August 1, 2019 / 11:26 AM / 18 days ago

RPT-ICRA ratings for Indian debt instruments-Aug 1

 (Repeating to add more ratings)
    Aug 1 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of July 31, 2019.


COMPANY                                  INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                   ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
A.M. Bhanderi                           NFB BG                ICRA A4+    150     Reaffirmed
Al Gyas Exports Pvt Ltd                 Bk Loan Ratings       ICRA A4+    1050
Reason for delay in carrying out periodic review:- Review process is underway
Brij Engineering Works                  7                     ICRA A4     
(Issuer Not Cooperating)
Chanderpur Works Pvt Ltd                ST - Non-Fund Based   ICRA A4+    190
Rating continues to remain under ‘(Issuer Not Cooperating)’ category
Enterprising Enterprises                Non fund based - ST   ICRA A4     5       -
(Rating continues to be under ‘Issuer Not Cooperating’ category MD ISSUER NOT COOPERATING*)
Flexi Caps & Polymers Pvt Ltd           Non-fund Based        ICRA A4     80
ISSUER NON- COOPERATION
Ganganagar Commodity Ltd                Non-fund based Bk     ICRA A4     350     Reaffirmed
                                        lines
Ganganagar Commodity Ltd                Fund based            ICRA A4     100     Reaffirmed
Ganganagar Commodity Ltd                Unallocated           ICRA A4     150     Reaffirmed
Hanuman Foods                           ST - Fund Based       ICRA A4     30
Rating continues to remain under ‘(Issuer Not Cooperating)’ category
Heather Constructions                   ST – Non FB Fac       ICRA A4     45
(Issuer Not Cooperating)
Itarsi Oils & Flours Pvt Ltd            Non-fund Based        ICRA A3+    50
Rating continues to remain under ‘(Issuer Not Cooperating)’ category
Icici Prudential Asset                  ICICI Prudential      ICRA A1+mfs  -       Reaffirmed
Management Co. Ltd                      Overnight Fund
J.R. Metal Chennai Ltd                  ST – Non-FB Fac       ICRA A4+    290
Reason for delay in carrying out periodic review: Review process is underway
Jm Financial Capital Ltd                CP (IPO               ICRA A1+     -       Withdrawn
                                        Financing)Programme
Jm Financial Capital Ltd                CP (CP) Programme     ICRA A1+     10000   outstanding
Jm Financial Credit Solutions           CP (CP) Programme     ICRA A1+     20000   outstanding
Ltd
Jm Financial Products Ltd               CP (IPO Financing)    ICRA A1+     -       Withdrawn
                                        programme
Jm Financial Products Ltd               CP (CP) Programme     ICRA A1+     45000   outstanding
Jm Financial Properties And             CP (CP) Programme     ICRA A1+     -       Withdrawn
Holdings Ltd                            (IPO Financing)
Jm Financial Properties And             CP Programme          ICRA A1+     2500    outstanding
Holdings Ltd
Ksk Mahanadi Power Co. Ltd              Non-FB facility (LT / ICRA D       7730    -
                                        ST)
Rating continues to be under ‘Issuer Not Cooperating’ category
Ksk Mahanadi Power Co. Ltd              Non-FB facility (ST)  ICRA D       8570    -
Rating continues to be under ‘Issuer Not Cooperating’ category
M. K. Shah Exports Ltd                  ST FB - Working       ICRA A2+    250     Assigned
                                        Capital Fac
Mangalore Sez Ltd                       Fund Based Working    ICRA A1+    300
                                        Capital Fac
Reason for delay in carrying out periodic review:- Issuer delayed in giving information
Modern Transformers Pvt Ltd             ST - Non-Fund Based   ICRA A4+    200
Rating continues to remain under ‘(Issuer Not Cooperating)’ category
Mohani Tea Leaves Pvt Ltd               ST Non-fund Based     ICRA A2+    50      Reaffirmed
Marathwada Auto Cluster                 Non- fund based – LOC ICRA A4      85      -
Rating continues to remain in the ‘Issuer Not Cooperating’ category
Marathwada Auto Cluster                 Non- fund based – LOC ICRA A4      85      -
(Rating continues to be under ‘Issuer Not Cooperating’ category 
Nectar Crafts                           ST – Non FB Fac       ICRA A4     10
(Issuer Not Cooperating)
Northern Arc Investment                 Fund Manager Quality  AMC Quality  -       Withdrawn
Managers Pvt Ltd                        Rating (FMQR)         2 (AMC2)
Oswal Woollen Mills Ltd                 ST FB/ Non-Fund Based ICRA A1+     800     Reaffirmed
                                        (LOC/ Packing Credit^)
^outlook revised from Stable
Oswal Woollen Mills Ltd                 ST Non-Fund Based     ICRA A1+     960     Reaffirmed
                                        (LOC)
outlook revised from Stable
Oswal Woollen Mills Ltd                 CP (CP)               ICRA A1+     2500    Reaffirmed
outlook revised from Stable
Pm Cars Pvt. Ltd.                       ST - Non-Fund Based   ICRA A4     2
moved to Issuer Non- cooperating category
Pradip Polyfils Pvt Ltd                 Non-FB-LOC            ICRA A4      5       Withdrawn
Pradip Polyfils Pvt Ltd                 Non-FB-LOC            ICRA A4      5       Withdrawn
Ranger Apparel Export Pvt Ltd           ST - Fund based/CC    ICRA A2+     125     Reaffirmed
Ranger Apparel Export Pvt Ltd           ST - Non-Fund based   ICRA A2+     -       Reaffirmed
                                        (interchangeable)
Reliance Capital Ltd                    CP programme          ICRA A4@    12000   Withdrawn
@On rating Watch with Negative Implications
Srs Ltd                                 ST Non Fund Based     ICRA D       2380    -
(Rating continues to be under ‘Issuer Not Cooperating’ category
Sabri Food Products Pvt Ltd             Fund based working    ICRA A4+     200     Reaffirmed
                                        capital limit
Sandfits Foundries Pvt Ltd              ST non-fund based     ICRA A2+     15      Reaffirmed
Swayamprabha Udyam & Company            ST - FB               ICRA A4      142.5   Reaffirmed
Tvs Credit Services Ltd                 CP                    ICRA A1+     15000   Reaffirmed
Vardhman Polytex Ltd                    ST Non-FB Fac         ICRA D       500     -
Rating continues to be under ‘Issuer Not Cooperating’ category
S.M. Engineers                          ST Bk Guaranatee      ICRA A4     25
Rating continues to remain under the ‘(Issuer Not Cooperating)’ category Current Rated Amount
Rating Action (Rs. crore) Rating Action
Shyam Agency Pvt. Ltd.                  ST, Non-fund based    ICRA A4+(S) 60      Withdrawn
Sree Akkamamba Textiles Ltd             Non-fund based        ICRA A4+    30      Downgraded
                                        facility                                   from ICRA A3
Star Cement Ltd                         CP                    ICRA A1+    500
Reason for delay in carrying out periodic review:- Review Process is Underway
Ultramarine And Pigments Ltd            ST non-fund based     ICRA A1+    60      Upgraded
                                                                                   from ICRA A1
Vishal Infrastructure Ltd               ST – Non-Fund based   ICRA A3+    1650
Reason for delay in carrying out periodic review:Review Process is underway.
 
 
MEDIUM TERM RATINGS:
-------------------
Srs Ltd                                 Medium-Term Fixed     MD           2250    -
                                        Deposit Programme
(Rating continues to be under ‘Issuer Not Cooperating’ category
 
LONG TERM RATINGS:
-------------------
4 Genius Minds                          Fund Based            ICRA D      450
(Issuer Not Cooperating)
4 Genius Minds                          Unallocated           ICRA D      200
(Issuer Not Cooperating)
A.M. Bhanderi                           FB Overdraft          ICRA BB     30      Reaffirmed
Air India Assets Holding Ltd            Proposed NCD (NCD)    ICRA AAA    70000   Assigned
                                        programme/ Government
                                        of India fully Serviced Bonds
Akasva Infrastructure Pvt Ltd           CC                    ICRA D      505
(Issuer Not Cooperating)
Akasva Infrastructure Pvt Ltd           BG                    ICRA D      320
(Issuer Not Cooperating)
Akasva Infrastructure Pvt Ltd           LOC                   ICRA D      55
(Issuer Not Cooperating)
Akasva Infrastructure Pvt Ltd           Unallocated           ICRA D      100
(Issuer Not Cooperating)
Azad Ispat India Pvt Ltd                LT – Fund Based – CC  ICRA B+     120
(Issuer Not Cooperating)
Barani Ferrocast Pvt Ltd                LT – fund based       ICRA B-     36.5
(Issuer Not Cooperating)
Barani Ferrocast Pvt Ltd                LT - TL               ICRA B-     57.2
(Issuer Not Cooperating)
Barani Ferrocast Pvt Ltd                Long – Term           ICRA B-     46.3
                                        Unallocated
(Issuer Not Cooperating)
Belstar Investment And Finance          Sub-ordinated debt    ICRA A      320     Reaffirmed
Pvt Ltd                                 Programme
Belstar Investment And Finance          NCDs                  ICRA A      -       Withdrawn
Pvt Ltd
Belstar Investment And Finance          NCDs                  ICRA A^     100     Reaffirmed
Pvt Ltd
^Rated limit reduced to Rs.10.0 crore from Rs.40 crore because of repayments
Bharat Agri Fert And Realty Ltd         BLR                   ICRA BB /   300
                                                              ICRA A4+
(Issuer Not Cooperating)
Brady Services Pvt Ltd                  BLR                   ICRA B+ /   72.5
                                                              ICRA A4
Reason for delay in carrying out periodic review:- Review process is underway
Brij Engineering Works                  LT - Fund Based/ CC   ICRA B+     5
(Issuer Not Cooperating)
Captab Biotec Unit - Ii                 Fund Based            ICRA D      80.3
ISSUER NON- COOPERATION
Captab Biotec Unit - Ii                 Unallocated           ICRA D      14.7
ISSUER NON- COOPERATION
Captab Biotec Unit - Ii                 Non-fund Based        ICRA D      35
ISSUER NON- COOPERATION
Chanderpur Works Pvt Ltd                LT - Fund Based/ CC   ICRA BB+    100
Rating continues to remain under ‘(Issuer Not Cooperating)’ category
Chloride Metals Ltd                     Bk Fac                ICRA AA/A1+ 310
Reason for delay in carrying out periodic review:- Review Process is underway
Deco Equipments Pvt Ltd                 LT - Fund Based/ CC   ICRA B-     40
Rating continues to be under ‘(Issuer Not Cooperating)’ category
Deco Equipments Pvt Ltd                 LT - Fund Based TL    ICRA B-     81.9
Rating continues to be under ‘(Issuer Not Cooperating)’ category
Dhandu Mariamman Steels                 LT – fund based CC)   ICRA B      55
(Issuer Not Cooperating)
Dhandu Mariamman Steels                 Unallocated           ICRA B      5
(Issuer Not Cooperating)
Dry Blend Foods Pvt Ltd                 Fund based- CC Limits ICRA BBB-   50
(Issuer Not Cooperating)
Flexi Caps & Polymers Pvt Ltd           Fund Based            ICRA BB-    196.2
ISSUER NON-COOPERATION
Flexi Caps & Polymers Pvt Ltd           Unallocated           ICRA BB-    6.5
ISSUER NON-COOPERATION
Hanuman Foods                           LT - Fund Based/ CC   ICRA]B       120
Rating continues to remain under ‘(Issuer Not Cooperating)’ category
Heather Constructions                   LT – Fund Based       ICRA BB-    75
(Issuer Not Cooperating)
Hrm Overseas                            Fund based- CC Limits ICRA B      250
(Issuer Not Cooperating)
Hrm Overseas                            Fund based- TL        ICRA B      43.5
(Issuer Not Cooperating)
Hrm Overseas                            Unallocated           ICRA B      6.5
(Issuer Not Cooperating)
Hydro Magus Pvt. Ltd.                   FB Limits             ICRA A-(SO) 80      Withdrawn
Hydro Magus Pvt. Ltd.                   Non-FB Limits         ICRA A-(SO) 120     Withdrawn
Indostar Capital Finance                PTC Series A1         Prov         797.7   Assigned
Ltd-Solitaire Cv Trust July                                   ICRA AAA
2019                                                          (SO)
Indure Pvt Ltd                          CC                    ICRA D      2500
(Issuer Not Cooperating)
Indure Pvt Ltd                          Non-FBL               ICRA D      14000
(Issuer Not Cooperating)
Inexo Cast Metal Solutions Pvt          LT – Fund based -CC   ICRA BB     50
Ltd
(Issuer Not Cooperating)
Itarsi Oils & Flours Pvt Ltd            Unallocated – LT      ICRA BBB    16.3
Rating continues to remain under ‘(Issuer Not Cooperating)’ category
Itarsi Oils & Flours Pvt Ltd            TL                    ICRA BBB    40
Rating continues to remain under ‘(Issuer Not Cooperating)’ category
Itarsi Oils & Flours Pvt Ltd            FBL CC                ICRA BBB    1450
                                                              /A3+
Rating continues to remain under ‘(Issuer Not Cooperating)’ category
J.R. Metal Chennai Ltd                  LT – FB Fac           ICRA BB+    50
Reason for delay in carrying out periodic review: Review process is underway
J.R. Metal Chennai Ltd                  LT – Unallocated      ICRA BB+    100
Reason for delay in carrying out periodic review: Review process is underway
Jindal Trading Company                  LT FB – CC            ICRA B+     60      Assigned
Jindal Trading Company                  LT FB – TL            ICRA B+     10.5    Assigned
Jindal Trading Company                  LT/ST – Unallocated   ICRA B+/A4  29.5    Assigned
K. Rasiklal Exim Pvt. Ltd.              Bk Loan Ratings       ICRA BB+    180
                                                              /ICRA A4+
Reason for delay in carrying out periodic review:
- Review process is underway
Kalpana Wines                           LT - Fund Based/ CC   ICRA BB+    40
Rating continues to remain under ‘(Issuer Not Cooperating)’ category
Kalpana Wines                           1                     ICRA BB+    0
Rating continues to remain under ‘(Issuer Not Cooperating)’ category
Karthik Roofings                        LT – TL               ICRA D      17.3
(Issuer Not Cooperating)
Karthik Roofings                        LT – CC               ICRA D      55
(Issuer Not Cooperating)
Karthik Roofings                        ST Non fund based     ICRA D      27.7
(Issuer Not Cooperating)
Karthik Roofings And                    LT – TL               ICRA D      41.7
Structurals Pvt Ltd
(Issuer Not Cooperating)
Karthik Roofings And                    LT – CC               ICRA D      20
Structurals Pvt Ltd
(Issuer Not Cooperating)
Karthik Roofings And                    ST Non fund based     ICRA D      38.3
Structurals Pvt Ltd
(Issuer Not Cooperating)
Kiratpur Ner Chowk Expressway           Fund Based – TL       ICRA D      14748.6
Ltd
(Issuer Not Cooperating)
M. K. Shah Exports Ltd                  FB -TL                ICRA A-     1150    outstanding
M. K. Shah Exports Ltd                  FB - Working Capital  ICRA A-     500     outstanding
                                        Fac
Magnasoft Consulting India Pvt          Fund based- CC        ICRA BBB+   130
Ltd                                                           (SO) @
rating placed on watch with negative implications
Magnasoft Consulting India Pvt          Fund based- TL        ICRA BBB+   20
Ltd                                                           (SO) @
rating placed on watch with negative implications
Magppie Exports Pvt Ltd                 Magppie Exports       ICRA D      195
                                        Private Limited
(Issuer Not Cooperating)
Mangalore Sez Ltd                       TL                    ICRA AA-    5774.2
Reason for delay in carrying out periodic review:- Issuer delayed in giving information
Mangalore Sez Ltd                       Non Fund Based        ICRA AA-    200
                                        Working Capital Fac   /ICRA A1+
Reason for delay in carrying out periodic review:- Issuer delayed in giving information
Mangalore Sez Ltd                       Unallocated           ICRA AA-    785.8
                                                              /ICRA A1+
Reason for delay in carrying out periodic review:- Issuer delayed in giving information
Modern Transformers Pvt Ltd             LT - Fund Based/ CC   ICRA BB     100
Rating continues to remain under ‘(Issuer Not Cooperating)’ category
Mohani Tea Leaves Pvt Ltd               LT Fund Based – CC    ICRA A-     350     Reaffirmed
Nectar Crafts                           LT – TL               ICRA B+     16
(Issuer Not Cooperating)
Nectar Crafts                           LT – Fund Based       ICRA B+     70
(Issuer Not Cooperating)
Nectar Crafts                           LT – Unallocated      ICRA B+     4
(Issuer Not Cooperating)
Panchwati Prayogshala Pvt Ltd           LT - Fund Based TL    ICRA BBB-   15
(Issuer Not Cooperating)
Panchwati Prayogshala Pvt Ltd           LT - Fund Based/ CC   ICRA BBB-   70
(Issuer Not Cooperating)
Panchwati Prayogshala Pvt Ltd           LT - Non-Fund Based   ICRA BBB-   10
(Issuer Not Cooperating)
Pm Cars Pvt. Ltd.                       LT- Fund Based/ TL    ICRA B+     20.3
moved to Issuer Non- cooperating category
Pm Cars Pvt. Ltd.                       LT- Fund Based/ CC    ICRA B+     125
moved to Issuer Non- cooperating category
Pm Cars Pvt. Ltd.                       LT / ST - Unallocated ICRA B+     12.7
                                                              /ICRA A4
moved to Issuer Non- cooperating category
Power Mech Projects Ltd                 FB Limits – CC        ICRA A-     2500    Withdrawn
Power Mech Projects Ltd                 Non-FBL – LT/ST       ICRA A-     10000   Withdrawn
                                                              /ICRA A2+
S.M. Engineers                          LT Cash Credit        ICRA B      25
Rating continues to remain under the ‘(Issuer Not Cooperating)’ category
S.M. Engineers                          LT TL                 ICRA B      50
Rating continues to remain under the ‘(Issuer Not Cooperating)’ category
Savidha Medical Center And              LT TL                 ICRA B      50
Hospital
(Issuer Not Cooperating)
Savidha Medical Center And              LT Unallocated        ICRA B      50
Hospital
(Issuer Not Cooperating)
Shree Balbir Food Product Pvt           BLR                   ICRA B+     150
Ltd
(Issuer Not Cooperating)
Shri Hari Group                         TL                    ICRA BB-    100
Reason for delay in carrying out periodic review:- Issuer delayed in giving information
Shyam Agency Pvt. Ltd.                  LT, FB                ICRA BB+    0       Withdrawn
                                                              (S)
Sita Polyweave Pvt. Ltd.                BLR                   ICRA B /    80
                                                              ICRA A4
(Issuer Not Cooperating)
Sree Akkamamba Textiles Ltd             FB facility           ICRA BB+    270     Downgraded
                                                                                   from
                                                                                   ICRA BBB-
Sree Akkamamba Textiles Ltd             TL                    ICRA BB+    120     Downgraded
                                                                                   from
                                                                                   ICRA BBB-
Sree Akkamamba Textiles Ltd             Unallocated facility  ICRA BB+    91      Downgraded
                                                                                   from
                                                                                   ICRA BBB-
Star Cement Ltd                         Bk Fac                ICRA AA-    2917
                                                              /A1+
Reason for delay in carrying out periodic review:- Review Process is Underway
Sudha Bio Power Pvt Ltd                 CC                    ICRA BB+    65
Reason for delay in carrying out periodic review:- Review process is underway
Sudha Bio Power Pvt Ltd                 TL                    ICRA BB+    180
Reason for delay in carrying out periodic review:- Review process is underway
Sudha Bio Power Pvt Ltd                 Unallocated Limits    ICRA BB+    15
Reason for delay in carrying out periodic review:- Review process is underway
Surajbhan Rajkumar Pvt Ltd              BLR                   ICRA B+ /   350
                                                              ICRA A4
Reason for delay in carrying out periodic review:- Review process is underway
Team Krian                              LT - Fund Based/ CC   ICRA BB+    150
(Issuer Not Cooperating)
Tusha Textiles (Mumbai) Pvt Ltd         Bk Fac                ICRA BB+    140
Reason for delay in carrying out periodic review:- Review process is underway
Ultramarine And Pigments Ltd            LT unallocated        ICRA A+     15      Reaffirmed
Ultramarine And Pigments Ltd            LT - fund based       ICRA A+     75      Reaffirmed
Undavalli Constructions                 Unallocated           ICRA B+     150     Withdrawn
V.R.K. Associates Pvt Ltd               Fund Based - TL       ICRA D      80
(Issuer Not Cooperating)
Vishal Infrastructure Ltd               LT –fund based        ICRA BBB    450
Reason for delay in carrying out periodic review:- Review process is underway

Enterprising Enterprises                LT TL                 ICRA B       295     -
(Rating continues to be under ‘Issuer Not Cooperating’ category 
Icici Prudential Asset                  ICICI Prudential ST   ICRA AAAmfs  -       Reaffirmed
Management Co. Ltd                      Fund (erstwhile ICICI
                                        Prudential ST Plan)
Icici Prudential Asset                  ICICI Prudential      ICRA AAAmfs  -       Reaffirmed
Management Co. Ltd                      Fixed Maturity Plan –
                                        Series 82 – 1185 Days Plan I
Icici Prudential Asset                  ICICI Prudential      ICRA AAAmfs  -       Reaffirmed
Management Co. Ltd                      Medium Term Bond Fund
                                        (erstwhile ICICI Prudential Corporate Bond Fund)
placed on notice of withdrawal for 1 month
Icici Prudential Asset                  ICICI Prudential      ICRA AAAmfs  -       Outstanding
Management Co. Ltd                      Liquid Fund
Icici Prudential Asset                  ICICI Prudential      ICRA AAAmfs  -       Outstanding
Management Co. Ltd                      Bking And PSU Debt
                                        Fund
Icici Prudential Asset                  ICICI Prudential      ICRA AAAmfs  -       Outstanding
Management Co. Ltd                      Corporate Bond Fund
Icici Prudential Asset                  ICICI Prudential      ICRA AAAmfs  -       Outstanding
Management Co. Ltd                      Savings Fund
Icici Prudential Asset                  ICICI Prudential      ICRA AAAmfs  -       Outstanding
Management Co. Ltd                      Money Market Fund
Jm Financial Capital Ltd                NCD (NCD) Programme   ICRA AA      2000    outstanding
Jm Financial Capital Ltd                LT Market Linked      PP-MLDICRA   2000    outstanding
                                        Debenture (Principal  AA
                                        Protected) {MLD (PP)}Programme
Jm Financial Credit Solutions           NCD (NCD) Programme   ICRA AA      4750    Assigned
Ltd
Jm Financial Credit Solutions           NCD Programme         ICRA AA      -       Withdrawn
Ltd
Jm Financial Credit Solutions           NCD Programme         ICRA AA      60250   outstanding
Ltd
Jm Financial Credit Solutions           LT Bk Lines           ICRA AA      35000   outstanding
Ltd
Jm Financial Credit Solutions           LT Market Linked      PP-MLDICRA   3000    outstanding
Ltd                                     Debenture (Principal  AA
                                        Protected) {MLD (PP)} Programme
Jm Financial Products Ltd               NCD (NCD) Programme   ICRA AA      -       Withdrawn
Jm Financial Products Ltd               NCD Programme         ICRA AA      23381   outstanding
Jm Financial Products Ltd               NCD Programme (Public ICRA AA      20000   outstanding
                                        Issue)
Jm Financial Products Ltd               LT, Bk Lines          ICRA AA      25000   outstanding
Jm Financial Products Ltd               LT, Market Linked     PP-MLDICRA   5000    outstanding
                                        Debenture (Principal  AA
                                        Protected) {MLD (PP)} Programme
Jm Financial Properties And             FB Bk Lines – TL      ICRA AA      1350    outstanding
Holdings Ltd
Kemwell Biopharma Pvt Ltd               Fund Based – TL       ICRA BBB-&   200     Withdrawn
Kemwell Biopharma Pvt Ltd               Fund Based – TL NCDs  ICRA         200     Withdrawn
                                        (NCDs)                BBB-&ICRA
                                                              AAA
Keshav Ginning & Pressing               LT FB – CC            ICRA BBB-    700     Withdrawn
Factory                                                       (S)
Keshav Ginning & Pressing               LT FB – TL            ICRA BBB-    72      Withdrawn
Factory                                                       (S)
Keshav Ginning & Pressing               LT- Unallocated LimitsICRA BBB-    8       Withdrawn
Factory                                                       (S)
Ksk Mahanadi Power Co. Ltd              FB - TL (LT)          ICRA D       129520  -
Rating continues to be under ‘Issuer Not Cooperating’ category
Ksk Mahanadi Power Co. Ltd              FB - CC (LT)          ICRA D       11200   -
Rating continues to be under ‘Issuer Not Cooperating’ category
Mandava Holdings Pvt Ltd                NCD                   ICRA AAA(SO) 100     outstanding
Marathwada Auto Cluster                 Fund based - TL       ICRA BB-     28.2    -
Rating continues to remain in the ‘Issuer Not Cooperating’ category
Marathwada Auto Cluster                 Fund based - TL       ICRA BB-     28.2    -
(Rating continues to be under ‘Issuer Not Cooperating’ category
Mrn Agro Industries                     LT - Fund based - TL  -            -       Reaffirmed
Mrn Agro Industries                     LT - Fund based - CC  ICRA BB-     175     Reaffirmed
Oswal Woollen Mills Ltd                 LT FB Bk facility (CC)ICRA A+      3500    Reaffirmed
outlook revised from Stable
Oswal Woollen Mills Ltd                 LT FB Bk facility (TL)ICRA A+      1380.8  Reaffirmed
outlook revised from Stable
Oswal Woollen Mills Ltd                 LT unallocated limits ICRA A+      946     Reaffirmed
outlook revised from Stable
Oswal Woollen Mills Ltd                 LT Non-Fund Based (BG)ICRA A+      20      Reaffirmed
outlook revised from Stable
Oswal Woollen Mills Ltd                 LT/ ST Non-Fund Based ICRA A+      120     Reaffirmed
                                        (LOC/ BG^)
outlook revised from Stable
Phoenix Conveyor Belt India             FB Limits –           ICRA A+      100     Downgraded
(P) Ltd                                 Overdraft/ Bill                            from ICRA
                                        Discounting#                               AA-/ICRA A1+
                                                                                   Reaffirmed
Phoenix Conveyor Belt India             Non-FBL – BG/ LOC     ICRA A+      1480    Downgraded
(P) Ltd                                                                            from ICRA
                                                                                   AA-/ICRA A1+
                                                                                   /Reaffirmed
Png Tollway Ltd                         TL                    ICRA D       11989.1 Withdrawn
Pradip Polyfils Pvt Ltd                 FB-TL                 ICRA BB      25.4    Withdrawn
Pradip Polyfils Pvt Ltd                 FB-CC                 ICRA BB      30      Withdrawn
Pradip Polyfils Pvt Ltd                 FB-TL                 ICRA BB      25.4    Withdrawn
Pradip Polyfils Pvt Ltd                 FB-CC                 ICRA BB      30      Withdrawn
Pradip Polyfils Pvt Ltd                 Unallocated           ICRA BB /    4.6     Withdrawn
                                                              ICRA A4
Pradip Polyfils Pvt Ltd                 Unallocated           ICRA BB/     4.6     Withdrawn
                                                              ICRA A4
Pushpak Bullions Pvt. Ltd.              LT - FBL              ICRA D       1400    -
Rating continues to remain in the ‘Issuer Not Cooperating’ category
Pushpak Bullions Pvt. Ltd.              LT - Unallocated      ICRA D       100     -
                                        limits
Rating continues to remain in the ‘Issuer Not Cooperating’ category
Sabri Food Products Pvt Ltd             Fund based TL         ICRA BB      9.1     Reaffirmed
Sabri Food Products Pvt Ltd             Unallocated limits    ICRA BB      0.9     Reaffirmed
                                                              /ICRA A4+
Sandfits Foundries Pvt Ltd              TL                    ICRA A-      100     Reaffirmed
Sandfits Foundries Pvt Ltd              LT fund based         ICRA A-      250     Reaffirmed
Saratha Electro Plater                  LT Fund based         ICRA B       15      -
(Rating continues to be under ‘Issuer Not Cooperating’ category
Saratha Electro Plater                  LT TL                 ICRA B       48      -
(Rating continues to be under ‘Issuer Not Cooperating’ category
Saratha Electro Plater                  LT/ST Unallocated     ICRA B/ICRA  37      -
                                                              A4
(Rating continues to be under ‘Issuer Not Cooperating’ category
Satin Creditcare Network Ltd            Eddard MFL Northern   ICRA A(SO)   24      Withdrawn
                                        Arc 2018 PTC Series A2
Satin Creditcare Network Ltd            Eddard MFL Northern   ICRA AA-(SO) 680.2   Withdrawn
                                        Arc 2018 PTC Series A1
Satyam Spinners Pvt Ltd                 LT FB – CC            ICRA BB+     155     Withdrawn
                                                              (S)
(Issuer - Not Cooperating’ category)
Sri Sai Leela Electrical                LT - Fund Based/ CC   ICRA B+      35      -
Projects
continues to remain under Issuer Non- cooperating category
Sri Sai Leela Electrical                LT - Non Fund Based   ICRA B+      85      -
Projects
continues to remain under Issuer Non- cooperating category
Srs Ltd                                 LT Fund based- CC     ICRA D       3500    -
(Rating continues to be under ‘Issuer Not Cooperating’ category
Srs Ltd                                 LT Fund basedTL       ICRA D       100     -
(Rating continues to be under ‘Issuer Not Cooperating’ category
Srs Ltd                                 LT/ST Fund Based/Non  ICRA D /     2370    -
                                        Fund Based            ICRA D
(Rating continues to be under ‘Issuer Not Cooperating’ category
Ss Indus Solar Energy Pvt Ltd           FB Limits - TL        ICRA BB+     65      -
Rating continues to be under ‘Issuer Not Cooperating’ category
Susee Trucks Pvt Ltd                    LT- Unallocated       -            -       Reaffirmed
Susee Trucks Pvt Ltd                    LT- Fund based- CC    ICRA B       60      Reaffirmed
Swayamprabha Udyam & Company            LT – FB – CC          ICRA B+      20      Upgraded
                                                                                   from ICRA B
The Associated Auto Parts Pvt           Fund                  ICRA A+      40      Reaffirmed
Ltd                                     based-OCC/optionally
                                        convertible debentureBD
The Winning Edge Agro Products          Fund based – CC       ICRA B+      60      Withdrawn
(Issuer - Not Cooperating’ category)
The Winning Edge Agro Products          Fund based – TL       ICRA B+      35.5    Withdrawn
(Issuer - Not Cooperating’ category)
The Winning Edge Agro Products          Unallocated limits    ICRA B+      2       Withdrawn
(Issuer - Not Cooperating’ category)
Tvs Credit Services Ltd                 FB TL                 ICRA A+      21460   Reaffirmed
Vardhman Polytex Ltd                    LT FB Fac - CC        ICRA D       1593.1  -
Rating continues to be under ‘Issuer Not Cooperating’ category
Vardhman Polytex Ltd                    LT FB Fac - TL        ICRA D       2323.1  -
Rating continues to be under ‘Issuer Not Cooperating’ category
Vardhman Polytex Ltd                    LT FB Fac -           ICRA D       723.8   -
                                        Unallocated
Rating continues to be under ‘Issuer Not Cooperating’ category
Vipul Industries Pvt Ltd                Fund based - TL       ICRA BB      10.9    -
(Rating continues to be under ‘Issuer Not Cooperating’ category
Vipul Industries Pvt Ltd                Fund based - Working  ICRA BB      35.7    -
                                        Capital Loan
(Rating continues to be under ‘Issuer Not Cooperating’ category
Vipul Industries Pvt Ltd                Fund based - OverdraftICRA BB      99      -
(Rating continues to be under ‘Issuer Not Cooperating’ category
--------------------------------------------------------------------------------------------
$: Rating watch with positive implication
#: Rating Watch with Developing implications
@: Rating Watch with Negative Implications
%: Rating under Credit Watch
wd -Rating Stands Withdrawn
sp -Rating Suspended
pp -Principal Protected
pn -Principal Not Protected

ICRA may apply + or - signs for ratings to reflect a comparative standing within the category.

BG-Bank Guarantee; CC-Cash Credit; CCPS-Cumulative Convertible Preference Share; CD-Certificate
of Deposit; CLO-Collateralized Loan Obligation; CPA-Claims Paying Ability; CP-Commercial
Paper; CPS-convertible preference shares; CRPS- Cumulative Redeemable Convertible Preference
shares; DDB-Deep Discount Bond; EPBI-Exchange premium bond; FBL-Fund Based Limits; FRB/FRN
-Floating Rate Bond/Note; ICD -Inter Corporate Deposit; ITD-Immediate Term Debt; LOC-Letter of
Credit; LT -Long Term; LTB -Long Term Borrowing; LTD -Long Term Debt; MOCD-multiple option
convertible debenture; MTD -Medium term Debenture; MTN-medium term notes; NCD(SO) -
Non-Convertible Debenture-(Structured Obligation); NCD-Non-convertible Debentures; NCRB-Non
Convertible Redeemable Bonds; NM-Not Meaningful; OCD-optionally convertible debenture; OD-Over
Draft; OFCD-Optionally Fully Convertible Debenture; PCD-Partially Convertible Debenture;
PCN-partly convertible notes; PCPS-Partly Convertible Preference Share; POCD-partly optional;
PP-privately placed; PSPC-Post Shipment & Packing Credit; PS-Preference Shares; PTC-Pass
Through Certificates; RPS-Redeemable Preference Shares; SCPN-secured convertible preference
notes; SDO-Structured Debt Obligation; SLR-Statutory Liquidity Ratio; SO-Structured
Obligation; SPCD - Secured Partly Convertible Debentures; SPN-secured premium notes; STB-Short
Term Bond; STD-Short Term Debentures; ST-Short Term; Sub. Bonds-Subordinate Bonds; TB-Taxable
Bond; TFB-Tax Free Bond; TL-Term Loan; TOCD-triple option convertible debentures.

(Mumbai Rate Reporting Unit + 91 22 6180 7222 / 3317 7222 , E-mail at
rru.data@thomsonreuters.com)
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