April 6, 2018 / 2:18 PM / 13 days ago

RPT-ICRA ratings for Indian debt instruments-Apr 6

 (Repeating to add more Ratings.)
    Apr 6 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of April 5, 2018.

COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
A.M. Bhanderi                           Non FB- BG            ICRA A4+     112.5   Reaffirmed
Abhi Engineering Corporation            Non-fund based – BG   ICRA A3+     250     Reaffirmed
Pvt Ltd
Ace Designers Ltd                       ST FB Fac             ICRA A1+     300     Reaffirmed
Adoration Ceramica Pvt. Ltd             Non-fund based-BG     ICRA A4      25      Assigned
Andhra Polymers Pvt Ltd                 Fund Based – LC bill  ICRA A4+     20      Reaffirmed
                                        discounting
Andhra Polymers Pvt Ltd                 NFBL                  ICRA A4+     115     Reaffirmed
Anugraha Valve Castings Ltd             Fund based -PCFC      ICRA A2+     150     Reaffirmed
Anugraha Valve Castings Ltd             Fund based (sub-limit)ICRA A2+     -       Reaffirmed
Anugraha Valve Castings Ltd             Non-fund based        ICRA A2+     300     Reaffirmed
Asiatic Colour Chem Industries          Non-FBL               ICRA A3      230     Reaffirmed
Ltd.
Avr Overseas Pvt Ltd                    ST Non-FBL            ICRA A4+     250     Reaffirmed
Bagga Link Motors Ltd                   ST - Fund Based       ICRA]A4+     291     Reaffirmed
Bagga Link Motors Ltd                   ST – LOC              ICRA]A4+     20      Reaffirmed
Bhagawati Enterprises                   LOC                   ICRA A4      140     Reaffirmed
Bhagawati Enterprises                   External Commercial   ICRA A4              Reaffirmed
                                        Borrowing/Buyers
                                        Credit
Bhagawati Enterprises                   Inland LOC            ICRA A4              Reaffirmed
Bhagawati Enterprises                   Foreign Currency Loan ICRA A4              Reaffirmed
Bharat Agri Fert And Realty Ltd         LOCs                  ICRA A4+     150     Assigned
Canpac Trends Pvt. Ltd.                 Non-FBL               ICRA A3      76      Reaffirmed
Cibi International Pvt Ltd              Non-fund based        ICRA A4+     4       Reaffirmed
                                        facility
Corporation Bank                        CDs                   ICRA A1+     300000  Outstanding
Ddr And Company                         Non-Fund based – BG   ICRA A4+     70      Reaffirmed
Dinodia Fashion                         ST fund based         ICRA A4      60      Withdrawn
                                                                                   ISSUER NOT
                                                                                   COOPERATING
Eastern Surgical Co.                    Non Fund based- LOC   ICRA A4      15      Reaffirmed
Eastern Surgical Co.                    Fund Based- PC/FBP/FBDICRA A4      55      Reaffirmed
Ecovinal International Pvt Ltd          ST - Non-fund based   ICRA A4+     27.5    Reaffirmed
Flexi Caps Amp; Polymers Pvt            Non-FBL Unallocated   ICRA A4      51.3    Reaffirmed
Ltd
Geeco Enercon Pvt Ltd                   Non Fund Based-ST     ICRA A4      100     Reaffirmed
                                        Unallocated
Grainotch Industries Ltd                Non-fund based – LOC  ICRA A4+     20      Reaffirmed
Green Petro Fuels Llp                   Non FBL               ICRA A4      73.5    Reaffirmed
Growmore International Ltd              ST- Non Fund Based    ICRA A4      70      -
ISSUER NON COOPERATION
Gugan Knitwears Pvt Ltd                 Non-fund based        ICRA A4+     1.6     Reaffirmed
                                        facility
Haideri Timber Pvt. Ltd.                Non-fund based-LOC    ICRA A4      85      Reaffirmed
Removed from ‘issuer Noncooperating’ category
Incap Contract Manufacturing            ST – Fund Based       ICRA A2      173     Reaffirmed
Services Pvt Ltd
Irm Offshore And Marine                 BG                    ICRA A2      250     Upgraded
Engineers Pvt Ltd                                                                  from ICRA A3+
Irm Offshore And Marine                 LOC                   ICRA A2      9.5     Upgraded
Engineers Pvt Ltd                                                                  from ICRA A3+
J.R. Metal Chennai Ltd                  ST, Non-FB Fac        ICRA A4+     290     Upgraded
                                                                                   from ICRA A4
Janatha Fish Meal And Oil               ST – Non-fund based   ICRA A3+     30      Reaffirmed
Products
K2 Metals Pvt Ltd                       Non-fund based – LOCs ICRA A4      45      Outstanding
K2 Metals Pvt Ltd                       Non-fund based -      ICRA A4      -       Outstanding
                                        Buyers credit
                                        (sublimit of LC)
Kera Vitrified Llp                      Non-fund Based BG     ICRA A4      32.5    Reaffirmed
Lakshmivel Mills Pvt Ltd                Fund based facility   ICRA A4+     150     Reaffirmed
Maruti Nouveauknits Pvt Ltd             Non FBL               ICRA A4      3.5     Reaffirmed#
# Ratings removed from ‘Issuer Not Co-operating’ category
M-Bo Granito Llp                        Non-fund Based BG     ICRA A4      39.5    Reaffirmed
removed from issuer not cooperating category
Moflex Suspensions Llp                  Non Fund Based-BG     ICRA A2+     7.5     Reaffirmed
                                        0.75 0.75
Mulberry Silks Ltd                      ST: Fund based        ICRA A2      180     Reaffirmed
Mulberry Silks Ltd                      ST: Non-Fund based    ICRA A2      1       Reaffirmed
Mvr Gas                                 Non-fund based – BG   ICRA A4      26.7    Reaffirmed
                                        2.67
Removed from issuer not cooperating category
Natco Pharma Ltd                        ST Non-FBL            ICRA A1+     1100    Reaffirmed
Natco Pharma Ltd                        CP                    ICRA A1+     2000    Reaffirmed
Nezone Pipes & Structures               NFBL -LOC             ICRA A3+     80      Reaffirmed
Nezone Pipes & Structures               NFBL –BG              ICRA A3+     10      Reaffirmed
Polyplastics Decoratives Pvt            Non-FBL               ICRA A2+     122     Assigned
Ltd                                                           (SO)
Poppys Knitwear Pvt Ltd                 ST – non fund based   ICRA A4      110     Reaffirmed
Power Finance Corporation Ltd           ST borrowing          ICRA A1+     200000^ Assigned
                                        programme FY2019
^ Short-term borrowings are interchangeable with long-term borrowings, subject to
 the total borrowings in FY2019 not exceeding Rs. 57,000 crore
Power Grid Corporation Of               CP                    ICRA A1+     30000   Reaffirmed
India Ltd
Power Grid Corporation Of               ST borrowing programmeICRA A1+     21000   Reaffirmed
India Ltd
Power Grid Corporation Of               ST non-FBL            ICRA A1+     22000   Reaffirmed
India Ltd
Pradip Polyfils Pvt Ltd                 Non-FB-LOC            ICRA A4      5       Assigned
Prince Marketing                        Non-Fund based-LOC    ICRA A4      238.3   Reaffirmed
Prince Marketing                        Non-Fund              ICRA A4              Reaffirmed
                                        based-Forward Contract
Puri Construction Pvt Ltd               Non-FB Limits         ICRA A3+     726.4   Reaffirmed
Puri Construction Pvt Ltd               Proposed ST Limits    ICRA A3+     270     Reaffirmed
R.Jaykumar Amp; Company                 FB – Working Capital  ICRA A4      65      Reaffirmed
                                        Facility
R.K Amp; Sons                           ST non fund based     ICRA A4+     80      Reaffirmed
                                        facility
Radiant Indus Chem Pvt Ltd              Non-fund based-BG     ICRA A4+     4       Reaffirmed
Radiant Indus Chem Pvt Ltd              Fund based-ST         ICRA A4+     5       Reaffirmed
S. M. Steels                            Non-fund based-       ICRA A4+     295     Upgraded
                                        Import/Inland LC                           from ICRA A4
Sai-Laxmi Texofab                       Non FBL               ICRA A4      0.5     Reaffirmed
Sai-Laxmi Texofab                       Non-fund              ICRA A4              Reaffirmed
                                        based-Working Capital
                                        Facility**
**Sub-limit of Fund based- Working Capital Facility
Sangeetha Mobiles Pvt Ltd               Fund based-Working    ICRA A2      210     Upgraded
                                        Capital                                    from ICRA A3+
Sangeetha Mobiles Pvt Ltd               Fund Based/Non-Fund   ICRA A2      380     Upgraded
                                        Based Interchangeable                      from ICRA A3+
                                        Limits
Secon Pvt Ltd                           Non-FBL               ICRA A1      535     Reaffirmed
Secoora Tiles Llp                       FB – EPC/FBD/PCFC/EBR*ICRA A4              Assigned
*Sub-limit of cash credit limit
Secoora Tiles Llp                       Fund- based – Forward ICRA A4              Assigned
                                        Contract Limit*
*Sub-limit of cash credit limit
Secoora Tiles Llp                       Non-fund Based – BG   ICRA A4      15      Assigned
Shah Precicast Pvt Ltd                  NFBL                  ICRA A4      15      Reaffirmed
Shanti Integrated Textile Park          BG                    ICRA A4      40      Reaffirmed
Pvt. Ltd.
Shiva Polytubes Pvt. Ltd.               Non Fund Based#       ICRA A4+     -       Reaffirmed
# Sub-limit of the Cash Credit Lim
Shree Shankar Vijay Saw Mill            Foreign Currency Loan ICRA A4              Reaffirmed
Shree Shankar Vijay Saw Mill            Letterof Credit       ICRA A4      125     Reaffirmed
Shree Shankar Vijay Saw Mill            Inland LOC            ICRA A4              Reaffirmed
Shree Shankar Vijay Saw Mill            Letter of Comfort     ICRA A4              Reaffirmed
Shree Shankar Vijay Saw Mill            Import LOC            ICRA A4              Reaffirmed
Shri Ramalinga Mills Ltd                Non-fund              ICRA A4      155     Downgraded
                                        based-Working Capital                      from ICRA A4+
Siac Skh India Cabs                     ST: Non-fund based    ICRA A2      50      Assigned
Manufacturing Pvt Ltd
Singer India Ltd                        Non-FBL               ICRA A3+     170     Reaffirmed
Society Of Green Makers Pvt Ltd         Non-Fund based        ICRA A4+     80      Assigned
Sonkamal Enterprises Pvt Ltd            Non-FB Limits         ICRA A3      1200    Reaffirmed
Sp Textile Processors Pvt Ltd           Non-fund              ICRA A4+     2.5     Reaffirmed
                                        based-Working
                                        CapitalFac
Spectrum Auxi-Chem Pvt Ltd              Non FBL               ICRA A4      20      Reaffirmed
Spectrum Auxi-Chem Pvt Ltd              NFBL**                ICRA A4              Reaffirmed
Stock Holding Corporation Of            ST Bk Lines           ICRA A1+     22250   Reaffirmed
India Ltd
Stumpp Schuele Amp; Somappa             Non-FBL               ICRA A2      405     Reaffirmed
Springs Pvt Ltd
Sumilon Industries Ltd                  Non Fund basedBG      ICRA A4      70      Downgraded
                                                                                   from ICRA
                                                                                   ICRA A3
Sumilon Industries Ltd                  Non Fund based- LOC   ICRA A4      150     Downgraded
                                                                                   from ICRA
                                                                                   ICRA A3
Sumilon Polyester Ltd                   Non Fund based BG     ICRA A4      100     Rating
                                                                                   downgraded
                                                                                   from ICRA A3
Sumilon Polyester Ltd                   Non Fund based LOC    ICRA A4      200     Rating
                                                                                   downgraded
                                                                                   from ICRA A3
Surana Solar Ltd                        Fund based/ Non fund  ICRA A4+     570     Withdrawn
                                        based
Taj Sats Air Catering Ltd               ST, Non-FBL           ICRA A1+     20      Reaffirmed
Teamlease Services Ltd                  CP                    ICRA A1      400     Assigned
Teamlease Services Ltd                  ST – FB Fac           ICRA A1      200     Assigned
Teamlease Services Ltd                  LT - Non-FB Fac       ICRA A1      100     Assigned
Teems India Towerlines Pvt Ltd          ST – non fund based   ICRA A3      230     Reaffirmed
The New Ball Bearing Company            Non-fund based        ICRA A4+,    2       Reaffirmed
                                                                                   and Removed
                                                                                   from ‘Issuer 
                                                                                   Not 
                                                                                   Cooperating
                                                                                   category
Tirupati Cotton                         Non FB- Forward       ICRA A4      12.5    Reaffirmed
                                        Contract Limit
V.S.T. Tillers Tractors Ltd             Non-fund based – LOC/ ICRA A1+     50      Reaffirmed
                                        BG
Vacuum Plant And Instruments            Non-fund based        ICRA A2      80.5    Downgraded
Manufacturing Co. Ltd                                                              from ICRA A2+
Vadsola Ceramic                         Non-fund Based BG     ICRA A4      15      Reaffirmed
Removed from the ‘Issuer Not Cooperating’ category
Vandana Timber Pvt. Ltd.                Non-fund Based –      ICRA A4      3.2     Assigned
                                        Forward Contract Limit
Vandana Timber Pvt. Ltd.                Non-fund Based – LOC  ICRA A4      160     Assigned
Varun Motors                            NFBL                  ICRA A2      15      Reaffirmed
Varun Motors Pvt Ltd                    NFBL                  ICRA A2      270     Reaffirmed
Veer O Metals Pvt Ltd                   ST: Non-Fund based    ICRA A2      121     Reaffirmed
Walplast Products Pvt Ltd               ST, Non-FBL           ICRA A3+     10      Reaffirmed
Zf Steering Gears (India) Ltd           Short-tern non-fund   ICRA A1+     116.5   Reaffirmed
                                        based
MEDIUM TERM RATINGS:
-------------------
Hind Rectifiers Ltd                     Medium term: Fixed    MB           190     Outstanding
                                        Deposit
LONG TERM RATINGS:
-------------------
A.M. Bhanderi                           FB – CC               ICRA BB      27.5    Reaffirmed
Abad Builders Pvt Ltd                   Fund Based-CC         ICRA BB+     87.1    Reaffirmed
Abad Builders Pvt Ltd                   Fund based-TL         ICRA BB+     154.3   Reaffirmed
Abad Builders Pvt Ltd                   Fund Based-Secured    ICRA BB+     50      Reaffirmed
                                        Overdraft
Abad Builders Pvt Ltd                   Unallocated Limits    ICRA BB+     58.6    Reaffirmed
Abhi Engineering Corporation            FB – CC               ICRA BBB     70      Reaffirmed
Pvt Ltd
Ace Designers Ltd                       LT FB Fac             ICRA AA-     150     Reaffirmed
Achal Cashews Pvt Ltd                   LT – FB – TL          ICRA BB-     25      Revised from
                                                                                   ICRA BB
Achal Industries                        LT – FB – TL          ICRA B+      7.3     Revised from
                                                                                   ICRA BB-
Achal Industries                        LT – FB – CC          ICRA B+      195     Revised from
                                                                                   ICRA BB-
Achal Industries                        ST/LT – Fund Based    ICRA B+              Revised from
                                        -Interchangeable                           ICRA BB-
                                                                                   ,Reaffirmed
Achal Industries                        ST/LT – Unallocated   ICRA B+      25.8    Revised from
                                                                                   ICRA BB-
                                                                                   ,Reaffirmed
Adoration Ceramica Pvt. Ltd             Fund based-TL         ICRA B+      200     Assigned
Adoration Ceramica Pvt. Ltd             Fund based- Working   ICRA B+      75      Assigned
                                        Capital Fac
Akasva Infrastructure Pvt Ltd           CC                    ICRA D       505     Reaffirmed
Akasva Infrastructure Pvt Ltd           BG                    ICRA D       320     Reaffirmed
Akasva Infrastructure Pvt Ltd           LOC                   ICRA D       55      Reaffirmed
Akasva Infrastructure Pvt Ltd           Unallocated           ICRA D       100     Reaffirmed
Alpine Developers                       LT, FB Limit          ICRA B+      197.5   Reaffirmed
Andhra Polymers Pvt Ltd                 Fund Based – CC       ICRA BB+     90      Reaffirmed
Andhra Polymers Pvt Ltd                 Fund Based – TL       ICRA BB+     6.9     Reaffirmed
Andhra Polymers Pvt Ltd                 Unallocated Limits    ICRA         5.1     Reaffirmed
                                        Rating action         BB+/ICRA A4+
Anugraha Valve Castings Ltd             CC (sub-limit         ICRA A-      -       Reaffirmed
Asiatic Colour Chem Industries          FBL                   ICRA BBB-/   419.5   Reaffirmed
Ltd.
Asiatic Colour Chem Industries          Unallocated Limits    ICRA         86      Reaffirmed
Ltd.                                                          BBB-/ICRA
                                                              A3
Asopalav Developers                     Fund Based – TL       ICRA B+      200     Assigned
Avr Overseas Pvt Ltd                    LT FB CC              ICRA BB      100     Reaffirmed
Ayyappa Infra Projects Pvt Ltd          Fund Based/CC         ICRA BBB     90      Reaffirmed
Ayyappa Infra Projects Pvt Ltd          Non Fund Based        ICRA BBB     150     Reaffirmed
Ayyappa Infra Projects Pvt Ltd          Non Fund Based        ICRA BBB/A3+ 425     Reaffirmed
Ayyappa Infra Projects Pvt Ltd          Unallocated           ICRA BBB/A3+ 249     Reaffirmed
Bagga Link Motors Ltd                   Fund based - TL       ICRA]BB      64.6    Reaffirmed
Bagga Link Motors Ltd                   Fund based - CC       ICRA]BB      94      Reaffirmed
Bagga Link Motors Ltd                   Unallocated           ICRA]BB      20.9    Reaffirmed
Bhagawati Enterprises                   CC                    ICRA B+              Reaffirmed
Bhagawati Enterprises                   Unallocated Limit     ICRA         60      Reaffirmed
                                                              B+/ICRA A4
Bhansali Amp; Co.                       Post Shipment Credit  ICRA BB+     1300    Assigned
                                                              /ICRA A4+
Bhansali Amp; Co.                       BG                    ICRA BB+     200     Assigned
                                                              /ICRA A4+
Bharat Agri Fert And Realty Ltd         CC                    ICRA BB      150     Assigned
Canpac Trends Pvt. Ltd.                 TL                    ICRA BBB-    844     Reaffirmed
Canpac Trends Pvt. Ltd.                 CC                    ICRA BBB-    330     Reaffirmed
Chaitanya India Fin Credit Pvt          Bk Fac                ICRA BBB-    520     Reaffirmed
Ltd
Chaitanya India Fin Credit Pvt          Subordinated Debt     ICRA BBB-    200     Reaffirmed
Ltd                                     Programme
Chaitanya India Fin Credit Pvt          NCD Programme         ICRA BBB-    840     Reaffirmed
Ltd
Cibi International Pvt Ltd              CC                    ICRA BB+     250     Reaffirmed
Cibi International Pvt Ltd              TL                    ICRA BB+     45      Reaffirmed
Cibi International Pvt Ltd              Unallocated facility  ICRA         5       Reaffirmed
                                                              BB+/ICRA A4+
Comet Technocom Pvt Ltd                 FB-CC                 ICRA BB      65      Reaffirmed
Comet Technocom Pvt Ltd                 Non-FB-BG             ICRA BB / A4 2.5     Reaffirmed
Corporation Bank                        Lower Tier-II Bonds   ICRA AA-     -       Withdrawn
Corporation Bank                        Lower Tier-II Bonds   ICRA AA-     -       Withdrawn
Corporation Bank                        Lower Tier-II Bonds   ICRA AA-     2000    Outstanding
Daman Ganga Packaging                   FB – CC               ICRA BB-     45      Upgraded
Solutions Llp                                                                      from ICRA B+
Daman Ganga Packaging                   FB – TL               ICRA BB-     98.7    Upgraded
Solutions Llp                                                                      from ICRA B+
Daman Ganga Packaging                   Unallocated Limit     ICRA BB-     3.8     Upgraded
Solutions Llp                                                                      from ICRA B+
Ddr And Company                         Fund based – CC       ICRA BB-     10      Upgraded
                                                                                   from ICRA B+
Ddr And Company                         Fund based – TL       ICRA BB-     16.4    Upgraded
                                                                                   from ICRA B+
Ddr And Company                         Unallocated           ICRA BB-/A4  8.6     Upgraded
                                                                                   from ICRA B+
                                                                                   / Reaffirmed
Dlf Urban Pvt Ltd                       Fund based-TL         ICRA A       10500   Assigned
Dry Blend Foods Pvt Ltd                 Fund Based – CCs      ICRA BBB-    50      Reaffirmed
Removed from the ‘Issuer Not Cooperating’ category
Dsr Infrastructure Pvt Ltd              Fund based-TL         ICRA BB+     470     Reaffirmed
Eastern Surgical Co.                    Fund based-TL         ICRA BB      1       Reaffirmed
Eastern Surgical Co.                    Fund based-           ICRA BB      9       Reaffirmed
                                        Unallocated
Eastern Surgical Co.                    Non Fund based- BG    ICRA BB      40      Reaffirmed
Ecovinal International Pvt Ltd          LT - FB               ICRA BB+     105     Reaffirmed
Ecovinal International Pvt Ltd          LT/ST - Unallocated   ICRA BB+ /   25.8    Reaffirmed
                                        Limit 2.58            ICRA A4+
Faiz Industries                         FB – CC               ICRA B+      95      Reaffirmed
Faiz Industries                         FB- TL                ICRA B+      7.5     Reaffirmed
Flexi Caps Amp; Polymers Pvt            FB limits             ICRA BB-     196.2   Upgraded
Ltd                                                                                from ICRA B+
Flora Amp; Fauna Housing Amp;           Fund based - CC       ICRA BB-     1350    Withdrawn
Land Developments Pvt Ltd                                                          ISSUER NOT
                                                                                   COOPERATING
Fruitful Buildcon Pvt Ltd               LT fund based (TL)    ICRA BB+     650     Withdrawn
Geeco Enercon Pvt Ltd                   Fund Based-LT         ICRA BB-     220     Reaffirmed
Grainotch Industries Ltd                FB – TL               ICRA BB+     253     Upgraded
                                                                                   from ICRA BB
Grainotch Industries Ltd                FB – CC               ICRA BB+     170     Upgraded
                                                                                   from ICRA BB
Green Petro Fuels Llp                   CC                    ICRA B       68      Reaffirmed
Green Petro Fuels Llp                   TL                    ICRA B       32.3    Reaffirmed
Green Petro Fuels Llp                   Unallocated Limits    ICRA B       28.7    Reaffirmed
Growmore International Ltd              LT- Fund Based        ICRA BB      100     -
ISSUER NON COOPERATION
Growmore International Ltd              LT: Unallocated       ICRA BB      26.9    -
ISSUER NON COOPERATION
Gruham Exotica                          LT –Fund based/ CC    ICRA B+      150     Assigned
Gugan Knitwears Pvt Ltd                 TL                    ICRA BB+     43.7    Reaffirmed
Gugan Knitwears Pvt Ltd                 Fund based            ICRA BB+     45      Reaffirmed
Gugan Knitwears Pvt Ltd                 Unallocated facility  ICRA BB+     169.7   Reaffirmed
Gurukrupa Cotton Amp; Oil               FB – CC               ICRA B       95      Reaffirmed
Industries
Haideri Timber Pvt. Ltd.                Fund based-CC         ICRA B       5       Reaffirmed
Removed from ‘issuer Noncooperating’ category
Hind Rectifiers Ltd                     LT: Fund based – CC   ICRA BB-     363     Reaffirmed
Hind Rectifiers Ltd                     LT/ST: NFBL           ICRA BB- /   200     Reaffirmed
                                                              ICRA A4
Hrm Overseas                            Fund based- CC Limits ICRA B       250     Reaffirmed
Removed from ‘Issuer Not Cooperating’ category due to NDS non-submission
Hrm Overseas                            Fund based- TL        ICRA B       43.5    Reaffirmed
Removed from ‘Issuer Not Cooperating’ category due to NDS non-submission
Hrm Overseas                            Unallocated           ICRA B       6.5     Reaffirmed
Removed from ‘Issuer Not Cooperating’ category due to NDS non-submission
Incap Contract Manufacturing            LT – Fund Based (CC)  ICRA BBB+    50      Reaffirmed
Services Pvt Ltd
Incap Contract Manufacturing            LT – TL               ICRA BBB+    27      Reaffirmed
Services Pvt Ltd
Irm Offshore And Marine                 CC/Overdraft          ICRA BBB+    150     Upgraded
Engineers Pvt Ltd                                                                  from ICRA BBB
J.R. Metal Chennai Ltd                  LT, FB Fac            ICRA BB+     50      Upgraded
                                                                                   from ICRA BB
J.R. Metal Chennai Ltd                  LT, Unallocated       ICRA BB+     100     Upgraded
                                                                                   from ICRA BB
                                                                                   -
Janatha Fish Meal And Oil               LT – FB – CC          ICRA BBB     350     Reaffirmed
Products
Janatha Fish Meal And Oil               LT – FB – TL          ICRA BBB     22.5    Reaffirmed
Products
Jayabheri Automotives Pvt Ltd           Fund Based-Working    ICRA BB-     1145    revised from
                                        Capital                                    ICRA B+
Jayabheri Automotives Pvt Ltd           Fund Based – TL       ICRA BB-     82.5    revised from
                                                                                   ICRA B+
Jayabheri Automotives Pvt Ltd           Unallocated           ICRA BB-     22.5    revised from
                                                                                   ICRA B+
K.K.Kashyap Green Solar Energy          TL                    ICRA BB-     170     Assigned
Producer
K2 Metals Pvt Ltd                       Fund Based – TL       ICRA B+      80      Assigned /
                                                                                   Outstandind
K2 Metals Pvt Ltd                       Fund Based – CCs      ICRA B+      50      Outstanding
Kanwarji Construction Co                LT fund based         ICRA BB+     85      Reaffirmed
removed from Issuer non cooperation category
Kanwarji Construction Co                LT/ST non fund based  ICRA BB+     560     Reaffirmed
                                                              /A4+
removed from Issuer non cooperation category
Kera Vitrified Llp                      FB CC                 ICRA B       100     Reaffirmed
Kera Vitrified Llp                      FB TL                 ICRA B       333.2   Reaffirmed
Keshav Ginning Amp; Pressing            LT FB CC              ICRA BBB-    700     Assigned
Factory                                                       (S)
Keshav Ginning Amp; Pressing            LT FB TL              ICRA BBB-    72      Assigned
Factory                                                       (S)
Keshav Ginning Amp; Pressing            LT Unallocated        ICRA BBB-    8       Assigned
Factory                                                       (S)
Kothari Cars Pvt Ltd                    Fund based- Working   ICRA BBB     300     Reaffirmed
                                        Capital Fac
Lakshmivel Mills Pvt Ltd                TL                    ICRA BB+     105.2   Reaffirmed
Lakshmivel Mills Pvt Ltd                Fund based            ICRA BB+     220     Reaffirmed
Lakshmivel Mills Pvt Ltd                Unallocated facility  ICRA BB+     44.8    Reaffirmed
Laxmi Technical Textile Pvt Ltd         LT/ST -Unallocated    ICRA A       116     Reaffirmed
                                        limits
Laxmi Technical Textile Pvt Ltd         LT - CC               ICRA A (SO)  95      Reaffirmed
Laxmi Technical Textile Pvt Ltd         LT - TL               ICRA A (SO)  78.7    Reaffirmed
Laxmi Technical Textile Pvt Ltd         LT – Non-FBL          ICRA A (SO)  10      Reaffirmed
Le Shark Global Llp                     PLC / PCFC / FDBN /   ICRA A-      120     Reaffirmed
                                        FDBP / FDBD           /ICRA A2+
Le Shark Global Llp                     PSCFC / FDBN / FDBD   ICRA A-      0       Reaffirmed
                                        / FDBP                /ICRA A2+
Le Shark Global Llp                     BG                    ICRA A-      5       Reaffirmed
                                                              /ICRA A2+
Mantram Technofab Pvt Ltd               LT FB TL              ICRA BB+     100     Assigned
Mantram Technofab Pvt Ltd               LT FB CC              ICRA BB+     200     Assigned
Maruti Nouveauknits Pvt Ltd             FBL                   ICRA B       80      Reaffirmed#
# Ratings removed from ‘Issuer Not Co-operating’ category
Maruti Nouveauknits Pvt Ltd             Unallocated limit     ICRA B/      33.7    Reaffirmed#
                                                              ICRA A4
# Ratings removed from ‘Issuer Not Co-operating’ category
Mateswari Royalties                     LT Non Fund based /BG ICRA B+      50      -
Rating moved to the ‘Issuer Not Cooperating’ category
M-Bo Granito Llp                        FB TL                 ICRA B+      295.5   Upgraded
                                                                                   from ICRA
                                                                                   B and 
                                                                                   removed 
                                                                                   from
                                                                                   issuer not
                                                                                   cooperating
                                                                                   category
M-Bo Granito Llp                        FB CC                 ICRA B+      125     Upgraded
                                                                                   from , ICRA
                                                                                   B and
                                                                                   removed 
                                                                                   from
                                                                                   issuer not
                                                                                   cooperating
                                                                                   category
Metro Exporters Pvt Ltd                 FB limit              -            -       -
Metro Exporters Pvt Ltd                 FB limit              -            -       -
Metro Exporters Pvt Ltd                 Non-FBL               -            -       -
Metro Exporters Pvt Ltd                 Unallocated limits    ICRA BBB-    -       Reaffirmed
                                                              /A3;
Moflex Suspensions Llp                  Fund Based-CC         ICRA BBB+    90      Reaffirmed
Moflex Suspensions Llp                  Fund Based-EPC/FBD#   ICRA BBB+    0       Reaffirmed
#Sublimit of CC facility
Moflex Suspensions Llp                  Fund Based-TL         ICRA BBB+    45      Reaffirmed
Mulberry Silks Ltd                      LT: TL                ICRA BBB+    90.2    Reaffirmed
Mulberry Silks Ltd                      LT / ST - Unallocated ICRA BBB+/A2 100.8   Reaffirmed
Mvr Gas                                 Fund based- CC        ICRA B+      72.5    Reaffirmed
Removed from issuer not cooperating category
Mvr Gas                                 Fund based- TL        ICRA B+      32.4    Reaffirmed
Removed from issuer not cooperating category
Mvr Gas                                 Unallocated           ICRA B+      13.4    Reaffirmed
                                                              /ICRA A4
Removed from issuer not cooperating category
Natco Pharma Ltd                        TL                    ICRA AA      1000    Reaffirmed
Natco Pharma Ltd                        LT FBL                ICRA AA      6665    Reaffirmed
Natco Pharma Ltd                        LT / ST - Fund        ICRA AA /A1+ 500     Reaffirmed
                                        based/Non Fund Based
Natco Pharma Ltd                        LT / ST Unallocated   ICRA AA /A1+ 735     Reaffirmed
National Projects Construction          Fund based- Working   ICRA A+      200     Assigned
Corporation Ltd                         Capital Fac
National Projects Construction          Non-fund              ICRA A+/A1   1300    Assigned
Corporation Ltd                         based-Working Capital
                                        Fac
National Projects Construction          Unallocated           ICRA A+/A1   1000    Assigned
Corporation Ltd
Nezone Pipes & Structures               Fund Based – CC       ICRA BBB     250     Reaffirmed
Nezone Pipes & Structures               Fund Based –          ICRA BBB     20      Reaffirmed
                                        Stand-by-Line of
                                        Credit
Nezone Pipes & Structures               Unallocated Limits    ICRA BBB/A3+ 192.5   Reaffirmed
Northern Arc Capital Ltd                PTC Series A1         Provisional  369.2   Assigned
(Erstwhile Ifmr Capital                                       ICRA A-(SO)
Finance Ltd)
Northern Arc Capital Ltd                PTC Series A2         Provisional  25.7    Assigned
(Erstwhile Ifmr Capital                                       ICRA C+(SO)
Finance Ltd)
P N Rao                                 Fund based - Working  ICRA BBB-    60      Reaffirmed
                                        Capital Fac
P N Rao                                 Fund based - TL       ICRA BBB-    27      Reaffirmed
Polyplastics Auto Components            FB – TL               ICRA A-      50      Assigned
Pvt Ltd                                                       (SO)
Polyplastics Auto Components            FB – CC               ICRA A-      35      Assigned
Pvt Ltd                                                       (SO)
Polyplastics Decoratives Pvt            FB – TL               ICRA A-      435     Assigned
Ltd                                                           (SO)
Polyplastics Decoratives Pvt            FB – CC               ICRA A-      40      Assigned
Ltd                                                           (SO)
Poppys Knitwear Pvt Ltd                 LT - fund based/CC    ICRA B+      1020    revised from
                                                                                   ICRA BB-
Power Finance Corporation Ltd           LT borrowing          ICRA AAA     370000^ Assigned
                                        programme FY2019
^ Short-term borrowings are interchangeable with long-term borrowings, subject to 
the total borrowings in FY2019 not exceeding Rs. 57,000 crore
Power Finance Corporation Ltd           Rated LT ST           ICRA AAA     3345050 Reaffirmed
                                        borrowings of
                                        previous FYs
Power Finance Corporation Ltd           Fixed Deposit         MAAA                 Reaffirmed
                                        Programme
Power Grid Corporation Of               LT bonds programme    ICRA AAA     200000  Assigned
India Ltd
Power Grid Corporation Of               LT bonds programme    ICRA AAA     864229.5Reaffirmed
India Ltd
Power Grid Corporation Of               Working capital loan  ICRA AAA     3000    Reaffirmed
India Ltd
Power Grid Corporation Of               LT loans              ICRA AAA     353562.2Reaffirmed
India Ltd
Pradip Polyfils Pvt Ltd                 FB-TL                 ICRA BB      25.4    Assigned
Pradip Polyfils Pvt Ltd                 FB-CC                 ICRA BB      30      Assigned
Pradip Polyfils Pvt Ltd                 Unallocated           ICRA BB /    4.6     Assigned
                                                              ICRA A4
Prince Marketing                        Fund based-TL         ICRA B+      341.7   Reaffirmed
Ptpl Tubing Amp; Products Pvt.          Fund- based- Working  ICRA BB+     60      Downgraded
Ltd.                                    Capital Fac                                from ICRA
                                                                                   BBB-
Ptpl Tubing Amp; Products Pvt.          Fund- based- TL       ICRA BB+     130     Downgraded
Ltd.                                                                               from ICRA
                                                                                   BBB-
Puri Construction Pvt Ltd               TL                    ICRA BBB     1882.4  Reaffirmed
Puri Construction Pvt Ltd               Proposed LT Limits    ICRA BBB     121.2   Reaffirmed
R.K Amp; Sons                           LT fund based facilityICRA BB+     40      Reaffirmed
R.K Amp; Sons                           LT/ST - Unallocated   ICRA         12.5    Reaffirmed
                                                              BB+/ICRA A4+
R.K. Steels                             LT- Fund Based        ICRA BB      550     -
Continues to remain under ‘Issuer Not Cooperating’ category
Radiant Indus Chem Pvt Ltd              Fund based- TL        ICRA BB      45      Reaffirmed
Radiant Indus Chem Pvt Ltd              Fund based- Working   ICRA BB      80      Reaffirmed
                                        Capital Fac
Radiant Indus Chem Pvt Ltd              Fund based-           ICRA BB      18.2    Reaffirmed
                                        Unallocated
Ranchi Expressway Ltd                   Fund based- TL        ICRA D       11516   Reaffirmed
Reliance Jio Infocomm Ltd               NCDs                  ICRA AAA     170000  Assigned
Reliance Jio Infocomm Ltd               NCDs                  ICRA AAA     230000  Outstanding
Roots Corporation Ltd                   Fund Based – TL       ICRA A       1500    Issuer Not
                                                                                   Cooperating
S. M. Steels                            Fund based- CC        ICRA BB+     160     Upgraded
                                                                                   from ICRA BB
S. M. Steels                            Unallocated amount    ICRA         45      Upgraded
                                                              BB+/ICRA             from ICRA
                                                              A4+                  BB/ ICRA A4
Sai-Laxmi Texofab                       Fund based-TL         ICRA B+      34.3    Upgraded
                                                                                   from ICRA B
Sai-Laxmi Texofab                       Fund based- Working   ICRA B+      65      Upgraded
                                        Capital Facility                           from ICRA B
Sai-Laxmi Texofab                       Unallocated limit     ICRA B+      0.1     Reaffirmed
                                                              /ICRA A4 /
Sandeep Rice Mills                      Fund based-CC         ICRA B       100     Rating moved
                                                                                   to the
                                                                                   issuer not
                                                                                   cooperating
                                                                                   category
Sangeetha Mobiles Pvt Ltd               Fund Based/Non-Fund   -            -       -
                                        Based Interchangeable
                                        Limits
Sangeetha Mobiles Pvt Ltd               Fund Based- Overdraft ICRA BBB+    10      Upgraded
                                        -                                          from ICRA BBB
Sangeetha Mobiles Pvt Ltd               Unallocated Limits    ICRA BBB+    40      Upgraded
                                                              /ICRA A2             from ICRA
                                                                                   BBB / ICRA
A3+ -
Satyam Spinners Pvt Ltd                 LT FB CC              ICRA BB+     155     Assigned
                                                              (S)
Secon Pvt Ltd                           FB Limits             ICRA A       65      Reaffirmed
Secoora Tiles Llp                       FB – TL               ICRA B+      100     Assigned
Secoora Tiles Llp                       FB – CC               ICRA B+      50      Assigned
Seth Ramji Das Modi Vidya               LT FB CC              ICRA BB      100     Reaffirmed
Niketan Society
Seth Ramji Das Modi Vidya               LT FB TL              ICRA BB      25      Reaffirmed
Niketan Society
Seth Ramji Das Modi Vidya               LT Unallocated Limits ICRA BB      65      Reaffirmed
Niketan Society                         LT FB CC LT FB TL
Shah Precicast Pvt Ltd                  FBL                   ICRA B+      184.2   Reaffirmed
Shah Precicast Pvt Ltd                  Unallocated limits    ICRA B+      0.8     Reaffirmed
Shanti Integrated Textile Park          TL                    ICRA B       630     Downgrade
Pvt. Ltd.                                                                          from ICRA BB-
Shiva Polytubes Pvt. Ltd.               Fund Based- CC        ICRA BB+     65      Reaffirmed
Shiva Polytubes Pvt. Ltd.               Untied Limits         ICRA BB+     25.6    Reaffirmed
Shivam Cottex                           FB-CC                 ICRA B+      60      Reaffirmed
Shivam Cottex                           Unallocated Limit     ICRA B+      15      Reaffirmed
Shree Hari Yarns Pvt Ltd                FB – CC               ICRA BB/A4+  150     Reaffirmed
Shree Hari Yarns Pvt Ltd                FB – Bill Discounting              -       Reaffirmed
Shree Shankar Vijay Saw Mill            CC                    ICRA B+      62.5    Reaffirmed
Shree Shankar Vijay Saw Mill            Unallocated Limit     ICRA         25      Reaffirmed
                                                              B+/ICRA A4
Shri Ramalinga Mills Ltd                Fund based- TL        ICRA BB      277.1   Reaffirmed
Shri Ramalinga Mills Ltd                Fund based- Working   ICRA BB      1120    Reaffirmed
                                        Capital Fac
Shri Ramalinga Mills Ltd                Unallocated limits    ICRA BB      579.1   Reaffirmed
Shrishti Technologies                   Fund based - CC       ICRA B+      60      Continues to
                                                                                   remain under
                                                                                   ‘Issuer Not 
                                                                                   Cooperating
                                                                                   category
Siac Skh India Cabs                     LT: Fund based TL     ICRA BBB+    150     Assigned
Manufacturing Pvt Ltd
Siac Skh India Cabs                     LT: Fund based CC     ICRA BBB+    150     Assigned
Manufacturing Pvt Ltd
Siac Skh India Cabs                     LT and ST: UnallocatedICRA BBB+ /  50      Assigned
Manufacturing Pvt Ltd                                         ICRA A2
Singer India Ltd                        FB - Working Capital  ICRA BBB     170     Reaffirmed
                                        Fac
Siri Tecon                              Fund based            ICRA BB-     7.5     Reaffirmed
(Removed from ‘issuer not cooperating’ category)
Siri Tecon                              Non -fund based       ICRA BB-/A4  40      Reaffirmed
(Removed from ‘issuer not cooperating’ category)
Siri Tecon                              Unallocated limits    ICRA BB-/A4  52.5    Reaffirmed
(Removed from ‘issuer not cooperating’ category)
Sita Polyweave Pvt. Ltd.                CC                    ICRA B       9.5     Assigned
Sita Polyweave Pvt. Ltd.                TL                    ICRA B       46.5    Assigned
Society Of Green Makers Pvt Ltd         CC                    ICRA BB      5       Assigned
Society Of Green Makers Pvt Ltd         Unallocated           ICRA BB/A4+  15      Assigned
Somatheeram Ayurvedic Hospital          LT – FB – TL          ICRA BB+     130     Revised from
And Yoga Centre Pvt Ltd                                                            ICRA BBB-
Somatheeram Ayurvedic Hospital          LT – FB – CC          ICRA BB+     13.4    Revised from
And Yoga Centre Pvt Ltd                                                            ICRA BBB-
Somatheeram Ayurvedic Hospital          LT – Unallocated      ICRA BB+     6.6     Revised from
And Yoga Centre Pvt Ltd                                                            ICRA BBB-
Sonkamal Enterprises Pvt Ltd            FB Limits             ICRA BBB-    300     Reaffirmed
Sonkamal Enterprises Pvt Ltd            FB Sublimit under     ICRA BBB-            Reaffirmed
                                        Non-FB Limits
Southern Agencies                       Fund Based            ICRA B       100     Reaffirmed
Sp Textile Processors Pvt Ltd           Fund based- Working   ICRA BB+     65      Reaffirmed
                                        Capital Fac
Spectrum Auxi-Chem Pvt Ltd              Unallocated limit     -            -       -
Spectrum Auxi-Chem Pvt Ltd              FBL                   ICRA BB-     99.5    Reaffirmed
Sree Ananthalakshmi Textiles            CC                    ICRA B       30      Reaffirmed
Pvt Ltd
Sree Ananthalakshmi Textiles            Unallocated           ICRA B       90      Reaffirmed
Pvt Ltd
Sri Aditya Homes Pvt Ltd                Fund Based-Working    ICRA BB-     60      Assigned
                                        Capital
Sri Aditya Homes Pvt Ltd                Unallocated           ICRA BB-     40      Assigned
Sri Priyanka Agro Enterprises           Fund Based-CC         ICRA B+      160     Reaffirmed
Pvt Ltd
Sri Priyanka Agro Enterprises           Fund Based- TL        ICRA B+      1.8     Reaffirmed
Pvt Ltd
Sri Priyanka Agro Enterprises           Non Fund Based        ICRA B+      74      Reaffirmed
Pvt Ltd
Sri Priyanka Agro Enterprises           Unallocated           ICRA B+      14.2    Reaffirmed
Pvt Ltd
Stumpp Schuele Amp; Somappa             Fund based -CC        ICRA BBB     595     Reaffirmed
Springs Pvt Ltd
Stumpp Schuele Amp; Somappa             TL                    ICRA BBB     350     Reaffirmed
Springs Pvt Ltd
Sumilon Industries Ltd                  Fund based-TL         ICRA BB-     1152.3  Downgraded
                                                                                   from ICRA
                                                                                   BBB-
Sumilon Industries Ltd                  Fund based-CC         ICRA BB-     300     Downgraded
                                                                                   from ICRA
                                                                                   BBB-
Sumilon Polyester Ltd                   Fund based Corporate  ICRA BB-     200     Rating
                                        Loan                                       downgraded
                                                                                   from
                                                                                   ICRA BBB-
Sumilon Polyester Ltd                   Fund based-TL         ICRA BB-     1324.8  Rating
                                                                                   downgraded
                                                                                   from
                                                                                   ICRA BBB-
Sumilon Polyester Ltd                   Fund based-CC         ICRA BB-     500     Rating
                                                                                   downgraded
                                                                                   from
                                                                                   ICRA BBB-
Surana Solar Ltd                        Fund based            ICRA BB+     90      Withdrawn
Surana Solar Ltd                        Unallocated Limits    ICRA         140     Withdrawn
                                                              BB+/ICRA A4+
Susheel Motors Pvt Ltd                  LT - FBL              ICRA BB-     75      Reaffirmed
Susheel Motors Pvt Ltd                  Unallocated limits    ICRA BB-     25      Reaffirmed
Svatantra Microfin Pvt Ltd              LT Bk Lines           ICRA A-      5000    Assigned
Taj Sats Air Catering Ltd               LT, FB Limits         ICRA AA-     170     Reaffirmed
Taj Sats Air Catering Ltd               LT/ST Interchangeable ICRA AA-/A1+ -       Reaffirmed
                                        Bk limits (sub-limit
                                        of LT FBL)
Tamil Nadu Dindigul Karur               Fund based- TL        ICRA D       1500.5  Reaffirmed
Expressways Ltd
Teamlease Services Ltd                  LT - FB Fac           ICRA A       300     Assigned
Teems India Towerlines Pvt Ltd          LT - fund based/CC    ICRA BBB-    20      Reaffirmed
The Mithra Agencies (Hyderabad)         Fund Based-Working    ICRA BB      100     Reaffirmed
                                        Capital
The Mithra Agencies (Hyderabad)         Fund Based- Inventory ICRA BB      225     Reaffirmed
                                        Funding
The Mithra Agencies (Hyderabad)         Fund Based – TL       ICRA BB      65.3    Reaffirmed
The Mithra Agencies (Hyderabad)         Unallocated           ICRA BB/A4+  12.2    Reaffirmed
The New Ball Bearing Company            Unallocated Limits    ICRA BB      3       Reaffirmed
                                                              /ICRA A4+,           and Removed
                                                                                   from ‘
                                                                                   Issuer Not
                                                                                   Cooperating’ 
                                                                                   category
The New Ball Bearing Company            FB – CC               ICRA BB,     115     Reaffirmed
                                                                                   and Removed
                                                                                   from ‘
                                                                                   Issuer Not
                                                                                   Cooperating’ 
                                                                                   category
Tirupati Cotex                          Fund based-TL         ICRA B+      10      Upgraded
                                                                                   from ICRA B
Tirupati Cotex                          Fund based-CC FB      ICRA B+      60      Upgraded
                                        limit FB limit Non-FBL                     from ICRA B
Tirupati Cotton                         FB – CC               ICRA B+      240     Reaffirmed
Trichy Thanjavur Expressways            Fund based- TL        ICRA]D       2258.9  Reaffirmed
Ltd
Ultra Dimensions Pvt Ltd                Fund Based/CC         ICRA B+      79.7    Upgraded
                                                                                   from ICRA B
Ultra Dimensions Pvt Ltd                Non Fund Based - BG   ICRA B+      200     Upgraded
                                                                                   from ICRA B
Ultra Dimensions Pvt Ltd                Unallocated           ICRA B+      120.3   Upgraded
                                                                                   from ICRA B
V.S.T. Tillers Tractors Ltd             Fund Based – CC       ICRA AA      50      Reaffirmed
Vacuum Plant And Instruments            Fund based- Working   ICRA BBB     20      Downgraded
Manufacturing Co. Ltd                   Capital Fac                                from ICRA
                                                                                   BBB+
Vadsola Ceramic                         FB CC                 ICRA B       30      Reaffirmed
Removed from the ‘Issuer Not Cooperating’ category
Vadsola Ceramic                         FB TL                 ICRA B       70      Reaffirmed
Removed from the ‘Issuer Not Cooperating’ category
Vandana Timber Pvt. Ltd.                FB – CC               ICRA B+      20      Assigned
Varun Hospitality Pvt Ltd               Fund Based - TL       ICRA BBB-    1895    Reaffirmed
Varun Hospitality Pvt Ltd               Fund based- Working   ICRA BBB-    35      Reaffirmed
                                        Capital Fac
Varun Hospitality Pvt Ltd               Unallocated Limits    ICRA BBB-    10      Reaffirmed
Varun Hospitality Pvt Ltd               NFBL                  ICRA BBB-/A3 65      Reaffirmed
Varun Motors                            Fund Based – CC       ICRA BBB+    740     Upgraded
                                                                                   from ICRA BBB
Varun Motors Pvt Ltd                    Fund Based –CC        ICRA BBB+    1680    Upgraded
                                                                                   from ICRA BBB
Veer O Metals Pvt Ltd                   LT: FB Limits         ICRA BBB     214     Reaffirmed
Veer O Metals Pvt Ltd                   TL                    ICRA BBB     60      Reaffirmed
Vikrant Auto Suspensions                Fund Based-CC         ICRA BBB+    75      Reaffirmed
Vikrant Auto Suspensions                Fund Based-EPC/FBD#   ICRA BBB+            Reaffirmed
#Sublimit of CC facility
Vikrant Auto Suspensions                Fund Based-TL         ICRA BBB+    -       Reaffirmed
Vikrant Auto Suspensions                Non Fund Based-BG#    ICRA BBB+    -       Reaffirmed
#Sublimit of CC facility                                      /ICRA A2+
Vikrant Auto Suspensions                Unallocated Limits    ICRA BBB+    45      Reaffirmed
                                                              /ICRA A2+
Walplast Products Pvt Ltd               LT, FB Limit          ICRA BBB     40      Reaffirmed
Wires And Cables (India)                Fund based- CC        ICRA BB+     100     Reaffirmed
Zf Steering Gears (India) Ltd           TL                    ICRA A+      500     Reaffirmed
Zf Steering Gears (India) Ltd           LT fund based         ICRA A+      40      Reaffirmed
--------------------------------------------------------------------------------------------
$: 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