April 4, 2018 / 11:54 AM / 14 days ago

RPT-ICRA ratings for Indian debt instruments-Apr 4

 (Repeating to add more ratings.)
    Apr 4 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of April 3, 2018.


COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Aruppukottai Shri Ramalinga             ST: FBL               ICRA A4      150     Reaffirmed
Spinners Pvt Ltd
Azad Impex Pvt Ltd                      Non-FBL               ICRA A4      380     -
ISSUER NOT COOPERATING
Betterman Engineers Pvt Ltd             Non-Fund Based –BG    ICRA A4      100     Reaffirmed
Giriraj Timber Pvt Ltd                  Non-FBL               ICRA A4      420     -
ISSUER NOT COOPERATING
Jm Financial Institutional              ST Bk lines           ICRA A1+     1000    Assigned
Securities Ltd (Formerly Known
As Jm Financial Securities Ltd)
Mahindra Tsubaki Conveyor               Non-fund              ICRA A1+     231.7   Reaffirmed
Systems Pvt Ltd                         based-Working Capital
                                        Fac
Ruttonsha International                 BG                    ICRA A4+     10      Reaffirmed
Rectifier Ltd
Ruttonsha International                 LOC                   ICRA A4+     1       Reaffirmed
Rectifier Ltd
Sharu Steels (P) Ltd.                   LOC                   ICRA A4      170     -
ISSUER NOT COOPERATING
Shree Krishna Paper Mills Amp;          ST non-fund Fac       ICRA A4      120     Reaffirmed
Industries Ltd
Taurus Packaging Pvt Ltd                NFBLBG                ICRA A4      15      -
ISSUER NOT COOPERATING
Ethos Ltd                               Non Fund based – BG   ICRA A3+     53.5    Reaffirmed
                                        Fixed Deposits
Tvs Infrastructure Pvt Ltd              FB Fac                ICRA A1      200     Assigned
Veto Electropowers (India) Pvt          Non-Fund- based LimitsICRA A4+     70      Reaffirmed
Ltd

MEDIUM TERM RATINGS:
-------------------
Ethos Ltd                               FD                    MA-          220     outstanding
        
    
LONG TERM RATINGS:
-------------------
Aasan Corporate Solutions Pvt           NCDs (NCDs)           ICRA         21500   Outstanding
Ltd                                                           AA-(SO)
Aasan Corporate Solutions Pvt           TL -                  ICRA BBB     4500    Assigned
Ltd
Aasan Corporate Solutions Pvt           TL – Lease Rental     ICRA         4000    Outstanding
Ltd                                     Discounting     (LRD) BBB(SO)
Aasan Corporate Solutions Pvt           TL – Loan Against     ICRA         1000    Outstanding
Ltd                                     Property     (LAP)    BBB(SO)
Aasan Corporate Solutions Pvt           NCDs (NCDs)           Provisional  4000    Outstanding
Ltd                                                           ICRA AA-(SO)
Agastya Realty Pvt Ltd                  NCDs                  Provisional  2700    Assigned
                                                              ICRA AA(SO)
Aruppukottai Shri Ramalinga             LT: FBL               ICRA B       230     Reaffirmed
Spinners Pvt Ltd
Aruppukottai Shri Ramalinga             LT: TL                ICRA B       30.2    Reaffirmed
Spinners Pvt Ltd
Aruppukottai Shri Ramalinga             LT: Loans             ICRA B       27      Reaffirmed
Spinners Pvt Ltd                        (Unallocated)
Aruppukottai Shri Ramalinga             ST: Non-FBL           ICRA B       10.9    Reaffirmed
Spinners Pvt Ltd
Azad Impex Pvt Ltd                      FB Limits             ICRA BB      40      -
ISSUER NOT COOPERATING
Betterman Engineers Pvt Ltd             Fund Based- CC        ICRA B       60      Reaffirmed
Chhapra Hajipur Expressways Ltd         Fund based- TL        ICRA D       9338.2  Reaffirmed
Chhapra Hajipur Expressways Ltd         Unallocated Limits    ICRA D       1.7     Reaffirmed
Elite Shelters                          Fund based- Working   ICRA B+      165     Assigned
                                        capital Fac
Elite Shelters                          Fund based – LT       ICRA B+      185     Assigned
                                        unallocated Amount
                                        (Rs. Crore)
Giriraj Timber Pvt Ltd                  FB Limits             ICRA BB      40      -
ISSUER NOT COOPERATING
Green Infra Wind Energy Ltd             Fund based - OverdraftICRA AA-(SO) 2000    Assigned
Green Infra Wind Energy Ltd             Non fund based - BG   Provisional  2000    Assigned
                                                              ICRA
                                                              AA-(SO)/Provisional ICRA A1+(SO)
Il&Fs Solar Power Ltd                   TL                    ICRA A-     450     Assigned
                                                              (SO)
Il&Fs Solar Power Ltd                   NCD Programme         ICRA A-     1500    Outstanding
                                                              (SO)
Il&Fs Solar Power Ltd                   NCD Programme         ICRA A+     2100    Outstanding
                                                              (SO)
Javi Home Pvt Ltd                       Interchangeable#      ICRA BB-/A4         -
ISSUER NOT COOPERATING. #working capital limits include various sublimit
Javi Home Pvt Ltd                       FB Working Capital    ICRA BB-     250     -
ISSUER NOT COOPERATING
Javi Home Pvt Ltd                       FB TL                 ICRA BB-     550     -
ISSUER NOT COOPERATING
Kosi Bridge Infrastructure Co.          Fund based - TL       ICRA AA      2960    Outstanding
Ltd
Kosi Bridge Infrastructure Co.          NCD Programme         Provisional  2900    -
Ltd                                                           ICRA
                                                              AAA(SO)
Lakshmidurga Textiles Pvt Ltd           Fund based-CC         ICRA B+      105     Reaffirmed
Lakshmidurga Textiles Pvt Ltd           Fund based - TL       ICRA B+      15      Reaffirmed
Lakshmidurga Textiles Pvt Ltd           Unallocated Limits    ICRA B+      5       Reaffirmed
Mahindra Tsubaki Conveyor               Fund based- Working   ICRA A+      85      Reaffirmed
Systems Pvt Ltd                         Capital Fac     
Malankara Plantations Ltd               LT, FB Fac            ICRA BB+     155     Reaffirmed
Removed from ‘Issuer Not Cooperating’ category
Neelam Hospital                         Fund- based- TL       ICRA BB      190     Upgraded
                                                                                   from ICRA BB-
Nish Developers Pvt Ltd                 LT – TL               ICRA BBB+    1800    Outstanding
Nish Developers Pvt Ltd                 NCD Programme         ICRA BBB+    2257.5  Assigned
Om Threads Ltd                          Fund based- CC        ICRA BB-     20      -
ISSUER NOT COOPERATING
Om Threads Ltd                          Fund based-TL         ICRA BB-     115     -
ISSUER NOT COOPERATING
Om Threads Ltd                          NFBLBG                ICRA BB-     3.5     -
ISSUER NOT COOPERATING
Oriental Bank Of Commerce               Basel III compliant   ICRA A       -       Withdrawn
                                        Tier –I Bonds         (hyb)
Oriental Bank Of Commerce               Basel III compliant   ICRA A       -       Withdrawn
                                        Tier –I Bonds         (hyb)
Oriental Bank Of Commerce               Basel II compliant    ICRA A+      5000    Outstanding
                                        Upper Tier II Bonds
Oriental Bank Of Commerce               Basel II compliant    ICRA AA-     12000   Outstanding
                                        Lower Tier II Bonds
Oriental Bank Of Commerce               Basel III compliant   ICRA AA-     30000   Outstanding
                                        Tier II Bonds         (hyb)
Padmaja Farms                           FBL- CC               ICRA B+      69.5    Reaffirmed
Padmaja Farms                           Unallocated limits    ICRA B+      30.5    Reaffirmed
Royal Beverages Pvt. Ltd.               Working Capital LimitsICRA BB      -       -
Ruttonsha International                 CC                    ICRA BB+     80      Reaffirmed
Rectifier Ltd
Ruttonsha International                 Unallocated amount    ICRA BB+ /   9       Reaffirmed
Rectifier Ltd                                                 ICRA A4+
Sai Global Yarntex (India) Pvt          Fund based- CC        ICRA B+      228     Reaffirmed
Ltd
Sai Global Yarntex (India) Pvt          Fund based- TL        ICRA B+      59      Reaffirmed
Ltd
Sai Global Yarntex (India) Pvt          Unallocated           ICRA B+      110.3   Reaffirmed
Ltd                                                           /ICRA A4
Sharu Steels (P) Ltd.                   TL                    ICRA B+      4.8     -
ISSUER NOT COOPERATING
Sharu Steels (P) Ltd.                   CC                    ICRA B+      170     -
ISSUER NOT COOPERATING
Sharu Steels (P) Ltd.                   LT/ ST InterchangeableICRA B+/A4   -80     -
ISSUER NOT COOPERATING
Shree Krishna Paper Mills &             LT FB Fac             ICRA BB-     250     Reaffirmed
Industries Ltd
Shree Krishna Paper Mills &             Cumulative redeemable ICRA BB-     0       Withdrawn
Industries Ltd                          PS
Shri Hari Group                         TL*                   ICRA BB-     100     Assigned
*yet to be sanctioned
Spacetech Equipments &                  Fund based - Working  ICRA D       17.5    -
Structurals Pvt Ltd                     capital
ISSUER NOT COOPERATING
Spacetech Equipments &                  Non-fund based – BG/  ICRA D       42      -
Structurals Pvt Ltd                     LOC
ISSUER NOT COOPERATING
Spacetech Equipments &                  Unallocated limits    ICRA D/      0.5     -
Structurals Pvt Ltd                                           ICRA D
ISSUER NOT COOPERATING
Sri Lakshmi Poultry Complex             FBL                   ICRA B+      355     Reaffirmed
Pvt Ltd
Sri Lakshmi Poultry Complex             Unallocated limits    ICRA B+ /    45      Reaffirmed
Pvt Ltd                                                       ICRA A4
Taurus Packaging Pvt Ltd                Fund based- CC        ICRA BB      65      -
ISSUER NOT COOPERATING
Taurus Packaging Pvt Ltd                Fund based-TL         ICRA BB      16      -
ISSUER NOT COOPERATING
Taurus Packaging Pvt Ltd                Unallocated Limits    ICRA BB/A4   4       -
ISSUER NOT COOPERATING
Thermoset Poly Products (I)             Fund based - CC       ICRA B       -       -
Pvt. Ltd.
ISSUER NOT COOPERATING
Wadhawan Realty Pvt Ltd                 NCDs                  Provisional  3400    Assigned
                                                              ICRA AA(SO)
    
Ethos Ltd                               Fund based – CC       ICRA BBB     560     Reaffirmed
Ethos Ltd                               Fund based – TL       ICRA BBB     36.5    Reaffirmed
K.P.R. Agros Poultries Pvt Ltd          FBL                   ICRA B+      145     Reaffirmed
K.P.R. Agros Poultries Pvt Ltd          Unallocated limits    ICRA B+      55      Reaffirmed
Nspr Constructions (India)              Fund based – WC Fac   ICRA BBB     85      Reaffirmed
Pvt. Ltd
Outlook revised from Stable
Nspr Constructions (India)              Non Fund Based – BG   ICRA BBB /   765     Reaffirmed
Pvt. Ltd                                                      ICRA A3+
Outlook revised from Stable
Nspr Constructions (India)              Unallocated Limits    ICRA BBB /   500     Reaffirmed
Pvt. Ltd                                                      ICRA A3+
Outlook revised from Stable
Satya Microcapital Ltd.                 PTC Series A1         Provisional  139     Assigned
                                                              ICRA A(SO)
Satya Microcapital Ltd.                 PTC Series A3         Provisional  9.9     Assigned
                                                              ICRA
                                                              BBB-(SO)
Satya Microcapital Ltd.                 PTC Series A2         Provisional  31.8    Assigned
                                                              ICRA
                                                              BBB+(SO)
Shraman Strips Pvt Ltd                  CC                    ICRA B       90      re-affirmed
Shraman Strips Pvt Ltd                  Standby Line of CreditICRA B       9       re-affirmed
Shraman Strips Pvt Ltd                  TL                    ICRA B       20      re-affirmed
Shraman Strips Pvt Ltd                  Unallocated           ICRA B       41      re-affirmed
Tvs Infrastructure Pvt Ltd              TL                    ICRA A       6650    outstanding
Tvs Infrastructure Pvt Ltd              FB Fac                ICRA A       150     outstanding
Veto Electropowers (India) Pvt          Fund- based- Working  ICRA BB+     115     Reaffirmed
Ltd                                     Capital Fac      
--------------------------------------------------------------------------------------------
$: 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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