August 28, 2019 / 11:57 AM / 18 days ago

RPT-ICRA ratings for Indian debt instruments-Aug 28

 (Repeating to add additional ratings)
    Aug 28 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of August 27, 2019.


COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Aastha Fashions Pvt. Ltd                ST, non-fund based^   ICRA A4      -       -
(Rating continues to remain under ‘Issuer Not Cooperating’ category)/^ sub-limit under cash
credit facility
Armaan Industries Pvt. Ltd.             ST, non-fund based    ICRA A4      1.8     -
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Armaan Industries Pvt. Ltd.             ST, non-fund based^   ICRA A4      -       -
(Rating continues to remain under ‘Issuer Not Cooperating’ category)/^ sub-limit under cash
credit facility
Baba Akhila Sai Jyothi                  ST - Non Fund Based   ICRA D       84.5    -
Industries Pvt Ltd
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
B.L.D.E University                      ST - Nonfund-base Fac ICRA A4      20      -
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Daawat Foods Ltd                        Non-FBL - LC/BG       ICRA A2+     70      Withdrawn
(Issuer not Cooperating)
Daawat Foods Ltd                        Unallocated           ICRA A2+     30      Withdrawn
(Issuer not Cooperating)
Flexituff Ventures                      Non-fund based        ICRA D       2930    Downgraded
International Ltd                                                                  from ICRA A4
Ganapathi Stone Crusher                 Non-fund based – BG   ICRA A4+     70      -
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Hilltop Hirise Pvt Ltd                  Non-FBL               ICRA A4      105     -
(Rating moved to ‘Issuer Not Cooperating’ category)
Malati Founders Pvt Ltd                 Non- fund based – BG  ICRA A4+     5       -
(Rating continues to remain in the ‘Issuer Not Cooperating’ category)
Shree Ajit Pulp And Paper Ltd           ST Non-Fund based     ICRA A2+     20      Reaffirmed
Shree Ajit Pulp And Paper Ltd           ST Interchangeable    ICRA A2+     -       Reaffirmed
Ibex Engineering Pvt Ltd                ST - Fund Based       ICRA A4+     27.5    -
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Jyoti Vincom Pvt Ltd                    ST - Non Fund Based   ICRA A4      1.8     -
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Kanwar Enterprises Pvt Ltd              Non-fund Based BG     ICRA A4      520     Reaffirmed
Karnimata Cold Storage Ltd              ST - Non Fund Based   ICRA A4      2       -
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Malar Paper Mills Pvt Ltd               ST - Non-Fund Based   ICRA A4      5       -
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Marketing Rex                           ST – Fund Based       ICRA A4+     30      -
(Rating continues to remain in ‘Issuer Not Cooperating’ category)
Marketing Rex                           ST – Non Fund Based   ICRA A4+     40      -
(Rating continues to remain in ‘Issuer Not Cooperating’ category)
Maruti Papers Ltd                       Non-fund based/ LOC   ICRA A4+     20      -
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Patwari Steels Pvt Ltd                  ST - Fund Based       ICRA D       7.2     -
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Raaja Magnetics Ltd                     ST- Non-fund based    ICRA A3      168.3   -
(Reason for delay in carrying out periodic review:- Issuer not cooperating)
Salicylates And Chemicals Pvt           ST - Non Fund Based   ICRA A3      70      -
Ltd
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Shri Senthur Velan Infras               ST – NonFB Fac        ICRA A4      40      -
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Span Pumps Pvt Ltd                      Non-Fund Based LOC    ICRA A3      60      -
(Reason for delay in carrying out periodic review:- Issuer not cooperating)
Span Pumps Pvt Ltd                      Non - Fund Based - BG ICRA A3      270     -
(Reason for delay in carrying out periodic review:- Issuer not cooperating)
Sri Vinayakha Spinning Mills            ST – Non-fund based   ICRA A4      19.6    -
Pvt Ltd
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Supriya Spinning Mills Pvt Ltd          ST - Non Fund Based   ICRA A4      450     -
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Usha Shriram Enterprises Pvt            ST - Fund Based       ICRA A4+     100     -
Ltd
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Usha Shriram Enterprises Pvt            ST – NonFund Based    ICRA A4+     92      -
Ltd
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
United Concepts & Solutions             ST-Non-Fund Based     ICRA D       7.5     -
Pvt Ltd
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Vacuum Plant And Instruments            ST Non-fund Based - BGICRA A3      80.5    Downgraded
Manufacturing Co. Ltd                                                              from ICRA A2
Varalakshmi Starch Industries           ST – Fund Based       ICRA A4      20      -
Pvt Ltd
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Varalakshmi Starch Industries           ST – Non Fund Based   ICRA A4      20      -
Pvt Ltd
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Warade Pack Tech Pvt Ltd                ST - Non Fund Based   ICRA A4      35      -
(Rating continues to remain under ‘Issuer Not Cooperating’ category)



LONG TERM RATINGS:
-------------------
Aastha Fashions Pvt. Ltd                LT, fund based: CC    ICRA         60      -
                                                              B+(Stable)
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Aastha Fashions Pvt. Ltd                LT, fund based: TL    ICRA         29.2    -
                                                              B+(Stable)
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Aditi Foods (India) Pvt Ltd             Fund based-TL         ICRA BB+     95      -
                                                              (Stable)
(Reason for delay in carrying out periodic review:- Issuer not cooperating)
Aditi Foods (India) Pvt Ltd             Fund basedWorking     ICRA BB+     30      -
                                        Capital Fac           (Stable)
(Reason for delay in carrying out periodic review:- Issuer not cooperating)
Amma Chandravati Educational &          LT - Fund Based/ CC   ICRA BB      167.5   -
Charitable Trust                                              (Stable)
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Amma Chandravati Educational &          LT - Fund Based TL    ICRA BB      567.5   -
Charitable Trust                                              (Stable)
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Amma Chandravati Educational &          LT - NonFund Based    ICRA BB      165     -
Charitable Trust                                              (Stable)
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Armaan Industries Pvt. Ltd.             LT, fund based: CC    ICRA         50      -
                                                              BB-(Stable)
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Armaan Industries Pvt. Ltd.             LT, fund based: TL    ICRA         34.9    -
                                                              BB-(Stable)
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Arya Iron & Steel Company Pvt           BLR                   ICRA BBB/A3+ 1242.5  -
Ltd
(Reason for delay in carrying out periodic review: Issuer Non-Cooperating on information)
Ashritha Health Care Pvt Ltd            LT – TL               ICRA D       96.5    -
(Reason for delay in carrying out periodic review: Issuer Non-Cooperating on information)
B.L.D.E University                      LT - Fund Based (TL)  ICRA BB      40      -
                                                              (Stable)
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
B.L.D.E University                      LT - FB Fac           ICRA BB      40      -
                                                              (Stable)
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Baba Akhila Sai Jyothi                  LT - Fund Based/ CC   ICRA D       180     -
Industries Pvt Ltd
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Baba Akhila Sai Jyothi                  LT - Fund Based TL    ICRA D       123.5   -
Industries Pvt Ltd
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Bonza Vitrified Pvt. Ltd                BLR                   ICRA BB+     390     -
                                                              (Stable)/A4
(Reason for delay in carrying out periodic review:- Issuer not cooperating)
Creditaccess Grameen Ltd -              PTC Series A1         Provisional  987.6   Confirmed as
Northern Arc 2019 Mfi Yaga                                    ICRA A(SO)           final
Daawat Foods Ltd                        Working Capital LimitsICRA A-      3539    Withdrawn
                                                              (Stable)
(Issuer not Cooperating)
Daawat Foods Ltd                        TL                    ICRA A-      315     Withdrawn
                                                              (Stable)
(Issuer not Cooperating)
Daawat Foods Ltd                        Unallocated           ICRA A-      1250    Withdrawn
                                                              (Stable)
(Issuer not Cooperating)
Durga Projects And                      LT- TL                ICRA BB+     800     -
Infrastructure Pvt Ltd                                        (Stable)
(Reason for delay in carrying out periodic review:- Issuer not cooperating)
Durga Projects And                      LT- Overdraft         ICRA BB+     100     -
Infrastructure Pvt Ltd                                        (Stable)
(Reason for delay in carrying out periodic review:- Issuer not cooperating)
Fine Facets India Pvt Ltd               Fund based: Packing   ICRA D       50#     -
                                        credit limits
(Rating continues to remain in the ‘Issuer Not Cooperating’ category)
# Working capital limit ceiling and total limit rated is Rs. 14.00 crore
Fine Facets India Pvt Ltd               Fund based: Post      ICRA D       90#     -
                                        shipment credit limits
(Rating continues to remain in the ‘Issuer Not Cooperating’ category)
# Working capital limit ceiling and total limit rated is Rs. 14.00 crore
Fine Facets India Pvt Ltd               Non-fund based:       ICRA D       50#     -
                                        Foreign LOC
                                        interchangeable limits
(Rating continues to remain in the ‘Issuer Not Cooperating’ category
# Working capital limit ceiling and total limit rated is Rs. 14.00 crore
Flexituff Ventures                      TL                    ICRA D       370     Downgraded
International Ltd                                                                  from ICRA C
Flexituff Ventures                      FB – CC               ICRA D       2890    Downgraded
International Ltd                                                                  from ICRA C
Ganapathi Stone Crusher                 FB - CC               ICRA BB+     60      -
                                                              (Stable)
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Ganga Diagnostic & Medical              LT - Fund Based TL    ICRA B+      139.9   -
Research Centre Pvt. Ltd
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Gomatha Cotton Industries               LT - Fund Based/ CC   ICRA B       80      -
                                                              (Stable)
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Gomatha Cotton Industries               LT - Fund Based TL    ICRA B       40      -
                                                              (Stable)
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Grant Thornton India Llp                Fund based - Working  ICRA A       195     -
                                        Capital Fac           (Stable)
(Reason for delay in carrying out periodic review: - - Review process is underway)
Grant Thornton India Llp                Non-fund based - BG   ICRA A       100     -
                                                              (Stable)
(Reason for delay in carrying out periodic review: - - Review process is underway)
Hilltop Hirise Pvt Ltd                  FB Limits             ICRA BB-     200     -
                                                              (Stable)
(Rating moved to ‘Issuer Not Cooperating’ category)
Ibex Engineering Pvt Ltd                LT - Fund Based/ CC   ICRA BB      40      -
                                                              (Stable)
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Ibex Engineering Pvt Ltd                LT - Fund Based TL    ICRA BB      29.3    -
                                                              (Stable)
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Ibex Engineering Pvt Ltd                LT - Unallocated      ICRA BB      13.2    -
                                                              (Stable)
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Jyoti Vincom Pvt Ltd                    LT - Fund Based/ CC   ICRA B-      71      -
                                                              (Stable)
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Jyoti Vincom Pvt Ltd                    LT - Fund Based TL    ICRA B-      88.2    -
                                                              (Stable)
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Jyoti Vincom Pvt Ltd                    LT / ST - Unallocated ICRA B-      4       -
                                                              (Stable)/A4
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
K.R.K. Educational Trust                LT – FB TL            ICRA C       300     -
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Kanwar Enterprises Pvt Ltd              FB CC                 ICRA B+      80      Reaffirmed
                                                              (Stable)
Karnimata Cold Storage Ltd              LT - Fund Based/ CC   ICRA B       72.2    -
                                                              (Stable)
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Karnimata Cold Storage Ltd              LT - Fund Based TL    ICRA B       45.8    -
                                                              (Stable)
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Magadh Precision Equipment Ltd          Fund Based            ICRA D       500     -
(Rating continues to remain in ‘Issuer Not Cooperating’ category)
Magadh Precision Equipment Ltd          Non-fund Based        ICRA D       250     -
(Rating continues to remain in ‘Issuer Not Cooperating’ category)
Malar Paper Mills Pvt Ltd               LT - Fund Based       ICRA         65      -
                                                              B+(Stable)
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Malar Paper Mills Pvt Ltd               LT / ST - Unallocated ICRA         90      -
                                                              B+(Stable)
                                                              / ICRA A4
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Marketing Rex                           LT – Fund Based – CC  ICRA BB      30      -
                                                              (Stable)
(Rating continues to remain in ‘Issuer Not Cooperating’ category)
Maruti Papers Ltd                       Fund based/ CC        ICRA BB      65      -
                                                              (Stable)
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Maruti Papers Ltd                       Fund based/ TL        ICRA BB      85.1    -
                                                              (Stable)
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Navalakha Translines                    LT - Fund Based/ CC   ICRA BB+     40      -
                                                              (Stable)
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Navalakha Translines                    LT - Fund             ICRA BB+     210     -
                                        Based/Non-Fund Based  (Stable)
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Navjivan Cotton Industries              FB TL                 ICRA B+      26.3    Reaffirmed
                                                              (Stable)
Navjivan Cotton Industries              FB CC                 ICRA B+      117.5   Reaffirmed
                                                              (Stable)
Ongole Municipal Corporation            Issuer Rating         ICRA BBB     -       -
                                                              (Stable)
(Reason for delay in carrying out periodic review:- Issuer not cooperating)
Origo Commodities India Pvt.            Fund Based – Bill     ICRA BBB-    150     -
Ltd                                     Discounting           (Stable)
(Rating continues to remain in ‘Issuer Not Cooperating’ category)
Origo Commodities India Pvt.            Unallocated           ICRA BBB-    50      -
Ltd                                                           (Stable)
(Rating continues to remain in ‘Issuer Not Cooperating’ category)
Origo Commodities India Pvt.            CC (sub limit of Fund ICRA BBB-    -       -
Ltd                                     Based)                (Stable)
(Rating continues to remain in ‘Issuer Not Cooperating’ category)
Origo Commodities India Pvt.            Non-fund Based        ICRA BBB-    -       -
Ltd                                     (sublimit of Fund     (Stable)/A3
                                        Based)
(Rating continues to remain in ‘Issuer Not Cooperating’ category)
Patwari Steels Pvt Ltd                  LT - Fund Based/ CC   ICRA D       110     -
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Patwari Steels Pvt Ltd                  LT - Fund Based TL    ICRA D       8.1     -
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Patwari Steels Pvt Ltd                  LT / ST - Unallocated ICRA D /D    11.7    -
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Pittie Distributors India Pvt           LT - Fund Based/ CC   ICRA BB-     250     -
Ltd
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Pristine Developers                     LT - Fund Based TL    ICRA         1450    -
                                                              BB-(Stable)
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Progressive Automobiles Pvt Ltd         LT - Fund Based/CC    ICRA B+      97      -
                                                              (Stable)
(Rating moved to issuer not cooperating category)
Progressive Automobiles Pvt Ltd         LT / ST - Unallocated ICRA B+      73      -
                                                              (Stable) /
                                                              ICRA A4
(Rating moved to issuer not cooperating category)
Raaja Magnetics Ltd                     LT- Fund Based        ICRA BBB-    120     -
(Reason for delay in carrying out periodic review:- Issuer not cooperating)
Raaja Magnetics Ltd                     LT- TL                ICRA BBB-    30      -
(Reason for delay in carrying out periodic review:- Issuer not cooperating)
Salicylates And Chemicals Pvt           LT - Fund Based/ CC   ICRA BBB-    230     -
Ltd                                                           (Stable)
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Sandor Medicaids Pvt Ltd (Smpl)         NCDs                  ICRA D       200     Downgraded
                                                                                   from ICRA
                                                                                   BB-(Negative)
Shree Khodiyar Oil Industries           Fund Based: CC        ICRA D       150     -
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Shree Ram Kripa Buildhome Pvt           Fund based/ TL        ICRA B+      150     -
Ltd
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Shri Senthur Velan Infras               LT- FB Fac            ICRA         110     -
                                                              BB-(Stable)
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Span Pumps Pvt Ltd                      Fund Based CC         ICRA BBB-    150     -
                                                              (Stable)
(Reason for delay in carrying out periodic review:- Issuer not cooperating)
Span Pumps Pvt Ltd                      Fund Based Stand by   ICRA BBB-    10      -
                                        Line of Credit        (Stable)
(Reason for delay in carrying out periodic review:- Issuer not cooperating)
Span Pumps Pvt Ltd                      Un allocated Limits   ICRA BBB-    1.8     -
                                                              (Stable) /
                                                              A3
(Reason for delay in carrying out periodic review:- Issuer not cooperating)
Sri Karpagam Steels                     LT - FB Fac           ICRA B+      60      -
                                                              (Stable)
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Sri Vinayakha Spinning Mills            LT – FB CC            ICRA BB-     75      -
Pvt Ltd                                                       (Stable)
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Sri Vinayakha Spinning Mills            LT – FB TL            ICRA BB-     55.4    -
Pvt Ltd                                                       (Stable)
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Sri Vinayakha Spinning Mills            LT / ST – Unallocated ICRA BB-     16.7    -
Pvt Ltd                                 limits                (Stable)/A4
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Ss Developers                           Fund Based- TL        ICRA BB (SO) 355
(Reason for delay in carrying out periodic review:- Issuer not cooperating)
Supriya Spinning Mills Pvt Ltd          LT - Fund Based/ CC   ICRA B       380     -
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Supriya Spinning Mills Pvt Ltd          LT - Fund Based TL    ICRA B       169.6   -
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Supriya Spinning Mills Pvt Ltd          LT – Unallocated      ICRA B       133.1   -
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Tirupati Cotton (Ghatanji)              Fund Based – CC       ICRA BB      85      -
                                                              (Stable)
(Rating continues to remain in ‘Issuer Not Cooperating’ category)
Tirupati Cotton (Ghatanji)              Fund Based – TL       ICRA BB      15      -
                                                              (Stable)
(Rating continues to remain in ‘Issuer Not Cooperating’ category)
United Concepts & Solutions             LT-Fund Based/TL      ICRA D       34.4    -
Pvt Ltd
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
United Concepts & Solutions             LT-Fund Based/CC      ICRA D       62.5    -
Pvt Ltd
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
United Concepts & Solutions             LT-Unallocated        ICRA D       20.6    -
Pvt Ltd
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Usha Shriram Enterprises Pvt            LT Fund based/ CC     ICRA BB      210     -
Ltd                                                           (Stable)
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Usha Shriram Enterprises Pvt            LT / ST - Unallocated ICRA BB      8       -
Ltd                                                           (Stable) /
                                                              ICRA A4+
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Vacuum Plant And Instruments            LT FB - CC            ICRA BBB-    0.5     Downgraded
Manufacturing Co. Ltd                                         (Negative)           from ICRA
                                                                                   BBB(Stable)
Varalakshmi Starch Industries           LT –Fund Based        ICRA BB-     207     -
Pvt Ltd                                                       (Stable)
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Varalakshmi Starch Industries           LT - Unallocated      ICRA BB-     94.3    -
Pvt Ltd                                                       (Stable)
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Vir Electro Engineering Pvt Ltd         LT - Fund Based TL    ICRA B-      123.5   -
                                                              (Stable)
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Vir Electro Engineering Pvt Ltd         LT - Fund Based/ CC   ICRA B-      69.2    -
                                                              (Stable)
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Vir Electro Engineering Pvt Ltd         LT - Unallocated      ICRA B-      47.3    -
                                                              (Stable)
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Warade Pack Tech Pvt Ltd                LT - Fund Based/ CC   ICRA B       50      -
                                                              (Stable)
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Warade Pack Tech Pvt Ltd                LT / ST - Unallocated ICRA B       5       -
                                                              (Stable)
                                                              /ICRA A4
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Iced Desserts & Food Parlours           LT - Fund Based TL    ICRA D       150     -
(India) Pvt Ltd
Rating continues to remain under ‘Issuer Not Cooperating’ category
Kaprisa International Pvt Ltd           Fund based: Packing   ICRA D       30*     -
                                        credit limits
*Issuer did not co-operate; based on best available information. Rating continues
to remain in the ‘Issuer Not Cooperating’ category.
Kaprisa International Pvt Ltd           Fund based: Post      ICRA D       50#@    -
                                        shipment credit limits
(Rating continues to remain in the ‘Issuer Not Cooperating’ category). 
# Fund based limit ceiling and total amount rated is Rs. 6.00 crore
@ Consists advance against direct bills sub-limit of Rs. 2.50 crore and foreign
 letter of credit sub-limit of Rs. 1.50 crore rated       D ISSUER NOT 
  COOPERATING on the short-term scale.
Malati Founders Pvt Ltd                 Fund based - TL       ICRA BB+     14.8    -
(Rating continues to remain in the ‘Issuer Not Cooperating’ category)
Malati Founders Pvt Ltd                 Fund based – LOC      ICRA BB+     33      -
(Rating continues to remain in the ‘Issuer Not Cooperating’ category)
Malati Founders Pvt Ltd                 Unallocated facility  ICRA BB+     26.6    -
                                                              (Stable) /
                                                              ICRA A4+
(Rating continues to remain in the ‘Issuer Not Cooperating’ category)
Shree Ajit Pulp And Paper Ltd           LT FB -CC             ICRA A-      500     Reaffirmed
                                                              (Positive)
Outlook revised from Stable
Shree Ajit Pulp And Paper Ltd           LT FB -TL             ICRA A-      414.9   Reaffirmed
                                                              (Positive)
Outlook revised from Stable
Solid Properties (P) Ltd                NCD Programme         ICRA B-      650     -
                                                              (Stable)
Provisional rating confirmed as final
Solid Properties (P) Ltd                NCD Programme         ICRA B-      100     -
                                                              (Stable)
Provisional rating confirmed as final
Yashodha Motors Pvt Ltd                 Fund Based – CC       ICRA BB-     115     -
(Rating continues to remain in ‘Issuer Not Cooperating’ category)
Yashodha Motors Pvt Ltd                 Fund Based –          ICRA BB-     150     -
                                        Inventory Funding
(Rating continues to remain in ‘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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