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RPT-ICRA ratings for Indian debt instruments-Aug 21
August 21, 2017 / 12:26 PM / a month ago

RPT-ICRA ratings for Indian debt instruments-Aug 21

 (Repeating to add more ratings)
   Aug 21 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of August 18, 2017.


COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Gayatrishakti Paper & Boards            FB – PC/FBP           ICRA A2      30      Reaffirmed
Ltd
Gayatrishakti Paper & Boards            Non-fund based –      ICRA A2      600     Reaffirmed
Ltd                                     LOC/BG
(enhanced from 45.00crs)
Gujarat Tea Processors And              Non FB                ICRA A1+     80      Withdrawn
Packers Ltd
Hikal Ltd                               ST, FB Fac            ICRA A2+     2029    Upgraded
                                                                                   From ICRA A2
Hikal Ltd                               ST, non-FB Fac        ICRA A2+     700     Upgraded
                                                                                   From ICRA A2
Jmt Auto Ltd.                           Non-FB Fac            ICRA A4      536     Reaffirmed
Jmt Auto Ltd.                           Bill Discounting      ICRA A4      10      Reaffirmed
                                        Facility
Lakshmi Life Sciences Ltd               ST- Non fund based    ICRA A2+     30      Reaffirmed
Modern Industries                       Non-FBL               ICRA A3+     1260    Reaffirmed
Principal Pnb Asset Management          Principal Cash        ICRA A1+mfs  -       Reaffirmed
Company Pvt Ltd                         Management Fund
Principal Pnb Asset Management          Principal Low         ICRA A1+mfs  -       Reaffirmed
Company Pvt Ltd                         Duration Fund
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Sameep Fabrics Pvt Ltd                  Non-FB, ST facility   ICRA A4      4.4     Withdrawn
Sri Toorsa Plantations Pvt Ltd          Non-FB Fac*           ICRA A4      1.5     Reaffirmed
*Non Fund Based Limit is a sub limit of the cash credit facility and LC/Buyer’s Credit is a sub
limit of the term loan. The maximum utilisation shall not increase Rs. 8.62 crore at any point
in time.
Stci Finance Ltd                        ST debt programme     ICRA A1+     15000   -
    

LONG TERM RATINGS:
-------------------
Bazaar Konnections                      FB – PC/PCFC          ICRA B       90      Downgraded
                                                                                   from ICRA B+
Bazaar Konnections                      FB – Adhoc PC/PCFC    ICRA B       10      Downgraded
                                                                                   from ICRA B+
Bharat Containers (Nagpur) Pvt          LT – FB TL            ICRA BBB+    60      Issuer not
Ltd                                                                                co-operating
Bharat Containers (Nagpur) Pvt          LT – FB CC            ICRA BBB+    80      Issuer not
Ltd                                                                                co-operating
Bharat Financial Inclusion Ltd          PTC Series A1         ICRA AA(SO)          Reaffirmed
Bharat Financial Inclusion Ltd          PTC Series A1         ICRA AA(SO)          Reaffirmed
Bharat Financial Inclusion Ltd          PTC Series A1         ICRA AA+(SO)         Reaffirmed
Bharat Financial Inclusion Ltd          PTC Series A1         ICRA AAA(SO)         Reaffirmed
Ecil Rapiscan Ltd                       FB – CC               ICRA A-      50      Reaffirmed
Ecil Rapiscan Ltd                       Non FB – BG           ICRA A-      200     Reaffirmed
Ecil Rapiscan Ltd                       Proposed Non FB – BG  ICRA A-      50      Reaffirmed
Gayatrishakti Paper & Boards            FB – TL               ICRA BBB+    1838.1  Reaffirmed
Ltd
(enhanced from 147.00crs)
Gayatrishakti Paper & Boards            FB – CC               ICRA BBB+    820     Reaffirmed
Ltd
(enhanced from 72.00crs)
Gujarat Tea Processors And              FB                    ICRA AA      900     Withdrawn
Packers Ltd
Hikal Ltd                               LT, TL                ICRA A-      2600    Upgraded
                                                                                   from ICRA
                                                                                   BBB+
Hikal Ltd                               LT, FB Fac            ICRA A-      2240    Upgraded
                                                                                   from ICRA
                                                                                   BBB+
Jmt Auto Ltd.                           TL                    ICRA B       918     Downgraded
                                                                                   From ICRA BB-
Jmt Auto Ltd.                           FB Fac                ICRA B       870     Downgraded
                                                                                   From ICRA BB-
Jmt Auto Ltd.                           Unallocated Limits    ICRA B       166     Downgraded
                                                                                   From ICRA BB-
Lakshmi Life Sciences Ltd               TL                    ICRA BBB+    0.2     Reaffirmed
(revised from 5.04crs)
Lakshmi Life Sciences Ltd               LT – FBL              ICRA BBB+    30      Reaffirmed
Lakshmi Life Sciences Ltd               LT / ST – Proposed FacICRA BBB+ /  50.2    Reaffirmed
                                                              A2+
Modern Industries                       FB Limits             ICRA BBB     800     Reaffirmed
National Company                        LT: FBL               ICRA BB+     99.5    Withdrawn
National Company                        LT: Unallocated LimitsICRA BB+     36      Withdrawn
Neogrowth Credit Pvt Ltd                NCDs Programme        ICRA BBB     650     Assigned
Neogrowth Credit Pvt Ltd                NCDs Programme        ICRA BBB     2455.5  Outstanding
Neogrowth Credit Pvt Ltd                LT Bk Fac             ICRA BBB     1500    Outstanding
Neogrowth Credit Pvt Ltd                NCDs Programme        ICRA BBB     94.5    Withdrawn
Nvt Quality Lifestyle Projects          LT- Fund Based- CC    ICRA BB+     150     Reaffirmed
Pvt Ltd
Prakash Trading Company                 LT: CC                ICRA BBB-    260     Withdrawn
Pytex Jewellers Pvt Ltd                 LT FB – CC            ICRA B+      100
ISSUER NOT COOPERATING
Raj Associates                          LT: CC                ICRA BBB-    280     Withdrawn
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
Ravi Trading Co.                        FB Limits-CC          ICRA B+      100     Issuer not
                                                                                   co-operating
Sri Toorsa Plantations Pvt Ltd          FB Fac – CC           ICRA B-      15      Downgraded
                                                                                   from ICRA B
Sri Toorsa Plantations Pvt Ltd          FB Fac - TL           ICRA B-      71.2    Downgraded
                                                                                   from ICRA B
Sri Toorsa Plantations Pvt Ltd          LC/Buyer’s Credit*    ICRA B-      5.2     Downgraded
                                                              /ICRA A4             from ICRA
                                                                                   B/Reaffirmed
*Non Fund Based Limit is a sub limit of the cash credit facility and LC/Buyer’s Credit is a sub
limit of the term loan. The maximum utilisation shall not increase Rs. 8.62 crore at any point
in time
Srinivasa Farms Pvt. Ltd.               FB – CC               ICRA BBB+    650     Assigned
                                                                                   /Outstanding
(revised from Rs. 35.00 crore)
Srinivasa Farms Pvt. Ltd.               FB – TL               ICRA BBB+    76.5    outstanding
Srinivasa Farms Pvt. Ltd.               Unallocated           ICRA BBB+    3.5     outstanding
                                                              /ICRA A2
(revised from Rs. 10.35 crore)
Stci Finance Ltd                        LT debt programme     ICRA AA-     10000   -
Stci Finance Ltd                        LT Bk lines           ICRA AA-     2000    -
Sunshine Conveyors Pvt Ltd              FB-limit- cashcredit  ICRA B       25      Issuer not
                                                                                   co-operating
Sunshine Conveyors Pvt Ltd              FB-limit- Proposed    ICRA B       10      Issuer not
                                        –cash-credit                               co-operating
Sunshine Conveyors Pvt Ltd              FB-limit- Term - loansICRA B       13.5    Issuer not
                                                                                   co-operating
Sunshine Conveyors Pvt Ltd              Non-FB-limitBk        ICRA B       35      Issuer not
                                        -Guarantee                                 co-operating
Sunshine Conveyors Pvt Ltd              Proposed-Bk-Guarantee ICRA B       10      Issuer not
                                                                                   co-operating
Sunshine Conveyors Pvt Ltd              Unallocated-Limits    ICRA B       6.5     Issuer not
                                                              /ICRA A4             co-operating
Sameep Fabrics Pvt Ltd                  FB – CC               ICRA B       235     Withdrawn
Satin Creditcare Network Ltd            PTC Series A1         ICRA A(SO)   419.7   Assigned
Satin Creditcare Network Ltd            PTC Series A2         ICRA         19.8    Assigned
                                                              BBB+(SO)
Tirupati Starch & Chemicals             CC                    ICRA B+      80      Withdrawn
Ltd.
Tirupati Starch & Chemicals             TL                    ICRA B+      184     Withdrawn
Ltd.
Uni-Tech Automation Pvt Ltd             LT – FB TL            ICRA BB+     120     Issuer not
                                                                                   co-operating
Uni-Tech Automation Pvt Ltd             LT – FB CC            ICRA BB+     100     Issuer not
                                                                                   co-operating
Uni-Tech Automation Pvt Ltd             LT/ST - Unallocated   ICRA BB+     90      Issuer not
                                                              /ICRA A4+            co-operating
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
Yuvika Silk Mills Pvt Ltd               FB Limits             ICRA B+      59.3    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)

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