL                    ICRA BB      25      Reaffirmed
Ltd
Removed from ‘(Issuer Not Cooperating)’
category
Waaree Energies Ltd                     CC                    ICRA BB+     350     Assigned
Wohr Parking Systems Pvt Ltd            LT – Fund Based –     ICRA BB+     10      Reaffirmed
                                        TL
Removed from ‘(Issuer Not Cooperating)’ category
Wohr Parking Systems Pvt Ltd            LT – Fund Based –     ICRA BB+     40      Reaffirmed
                                        CC
Removed from ‘(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)
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