December 2, 2019 / 10:55 AM / 5 days ago

RPT-ICRA ratings for Indian debt instruments-Dec 2

 (Repeating to add more ratings)
    Dec 2 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of November 29, 2019.


COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Abi-Showatech (India) Pvt Ltd           Non-fund Based –      ICRA A1+     200     Reaffirmed
                                        Working Capital Fac
Active Char Products Pvt Ltd            Non fund based        ICRA A4      5
moved to “Issuer not Cooperating” category
Aparna Enterprises Ltd                  Non-fund Based –      ICRA A2+     250     Reaffirmed
                                        Working Capital Fac
Apollo International Ltd                FB – Working Capital  ICRA A4+     330.5   Downgraded
                                        Fac                                        from ICRA A3
Asian Construction Company              ST Nonfund based/ BG  ICRA A4      450
Bafna Enterprises                       ST – Non Fund Based   ICRA A4+     47.5
Downgraded from ICRA A2 and continues to remain under ‘Issuer Not Cooperating’ category
Bansal Fine Foods Pvt Ltd               ST non FB Fac         ICRA A4      60
Reason for delay in carrying out periodic review: - Review process is underway
Bansal Fine Foods Pvt Ltd               Interchangeable limitsICRA A4      0
Reason for delay in carrying out periodic review: - Review process is underway
Bevcon Wayors Pvt Ltd                   ST-Non Fund Based     ICRA D       750     Downgraded
                                                                                   from ICRA A4+
Bhartiya International Ltd              ST-fund based/ non-FB -            -       -
                                        Fac
Bestech India Pvt Ltd                   Non-funds-based       ICRA A3+     400     Reaffirmed
Bhartiya International Ltd              ST – non-FB Fac       ICRA A2      1574.5  Reaffirmed
Chorus Labs Ltd                         ST - Non Fund Based   ICRA A4      27.5
Continues to remain under the ‘Issuer Not Cooperating’ category
Davat Beverages Pvt. Ltd.               Non-fund Based -BG    ICRA A4+     5       Reaffirmed
Desein Pvt Ltd                          Non-FBL               ICRA A4      150     Downgraded
                                                                                   from ICRA A4+
Hdfc Securities Ltd                     ST non-fund based Bk  ICRA A1+     400     Reaffirmed
                                        lines
Hdfc Securities Ltd                     CP (CP) programme     ICRA A1+     5000    Assigned
Hvk International Pvt Ltd               ST – Non-fund based   ICRA A3+     50      Reaffirmed
Iifl Home Finance Ltd                   CP programme          ICRA A1+     50000   Reaffirmed
Iifl Wealth Finance Ltd                 CP Programme (IPO -   ICRA A1+     30000   Assigned
                                        Financing)
Iifl Wealth Finance Ltd                 CP programme          ICRA A1+     15000   outstanding
Iifl Wealth Management Ltd              CP programme (IPO     ICRA A1+     10000   Assigned
                                        Financing) -
Iifl Wealth Management Ltd              CP programme          ICRA A1+     2000    outstanding
India Infoline Finance Ltd              CP Programme          ICRA A1+     80000   Reaffirmed
India Infoline Media And                CP programme          ICRA A1+     -       Withdrawn
Research Services Ltd
Indian Furniture Products Ltd           ST – Non Fund Based   ICRA A4      250
Downgraded from ICRA A4+(CE) and continues to remain under ‘Issuer Not Cooperating’ category
Indian Overseas Bank                    CD                    ICRA A1+     0
Reason for delay in carrying out periodic review: Review process is underway
Indo German Carbons Ltd                 Non fund based        ICRA A4      5
moved to “Issuer not Cooperating” category
Ishwar Cables Pvt Ltd                   ST:                   ICRA A4      10
                                        Non-FundBased-BG/LOC
Continues to remain under the ‘Issuer Not Cooperating’ category
Ishwar Metal Industries                 ST: Non-Fund          ICRA A4      225
                                        Based-BG/ LOC
Continues to remain under the ‘Issuer Not Cooperating’ category
Karvy Stock Broking Ltd                 CP Programme          ICRA D       3000    Downgraded
                                                                                   from ICRA A4
Rating Continues to remain under ‘Issuer Not Cooperating’ category
K S Infra Transmission Pvt Ltd          ST:                   ICRA A4      25
                                        Non-Fund Based-BG/LOC
Continues to remain under the ‘Issuer Not Cooperating’ category
Kanishk Metal Recycling Pvt Ltd         ST – Non Fund Based   ICRA A4+     20      Withdrawn
Kartya Constructions Pvt. Ltd.          ST – Non Fund Based   ICRA A4      2.5
Rating Continues to remain under ‘Issuer Not Cooperating’ category
Kataria Plastics Pvt Ltd                ST - Non-Fund Based   ICRA A4      350
Downgraded from ICRA A4+ and moved to ‘Issuer Not Cooperating’ category
Manish Agro-Tech Ltd                    ST Non-FB Fac         ICRA A4      100
Continues to remain under ‘Issuer Not Cooperating’ category
Manubhai Mangaldas Securities           ST Non-fund Based Bk  ICRA A4+     220     Reaffirmed
Pvt Ltd                                 Fac
Nahar Industrial Enterprises            ST non-fund based     ICRA A2+     1051.3  Reaffirmed
Ltd                                     (LOC)
Nahar Industrial Enterprises            CP (CP)               ICRA A2+     500     Reaffirmed
Ltd                                                                                and Withdrawn
Niif Infrastructure Finance Ltd         CP programme          ICRA A1+     6000    outstanding
Opg Business Centre Pvt Ltd             ST – Non Fund Based   ICRA A3      75      Withdrawn
Oshina Expo Pvt Ltd                     Non-fund based/ BG    ICRA A4      10
Continues to remain in the ‘ISSUER NOT COOPERATING’ category
Parakh Foods And Oils Ltd               ST – Interchangeable  -            -       -Parakh Foods
And Oils Ltd               ST - Non-Fund Based   ICRA A2+     1520    Reaffirmed -
Raaja Magnetics Ltd                     ST- Non-Fund Based    ICRA A4 +    168.3
Downgraded from ICRA A3; Rating continues to remain under ‘Issuer Not Cooperating’ category
Rane Holdings Ltd                       CP                    ICRA A1+     -       Withdrawn
Rpg Life Sciences Ltd                   ST, Non-fund Based    ICRA A2+     259.2   Reaffirmed
                                        Fac
Rpg Life Sciences Ltd                   ST, Non-fund Based    ICRA A2+     ^       Reaffirmed
                                        Fac
^Sub-limit of long-term, fund-based facilities
Shah Coal Pvt Ltd                       LOC                   ICRA A4+     1200    Reaffirmed
Shreya Broadcasting Pvt Ltd             ST - Non Fund Based   ICRA A4      20
Downgraded from ICRA BB+ (Stable) and Moved to ‘Issuer Not Cooperating’ category
Sre Venkatachalapathy Textiles          ST – Non Fund Based   ICRA A4      25
Rating moved to ‘Issuer Not Cooperating’ category
Strides Pharma Science Ltd              ST FB Fac             -            -       -
Strides Pharma Science Ltd              ST non-FB Fac         ICRA A1      4200    -
reaffirmed and removed from watch with developing implications
Strides Pharma Science Ltd              Unallocated Fac       ICRA A1      5300    -
reaffirmed and removed from watch with developing implications
Sundaram Alloys Ltd                     Non-FB Fac            ICRA A2      1000    Withdrawn
Issuer Not Cooperating
Surbhi Industries Ltd                   Non-fund Based-LOC    ICRA A4      15      Withdrawn
Surbhi Textile Mills Pvt Ltd            Non-fund Based-LOC    ICRA A4+     15      Withdrawn
Techno Electric & Engineering           Non-FB Fac            ICRA A1+     13050   Reaffirmed
Co. Ltd
Techno Electric & Engineering           FB Fac                ICRA A1+     ***     Reaffirmed
Co. Ltd
***sublimit of Rs. 90 crore short term non-fund based facilities
The Shipping Corporation Of             ST Debt Programme     ICRA A1+     20000   Reaffirmed
India Ltd
Windlas Biotech Pvt Ltd                 ST: Non-FBL           ICRA A1      20      Reaffirmed
Windlas Biotech Pvt Ltd                 ST: FBL               ICRA A1      250     Reaffirmed
Windlas Biotech Pvt Ltd                 ST: Interchangeable   ICRA A1      0       Reaffirmed
Yamuna Power & Infrastucture            Non-FB limits         ICRA A4+     365
Ltd
Reason for delay in carrying out periodic review:- Review process is underway
Stci Finance Ltd                        CP programme          ICRA A1+     20000   -
(Reason for delay in carrying out periodic review: - Review process is underway)
 
LONG TERM RATINGS:
-------------------
Aarti Logistic Pvt. Ltd.                LT non-FBL            ICRA BB      100     Reaffirmed
                                                              (Stable)
Aarti Logistic Pvt. Ltd.                LT/ST unallocated     ICRA BB      50      Reaffirmed
                                                              (Stable)
                                                              /ICRA A4+
Abi-Showatech (India) Pvt Ltd           Fund Based – TL       ICRA A+      500     Reaffirmed
outlook revised to ‘Negative’ from ‘Stable’
Abi-Showatech (India) Pvt Ltd           Fund Based – Working  ICRA A+      550     Reaffirmed
                                        Capital Fac
outlook revised to ‘Negative’ from ‘Stable’
Active Char Products Pvt Ltd            Fund based: Working   ICRA B+      105     revised from
                                        capital Fac           (Stable)             ICRA BB
moved to “Issuer not Cooperating” category
Active Char Products Pvt Ltd            Fund based: TL        ICRA B+      15      revised from
                                                              (Stable)             ICRA BB
moved to “Issuer not Cooperating” category
Adinath Silks Pvt Ltd (Erst             Fund Based – Working  ICRA         350     Reaffirmed
Adinath Silks Ltd)                      Capital Fac  TL       BB+(Stable)
Aditi Foods (India) Pvt Ltd             Fund based-CC         ICRA BB+     30
Rating continues to remain under the ‘Issuer Not Cooperating’ category
Aditi Foods (India) Pvt Ltd             Fund based-TL         ICRA         95
                                                              BB+(Stable)
Rating continues to remain under the ‘Issuer Not Cooperating’ category
Air India Ltd                           NCDs (NCD 1)          ICRA         40000   Reaffirmed
                                                              AAA(CE)
                                                              (Stable)
Air India Ltd                           NCDs (NCD 2)          ICRA         15000   Reaffirmed
                                                              AAA(CE)
                                                              (Stable)
Amber International                     Bk loans              ICRA         52.5
                                                              B+(Stable)
                                                              /ICRA A4
Reason for delay in carrying out periodic review –Issuer delayed in giving information
Aparna Enterprises Ltd                  Fund Based – TL       ICRA         1095    Upgraded
                                                              A-(Stable)           from ICRA
                                                                                   BBB+(Stable)
Aparna Enterprises Ltd                  Fund Based – Working  ICRA         1600    Upgraded
                                        Capital Fac           A-(Stable)           from ICRA
                                                                                   BBB+(Stable)
Aparna Enterprises Ltd                  Unallocated Fac       ICRA         255     Upgraded
                                                              A-(Stable)           from ICRA
                                                                                   BBB+(Stable)
Apollo International Ltd                Non-fund Based –      ICRA BB+     1118.4  Downgraded
                                        Working Capital       (Stable)             from ICRA
                                                              /ICRA A4+           
BBB(negative)/ICRA A3
Apollo International Ltd                Unallocated Limits    ICRA BB+     551.1   Downgraded
                                                              (Stable)             from ICRA
                                                              /ICRA A4+           
BBB(negative)/ICRA A3
Ashoka Foam Pvt Ltd                     Fund Based- CC        ICRA B+      50
                                                              (Stable)
Reason for delay in carrying out periodic review:- Review process is underway
Ashoka Foam Pvt Ltd                     Fund Based- TL        ICRA B+      100
                                                              (Stable)
Reason for delay in carrying out periodic review:- Review process is underway
Asian Construction Company              LT Fund               ICRA BB      275
                                        based/Overdraft       (Stable)
Downgraded from ICRA BBB- (Positive) and , outlook revised and continues to remain in the
‘ISSUER NOT COOPERATING’ category
Auraya Healthcare                       LT – Fund Based – TL  ICRA         45
                                                              BB(Stable)
Rating moved to the ‘Issuer Not Cooperating’ category
Auraya Healthcare                       LT – Fund Based – CC  ICRA         30
                                                              BB(Stable)
Rating moved to the ‘Issuer Not Cooperating’ category
Bafna Enterprises                       LT – Fund Based – CC  ICRA BB+     70
                                                              (Stable)
Downgraded from ICRA BBB (Stable) and continues to remain under ‘Issuer Not Cooperating’
category
Bansal Fine Foods Pvt Ltd               CC                    ICRA BB      300
                                                              (Stable)
Reason for delay in carrying out periodic review:  Review process is underway
Bestech India Pvt Ltd                   NCDs (NCD)            ICRA BBB     2500    Withdrawn ^
                                                              (Stable)
 ^ICRA has withdrawn the long-term rating outstanding of       BBB (pronounced ICRA triple B) on
the Non-Convertible Debenture (NCD) of Bestech India Private Limited (BIPL). The ratings have
been withdrawn as per the request of the company, and on the intimation that no amount
outstanding against the rated instrument. 
Bestech India Pvt Ltd                   TL                    ICRA BBB     3850    Reaffirmed
                                                              (Stable)
Bevcon Wayors Pvt Ltd                   LT - Fund Based CC    ICRA D       110     Downgraded
                                                                                   from ICRA
                                                                                   BB+ (Stable)
Bevcon Wayors Pvt Ltd                   LT - Fund Based/ TL   ICRA D       26.6    Downgraded
                                                                                   from ICRA
                                                                                   BB+ (Stable)
Bevcon Wayors Pvt Ltd                   LT / ST - Unallocated ICRA D/D     83.4    Downgraded
                                                                                   from ICRA
                                                                                   BB+(Stable)/
                                                                                   A4+
Bhartiya International Ltd              LT/ ST – FB Fac       -            -       -
Bhartiya International Ltd              LT – FB Fac           ICRA BBB+    362.3   Reaffirmed
                                                              (Stable)
Bhartiya International Ltd              LT/ ST – FB/non-FB FacICRA BBB+    3600    Reaffirmed
                                                              (Stable)
                                                              /ICRA A2
Cholamandalam Investment And            PTC Series A          Provisional  2824.8  Confirmed as
Finance Co. Ltd-Platinum Trust                                ICRA AAA(SO)         final
43617
Cholamandalam Investment And            Second Loss Facility  Provisional  134.2   Confirmed as
Finance Co. Ltd-Platinum Trust                                ICRA AAA(SO)         final
43617
Chorus Labs Ltd                         LT - Fund Based/ CC   ICRA         40
                                                              B-(Stable)
Continues to remain under the ‘Issuer Not Cooperating’ category
Chorus Labs Ltd                         LT - Unallocated      ICRA         32.5
                                                              B-(Stable)
Continues to remain under the ‘Issuer Not Cooperating’ category
Clean Wind Power (Devgarh) Pvt          TL                    ICRA A-      6606.7  Reaffirmed
Ltd                                                           (Negative)
outlook revised to Negative from Stable
Clean Wind Power (Devgarh) Pvt          Working Capital       ICRA A-      150     Reaffirmed
Ltd                                                           (Negative)
outlook revised to Negative from Stable
Cochin Surfactants Pvt Ltd              Fund based: Working   ICRA         75      revised from
                                        capital Fac           B+(Stable)           ICRA BB
                                                                                   (Stabl)
moved to “Issuer not Cooperating” category
Davat Beverages Pvt. Ltd.               FB - CC               ICRA         32.5    Upgraded
                                                              BB+(Stable)          from ICRA
                                                                                   BB(Positive)
Davat Beverages Pvt. Ltd.               FB - TL               ICRA         152.7   Upgraded
                                                              BB+(Stable)          from ICRA
                                                                                   BB(Positive)
Deco Equipments Pvt Ltd                 LT – CC               ICRA D       40      Downgraded
                                                                                   from ICRA
                                                                                   B-(Stable)
continues under Issuer Non Cooperating
Deco Equipments Pvt Ltd                 LT-Fund Based-TL      ICRA D       81.9    Downgraded
                                                                                   from ICRA
                                                                                   B-(Stable)
continues under Issuer Non Cooperating
Desein Pvt Ltd                          CC                    ICRA BB      30      Downgraded
                                                              (Stable)             from ICRA
                                                                                   BB+ (Stable)
Desein Pvt Ltd                          Unallocated           ICRA BB      50      Downgraded
                                                              (Stable)             from ICRA
                                                              /ICRA A4             BB+
(Stable)/ICRA A4+
Devbhumi Realtors Pvt Ltd               FB -TL                ICRA A       24250   Reaffirmed
revised to Stable from Positive; assigned for enhanced amount
Devbhumi Realtors Pvt Ltd               Unallocated           ICRA A       500     Reaffirmed
outlook revised to Stable from Positive; assigned for enhanced amount
Dharmarathina Textiles (P) Ltd.         LT fund based – CC    ICRA         155     Withdrawn
                                                              B+(Stable)
Dolly Exim Pvt Ltd                      FB – CC               ICRA B       160     Reaffirmed
                                                              (Stable)
Dolly Exim Pvt Ltd                      FB – TL               ICRA B       20      Reaffirmed
                                                              (Stable)
Hdfc Securities Ltd                     LT FB Bk lines        ICRA AAA     2250    Reaffirmed
                                                              (Stable)
Hdfc Securities Ltd                     LT/ST unallocated Bk  ICRA AAA     350     Reaffirmed
                                        lines                 (Stable)
                                                              /ICRA A1+
Hinduja Leyland Finance Ltd             Subordinated debentureICRA         2050    Reaffirmed
                                                              AA-(Stable)
Hvk International Pvt Ltd               LT/ST – Unallocated   -            0       -
Hvk International Pvt Ltd               LT/ST – Fund based    ICRA BBB     2600    Reaffirmed
                                                              (Stable) /
                                                              ICRA A3+
Iifl Home Finance Ltd                   NCD Programme         ICRA AA      40000   Reaffirmed
outlook revised to Negative from Stable
Iifl Home Finance Ltd                   Sub. Debt Programme   ICRA AA      6000    Reaffirmed
outlook revised to Negative from Stable
Iifl Home Finance Ltd                   LT Fund Based TL      ICRA AA      31158.6 Reaffirmed
outlook revised to Negative from Stable
Iifl Home Finance Ltd                   LT Fund Based CC      ICRA AA      601.5   Reaffirmed
outlook revised to Negative from Stable
Iifl Home Finance Ltd                   LT Unallocated        ICRA AA      18239.9 Reaffirmed
outlook revised to Negative from Stable
Iifl Home Finance Ltd                   LT- -Market Linked    PP-MLDICRA   2000    Reaffirmed
                                        Debenture             AA
outlook revised to Negative from Stable
Iifl Wealth Finance Ltd                 NCD programme         ICRA         2000    outstanding
                                                              AA(Stable)
Iifl Wealth Finance Ltd                 Unsecured NCD         ICRA         6500    outstanding
                                        programme             AA(Stable)
Iifl Wealth Finance Ltd                 LT principal          PP-MLDICRA   10000   outstanding
                                        protected market      AA (Stable)
                                        linked debenture programme
Iifl Wealth Finance Ltd                 LT principal          PP-MLDICRA   35500   outstanding
                                        protected market      AA (Stable)
                                        linked debenture programme
Iifl Wealth Management Ltd              Secured NCD programme ICRA         1000    outstanding
                                                              AA(Stable)
India Infoline Finance Ltd              NCD Programme         ICRA AA      50000   Reaffirmed
outlook revised to Negative from Stable
India Infoline Finance Ltd              Subordinated Debt     ICRA AA      10000   Reaffirmed
                                        Programme
outlook revised to Negative from Stable
India Infoline Finance Ltd              LT Bk Lines           ICRA AA      57750   Reaffirmed
outlook revised to Negative from Stable
India Infoline Finance Ltd              LT Debt Programme     ICRA AA      25100   Reaffirmed
outlook revised to Negative from Stable
India Infoline Finance Ltd              Secured NCD Programme ICRA AA      20000   Reaffirmed
outlook revised to Negative from Stable
India Infoline Finance Ltd              Unsecured NCD         ICRA AA      5000    Reaffirmed
                                        Programme
outlook revised to Negative from Stable
India Infoline Finance Ltd              LT Principal          PP-MLDICRA   5000    Reaffirmed
                                        Protected Equity      AA
                                        Linked Debenture Programme
outlook revised to Negative from Stable
India Infoline Finance Ltd              LT Principal          PP-MLDICRA   1000    Reaffirmed
                                        Protected Market      AA
                                        Linked Debenture Programme
outlook revised to Negative from Stable
India Infoline Finance Ltd              LT Principal          PP-MLDICRA   4000    Reaffirmed
                                        Protected Market      AA
                                        Linked Debenture Programme
outlook revised to Negative from Stable
Indian Furniture Products Ltd           LT – Fund Based – CC  ICRA         378.2
                                                              B+(Stable)
Downgraded from ICRA BB+(CE) (Stable) and continues to remain under ‘Issuer Not Cooperating’
category
Indian Furniture Products Ltd           LT – Fund Based – TL  ICRA         221.4
                                                              B+(Stable)
Downgraded from ICRA BB+(CE) (Stable) and continues to remain under ‘Issuer Not Cooperating’
category
Indian Overseas Bank                    Upper Tier-II Bonds   ICRA A-      14770
                                                              (Negative)
Reason for delay in carrying out periodic review: Review process is underway
Indian Overseas Bank                    Perpetual Bonds       ICRA A-      3000
                                                              (Negative)
Reason for delay in carrying out periodic review: Review process is underway
Indian Overseas Bank                    Basel III Compliant   ICRA A+      3000
                                        Tier-II Bonds         (hyb)
                                                              (Negative)
Reason for delay in carrying out periodic review: Review process is underway
Indian Overseas Bank                    Basel III Compliant   ICRA A+      8000
                                        Tier-II Bonds         (hyb)
                                                              (Negative)
Reason for delay in carrying out periodic review: Review process is underway
Indian Overseas Bank                    Lower Tier-II Bonds   ICRA A+      12900
                                                              (Negative)
Reason for delay in carrying out periodic review: Review process is underway
Indo German Carbons Ltd                 Fund based: Working   ICRA B+      100     Revised from
                                        capital Fac           (Stable)             ICRA
                                                                                   BB(Stable)
moved to “Issuer not Cooperating” category
International Travel House Ltd          Bk loan Ratings       ICRA AA      200
                                                              (Stable)/
                                                              ICRA A1+
Reason for delay in carrying out periodic review: Review process underway
Ishaan Metals Pvt Ltd                   Fund Based- CC (CC)/  ICRA         100
                                        Overdraft (optionally B+(Stable)
                                        convertible debenture)
Rating moved to the ‘Issuer Not Cooperating’ category
Ishaan Metals Pvt Ltd                   Unallocated           ICRA         25
                                                              B+(Stable)
Rating moved to the ‘Issuer Not Cooperating’ category
Ishwar Cables Pvt Ltd                   LT: Fund Based CC     ICRA         60
                                                              B(Stable)
Continues to remain under the ‘Issuer Not Cooperating’ category
Ishwar Metal Industries                 LT: Fund Based CC     ICRA         200
                                                              B+(Stable)
Continues to remain under the ‘Issuer Not Cooperating’ category
Ishwar Metal Industries                 LT: Fund Based TL     ICRA         9.9
                                                              B+(Stable)
Continues to remain under the ‘Issuer Not Cooperating’ category
Jop Hotels Ltd                          TL                    ICRA BBB-    350     Reaffirmed
                                                              (Stable)
K S Infra Transmission Pvt Ltd          LT: Fund Based CC     ICRA         70
                                                              B(Stable)
Continues to remain under the ‘Issuer Not Cooperating’ category
Kanishk Metal Recycling Pvt Ltd         LT fund based – CC    ICRA         50      Withdrawn
                                        5                     BB(Stable)
Kanishk Metal Recycling Pvt Ltd         LT fund based – TL    ICRA         23.6    Withdrawn
                                                              BB(Stable)
Kanishk Metal Recycling Pvt Ltd         LT/ ST – Unallocated  ICRA         93.6    Withdrawn
                                                              BB(Stable)
                                                              /ICRA A4+
Kartya Constructions Pvt. Ltd.          LT – CC               ICRA         78.5
                                                              B+(Stable)
Rating Continues to remain under ‘Issuer Not Cooperating’ category
Kartya Constructions Pvt. Ltd.          LT/ ST – Unallocated  ICRA         4
                                                              B+(stable)/
                                                              ICRA A4
Rating Continues to remain under ‘Issuer Not Cooperating’ category
Karvy Stock Broking Ltd                 LT Bk Lines           ICRA D       2500    Downgraded
                                                                                   from ICRA BB
                                                                                   (negative)
Rating Continues to remain under ‘Issuer Not Cooperating’ category
Kataria Plastics Pvt Ltd                LT - Fund Based/ CC   ICRA         10
                                                              B+(Stable)
Downgraded from ICRA BB+ (Stable)and moved to ‘Issuer Not Cooperating’ category
Kataria Plastics Pvt Ltd                LT / ST – Unallocated ICRA         20
                                                              B+(Stable)
                                                              /A4
Downgraded from ICRA BB+(Stable) /A4+ and moved to ‘Issuer Not Cooperating’ category
Kataria Plastics Pvt Ltd                LT / ST –             ICRA         -
                                        Interchangeable^      B+(Stable)
                                                              /A4
Downgraded from ICRA BB+(Stable) /A4+ and moved to ‘Issuer Not Cooperating’ category
Khaya Solar Projects Pvt Ltd            Fund based-TL         ICRA D       542
Rating moved to the ‘Issuer Not Cooperating’ category
Lnj Power Ventures Ltd                  TL                    ICRA BBB-    842.4   Revised from
                                                              (Negative)           ICRA
                                                                                   BBB(Stable)
Lot Mobiles Pvt Ltd                     LT - Fund Based/ CC   ICRA         50
                                                              BB+(Stable)
Continues to remain under the ‘Issuer Not Cooperating’ category
Maa Mahamaya Industries Ltd             Fund based – CC       ICRA D       1492.3  Withdrawn
Maa Mahamaya Industries Ltd             FB –TL                ICRA D       2822.3  Withdrawn
Maa Mahamaya Industries Ltd             Non-FBL               ICRA D       230.2   Withdrawn
Maa Mahamaya Industries Ltd             Unallocated Limits    ICRA D/ICRA  5.2     Withdrawn
                                                              D
Manish Agro-Tech Ltd                    CC Fac                ICRA B+      100
                                                              (Stable)
Downgraded from ICRA BB(Stable) and continues to remain under ‘Issuer Not Cooperating’ category
Manish Agro-Tech Ltd                    LT Unallocated        ICRA B+      50
                                                              (Stable)
Downgraded from ICRA BB and continues to remain under ‘Issuer Not Cooperating’ category
Manubhai Mangaldas Securities           LT FB Bk Fac          ICRA BB      40      Reaffirmed
Pvt Ltd                                                       (Stable)
Mayajaal Entertainment Ltd              LT FB facility        ICRA         450     Upgraded
                                                              B(Stable)            from ICRA
                                                                                   B-(Stable)
Nagarjuna Warehousing                   LT - Fund Based TL    ICRA         77.8
                                                              B(Stable)
Continues to remain under the ‘Issuer Not Cooperating’ category
Nagarjuna Warehousing                   LT – Unallocated      ICRA         2.2
                                                              B(Stable)
Continues to remain under the ‘Issuer Not Cooperating’ category
Nahar Industrial Enterprises            LT FB Bk facility (CC)ICRA A-      6300    Reaffirmed
Ltd                                                           (Negative)
outlook revised from Stable
Nahar Industrial Enterprises            LT FB Bk facility (TL)ICRA A-      2595.9  Reaffirmed
Ltd                                                           (Negative)
outlook revised from Stable
Nahar Industrial Enterprises            LT unallocated limits ICRA A-      500     Reaffirmed
Ltd                                                           (Negative)
outlook revised from Stable
National (India) Contractors &          No Default Statement’ ICRA D       -
Engineers                               (“NDS
Issuer Not Cooperating
Natraj Industries                       Fund based-CC         ICRA D       150
Downgraded from ICRA B+ and moved to the ‘Issuer Not Cooperating’ category
Niif Infrastructure Finance Ltd         NCD programme         ICRA         80000   outstanding
                                                              AAA(Stable)
Nuevo Polymers Pvt Ltd                  Fund based/CC         ICRA B+      3500
                                                              (Stable)/A4,
Downgraded from ICRA BB- (Positive) and outlook revised, Ratings continues to remain in the
‘ISSUER NOT COOPERATING’ category
Opg Business Centre Pvt Ltd             LT/ ST – Unallocated  ICRA BBB-    89.3    Withdrawn
                                                              (Stable)
                                                              /ICRA A3
Opg Business Centre Pvt Ltd             LT fund based – CC    ICRA         50      Withdrawn
                                                              BBB-(Stable)
Opg Business Centre Pvt Ltd             LT fund based – TL    ICRA         92      Withdrawn
                                                              BBB-(Stable)
Orient Green Power Co. Ltd              FB -TL                ICRA D       343.9   Reaffirmed
Orient Green Power Co. Ltd              FB - Working Capital  ICRA D       0       -
                                        Fac
Oshina Expo Pvt Ltd                     Fund based/CC         ICRA         50
                                                              B(Stable)
Continues to remain in the ‘ISSUER NOT COOPERATING’ category
Oshina Expo Pvt Ltd                     Unallocated           ICRA         40
                                                              B(Stable)
Continues to remain in the ‘ISSUER NOT COOPERATING’ category
Parakh Foods And Oils Ltd               LT - Fund Based TL    ICRA A       750     Reaffirmed
                                                              (Stable)
Parakh Foods And Oils Ltd               LT - Fund Based/ CC   ICRA A       1250    Reaffirmed
                                                              (Stable)
Parakh Foods And Oils Ltd               LT/ST- InterchangeableICRA A(      -       Reaffirmed
                                                              Stable)
                                                              /ICRA A2+
Prayagraj Power Generation Co.          TL                    ICRA D       114930  Reaffirmed
Ltd
Prayagraj Power Generation Co.          CC                    ICRA D       7000    Reaffirmed
Ltd
Prayagraj Power Generation Co.          Non-FB limits         ICRA D       2120    Reaffirmed
Ltd                                     (derivates)
Prayagraj Power Generation Co.          Non-FB limits         ICRA D       1000    Reaffirmed
Ltd                                     (working capital)
Prestige Estates Projects Ltd           Bk lines              ICRA A+      45000   Reaffirmed
                                                              (stable)
Prestige Estates Projects Ltd           NCDs                  ICRA A+      6500    Reaffirmed
                                                              (stable)
Prestige Habitat Ventures               TL                    ICRA A+(CE)  6900    Reaffirmed
                                                              (Stable)
Pune Solapur Expressways Pvt            NCD Programme         ICRA         7755    Reaffirmed
Ltd                                                           A(Stable)
Pune Solapur Expressways Pvt            TL                    ICRA         2000    Reaffirmed
Ltd                                                           A(Stable)
Raaja Magnetics Ltd                     LT - Fund Based       ICRA BB+     120
                                                              (Stable)
Downgraded from ICRA BBB- (Stable) ; Rating continues to remain under ‘Issuer Not Cooperating’
category
Raaja Magnetics Ltd                     LT - Fund Based TL    ICRA BB+     30
                                                              (Stable)
Downgraded from ICRA BBB- (Stable); Rating continues to remain under ‘Issuer Not Cooperating’
category
Rane Holdings Ltd                       TL                    ICRA AA-     237.5   Reaffirmed
                                                              (Stable)
Rane Holdings Ltd                       LT fund based         ICRA AA-     50      Reaffirmed
                                                              (Stable)
Rane Holdings Ltd                       LT unallocated        ICRA AA-     212.5   Reaffirmed
                                                              (Stable)
Rathnavel Subramaniam                   LT – TL               ICRA D       840
Educational Trust
Rating moved to ‘Issuer Not Cooperating’ category
Rosa Power Supply Co. Ltd               LER limit             -            -       -
Rosa Power Supply Co. Ltd               TL                    ICRA B+      26670   Upgraded to
                                                              (Stable)             from ICRA D
Rosa Power Supply Co. Ltd               Working Capital Fac   ICRA B+      14000   Upgraded to
                                        (CC /Working Capital  (Stable)             from ICRA
                                        Demand Loan)                               D/ICRA D
Rosa Power Supply Co. Ltd               Non-FBL (BG and LOC)  ICRA B+      1000    Upgraded
                                                              (Stable)             from ICRA D
                                                                                   / ICRA D
Rpg Life Sciences Ltd                   Long-TL               ICRA A-      350     Reaffirmed
                                                              (Stable)
Rpg Life Sciences Ltd                   LT, FB Fac            ICRA A-      400     Reaffirmed
                                                              (Stable)
Salarpuria Properties Pvt Ltd           FB -TL                ICRA A       910     Reaffirmed
outlook revised to Stable from Positive
Salarpuria Properties Pvt Ltd           FB - Working Capital  ICRA A       910     Reaffirmed
                                        Fac
outlook revised to Stable from Positive
Salarpuria Properties Pvt Ltd           Non-fund              ICRA A       843.7   Reaffirmed
                                        Based-Working Capital
                                        Fac
outlook revised to Stable from Positive
Salarpuria Properties Pvt Ltd           Unallocated           ICRA A       5       Reaffirmed
outlook revised to Stable from Positive
Sattva Developers Pvt. Ltd.             FB - Working Capital  -            0       -
                                        Fac
Sattva Developers Pvt. Ltd.             FB -TL                ICRA A       1010    Reaffirmed
outlook revised to Stable from Positive
Shah Coal Pvt Ltd                       CC                    ICRA BB+     30      Reaffirmed
                                                              (Stable)
Shah Coal Pvt Ltd                       Unallocated           ICRA         370     Reaffirmed
                                                              BB+(Stable)
                                                              /ICRA A4+
Shreya Broadcasting Pvt Ltd             LT - Fund Based/ CC   ICRA B+      50
                                                              (Stable)
Downgraded from ICRA BB+ (Stable) and Moved to ‘Issuer Not Cooperating’ category
Shreya Broadcasting Pvt Ltd             LT - Fund Based TL    ICRA B+      35.5
                                                              (Stable)
Downgraded from ICRA BB+ (Stable) and Moved to ‘Issuer Not Cooperating’ category
Shreya Broadcasting Pvt Ltd             LT / ST – Unallocated ICRA         54
                                                              B+(Stable)/
                                                              ICRA A4
downgraded from ICRA BB+ (Stable)/ ICRA A4+ and Moved to ‘Issuer Not Cooperating’ category
Shyam Ferro Alloys Ltd                  FB Fac                ICRA         1500    Withdrawn
                                                              BBB+(Stable)
Issuer Not Cooperating
Sonata Finance Pvt Ltd-Vivriti          PTC Series A1         ICRA A-(SO)  0       withdrawn
Casemiro 005 2018
Sonata Finance Pvt Ltd-Vivriti          PTC Series A2         ICRA A-(SO)  0       withdrawn
Casemiro 005 2018
Sre Venkatachalapathy Textiles          LT – CC               ICRA         40
                                                              B+(Stable)
Rating moved to ‘Issuer Not Cooperating’ category
Sre Venkatachalapathy Textiles          LT – TL               ICRA         4.2
                                                              B+(Stable)
Rating moved to ‘Issuer Not Cooperating’ category
Sre Venkatachalapathy Textiles          LT – Unallocated      ICRA         50.8
                                                              B+(Stable)
Rating moved to ‘Issuer Not Cooperating’ category
Srilanand Mansions Pvt Ltd              LT FB - TL            -            0       -
Srilanand Mansions Pvt Ltd              LT Non-FB Fac         ICRA BBB-    76      Reaffirmed
                                                              (Stable)
Strides Pharma Science Ltd              TL                    -            -
Strides Pharma Science Ltd              LT FB Fac             ICRA A+      8500    -
                                                              (stable)
Reaffirmed and removed from watch with developing implications
Sundaram Alloys Ltd                     FB Fac                ICRA BBB(    300     Withdrawn
                                                              Stable)
Issuer Not Cooperating
Surbhi Industries Ltd                   FB TL                 ICRA BB      80.9    Withdrawn
                                                              (Stable)
Surbhi Industries Ltd                   FB CC                 ICRA BB      45      Withdrawn
                                                              (Stable)
Surbhi Industries Ltd                   Unallocated limits    ICRA         109.1   Withdrawn
                                                              BB(Stable)
                                                              /ICRA A4
Surbhi Textile Mills Pvt Ltd            FB TL                 ICRA BB      244.3   Withdrawn
                                                              (Stable)
Surbhi Textile Mills Pvt Ltd            FB CC                 ICRA BB      80      Withdrawn
                                                              (Stable)
Surbhi Textile Mills Pvt Ltd            Unallocated limits    ICRA BB      230.7   Withdrawn
                                                              (Stable)
                                                              /ICRA A4+
Techno Electric & Engineering           FB Fac                ICRA AA      1980    Reaffirmed
Co. Ltd                                                       (Stable)
Techno Electric & Engineering           Non-FB Fac            ICRA AA      4240    Reaffirmed
Co. Ltd                                                       (Stable)
Techno Electric & Engineering           FB Fac                ICRA AA      **      Reaffirmed
Co. Ltd                                                       (Stable)
**sublimit of Rs. 334 crore long term non- fund based and Rs. 230 crore short term non-fund
based facilities
Techno Electric & Engineering           Non-FB Fac            ICRA         ^^      Reaffirmed
Co. Ltd                                                       AA/Stable
^^sublimit of Rs. 160 crore long term fund-based and Rs. 90 crore short term non-fund based
facilities
The Shipping Corporation Of             Issuer Rating         ICRA         --      Reaffirmed
India Ltd                                                     AA-(Stable)
Varun Enterprises                       Fund Based facility   ICRA BB-     155     Reaffirmed
                                        (CC/BD)               (Stable)
Vijaya Raja Rajeswari                   LT – Unallocated      ICRA B+      100
Constructions Pvt Ltd
Continues to remain under the ‘Issuer Not Cooperating’ category
Vivriti Capital Pvt Ltd                 Credit Enhanced Loan  Provisional  50      confirmed as
                                        (MBCEL) programme     ICRA A-(CE)          final
Vivriti Capital Pvt Ltd                 Credit Enhanced Loan  Provisional  150     confirmed as
                                        (MBCEL) programme     ICRA A-(CE)          final
Vivriti Capital Pvt Ltd                 Credit Enhanced Loan  Provisional  100     confirmed as
                                        (MBCEL) programme     ICRA A-(CE)          final
Vivriti Capital Pvt Ltd                 Credit Enhanced Loan  Provisional  100     confirmed as
                                        (MBCEL) programme     ICRA A-(CE)          final
Windlas Biotech Pvt Ltd                 LT: TL                ICRA A       128.3   Reaffirmed
                                                              (Stable)
Windlas Biotech Pvt Ltd                 LT: FBL               ICRA A       673     Reaffirmed
                                                              (Stable)
Windlas Biotech Pvt Ltd                 Long/ ST: Unallocated ICRA A       16.7    Reaffirmed
                                                              (Stable)/
                                                              ICRA A1
Windlas Biotech Pvt Ltd                 Long/ ST: Fund Based  ICRA A       -       Reaffirmed
                                                              (Stable)/
                                                              ICRA A1
Windlas Biotech Pvt Ltd                 Long/ ST:             ICRA A       -       Reaffirmed
                                        Interchangeable       (Stable)/
                                                              ICRA A1
Yamuna Power & Infrastucture            FBL                   ICRA BB+     320
Ltd                                                           (Negative)
Reason for delay in carrying out periodic review: - Review process is underway
Yamuna Power & Infrastucture            TL                    ICRA BB+     0.3
Ltd                                                           (Negative)
Reason for delay in carrying out periodic review: - Review process is underway
A One Ispat Pvt Ltd                     LT - TL               ICRA BBB-    173.8   Upgraded
                                                                                   from ICRA BB+
(Outlook revised to Stable from positive)
A One Ispat Pvt Ltd                     LT - Working Capital  ICRA BBB-    140     Upgraded
                                        Fac                                        from ICRA BB+
(Outlook revised to Stable from positive)
A One Ispat Pvt Ltd                     LT – Unallocated      ICRA BBB-    106.2   Upgraded
                                                                                   from ICRA BB+
Bestech Hospitalities Pvt Ltd           Fund Based – TL       ICRA BBB+    1752.8  Reaffirmed
                                                              (stable)
Stci Finance Ltd                        NCDs programme        ICRA AA-     10000   -
                                                              (stable)
(Reason for delay in carrying out periodic review: - Review process is underway)
Stci Finance Ltd                        LT Bk lines programme ICRA AA-     2000    -
                                                              (stable)
(Reason for delay in carrying out periodic review: - 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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