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RPT-ICRA ratings for Indian debt instruments-Aug 31
August 31, 2017 / 12:06 PM / 21 days ago

RPT-ICRA ratings for Indian debt instruments-Aug 31

 (Repeating to add more Ratings)
    Aug 31 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of August 30, 2017.


COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Famous Vitrified Pvt Ltd                Non-FBL               ICRA A4     26.5    Reaffirmed
Homera Tanning Industries Pvt           ST Non-fund Based     ICRA A4     122.4   Reaffirmed
Ltd
Apm Infrastructure Pvt Ltd              Non-Fund Based – BG   ICRA A4     70      Reaffirmed
Calsea Footwear Pvt Ltd                 ST FB Facility        ICRA A3             Reaffirmed
Calsea Footwear Pvt Ltd                 ST Non-fund Based     ICRA A3     90      Reaffirmed
                                        Facility
Devarsh Construction Company            BG                    ICRA A4     35      Withdrawn
Euro Footwear Ltd                       Non-FB Fac            ICRA A2+     47      Reaffirmed
Hariom Ingots & Power Pvt Ltd           Non FB Limits         ICRA A4             Reaffirmed
Hariom Ingots & Power Pvt Ltd           Unallocated Limits    ICRA A4     48.4    Reaffirmed
Magma Fincorp Ltd - Mfl                 PTC Series A1         ICRA A1+    181.8   Withdrawn
Securitisation Trust Xxviii                                   (SO)
Magma Fincorp Ltd - Mfl                 PTC Series A2         ICRA A1+    301.3   Withdrawn
Securitisation Trust Xxviii                                   (SO)
Magma Fincorp Ltd - Mfl                 PTC Series A3         ICRA A1+    227     Withdrawn
Securitisation Trust Xxviii                                   (SO)
Mira Exim Ltd                           FB limits             ICRA A4+    432     Assigned/
                                                                                   Outstanding
Sai India Ltd                           ST – Non-FB Fac       ICRA A4     11      Withdrawn
Sungold Tropic Fruit Products           ST FB Fac             ICRA A4     140     -
Pvt Ltd
Issuer not cooperating
Sungold Tropic Fruit Products           ST Non-FB Fac         ICRA A4     50      -
Pvt Ltd
Issuer not cooperating

LONG TERM RATINGS:
-------------------
Boltmaster (India) Pvt Ltd              BLR                   ICRA B-      228     -
Issuer not cooperating
Bvl Infrastructure Pvt Ltd              LT- Fund Based- TL    ICRA B+     230     Assigned
Bvl Infrastructure Pvt Ltd              LT- Fund Based- CC    ICRA B+     100     Assigned
Bvl Infrastructure Pvt Ltd              LT- Unallocated Fac   ICRA B+     40      Assigned
Corona Vitrified Pvt Ltd                BLR                   ICRA BB/A4+  143     -
Issuer not cooperating
Apm Infrastructure Pvt Ltd              FB – CC               ICRA B      85      Reaffirmed
Calsea Footwear Pvt Ltd                 LT FB Fac             ICRA BBB-   200     Reaffirmed
Devarsh Construction Company            Overdraft             ICRA B+     30      Withdrawn
Devarsh Construction Company            Unallocated           ICRA B+ /   5       Withdrawn
                                                              ICRA A4
Euro Footwear Ltd                       FB Fac                ICRA A-      117.5   Reaffirmed
Euro Footwear Ltd                       TL                    ICRA A-      2       Reaffirmed
Euro Footwear Ltd                       Proposed LT Fac       ICRA A-      33.5    Reaffirmed
Girijashankar Cotton Pvt Ltd            LT fund based         ICRA B+     70      Issuer not
                                                                                   Cooperating*
*Issuer did not co-operate; based on best available information
Girijashankar Cotton Pvt Ltd            LT -Unallocated       ICRA B+     10      Issuer not
                                                                                   Cooperating*
*Issuer did not co-operate; based on best available information
Hariom Ingots & Power Pvt Ltd           FB Limits             ICRA B+     281.6   Reaffirmed
Magnum Industries                       FBL                   ICRA BB     62.5    Withdrawn
Magnum Industries                       Untied Limits         ICRA BB     4.6     Withdrawn
Mira Exim Ltd                           Fund- based limits    ICRA BB+    18      Assigned
Mirza International Ltd                 TL                    ICRA A       200     Reaffirmed
Mirza International Ltd                 FB Limits             ICRA A       3500    Reaffirmed
Natural Storage Solutions Pvt           NCDs (NCD)            ICRA BB+    40      Reaffirmed
Ltd
Natural Storage Solutions Pvt           Unallocated NCDs      ICRA BB+    40      Reaffirmed
Ltd
Ongole Municipal Corporation            Issuer Rating         Ir BBB
Issuer not cooperating
Ostro Urja Wind Pvt Ltd                 TL                    ICRA BBB+   3999.6  Assigned
Ostro Urja Wind Pvt Ltd                 Unallocated           ICRA BBB+   200.4   Assigned
Quatro Rail Tech Solutions Ltd          LT FB CC              ICRA BB+    45      Reaffirmed
Quatro Rail Tech Solutions Ltd          LT/ST Unallocated Fac ICRA BB+    55      Reaffirmed
                                                              /ICRA A4+;
S.K. Solvex Pvt Ltd                     LT fund based         ICRA B      85      Issuer not
                                                                                   Cooperating*
*Issuer did not co-operate; based on best available information
Sanmati Edible Oils Pvt Ltd             LT fund based         ICRA B      80      Issuer not
                                                                                   Cooperating*
*Issuer did not co-operate; based on best available information
Shree Balaji Ice And Cold               FB CC                 ICRA B      39      Reaffirmed
Storage
Shree Balaji Ice And Cold               FB TL                 ICRA B      19.5    Reaffirmed
Storage
Famous Vitrified Pvt Ltd                FB Limit              ICRA BB-    180     Reaffirmed
Homera Tanning Industries Pvt           LT FB                 ICRA B+     300     Upgraded
Ltd                                                                                from ICRA B
Homera Tanning Industries Pvt           LT/ST FB              ICRA B+ /   45      Upgraded
Ltd                                     (Interchangeable)     ICRA A4             from ICRA B
                                                                                   / Reaffirmed
Homera Tanning Industries Pvt           LT/ST Unallocated     ICRA B+ /   1.2     Upgraded
Ltd                                                           ICRA A4             from ICRA B
                                                                                   / Reaffirmed
Lucknow Medical Agencies                LT-Fundbased Limits   ICRA B     65      -
Issuer not cooperating
M. B. Garments (India) Pvt Ltd          Bk Fac                ICRA B       67      -
Issuer not cooperating
M.G. Brothers Industries Pvt            BLR                   ICRA BB-     100     -
Ltd Pvt
Issuer not cooperating
Magus Metals Pvt Ltd                    CC                    ICRA C+     80      Assigned
Magus Metals Pvt Ltd                    TL                    ICRA C+     19      Assigned
Magus Metals Pvt Ltd                    Unallocated Limits    ICRA C+     11      Assigned
Perfect Communication                   BLR                   ICRA B+      60      -
Issuer not cooperating
Radiant Organics Pvt Ltd                BLR                   ICRA BB/A4   73      -
Issuer not cooperating
Rainbow Children’S Medicare             NCD                   ICRA A      1000    -
Pvt Ltd
Review Process is underway
Sai India Ltd                           LT –TL                ICRA B+     3.5     Withdrawn
Sai India Ltd                           LT – FB CC            ICRA B+     51      Withdrawn
Sai India Ltd                           Long/ST – Unallocated ICRA B+ /   14.5    Withdrawn
                                        Limits                ICRA A4
Shm Shipcare                            BLR                   ICRA B/ A4+  900     -
Issuer not cooperating
Singh Hindustan Marine Pvt Ltd          BLR                   ICRA BB-/A4  100     -
Issuer not cooperating
Sizzling Beverages Pvt Ltd              Issuer Rating         Ir B         -       Assigned
Sree Geethanjali Constructions          Bk Loan Ratings       ICRA B+ /   160     -
                                                              ICRA A4
Issuer not cooperating
Sreenagar Cold Storage Pvt Ltd          Bk Fac                ICRA B/      100     -
                                                              ICRA A4
Issuer not cooperating
Winmax Ceramic Pvt Ltd                  BLR                   ICRA B/A4    125     -
Review Process is underway
--------------------------------------------------------------------------------------------
$: 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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