August 17, 2018 / 10:15 AM / in 3 months

RPT-ICRA ratings for Indian debt instruments-Aug 17

 (Repeating to add additional ratings as of August 16, 2018)
    Aug 17 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of August 16, 2018.


COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Angre Port Pvt Ltd                      Capex LC (sub-limit   ICRA         -       Reaffirmed
                                        of TL)                A2+(SO)@
Avani Petrochem Pvt Ltd                 Non-FBL#              ICRA A4      -       Reaffirmed
# sub-limit of fund-based limits/removed from issuer-not-cooperating category
Chowgule And Company Pvt Ltd            ST Fund Based and     ICRA A1+@    1820.3  Reaffirmed
                                        Non-FBL
Infrastructure Leasing &                CP programme          ICRA A1+&    25000   Outstanding
Financial Services Ltd
& - Under rating watch with developing implications
Kribhco Fertilizers Ltd                 CP                    ICRA A1+     8000    Assigned
L.C. Foods Ltd                          Non-FBL               ICRA D       20      downgraded
                                                                                   from ICRA A4
Nkc Projects Pvt Ltd                    Non-FBL               ICRA A3      3475    Withdrawn
Pricol Ltd (Erstwhile Pricol            ST non-fund based     ICRA A2      210     Revised from
Pune Ltd)                                                                          ICRA A2+#
Pricol Ltd (Erstwhile Pricol            ST non-fund based     ICRA A2      -       revised from
Pune Ltd)                               (sublimit)                                 ICRA A2+#
Prism Enterprises Pvt Ltd               ST – Non-fund Based   ICRA A4      21      Withdrawn
Prism Enterprises Pvt Ltd               ST – Interchangeable  ICRA A4      -       Withdrawn
Seaga India Pvt Ltd                     ST Nonfund Based      ICRA A4      20
Rating moved to the ‘Issuer Not Cooperating’ category
Tulip Granites Pvt. Ltd.                ST FBL                ICRA A4+     180     Assigned
Tulip Granites Pvt. Ltd.                ST NFBL               ICRA A4+     30      Assigned
Angre Port Pvt Ltd                      TL                    ICRA A-(SO)@ 1750    Reaffirmed
Mangalore Refinery And                  Non-FBL               ICRA A1+     40000   Reaffirmed
Petrochemicals Ltd
Mangalore Refinery And                  CP                    ICRA A1+     9000    Outstanding
Petrochemicals Ltd
Yes Bank Ltd                            CD Programme          ICRA A1+     200000  Assigned /
                                                                                   Outstanding
Yes Bank Ltd                            ST Fixed Deposit      ICRA A1+     -       Outstanding
                                        Programme
Action Industrial Corporation           -                     -            -       No Default
                                                                                   Statement
(ISSUER NOT COOPERATING)
Bk Threshers Pvt Ltd                    -                     -            -       No Default
                                                                                   Statement
(ISSUER NOT COOPERATING)
Devanga Sangha                          -                     -            -       No Default
                                                                                   Statement
(ISSUER NOT COOPERATING)
Discovery Laboratories Pvt Ltd          -                     -            -       No Default
                                                                                   Statement
(ISSUER NOT COOPERATING)
Euro Forge Pvt Ltd                      -                     -            -       No Default
                                                                                   Statement
(ISSUER NOT COOPERATING)
Ganges Ford (Prop: Lexicon              -                     -            -       No Default
Commercial Enterprises Ltd.)                                                       Statement
(ISSUER NOT COOPERATING)
Giriraj Jewellers Pvt Ltd               -                     -            -       No Default
                                                                                   Statement
(ISSUER NOT COOPERATING)
Il&Fs Transportation Networks           -                     -            -       No Default
Ltd                                                                                Statement
(ISSUER NOT COOPERATING)
Indian Gem & Jewellery                  -                     -            -       No Default
Creation Pvt Ltd                                                                   Statement
(ISSUER NOT COOPERATING)
Jay Formulations Ltd                    -                     -            -       No Default
                                                                                   Statement
(ISSUER NOT COOPERATING)
Kamala Board Box Pvt. Ltd.              -                     -            -       No Default
                                                                                   Statement
(ISSUER NOT COOPERATING)
Kap Cones Pvt Ltd                       -                     -            -       No Default
                                                                                   Statement
(ISSUER NOT COOPERATING)
Locksmiths Industries Pvt Ltd           -                     -            -       No Default
                                                                                   Statement
(ISSUER NOT COOPERATING)
Lucky Steel Industries (Ship            -                     -            -       No Default
Breaking Division)                                                                 Statement
(ISSUER NOT COOPERATING)
Mahan Plastics Pvt Ltd                  -                     -            -       No Default
                                                                                   Statement
(ISSUER NOT COOPERATING)
N.R. Constructions                      -                     -            -       No Default
                                                                                   Statement
(ISSUER NOT COOPERATING)
Pitambara Foods                         -                     -            -       No Default
                                                                                   Statement
(ISSUER NOT COOPERATING)
Prompt Terminals Pvt Ltd                -                     -            -       No Default
                                                                                   Statement
(ISSUER NOT COOPERATING)
Reliance Industrial Consortium          -                     -            -       No Default
Ltd                                                                                Statement
(ISSUER NOT COOPERATING)
Sahajanand Technologies Pvt Ltd         -                     -            -       No Default
                                                                                   Statement
(ISSUER NOT COOPERATING)
Sanchit Polymers                        -                     -            -       No Default
                                                                                   Statement
(ISSUER NOT COOPERATING)
Sepal Ceramic                           -                     -            -       No Default
                                                                                   Statement
(ISSUER NOT COOPERATING)
Singhal Strips Ltd                      -                     -            -       No Default
                                                                                   Statement
(ISSUER NOT COOPERATING)
Sri Subramanyeswara Polymers            -                     -            -       No Default
                                                                                   Statement
(ISSUER NOT COOPERATING)
Sunglow Suitings Pvt Ltd                -                     -            -       No Default
                                                                                   Statement
(ISSUER NOT COOPERATING)
Tips Industries Ltd                     -                     -            -       No Default
                                                                                   Statement
(ISSUER NOT COOPERATING)
Vishnushiva Infrastructure              -                     -            -       No Default
                                                                                   Statement
(ISSUER NOT COOPERATING)
Y. S. Investments                       -                     -            -       No Default
                                                                                   Statement
(ISSUER NOT COOPERATING)
 

LONG TERM RATINGS:
-------------------
Avani Petrochem Pvt Ltd                 FB limits             ICRA BB-     506     Revised from
                                                                                   ICRA BB
removed from issuer-not-cooperating category
Badami Town Municipal Council           Issuer rating         ICRA BB      Nil     Withdrawn
Bagalkote City Municipal                Issuer rating         ICRA BBB-    Nil     Withdrawn
Council
Bhadravathi City Municipal              Issuer rating         ICRA BBB-    Nil     Withdrawn
Council
Chowgule And Company Pvt Ltd            TL                    ICRA A+@     1450    Reaffirmed
Chowgule And Company Pvt Ltd            LT Non-FBL            ICRA A+@     1350    Reaffirmed
Gadag-Betageri City Municipal           Issuer rating         ICRA BBB-    Nil     Withdrawn
Council
Infrastructure Leasing &                NCD Programme         ICRA AA+#    7500    Assigned
Financial Services Ltd
Infrastructure Leasing &                LT – TL               ICRA AA+#    3500    Outstanding
Financial Services Ltd
Infrastructure Leasing &                NCD Programme         ICRA AA+#    44750   Outstanding
Financial Services Ltd
K.G.O.C. Terminals Pvt. Ltd             Unallocated           ICRA B       470     Withdrawn
Kalyani Motors Pvt Ltd                  LT -Fund Based/ CC    ICRA BBB-    250     Reaffirmed
Kribhco Fertilizers Ltd                 NCD Programme-Series  ICRA AA(SO)  1000    outstanding
                                        B
L.C. Foods Ltd                          FBL                   ICRA D       190     Downgraded
                                                                                   from ICRA B+
M/S. M.D.Agro Foods                     LT Fund based         ICRA B+      300
Rating moved to the Issuer Not ‘Cooperating’ category
Mansa Devi Rice Mills                   LT Fund based         ICRA B+      310
Rating moved to the ‘Issuer Not Cooperating’ category
Microcare Computers Pvt. Ltd            Fund based – CC       ICRA BBB-    40      Assigned
Microcare Computers Pvt. Ltd            Non-Fund based        ICRA BBB-    400     Assigned
                                                              /ICRA A3
Microcare Computers Pvt. Ltd            Unallocated           ICRA BBB-    10      Assigned
                                                              /ICRA A3
Mula Agro Products Pvt Ltd              LT - Unallocated      ICRA B+      10      Reaffirmed
removed from non-cooperation
Nkc Projects Pvt Ltd                    FB Limits             ICRA BBB-    525     Withdrawn
Pricol Ltd (Erstwhile Pricol            TL                    ICRA BBB+    316.6   Revised from
Pune Ltd)                                                                          ICRA A-#
Pricol Ltd (Erstwhile Pricol            LT FB                 ICRA BBB+    1450    Revised from
Pune Ltd)                                                                          ICRA A-#
Pricol Ltd (Erstwhile Pricol            LT unallocated        ICRA BBB+    773.4   Revised from
Pune Ltd)                                                                          ICRA A-#
Prism Enterprises Pvt Ltd               LT- FB/CC             ICRA BB-     979     Withdrawn
Prism Enterprises Pvt Ltd               LT- Interchangeable   ICRA BB-     -       Withdrawn
Ranebennur City Municipal               Issuer rating         ICRA BBB-    Nil     Withdrawn
Council
Rawmate Solutions                       Issuer Rating         ICRA B       -       Assigned
Satya Microcapital Ltd.                 NCD programme         ICRA BBB-    200     Upgraded
                                                                                   from ICRA BB+
Satya Microcapital Ltd.                 NCD programme         ICRA BBB-    340     Assigned
Seaga India Pvt Ltd                     LT Fund Based         ICRA B+      80
Rating moved to the ‘Issuer Not Cooperating’ category
Sequent Research Ltd                    TL                    ICRA BBB     80      Withdrawn
Shree Balaji Wire Netting               FB Fac(CC)            ICRA B+      70      Withdrawn
Industries India Pvt Ltd
Shree Balaji Wire Netting               Unallocated limits    ICRA         9       Withdrawn
Industries India Pvt Ltd                                      B+/ICRA A4
Shree Hari Industries                   LT Fund based         ICRA BB+     180
Rating moved to the ‘Issuer Not Cooperating’ category
Shubhlaxmi Gum Industries               FB – TL               ICRA B       14.8    Reaffirmed
Shubhlaxmi Gum Industries               FB – CC               ICRA B       70      Reaffirmed
Syndicate Bank                          Tier II Bonds         ICRA AA      32500   Downgraded
                                        Programme –Basel III (hyb)                 from ICRA
                                                                                   AA+ (hyb)
Tulip Granites Pvt. Ltd.                LT FBL                ICRA BB+     50      Assigned
Vijayapura City Corporation             Issuer rating         ICRA BBB-    Nil     Withdrawn
Vinplex India Pvt Ltd                   optionally            ICRA BBB-    70      Withdrawn
                                        convertible debenture
Vinplex India Pvt Ltd                   TL                    ICRA BBB-    515     Withdrawn
Vinplex India Pvt Ltd                   LT-Unallocated        ICRA BBB-    15      Withdrawn
Indian Gem & Jewelleryimperial          FBL                   ICRA BB      300     Reaffirmed
Pvt Ltd
Indian Gem & Jewelleryimperial          Untied Limits         ICRA BB      50      Reaffirmed
Pvt Ltd
Mangalore Refinery And                  FBL                   ICRA AAA     16286   Reaffirmed
Petrochemicals Ltd
Mangalore Refinery And                  TL                    ICRA AAA     13714   Reaffirmed
Petrochemicals Ltd
Mangalore Refinery And                  Issuer Rating         ICRA AAA     -       Outstanding
Petrochemicals Ltd
Mauli Fresh Agro Industriespvt          LT –Fund Based TL     ICRA B       160     Reaffirmed
Limite
(Removed from Non-Cooperation)
Mauli Fresh Agro Industriespvt          LT –Fund Based CC     ICRA B       20      Reaffirmed
Limite
(Removed from Non-Cooperation)
Mauli Fresh Agro Industriespvt          LT -Unallocated       ICRA B       70      Reaffirmed
Limite
(Removed from Non-Cooperation)
Yes Bank Ltd                            Basel II Compliant    ICRA AA      15441   Outstanding
                                        Upper Tier II Bond
                                        Programme
Yes Bank Ltd                            Basel II Compliant    ICRA AA      4610    Outstanding
                                        Tier I Bond Programme
Yes Bank Ltd                            Basel III Compliant   ICRA AA      108000  Outstanding
                                        Additional Tier I
                                        Bond Programme
Yes Bank Ltd                            Basel II Compliant    ICRA AA+     25306   Outstanding
                                        Lower Tier II Bond
                                        Programme
Yes Bank Ltd                            Infrastructure Bond   ICRA AA+     70300   Outstanding
                                        Programme
Yes Bank Ltd                            Basel III Compliant   ICRA AA+     109000  Outstanding
                                        Tier II Bond Programme(hyb)
 
--------------------------------------------------------------------------------------------
$: 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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