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RPT-ICRA ratings for Indian debt instruments-Aug 23
August 23, 2017 / 10:57 AM / 3 months ago

RPT-ICRA ratings for Indian debt instruments-Aug 23

 (Repeating to add more ratings.)
    Aug 23 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of August 22, 2017.


COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Dalmia Bharat Sugar &                   Non-FBL               ICRA A1+     200     Reaffirmed
Industries Ltd
Dalmia Bharat Sugar &                   CP                    ICRA A1+     700     Reaffirmed
Industries Ltd
Iris Computers Ltd                      ST FB Limits          ICRA A3      40      -
Jagdamba Oil & General Mills            Warehousing Loan      ICRA A4      3       -
ISSUER NOT COOPERATING
Jyotindra International                 Credit Exposure Limit ICRA A4      0.92    Withdrawn
Lh Sugar Factories Ltd                  NFBL                  ICRA A2+     5       Reaffirmed
Marque Impex                            ST FB Limits          ICRA A4+     28.8    Reaffirmed
Sarup Industries Ltd                    Non FB Limits         ICRA A4      3.62    Reaffirmed
Sical Logistics Ltd                     ST: Non-FB Fac        ICRA A2+     243     Reaffirmed
Sical Multimodal And Rail               ST: Non fund based    ICRA A2      60      Reaffirmed
Transport Ltd
Sical Multimodal And Rail               ST: Non fund based    ICRA A2      60      Reaffirmed
Transport Ltd
SML Isuzu Ltd                           Working Capital       ICRA A1+     120     Reaffirmed
                                        Demand Loan
SML Isuzu Ltd                           LOC                   ICRA A1+     20      Reaffirmed
SML Isuzu Ltd                           BG                    ICRA A1+     15      Reaffirmed
SML Isuzu Ltd                           Bill Discounting      ICRA A1+     5       Reaffirmed
                                        Facility
SML Isuzu Ltd                           CP/ ST Debt Programme ICRA A1+     50      Reaffirmed
Jasper Industries Pvt Ltd               NFBL                  ICRA A3      7.5     Reaffirmed
Rpl Projects Ltd                        ST – Non Fund Based – ICRA A4      100     Assigned
                                        BG
  
LONG TERM RATINGS:
-------------------
Dalmia Bharat Sugar &                   FB Limits             ICRA A+      600     Reaffirmed
Industries Ltd
Dalmia Bharat Sugar &                   TL                    ICRA A+      468.89  Reaffirmed
Industries Ltd
Dalmia Bharat Sugar &                   Unallocated Limits    ICRA A+      413.91  Reaffirmed
Industries Ltd
Gold Star Steels (P) Ltd                FB Limits             ICRA D       5.5     -
ISSUER NOT COOPERATING
Gold Star Steels (P) Ltd                Non-FBL               ICRA D       3       -
ISSUER NOT COOPERATING
Iris Computers Ltd                      LT FB Limits          ICRA BBB-    60      -
Jagdamba Oil & General Mills            LT fund base limit    ICRA B-      6       -
ISSUER NOT COOPERATING
Jbm Industries Ltd                      FB                    ICRA BBB/A2  20      Reaffirmed
Jbm Industries Ltd                      Non-fund based        ICRA BBB/A2  12.15   Reaffirmed
Jbm Industries Ltd                      FB/Non-fund based     ICRA BBB/A2  25      Reaffirmed
Jbm Industries Ltd                      Unallocated           ICRA BBB/A2  12.85   Reaffirmed
Jyotindra International                 CC/Packing Credit     ICRA BB-     45.6    Withdrawn
Lh Sugar Factories Ltd                  FB Limits             ICRA A-      85      Upgraded
                                                                                   from ICRA
                                                                                   BBB+
Lh Sugar Factories Ltd                  TL                    ICRA A-      98.33   Upgraded
                                                                                   from ICRA
                                                                                   BBB+
Magma Fincorp Ltd                       PTC Series A1         Provisional  45      Assigned
                                                              ICRA AAA
Magma Fincorp Ltd                       PTC Series A2         Provisional  2.62    Assigned
                                                              ICRA AAA
Magma Fincorp Ltd                       Liquidity Facility    Provisional  0.71    Assigned
                                                              ICRA AAA
Magma Fincorp Ltd                       Second Loss Facility  Provisional  3.33    Assigned
                                                              ICRA BBB-
Marque Impex                            LT FB Limits          ICRA BB+     7.95    Reaffirmed
Marque Impex                            LT/ ST NonFBL         ICRA BB+/A4+ 2.4     Reaffirmed
Mukesh And Co                           LT FB- CC             ICRA BB+     11      -
ISSUER NOT COOPERATING
Mukesh And Co                           Long -term Non-FB Fac ICRA BB+     5       -
ISSUER NOT COOPERATING
Norsea Offshore India Ltd               LT: TL                ICRA BBB+    47.61   Reaffirmed
Norsea Offshore India Ltd               LT: TL proposed       ICRA BBB+    4.39    Reaffirmed
Orissa Concrete & Allied                FB Limits             ICRA D       10.5    -
Industries Ltd
ISSUER NOT COOPERATING
Orissa Concrete & Allied                Non-FBL               ICRA D       8       -
Industries Ltd
ISSUER NOT COOPERATING
Saija Finance Pvt Ltd                   PTC Series A1         Provisional  26.92   Assigned
                                                              ICRA A-
Saija Finance Pvt Ltd                   PTC Series A2         Provisional  1.12    Assigned
                                                              ICRA BBB
Sarup Industries Ltd                    FB Limits             ICRA BB-     15.82   Revised from
                                                                                   ICRA BB
Sarup Industries Ltd                    Unallocated Limits    ICRA BB-/A4  2.56    Revised from
                                                                                   ICRA BB / A3
Sical Logistics Ltd                     LT: CC                ICRA BBB+    250     Reaffirmed
Sical Logistics Ltd                     LT: TL Outstanding    ICRA BBB+    313     Reaffirmed
Sical Logistics Ltd                     LT: Proposed Fac      ICRA BBB+    55.08   Reaffirmed
Sical Logistics Ltd                     LT: NCD               ICRA BBB+    100     Reaffirmed
Sical Multimodal And Rail               LT: TL                ICRA BBB+    67      Reaffirmed
Transport Ltd
Sical Multimodal And Rail               LT: TL proposed       ICRA BBB+    54.44   Reaffirmed
Transport Ltd
Sical Multimodal And Rail               LT: FBL               ICRA BBB+    40      Reaffirmed
Transport Ltd
Sical Multimodal And Rail               NCD                   ICRA BBB+    100     Reaffirmed
Transport Ltd
Sical Multimodal And Rail               LT: TL                ICRA BBB+    67      Reaffirmed
Transport Ltd
Sical Multimodal And Rail               LT: TL proposed       ICRA BBB+    54.44   Reaffirmed
Transport Ltd
Sical Multimodal And Rail               LT: FBL               ICRA BBB+    40      Reaffirmed
Transport Ltd
Sical Multimodal And Rail               NCD                   ICRA BBB+    100     Reaffirmed
Transport Ltd
Sical Saumya Mining Ltd                 LT: TL                ICRA BBB+    72      Reaffirmed
Sical Saumya Mining Ltd                 LT: TL proposed       ICRA BBB+    28      Reaffirmed
Sion Steels                             FB Limits             ICRA B+      10      Reaffirmed
SML Isuzu Ltd                           CC                    ICRA AA      25      Reaffirmed
Bharti Axa General Insurance            Subordinated debt     ICRA AA-     220     Assigned
Co. Ltd                                 programme
Bharti Axa Life Insurance Co.           Subordinated debt     ICRA AA-     600     Assigned
Ltd                                     programme
Eastern Gases Ltd                       FB Limit (Cash-Credit)ICRA D       410     Revised from
                                                                                   ICRA BBB-
Eastern Gases Ltd                       Non FB Limit (BG)     ICRA D       60      Revised from
                                                                                   ICRA A3
Jasper Industries Pvt Ltd               FBL                   ICRA BBB-    1640    Reaffirmed
Jasper Industries Pvt Ltd               Unallocated Limits    ICRA BBB- /  55      Reaffirmed
                                                              ICRA A3
Mnr Cottonsltd                          FB–TL                 ICRA BB-     163.8   -
ISSUER NOT COOPERATING
Mnr Cottonsltd                          FB – CC               ICRA BB-     50      -
ISSUER NOT COOPERATING
Mnr Cottonsltd                          Non Fund Based – BG   ICRA BB-     8       -
ISSUER NOT COOPERATING
Mnr Cottonsltd                          Unallocated           ICRA BB-     36.2    -
ISSUER NOT COOPERATING
Rgtl Industries Ltd                     Working Capital LimitsICRA D       1250    Downgraded
                                                                                   from ICRA
                                                                                   BB/ ICRA A4
ISSUER NOT COOPERATING
Rgtl Industries Ltd                     TL                    ICRA D       293.2   Downgraded
                                                                                   from ICRA
                                                                                   BB/ ICRA A4
ISSUER NOT COOPERATING
Rgtl Industries Ltd                     Unallocated           ICRA D       87.9    Downgraded
                                                                                   from ICRA
                                                                                   BB/ ICRA A4
ISSUER NOT COOPERATING
Rgtl Industries Ltd                     NFBL                  ICRA D       10      Downgraded
                                                                                   from ICRA
                                                                                   BB/ ICRA A4
ISSUER NOT COOPERATING
Rpl Projects Ltd                        LT FB – TL            ICRA B       110.2   Assigned
Rpl Projects Ltd                        LT – Fund Based – CC  ICRA B       250     Assigned
Shree Siddhnath Cotex Pvt Ltd           Working Capital LimitsICRA BB-     660     -
ISSUER NOT COOPERATING
Shree Siddhnath Cotex Pvt Ltd           TL                    ICRA BB-     30      -
ISSUER NOT COOPERATING
Sical Iron Ore Terminals Ltd            LT: TL proposed       ICRA         5014.7  Reaffirmed
                                                              BBB+(SO)
Sical Iron Ore Terminals Ltd            LT: FBL               ICRA         500     Reaffirmed
                                                              BBB+(SO)
Sical Iron Ore Terminals Ltd            LT: Non fund based    ICRA         500     Reaffirmed
                                                              BBB+(SO)
Smile Microfinance Ltd                  NCD                   ICRA BBB-    150     Reaffirmed
Smile Microfinance Ltd                  NCD                   ICRA BBB-    400     Reaffirmed
Smile Microfinance Ltd                  LT BF                 ICRA BBB-    2500    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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