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RPT-ICRA ratings for Indian debt instruments-Aug 18
August 18, 2017 / 10:31 AM / 3 months ago

RPT-ICRA ratings for Indian debt instruments-Aug 18

 (Repeating to add more Ratings)
    Aug 18 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of August 17, 2017.


COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Chetan Vyas & Associates                Non-FB – BG           ICRA A4      110     Withdrawn
Duncan Engineering Ltd                  ST FB                 ICRA A1(SO)  30      Reaffirmed
Duncan Engineering Ltd                  ST Non FB             ICRA A1(SO)  55      Reaffirmed
Dwarikesh Sugar Industries Ltd          CP                    ICRA A1+     1000    Assigned
Hitech Cellphone Pvt Ltd                Non-FB-limits         ICRA A4      70      Issuer not
                                                                                   co-operating
Ramkumar Mills Pvt Ltd                  ST – Non FBL          ICRA A4      40
ISSUER NOT COOPERATING
Sameep Fabrics Pvt Ltd                  Non-FB, ST facility   ICRA A4      4.4     Withdrawn
Ramkumar Mills Pvt Ltd                  ST – Non FBL          ICRA A4      40      Issuer not
                                                                                   co-operating
Sacheta Metals Ltd                      Export Packing        ICRA A4+     100     Reaffirmed
                                        Credit(EPC)/Packing
                                        Credit Foreign Currency (PCFC )
Sacheta Metals Ltd                      LOC (LC)/Buyers       ICRA A4+     60      Reaffirmed
                                        Credit (BC)
Sacheta Metals Ltd                      Forward Exchange      ICRA A4+     2       Reaffirmed
                                        Contract
Sanghvi Movers Ltd                      CP                    ICRA A1+     250     Reaffirmed
Sanghvi Movers Ltd                      ST FBL                ICRA A1+     75      Reaffirmed
Sanghvi Movers Ltd                      ST Non-FBL            ICRA A1+     75      Reaffirmed
Sanghvi Movers Ltd                      ST Non-FBL#           ICRA A1+     3500    Reaffirmed
# - Sublimit to the term loan facility
Siewert And Dholakia Overseas           ST non-fund based     ICRA A4+     2       Reaffirmed
Pvt Ltd
Simpolo Vitrified Pvt Ltd               Non-fund based BG     ICRA A2+     90      Withdrawn
Simpolo Vitrified Pvt Ltd               Non-fund based        ICRA A2+     10      Withdrawn
                                        Derivative
Sri Swetharka Constructions             ST- BG                ICRA A4      30      Reaffirmed
Pvt Ltd
Tata Sons Ltd                           CP programme          ICRA A1+     26250   outstanding
Tci Express Ltd                         CP                    ICRA A1+     400     Reaffirmed
(enhanced from 30.0crs)
Usha International Ltd                  Non-FBL               ICRA A3      2100    Downgraded
                                                                                   from ICRA
                                                                                   A3+
LONG TERM RATINGS:
-------------------
Action Retail Ventures Pvt Ltd          Fund Based            ICRA B+      74      Reaffirmed
Amber International                     FB limits             ICRA B+      52.5    Reaffirmed
                                                              /ICRA A4
Atc Foods Pvt Ltd                       CC                    ICRA BB-     650     Upgraded
                                                                                   from ICRA B+
Avon Elastomers India                   LT Fund Based         ICRA B+      75      Assigned
Avon Elastomers India                   LT Non -Fund          ICRA B+      55      Assigned
Avon Elastomers India                   Unallocated (Proposed ICRA B+      45      Assigned
Bajrang Bronze Llp                      CC                    ICRA B-      30      Issuer not
                                                                                   co-operating
Bajrang Bronze Llp                      TL                    ICRA B-      22.9    Issuer not
                                                                                   co-operating
Bhairaav Erectors Ltd                   NCDs (NCD)            ICRA BB      500     Withdrawn
Pytex Jewellers Pvt Ltd                 LT FB – CC            ICRA B+      100
ISSUER NOT COOPERATING
Ramkumar Mills Pvt Ltd                  LT – Fundbased limits ICRA BB      190
                                        (CC)
ISSUER NOT COOPERATING
Ramkumar Mills Pvt Ltd                  LT – TL               ICRA BB      15.9
ISSUER NOT COOPERATING
Ramkumar Mills Pvt Ltd                  LT/ST – Unallocated   ICRA BB      8
                                        Limit
ISSUER NOT COOPERATING
Sameep Fabrics Pvt Ltd                  FB – CC               ICRA B       235     Withdrawn
Unity Care & Health Services            LT- Fund Based- TL    ICRA BB+     107     Reaffirmed
Pvt Ltd
Unity Care & Health Services            LT- Fund Based-       ICRA BB+     30      Reaffirmed
Pvt Ltd                                 Overdraft
Unity Care & Health Services            LT- Unallocated       ICRA BB+     48      Reaffirmed
Pvt Ltd
Chetan Vyas & Associates                FB – CC               ICRA BB-     15      Withdrawn
Cms It Services Pvt Ltd                 LT-FB/ CC             ICRA BBB-    150     Assigned
Daftari Agro Pvt Ltd                    BLR                   ICRA B+      92.5    Issuer not
                                                                                   co-operating
Duncan Engineering Ltd                  LT FB CC              ICRA A(SO)   150     Reaffirmed
Duncan Engineering Ltd                  LT FB TL              ICRA A(SO)   65      Reaffirmed
Dwarikesh Sugar Industries Ltd          FB TL                 ICRA A+      1224.9  outstanding
Dwarikesh Sugar Industries Ltd          FB CC                 ICRA A+      2850    outstanding
Dwarikesh Sugar Industries Ltd          Non-fund Based        ICRA A+      50      outstanding
Dwarikesh Sugar Industries Ltd          Unallocated limit     ICRA A+      1875    outstanding
Enrich Rd Infraprojects Pvt Ltd         Bk loan               ICRA C+/     150     Issuer not
                                                              ICRA A4              co-operating
Hitech Cellphone Pvt Ltd                FB-limits             ICRA BB      80      Issuer not
                                                                                   co-operating
Hitech Cellphone Pvt Ltd                Unallocated Limits    ICRA BB      50      Issuer not
                                                                                   co-operating
Kailash Cold Storage                    TL                    ICRA B       38.3    Issuer not
                                                                                   co-operating
Kailash Cold Storage                    CC                    ICRA B       29.6    Issuer not
                                                                                   co-operating
Krish Cereal Pvt Ltd                    FB Limits             ICRA BB+     230     Assigned
Laxmi Cotton                            LT - FBL              ICRA B+      80      -
Lioli Ceramica Pvt Ltd                  Unallocated limits    ICRA B /     1250    assigned
                                                              ICRA A4
Maheshwari Structures                   LT, FBL – CC          ICRA B       50      Issuer not
                                                                                   co-operating
Maheshwari Structures                   LT, FBL – TL          ICRA B       11      Issuer not
                                                                                   co-operating
Ramkumar Mills Pvt Ltd                  LT – Fundbased limits ICRA BB      190     Issuer not
                                        (CC)                                       co-operating
Ramkumar Mills Pvt Ltd                  LT – TL               ICRA BB      15.9    Issuer not
                                                                                   co-operating
Ramkumar Mills Pvt Ltd                  LT/ST – Unallocated   ICRA BB      8       Issuer not
                                        Limit                 /ICRA A4             co-operating
Rich Offset (I) Pvt Ltd                 Bk loan               ICRA BB+     130.7   Issuer not
                                                                                   co-operating
Rich Prints Pvt Ltd                     Bk loan               ICRA BB- /   278.4   Issuer not
                                                              ICRA A4              co-operating
Sacheta Metals Ltd                      Demand CC (DCC)       ICRA BB      10      Reaffirmed
Sanghvi Movers Ltd                      TL/ Buyers Credit/    ICRA A+      7438.8  Reaffirmed
                                        Capex LC
Sanghvi Movers Ltd                      LT FBL, CC            ICRA A+      1000    Reaffirmed
Sanskar Agro Processors Pvt.            Bk loan               ICRA B+/     300     Issuer not
Ltd.                                                          ICRA A4              co-operating
Shanti Educational Trust                FB – TL               ICRA D       71      Downgraded
                                                                                   from ICRA B-
ISSUER NOT COOPERATING
Shri Ganesh Agro Foods                  LT Unallocated        ICRA BB-     500     Assigned
Siewert And Dholakia Overseas           LT FB                 ICRA BB+     60      Reaffirmed
Pvt Ltd
Siewert And Dholakia Overseas           LT unallocated        ICRA BB+     2.4     Reaffirmed
Pvt Ltd
Silverline Investments                  TL                    ICRA C+      52.5    Issuer not
                                                                                   co-operating
Silverline Investments                  LT unallocated        ICRA C+      74      Issuer not
                                                                                   co-operating
Simpolo Vitrified Pvt Ltd               FB CC                 ICRA A-      650     Withdrawn
Sri Swetharka Constructions             LT- CC                ICRA B+      60      Reaffirmed
Pvt Ltd
Sri Vaibhav Muruga Agro Tech            LT - FBL              ICRA B+      127.4   -
Industries
Sri Vaibhav Muruga Agro Tech            LT - Unallocated      ICRA B+      72.6    -
Industries                              limits
Syndicate Bank                          Tier-II Bonds         ICRA         32500   Reaffirmed
                                        ProgrammeBasel III    AA+(hyb)
Tata Sons Ltd                           NCD programme         ICRA AAA     10000   Assigned
Tata Sons Ltd                           NCD programmes        ICRA AAA     18600   Withdrawn
Tata Sons Ltd                           NCD programmes        ICRA AAA     207450  outstanding
Usha International Ltd                  Bk Fac (including TL  ICRA BBB-    1400    Downgraded
                                        and unallocated Fac)                       from
                                                                                   ICRA BBB
Vaidehi Enterprise                      CC                    ICRA B       50      Issuer not
                                                                                   co-operating
--------------------------------------------------------------------------------------------
$: 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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