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RPT-ICRA ratings for Indian debt instruments-Aug 29
August 29, 2017 / 10:49 AM / 3 months ago

RPT-ICRA ratings for Indian debt instruments-Aug 29

 (Repeating to add more ratings.)
    Aug 29 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of August 28, 2017.


COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Aditya Birla Housing Finance            CP programme          ICRA A1+    15000   Assigned
Ltd
Chidambaram Shipcare Pvt Ltd            SLC                   ICRA A4+    28.5    -
Issuer Not Cooperating
Cholamandalam Investment And            CP                    ICRA A1+    50000   Reaffirmed
Finance Co. Ltd
Gurpreet Galvanising Pvt. Ltd.          Non FB – BG           ICRA A3+    700     Upgraded
                                                                                   from ICRA A3
Gurpreet Galvanising Pvt. Ltd.          Non FB – LOC          ICRA A3+    50      Upgraded
                                                                                   from ICRA A3
Gvpr Engineers Ltd                      ST- Non fund based    ICRA A1     2200    Reaffirmed
Hindustan Tin Works Ltd                 LC/BG Limits          ICRA A2+    550     Reaffirmed
Hindustan Tin Works Ltd                 Unallocated           ICRA A2+    50      Reaffirmed /
                                                                                   Assigned
Jindal Power Ltd                        NCD                   ICRA A2+    500     Assigned
Magnolia Martinique Clothing            ST-FB                 ICRA A4     250     Assigned /
Pvt Ltd                                                                            Reaffirmed
Raajratna Metal Industries Ltd          ST Fund BasedPC /     ICRA A2+    2900    Reaffirmed
                                        PCFC / FBD / FBN /
                                        PSCFC
Raajratna Metal Industries Ltd          ST NFBL               ICRA A2+    500     Reaffirmed
Shankaranarayan Jewellers               FB- ST Fac            ICRA A4     55      -
Issuer Not Cooperating
Shankaranarayan Jewellers               Non-fund based-ST Fac ICRA A4     57.5    -
Issuer Not Cooperating
Stci Primary Dealer Ltd                 ST debt programme     ICRA A1+    4000    Reaffirmed
Universal Cold Storage Pvt Ltd          ST - FB Fac           ICRA A3     -       Upgraded
                                        (sub-limit)                                from
                                                                                   ICRA A4+
Universal Cold Storage Pvt Ltd          ST - Non-FB Fac       ICRA A3     51      Upgraded
                                                                                   from
                                                                                   ICRA A4+
Vijayalaxmi Cashew Company              ST - Fund Based       ICRA A3     3480    Assigned
Vijayalaxmi Cashew Company              ST - Unallocated      ICRA A3     120     Assigned
Akash Enterprises                       ST Non-FB Fac         ICRA A4      55      Reaffirmed
Allahabad Bank                          CD Programme          ICRA A1+     200000  Reaffirmed
Devi Marine Foods Exports Pvt           ST - FB Fac           ICRA A3      500     Upgraded
Ltd                                                                                from ICRA A4+
Devi Marine Foods Exports Pvt           ST - Non-FB Fac       ICRA A3      30      Upgraded
Ltd                                                                                from ICRA A4+
Epicenter Technologies Pvt Ltd          Non-FBL               ICRA A4      42.5    Reaffirmed
Geo Foundations & Structures            BG                    ICRA A4+     250     Issuer Not
Pvt Ltd                                                                            Cooperating
Kader Exports Pvt Ltd                   ST - FB Fac           ICRA A3      610     upgraded
                                                                                   from ICRA A4+
Kader Exports Pvt Ltd                   ST - Non-FB Fac       ICRA A3      17.5    Upgraded
                                                                                   from ICRA A4+
Kader Investment And Trading            ST - FB Fac           ICRA A3      300     Upgraded
Company Pvt Ltd                                                                    from ICRA A4+
Kader Investment And Trading            ST -Non FB Fac        ICRA A3      35      Upgraded
Company Pvt Ltd                                                                    from ICRA A4+
Liberty Frozen Foods Pvt Ltd            ST - FB Fac           ICRA A3      150     Upgraded
                                                                                   from ICRA A4+
Liberty Frozen Foods Pvt Ltd            ST - Non-FB Fac       ICRA A3      5       Upgraded
                                                                                   from ICRA A4+
Mandar Roller Flour Mills Pvt           Non fund based – BG   ICRA A4      115     Issuer Not
Ltd                                                                                Cooperating
Premier Marine Products Pvt Ltd         ST - FB Fac           ICRA A3      200     Upgraded
                                                                                   from ICRA A4+
Premier Marine Products Pvt Ltd         ST - Non-FB Fac       ICRA A3      30      Upgraded
                                                                                   from ICRA A4+
Roj Leather Exports Pvt Ltd             Export Packing Credit ICRA A4+     5       Issuer Not
                                                                                   Cooperating
Roj Leather Exports Pvt Ltd             Foreign Bill          ICRA A4+     95      Issuer Not
                                        Discounting                                Cooperating
Roj Leather Exports Pvt Ltd             LOC (inland)          ICRA A4+     5       Issuer Not
                                                                                   Cooperating
Roj Leather Exports Pvt Ltd             Forward Contract      ICRA A4+     3       Issuer Not
                                                                                   Cooperating
S.Subrahmanyan Construction Co          BG                    ICRA A4      250     Issuer Not
Pvt Ltd                                                                            Cooperating
Saraf Dyechem Industries                Export packing credit ICRA A4      150     Issuer Not
                                                                                   Cooperating
Saraf Dyechem Industries                Unallocated limits    ICRA A4      30      Issuer Not
                                                                                   Cooperating
Saraf Dyechem Industries                Negotiation of bills  ICRA A4      60      Issuer Not
                                        under foreign LC                           Cooperating
Saraf Dyechem Industries                Forward cover exposureICRA A4      4.2     Issuer Not
                                                                                   Cooperating
Steel Max Rolling Mills Ltd             ST non-fund based     ICRA A4      5       Issuer Not
                                                                                   Cooperating
Steelmax Alloys Ltd                     ST non-fund based     ICRA A4      110     Issuer Not
                                                                                   Cooperating
Supreme Power Equipment Pvt Ltd         SLC                   ICRA A4      5       -
Supreme Power Equipment Pvt Ltd         BG                    ICRA A4      50      -
Triveni Engineering &                   CP/ Shortterm Debt    ICRA A1+     1000    Assigned
Industries Ltd                          Programme
enhanced from 25.00crs
Triveni Engineering &                   Non-FBL               ICRA A1+     3583.4  Outstanding
Industries Ltd
Trimex Industries Pvt Ltd               ST Non Fund Based     ICRA D       200     Issuer Not
                                                                                   Cooperating

LONG TERM RATINGS:
-------------------
Aditya Birla Housing Finance            NCDs programme        ICRA AA+    20000   outstanding
Ltd
Aditya Birla Housing Finance            Subordinated debt     ICRA AA+    10000   outstanding
Ltd                                     programme
Aditya Birla Housing Finance            Bk lines programme    ICRA AA+ /  54000   Assigned
Ltd                                                           ICRA A1+
Ashoka Concessions Ltd                  Proposed TL           ICRA A      2000    Reaffirmed
Ashoka Dhankuni Kharagpur               TL                    ICRA BBB    16060   Reaffirmed
Tollway Ltd
Ashoka Highways (Durg) Ltd              NCDs                  ICRA A-     2000    Reaffirmed
Ashoka Sambalpur Baragarh               TL                    ICRA A      8079.7  Reaffirmed
Tollway Ltd
Bangalore International                 TL                    ICRA AA     18137.4 Upgraded
Airport Ltd                                                                        from
                                                                                   ICRA AA-
Bangalore International                 Unallocated           ICRA AA     500     Upgraded
Airport Ltd                                                                        from
                                                                                   ICRA AA-
Chidambaram Shipcare Pvt Ltd            CC                    ICRA BB+    25      -
Issuer Not Cooperating
Chidambaram Shipcare Pvt Ltd            Unallocated           ICRA BB+    6.5     -
Issuer Not Cooperating
Cholamandalam Investment And            NCDs                  ICRA AA     129682  Reaffirmed
Finance Co. Ltd
Cholamandalam Investment And            Subordinated Debt     ICRA AA     22950   Reaffirmed
Finance Co. Ltd
Cholamandalam Investment And            LT Loans from Bks     ICRA AA     66183   Reaffirmed
Finance Co. Ltd
Cholamandalam Investment And            Sublimit - Non-FBL    ICRA AA     1000^   Reaffirmed
Finance Co. Ltd                         from Bks
^ Sub-limit of Rs. 100.00 crore working capital facilities, included as part of the rated Rs.
4,000.00 crore fund based facilities from banks
Cholamandalam Investment And            NCDs                  ICRA AA     12582   Withdrawn
Finance Co. Ltd
Cholamandalam Investment And            Perpetual Debt        ICRA AA-    13300   Reaffirmed
Finance Co. Ltd                         Instruments
Cholamandalam Investment And            FB Fac from Bks#      ICRA AA /   40000   Reaffirmed
Finance Co. Ltd                                               A1+
# Rs. 4,000.00 crore fund based limits are interchangeable between cash credit and short term
working capital facilities, subject to total utilisation not exceeding Rs. 4,000.00 crore
Gurpreet Galvanising Pvt. Ltd.          FB – CC               ICRA BBB    500     Upgraded
                                                                                   from
                                                                                   ICRA BBB-
Gvpr Engineers Ltd                      FB – CC               ICRA A      2450    Reaffirmed
Gvpr Engineers Ltd                      LT-Non-fund based     ICRA A      7780    Reaffirmed
Gvpr Engineers Ltd                      LT/ STNon fund Based  ICRA A / A1 4070    Reaffirmed
Gvpr Engineers Ltd                      LT/STUnallocated      ICRA A / A1 2500    Reaffirmed
Hindustan Tin Works Ltd                 Working Capital LimitsICRA A-     1240    Reaffirmed /
                                                                                   Assigned
Hindustan Tin Works Ltd                 TL                    ICRA A-     408.6   Reaffirmed /
                                                                                   Assigned
Hindustan Tin Works Ltd                 Unallocated           ICRA A-     151.4   Reaffirmed
Jindal Power Ltd                        NCD                   ICRA A-     1316    Withdrawn
Jindal Power Ltd                        NCD                   ICRA A-     5000    outstanding
Jindal Power Ltd                        LT FB Bk Fac          ICRA A-     80312.8 outstanding
Jindal Power Ltd                        LT non-fund based Bk  ICRA A-     11000   outstanding
                                        Fac
Jindal Power Ltd                        LT unallocated        ICRA A-     2567.2  outstanding
Magnolia Martinique Clothing            FB Limits             ICRA BB     150     Assigned /
Pvt Ltd                                                                            Reaffirmed
Maharaja Sathyam Industries             LT – Fundbased        ICRA B+     59      -
Pvt Ltd
Issuer Not Cooperating
Maharashtra Academy Of                  LT – Fund Based – CC  ICRA A+     1000    Reaffirmed
Engineering & Educational
Research
Maharashtra Academy Of                  LT – Fund Based – TL  ICRA A+     800     Reaffirmed
Engineering & Educational
Research
Raajratna Metal Industries Ltd          LT Fund Based-TL      ICRA A-     100     Reaffirmed
Satin Creditcare Network Ltd            PTC Series A1         Provisional  599.5   Assigned
Ltd                                                           ICRA A-
Satin Creditcare Network Ltd            PTC Series A2         Provisional  20      Assigned
Ltd                                                           ICRA BBB
Shankaranarayan Jewellers               FB- LT Fac            ICRA B-     7.5     -
Issuer Not Cooperating
Shanti Residencies Pvt Ltd              Fund Based- Proposed  ICRA BB-    1500    -
                                        Limits
Issuer Not Cooperating
Sree Arulmani Exports                   FB Limit              ICRA B      68      Reaffirmed
Sree Arulmani Exports                   Unallocated Limit     ICRA B      32      Reaffirmed
Sri Buchiyyamma Rice Mill               FB limits             ICRA B+     120     Reaffirmed
Sri Buchiyyamma Rice Mill               Unallocated limits    ICRA B+     130     Reaffirmed
Sri Ramakrishna Textiles                FB Limit              ICRA B      73.6    Reaffirmed
Sri Ramakrishna Textiles                Unallocated Limit     ICRA B      26.4    Reaffirmed
Tirthanjali Educational Society         LT FB                 ICRA BBB    86      Withdrawn
Tirthanjali Educational Society         Unallocated           ICRA BBB    14      Withdrawn
Trion Properties Pvt Ltd                TL                    ICRA BBB-   866.4   Withdrawn
Universal Cold Storage Pvt Ltd          LT - TL Fac           ICRA BBB-   30      Upgraded
                                                                                   from
                                                                                   ICRA BB+
Universal Cold Storage Pvt Ltd          LT - FB Fac           ICRA BBB-   600     Upgraded
                                                                                   from
                                                                                   ICRA BB+
Varun Finance                           LT Bk Fac             ICRA BBB-   650     Reaffirmed /
                                                                                   Assigned
Aadri Infin Ltd-Ifmr
Capital                                 NCDs                  ICRA A(SO)   -       Upgraded
P.B.I. XIV 2016                                                                    from ICRA
                                                                                   BBB(SO)
Akash Enterprises                       LT FB CC              ICRA BB-     60      Reaffirmed
Bhagwati Woven Pvt. Ltd.                CC                    ICRA B       50      Issuer Not
                                                                                   Cooperating
Bhagwati Woven Pvt. Ltd.                TL                    ICRA B       50.8    Issuer Not
                                                                                   Cooperating
Devi Marine Foods Exports Pvt           LT - FB Fac           ICRA BBB-    250     Upgraded
Ltd                                                                                from ICRA BB+
Epicenter Technologies Pvt Ltd          FB Limit              ICRABB-      100     Upgraded
                                                                                   from ICRA B+
Fairyland Foundations Pvt Ltd           Proposed              ICRA BB-     100     Issuer Not
                                                                                   Cooperating
Fitwel Tools & Forgings Pvt Ltd         Bk Loan               ICRA A-      170     -
                                                              /ICRA A2+
Geo Foundations & Structures            CC                    ICRA BB+     50      Issuer Not
Pvt Ltd                                                                            Cooperating
Jasmine Industrial Corporation          Bk Loans              ICRA B/      300     Issuer Not
                                                              ICRA A4              Cooperating
Kader Exports Pvt Ltd                   LT - TL Fac           ICRA BBB-    175     upgraded
                                                                                   from ICRA BB+
Kader Exports Pvt Ltd                   LT - TL Fac           ICRA BBB-    250     Upgraded
                                                                                   from ICRA BB+
Kader Investment And Trading            LT - TL Fac           ICRA BBB-    39      Upgraded
Company Pvt Ltd                                                                    from ICRA BB+
Kader Investment And Trading            LT - FB Fac           ICRA BBB-    150     Upgraded
Company Pvt Ltd                                                                    from ICRA BB+
Laxmi Memorial Education Trust          LT – Fundbased        ICRA BBB     150     Issuer Not
                                                                                   Cooperating
Laxmi Memorial Education Trust          LT – Nonfund based    ICRA BBB     80      Issuer Not
                                                                                   Cooperating
Liberty Frozen Foods Pvt Ltd            LT - FB Fac           ICRA BBB-    85      Upgraded
                                                                                   from ICRA BB+
Mandar Roller Flour Mills Pvt           FB – CC               ICRA B       15      Issuer Not
Ltd                                                                                Cooperating
Max Properties Pvt Ltd                  FB Fac                ICRA D       77      Issuer Not
                                                                                   Cooperating
Max Properties Pvt Ltd                  Proposed              ICRA D       15      Issuer Not
                                                                                   Cooperating
Prashanth Fertility Research            BLR                   ICRA BBB     450     Issuer Not
Centre Pvt Ltd                                                                     Cooperating
Premier Marine Products Pvt Ltd         LT - FB Fac           ICRA BBB-    100     Upgraded
                                                                                   from ICRA BB+
Pudhuaaru Financial Services            NCDs                  ICRA A(SO)   -       Upgraded
Pvt Ltd-Ifmr Capital                                                               from ICRA
P.B.I. XIV 2016                                                                    BBB(SO)
S.Subrahmanyan Construction Co          CC                    ICRA BB      150     Issuer Not
Pvt Ltd                                                                            Cooperating
Samasta Microfinance                    NCDs                  ICRA A(SO)   -       Upgraded
Ltd-Ifmr Capital P.B.I.XIV                                                         from ICRA
2016                                                                               BBB(SO)
Shreeji Cotton Industries               CC Limit              ICRA B+      105     Assigned
Issuer Not Cooperating
Solidus Hi-Tech Products Pvt            Bk Loan               ICRA BB      270     -
Ltd                                                           /ICRA A4
Spi Power                               Longterm, Term -Loans ICRA BBB -   333.5   Assigned
                                                              (SO)
Sri Koduri Enterprises Pvt Ltd          LT FBL                ICRA B       170     Issuer Not
                                                                                   Cooperating
Sri Koduri Enterprises Pvt Ltd          LT NFBL               ICRA B       5       Issuer Not
                                                                                   Cooperating
Sri Koduri Enterprises Pvt Ltd          Unallocated Limits    ICRA B       25      Issuer Not
                                                                                   Cooperating
Steel Max Rolling Mills Ltd             LT FB Fac             ICRA B       90      Issuer Not
                                                                                   Cooperating
Steelmax Alloys Ltd                     CC                    ICRA B       25      Issuer Not
                                                                                   Cooperating
Steelmax Alloys Ltd                     Fund based – proposed ICRA B       15      Issuer Not
                                                                                   Cooperating
Supreme Power Equipment Pvt Ltd         CC                    ICRA B+      37      -
Svasti Microfinance Pvt                 NCDs                  ICRA A(SO)   -       Upgraded
Ltd-Ifmr Capital P.B.I. XIV                                                        from ICRA
2016                                                                               BBB(SO)
Swastik Traders                         CC                    ICRA B+      30      Issuer Not
                                                                                   Cooperating
Swastik Traders                         BG                    ICRA B+      30      Issuer Not
                                                                                   Cooperating
Trimex Industries Pvt Ltd               LT Fund Based         ICRA D       300     Issuer Not
                                                                                   Cooperating
Trimex Industries Pvt Ltd               TL                    ICRA D       100     Issuer Not
                                                                                   Cooperating
Triveni Engineering &                   FB Limits             ICRA A+      14250   Outstanding
Industries Ltd
Triveni Engineering &                   TL                    ICRA A+      2927.6  Outstanding
Industries Ltd
Zen Lefin Pvt Ltd-Ifmr
Capital                                 NCDs                  ICRA A(SO)   -       Upgraded
P.B.I. Xiv 2016                                                                    from ICRA
                                                                                   BBB(SO)
--------------------------------------------------------------------------------------------
$: 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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