August 19, 2019 / 11:20 AM / 2 months ago

RPT-ICRA ratings for Indian debt instruments-Aug 19

 (Repeating to add more Ratings.)
    Aug 19 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of August 16, 2019.

COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Diagold Designs Ltd                     ST – FB- Working      ICRA A4      200     Withdrawn
                                        Capital Fac
G3 Motors Ltd (Erstwhile G3             Non-Fund basedLOC     ICRA D       200     Downgraded
Motors Pvt. Ltd.):                                                                 from ICRA A4+
Rating continues to be in ‘Issuer not cooperating’ category
Diagold Designs Ltd                     ST - Non-fund         ICRA A4      80      Withdrawn
                                        BasedWorking Capital
                                        Fac
Diagold Designs Ltd                     ST - Unallocated      ICRA A4      50      Withdrawn
                                        Limits
Asm Technologies Ltd                    ST – Interchangeable^ ICRA A3      -       Downgraded
                                                                                   from ICRA A3+
^ The short-term interchangeable limits are sub-limits of the cash credit limits
Housing Development Finance             CP                    ICRA A1      750000  outstanding
Corporation Ltd
Kobe Suspension Company Pvt Ltd         ST: Fund Based        ICRA A4      32      Reaffirmed
Kobe Suspension Company Pvt Ltd         ST: Fund Based        ICRA A4      32      Reaffirmed
Mosaic India Pvt Ltd                    ST un-allocated       -            -       -
Lakshmi Life Sciences Ltd               ST – Non-fund based   ICRA A4      30      Withdrawn
Mosaic India Pvt Ltd                    ST FBL                ICRA A1+     7750    Reaffirmed
Mosaic India Pvt Ltd                    CP programme ST       ICRA A1+     2000    Reaffirmed
                                        un-allocated Trust
                                        Name
Mosaic India Pvt Ltd                    ST FBL                ICRA A1+     7750    Reaffirmed
Mosaic India Pvt Ltd                    CP programme          ICRA A1+     2000    Reaffirmed
State Bank Of India                     Certificates of       ICRA A1+     415000  outstanding
                                        Deposits
Asm Technologies Ltd                    ST - Non-fund Based   -            -       -

MEDIUM TERM RATINGS:
-------------------
State Bank Of India                     Medium Term Deposits  MAAA         -       outstanding
Housing Development Finance             Fixed deposit         MAAA         -       outstanding
Corporation Ltd                         programme

LONG TERM RATINGS:
-------------------
G3 Motors Ltd (Erstwhile G3             Fund based-CC         ICRA D       120     Downgraded
Motors Pvt. Ltd.):                                                                 from ICRA BB
Rating continues to be in ‘Issuer not cooperating’ category
G3 Motors Ltd (Erstwhile G3             Fund based-TL         ICRA D       27.2    Downgraded
Motors Pvt. Ltd.):                                                                 from ICRA BB
Rating continues to be in ‘Issuer not cooperating’ category
G3 Motors Ltd (Erstwhile G3             Unallocated           ICRA D       152.8   Downgraded
Motors Pvt. Ltd.):                                                                 from ICRA BB
Rating continues to be in ‘Issuer not cooperating’ category
Asm Technologies Ltd                    LT - CC               ICRA BBB-    98      Downgraded
                                                                                   from ICRA BBB
Asm Technologies Ltd                    LT - Unallocated      ICRA BBB-    138.4   Downgraded
                                                                                   from ICRA BBB
Bhalkeshwar Sugars Ltd                  non submission of     ICRA D       -       -
                                        monthly ‘No Default
                                        Statement’ (“NDS”)
Canon Ball Fashions                     non submission of     -            -       -
                                        monthly ‘No Default
                                        Statement’ (“NDS”)
(Issuer Not Cooperating Category)
Choudhary Gum & Derivatives             non submission of     -            -       -
                                        monthly ‘No Default
                                        Statement’ (“NDS”)
(Issuer Not Cooperating Category)
D.D.R & Co.                             non submission of     -            -       -
                                        monthly ‘No Default
                                        Statement’ (“NDS”)
(Issuer Not Cooperating Category)
Dattar Ceramic Pvt Ltd                  non submission of     -            -       -
                                        monthly ‘No Default
                                        Statement’ (“NDS”)
(Issuer Not Cooperating Category)
Devanga Sangha                          non submission of     -            -       -
                                        monthly ‘No Default
                                        Statement’ (“NDS”)
(Issuer Not Cooperating Category)
Hari Bhog Foods Pvt Ltd                 non submission of     -            -       -
                                        monthly ‘No Default
                                        Statement’ (“NDS”)
(Issuer Not Cooperating Category)
Housing Development Finance             NCDs programme        ICRA AAA     450000  Assigned
Corporation Ltd
Housing Development Finance             NCDs programme        ICRA AAA     1721150 outstanding
Corporation Ltd
Housing Development Finance             Subordinated debt     ICRA AAA     55000   outstanding
Corporation Ltd                         programme
Housing Development Finance             Issuer rating         ICRA AAA     -       outstanding
Corporation Ltd
Housing Development Finance             Bk lines              ICRA AAA /   750000  outstanding
Corporation Ltd                                               ICRA A1+
India Infoline Finance Ltd              Shining Metal Trust   ICRA AAA(SO) 4000    Assigned
                                        August 2019 PTCs
                                        Series A
Jonna Iron Mart                         non submission of     -            -       -
                                        monthly ‘No Default
                                        Statement’ (“NDS”)
(Issuer Not Cooperating Category)
Jude Foods India Pvt Ltd                non submission of     -            -       -
                                        monthly ‘No Default
                                        Statement’ (“NDS”)
(Issuer Not Cooperating Category)
Kobe Suspension Company Pvt Ltd         LT: Fund Based/CC     ICRA B+      8       Reaffirmed
Kobe Suspension Company Pvt Ltd         LT: Fund Based/CC     ICRA B+      8       Reaffirmed
Kobe Suspension Company Pvt Ltd         LT/ST: Unallocated    ICRA B+ /    30      Reaffirmed
                                                              ICRA A4
Kobe Suspension Company Pvt Ltd         LT/ST: Unallocated    ICRA B+      30      Reaffirmed
                                                              /ICRA A4
Lakshmi Life Sciences Ltd               LT – Fund Based – CC  ICRA BB-     70      Withdrawn
Lakshmi Life Sciences Ltd               LT – Fund Based – TL  ICRA BB-     80      Withdrawn
Marble Valley Foods And                 non
submission of     -            -       -
Beverages Pvt Ltd                       monthly ‘No Default
                                        Statement’ (“NDS”)
(Issuer Not Cooperating Category)
Maruti Nouveauknits Pvt Ltd             non submission of     -            -       -
                                        monthly ‘No Default
                                        Statement’ (“NDS”)
(Issuer Not Cooperating Category)
Megaton Polypack                        non submission of     -            -       -
                                        monthly ‘No Default
                                        Statement’ (“NDS”)
(Issuer Not Cooperating Category)
Padma Polymers                          non submission of     ICRA B+/     -       -
                                        monthly ‘No Default   ICRA A4
                                        Statement’ (“NDS”)
(Issuer Not Cooperating Category)
Sai Radha Pharma (India) Pvt            non submission of     -            -       -
Ltd                                     monthly ‘No Default
                                        Statement’ (“NDS”)
(Issuer Not Cooperating Category)
Shekar Logistics Pvt Ltd                non submission of     -            -       -
                                        monthly ‘No Default
                                        Statement’ (“NDS”)
(Issuer Not Cooperating Category)
Shyam Ferro Alloys Ltd                  non submission of     -            -       -
                                        monthly ‘No Default
                                        Statement’ (“NDS”)
(Issuer Not Cooperating Category)
State Bank Of India                     Basel III Compliant   ICRA AA+     115000  Assigned
                                        Tier I Bonds          (hyb)
State Bank Of India                     Lower Tier II Bonds   ICRA AAA     5000    outstanding
                                        Programme
State Bank Of India                     Basel III Compliant   ICRA         157430  outstanding
                                        Tier II Bonds         AAA(hyb)
Sundaram Alloys Ltd                     non submission of     -            -       -
                                        monthly ‘No Default
                                        Statement’ (“NDS”)
(Issuer Not Cooperating Category)
Suntana Textile Mills Pvt Ltd           non submission of     -            -       -
                                        monthly ‘No Default
                                        Statement’ (“NDS”)
(Issuer Not Cooperating Category)
Vadim Infrastructure Pvt Ltd            non submission of     -            -       -
                                        monthly ‘No Default
                                        Statement’ (“NDS”)
(Issuer Not Cooperating Category)
Zeta Microns Llp                        non submission of     -            -       -
                                        monthly ‘No Default
                                        Statement’ (“NDS”)
(Issuer Not Cooperating Category)
Zetek Castings Pvt Ltd                  non submission of     -            -       -
                                        monthly ‘No Default
                                        Statement’ (“NDS”)
(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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