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RPT-ICRA ratings for Indian debt instruments-Aug 30
August 30, 2017 / 10:47 AM / a month ago

RPT-ICRA ratings for Indian debt instruments-Aug 30

 (Repeating to add more ratings)
    Aug 30 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of August 29, 2017.


COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
------------------
Delhi Waste Management Ltd              BLR                   ICRA A3      5       -
Issuer not cooperating
Dhfl Vysya Housing Finance Ltd          CP Programme          ICRA A1+     2000    Assigned ^
^ assigned to the enhanced amount
Duratex Exports                         FBL                   ICRA A4      75      Issuer Not
                                                                                   Cooperating
General Commodities Pvt Ltd             ST – fund based       ICRA A4+     300     Revised from
                                                                                   ICRA A3

General Commodities Pvt Ltd             ST – non fund based   ICRA A4+     67      Revised from
                                                                                   ICRA A3

General Commodities Pvt Ltd             ST – proposed         ICRA A4+     37      Revised from
                                                                                   ICRA A3
Ecl Finance Ltd                         CP Programme (IPO     ICRA A1+     80000   Withdrawn
                                        financing)
Ecl Finance Ltd                         CP Programme          ICRA A1+     36000   outstanding
Ecl Finance Ltd                         ST NCD Programme      ICRA A1+     1000    outstanding
Ecl Finance Ltd                         ST Principal          PP-MLDICRA   9000    outstanding
                                        Protected Market      A1+
                                        Linked Debenture Programme
Edelweiss Financial Services            CP Programme          ICRA A1+     50000   outstanding
Ltd
Edelweiss Financial Services            ST NCD Programme      ICRA A1+     1000    outstanding
Ltd
Edelweiss Financial Services            CP Programme (IPO     ICRA A1+     80000   outstanding
Ltd                                     financing)
Giriraj Jewellers Pvt Ltd               ST – FB –             ICRA A4      25      Reaffirmed
                                        PC/FBP/FUBP/PSDL
Giriraj Jewellers Pvt Ltd               ST – Non-fund based – ICRA A4      60      Reaffirmed
                                        BG
Gmw Engineers Pvt Ltd                   Non-FB limits         ICRA A4      105     Withdrawn
Gmw Engineers Pvt Ltd                   ST-Fund based         ICRA A4      5       Withdrawn
Gowra Petrochem Pvt Ltd                 ST Non-FBL            ICRA A2      70      Upgraded
                                                                                   From ICRA A3+
Gowra Petrochem Pvt Ltd                 ST Unallocated Limits ICRA A2      13      Upgraded
                                                                                   from ICRA A3+
Indostar Capital Finance Ltd            ST debt programme     ICRA A1+     12500   -
Review process is underway
Kotak Commodity Services Pvt            Kotak Commoptionally  ICRA A1+     2000    -
Ltd                                     convertible
                                        debentureity Services Private Limited
Review process is underway
Kotak Commodity Services Pvt            Kotak Commoptionally  ICRA A1+     2500    -
Ltd                                     convertible
                                        debentureity Services Private Limited
Review process is underway
Quattro Engineering India Ltd           Non-FBL               ICRA A4      30      Reaffirmed
Sun Pharmaceutical Industries           CP Programme          ICRA A1+     30000   Assigned
Ltd
Sun Pharmaceutical Industries           ST, FB / non-FBL      ICRA A1+     20000   outstanding
Ltd


LONG TERM RATINGS:
-------------------
Alpha Marine                            FB Limits - EPC       ICRA BB-     150     outstanding
Alpha Marine                            TL                    ICRA BB-/ A4 80.1    Assigned /
                                                                                   Outstanding
Alpha Marine                            Unallocated           ICRA BB-/ A4 189.9   Assigned /
                                                                                   Outstanding
Anand Rice Mills                        FB Limits             ICRA BB+     390     Assigned
Duratex Exports                         FBL – TL              ICRA B       75      Issuer Not
                                                                                   Cooperating
N G Fertilizers And Chemicals           FB – TL               ICRA BB+     200     Issuer Not
(P) Ltd                                                                            Cooperating
N G Fertilizers And Chemicals           FB – CC               ICRA BB+     460     Issuer Not
(P) Ltd                                                                            Cooperating

Basix Sub-K Itransactions Ltd           LT Bk lines           ICRA BB- @   80      outstanding
@ signifies rating on watch with negative implications
Delhi Waste Management Ltd              BLR                   ICRA BBB-    45      -
Issuer not cooperating
Dhfl Vysya Housing Finance Ltd          TL                    ICRA A+      309.6   outstanding
Dm Cotton Industries                    BLR                   ICRA B/ICR   100     -
                                                              A4
Review process is underway
Ecl Finance Ltd                         NCD Programme         ICRA AA      73500   outstanding
Ecl Finance Ltd                         Subordinated Debt     ICRA AA      11500   outstanding
                                        Programme
Ecl Finance Ltd                         Bk Lines              ICRA AA /    110000  outstanding
                                                              ICRA A1+
Ecl Finance Ltd                         LT Principal          PP-MLDICRA   3000    outstanding
                                        Protected Market      AA
                                        Linked Debenture Programme (Unsecured and Subordinated)
Ecl Finance Ltd                         LT Principal          PP-MLDICRA   13500   outstanding
                                        Protected Market      AA
                                        Linked Debenture Programme
Edelweiss Financial Services            NCD Programme         ICRA AA      5000    outstanding
Ltd
Giriraj Jewellers Pvt Ltd               LT – FB – CC          ICRA B       60      Reaffirmed
Giriraj Jewellers Pvt Ltd               LT and ST –           ICRA B / A4  5       Reaffirmed
                                        Unallocated
Gmr Warora Energy Ltd                   BLR                   ICRA D       26850   -
Review process is underway
Gmw Engineers Pvt Ltd                   FB limits             ICRA BB-     17.6    Withdrawn
Gowra Petrochem Pvt Ltd                 LT FB Limits          ICRA BBB+    45      Upgraded
                                                                                   from ICRA BBB
Gowra Petrochem Pvt Ltd                 LT/ST FB/NonFund basedICRA BBB+ /  330     Upgraded
                                                              A2                   from ICRA
                                                                                   BBB / A3+
Prudhvi Constructions Pvt Ltd           BLR                   ICRA B+      80      -
Issuer delayed in giving information
Quattro Engineering India Ltd           FB – CC               ICRA BB-     70      Reaffirmed
Quattro Engineering India Ltd           FB – TL               ICRA BB-     80      Reaffirmed
R.L Foods                               FB Limits             ICRA BB+     650     Assigned
S.K Foods                               FB Limits             ICRA BB+     150     Assigned
Solairedirect Energy India Pvt          BLR                   ICRA         750     -
Ltd                                                           BBB+/ICR A2+
Review process is underway
Solairedirect Projects India            BLR                   ICRA BBB     1125    -
Pvt Ltd
Review process is underway
Sun Pharmaceutical Industries           Proposed LT / ST      ICRA AAA/A1+ 20000   outstanding
Ltd                                     borrowing programme
Sun Pharmaceutical Industries           Proposed LT / ST      ICRA AAA/A1+ 10000   Assigned
Ltd                                     borrowing programme
Ujjivan Small Finance Bank Ltd          PTC Series A1         ICRA A+      840     Reaffirmed
- Ceres 2016
Ujjivan Small Finance Bank Ltd          PTC Series A1         ICRA A+      1635.5  Reaffirmed
- Fubelt Ifmr
Capital 2016
Ujjivan Small Finance Bank Ltd          PTC Series A1         ICRA BBB+    89.9    Reaffirmed
- Fubelt Ifmr
Capital 2016
Ujjivan Small Finance Bank Ltd          PTC Series A1         ICRA A       749.4   Reaffirmed
- Hodor Sbl
Ifmr Capital
2016
Ujjivan Small Finance Bank Ltd          PTC Series A2         ICRA BBB     60.3    Reaffirmed
- Hodor Sbl
Ifmr Capital
2016
Ujjivan Small Finance Bank Ltd          PTC Series A1         ICRA AAA     295.4   Upgraded
- Hoshi 2016                                                                       from ICRA AA-
Ujjivan Small Finance Bank Ltd          PTC Series A1         ICRA A       1086.5  Reaffirmed
- Maatalous 2016
Ujjivan Small Finance Bank Ltd          PTC Series A1         ICRA AA      492.8   Upgraded
- Phoibe 2016                                                                      from ICRA A+
Voora Housing Pvt Ltd                   FB – TL               ICRA BB-     47      Reaffirmed
Voora Housing Pvt Ltd                   Unallocated limits    ICRA BB-     23      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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