December 4, 2018 / 11:45 AM / 6 months ago

RPT-ICRA ratings for Indian debt instruments-Dec 4

 (Repeating to add more ratings)
   Dec 4 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of December 3, 2018.


COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Amazoone Ceramic Ltd.                   ST Non-fundBased      ICRA A3      55      Reaffirmed
                                        Limits
Bharatiya Reserve Bank Note             Non-fund Based -      ICRA A1+     3700    Reaffirmed
Mudran Pvt Ltd                          Working Capital Fac
Express Publications (Madurai)          ST - Non-fund Fac     ICRA A4+     350     Reaffirmed
Ltd
IIFL Facilities Services Ltd            CP programme          ICRA A1+     7000    Reaffirmed
IIFL Home Finance Ltd                   CP programme          ICRA A1+     50000   Reaffirmed
India Infoline Finance Ltd              CP Programme          ICRA A1+     80000   Reaffirmed
JM Financial Capital Ltd                CP Programme (IPO     ICRA A1+     -       Withdrawn
                                        Financing)
JM Financial Capital Ltd                CP Programme          ICRA A1+     10000   outstanding
National Cooperative                    CP                    ICRA A1+     0       Withdrawn
Development Corporation
Nissan Renault Financial                CP                    ICRA A1+     3000    outstanding
Services India Pvt Ltd
Reliance Industries Ltd                 CP                    ICRA A1+     100000  outstanding
Sagar Grandhi Exports Pvt Ltd           ST FB Fac             ICRA A2+     640     Reaffirmed
Sagar Grandhi Exports Pvt Ltd           ST non-FB Fac         ICRA A2+     30      Reaffirmed
Shapoorji Pallonji                      CP                    ICRA A1&     500     Reaffirmed
Infrastructure Capital Company
Pvt Ltd
&laced under rating watch with developing implications
V-Mart Retail Ltd                       Non-FBL               ICRA A1+     150     Reaffirmed


LONG TERM RATINGS:
-------------------
Acme Chem Ltd                           LT -FB Working CapitalICRA A       200     outstanding
Acme Chem Ltd                           LT /ST-Fund Based/Non ICRA A       200     Assigned
                                        Fund Based Working    /ICRA A1
                                        Capital
AG Granites Pvt Ltd                     No Default Statement’ ICRA BBB-    -
                                        (“NDS”)               / ICRA A3
Removed from (Issuer Not cooperating) category
Amazoone Ceramic Ltd.                   LT FB TL              ICRA BBB-    38      Reaffirmed
Amazoone Ceramic Ltd.                   LT FB CC              ICRA BBB-    105     Reaffirmed
Amman Granites                          No Default Statement’ ICRA BB+ /   -
                                        (“NDS”)               ICRA A4+
Removed from (Issuer Not cooperating) category
Aveena Milk Products                    LT Fund Based         ICRA B+      50
(Issuer Not cooperating)
Aveena Milk Products                    LT Unallocated        ICRA B+      50
(Issuer Not cooperating)
AYE Finance (P) Ltd.                    NCD Programme         ICRA BBB     3738    outstanding
AYE Finance (P) Ltd.                    Fund Based - TL       ICRA BBB     556     outstanding
AYE Finance (P) Ltd.                    NCD Programme         Provisional  200     Assigned
                                                              ICRA A-(SO)
Bharatiya Reserve Bank Note             Non-fund Based - LT   -            -
Mudran Pvt Ltd
Bharatiya Reserve Bank Note             FB - Working Capital  ICRA AAA     2300    Reaffirmed
Mudran Pvt Ltd                          Fac
Express Publications (Madurai)          LT - Proposed Fac     -            -       -
Ltd
Express Publications (Madurai)          FB - TL               ICRA BB+     766.4   Reaffirmed
Ltd
Express Publications (Madurai)          LT - FB Fac           ICRA BB+     350     Reaffirmed
Ltd
GV Road Projects Pvt Ltd                LT: Proposed BG       -            -       -
GV Road Projects Pvt Ltd                LT: TL Fac            ICRA BBB+    2770    Provisional
                                                                                   rating
                                                                                   finalized
GV Road Projects Pvt Ltd                LT: Unallocated Fac   ICRA BBB+    1500    Provisional
                                                                                   rating
                                                                                   finalized
IIFL Facilities Services Ltd            Unsecured debt        ICRA AA      500     Reaffirmed
                                        programme
IIFL Facilities Services Ltd            LT debt programme     ICRA AA      7000    Reaffirmed
IIFL Home Finance Ltd                   NCD programme         ICRA AA      40000   Reaffirmed
IIFL Home Finance Ltd                   Sub. Debt Programme   ICRA AA      6000    Reaffirmed
IIFL Home Finance Ltd                   LT Fund Based Bk      ICRA AA      50000   Reaffirmed
                                        Lines programme
IIFL Home Finance Ltd                   LT principal          PP-MLD       2000    Reaffirmed
                                        protected market      ICRA AA
                                        linked debenture programme
India Infoline Finance Ltd              NCD Programme         ICRA AA      50000   Reaffirmed
India Infoline Finance Ltd              Subordinated Debt     ICRA AA      10000   Reaffirmed
                                        Programme
India Infoline Finance Ltd              LT Bk Lines           ICRA AA      57750   Reaffirmed
India Infoline Finance Ltd              LT Debt Programme     ICRA AA      25100   Reaffirmed
India Infoline Finance Ltd              Secured NCD Programme ICRA AA      20000   Reaffirmed
India Infoline Finance Ltd              Unsecured NCD         ICRA AA      5000    Reaffirmed
                                        Programme
India Infoline Finance Ltd              LT Principal          PP-MLD ICRA  5000    Reaffirmed
                                        Protected Equity      AA
                                        Linked Debenture Programme
India Infoline Finance Ltd              LT Principal          PP-MLD ICRA  -       Reaffirmed
                                        Protected Market      AA
                                        Linked Debenture Programme
India Infoline Finance Ltd              LT Principal          PP-MLD ICRA  -       Reaffirmed
                                        Protected Market      AA
                                        Linked Debenture Programme
JM Financial Capital Ltd                NCD Programme         ICRA AA      2000    outstanding
JM Financial Capital Ltd                LT Equity Linked      PP-MLD       2000    outstanding
                                        Debentures (Principal ICRA AA
                                        Protected)
Kailash Motors                          Fund Based - Working  ICRA B       240     Reaffirmed
                                        Capital Fac
Kailash Motors                          Fund Based - Working  ICRA B       138.5   Reaffirmed
                                        Capital Fac
Kailash Motors                          Fund Based - TL       ICRA B       10.4    Reaffirmed
Kailash Motors                          Unallocated           ICRA B       61.1    Reaffirmed
Leisure Wear Exports Ltd.               CC                    ICRA D       60
(Issuer Not cooperating)
Lendingkart Finance Ltd                 NCD programme         ICRA BBB+    4050    Upgraded
                                                                                   from ICRA
                                                                                   BBB-
Lendingkart Finance Ltd                 Bk lines              ICRA         3000    Upgraded
                                                              BBB+/ICRA A2         from ICRA
                                                                                   BBB/ ICRA A3
National Cooperative                    NCD Programme         ICRA AA      3000    outstanding
Development Corporation
Nissan Renault Financial                NCD Programme         ICRA AAA     2000    outstanding
Services India Pvt Ltd
Reliance Industries Ltd                 NCD Programme         ICRA AAA     20000   Assigned
Reliance Industries Ltd                 NCD Programme         ICRA AAA     300000  outstanding
Sagar Grandhi Exports Pvt Ltd           TL Fac                ICRA A-      138.7   Reaffirmed
Sagar Grandhi Exports Pvt Ltd           LT FB Fac             ICRA A-      448     Reaffirmed
Sagar Grandhi Exports Pvt Ltd           LT non-FB Fac         ICRA A-      50      Reaffirmed
Sagar Grandhi Exports Pvt Ltd           LT/ST: Unallocated    ICRA A- /    37      Reaffirmed
                                                              ICRA A2+
S V Creditline Ltd                      NCD programme         ICRA BBB-    200     Assigned
S V Creditline Ltd                      NCD programme         ICRA BBB-    970     outstanding
S V Creditline Ltd                      Bk lines              ICRA BBB-    700     outstanding
S V Creditline Ltd                      Subordinated debt     ICRA BBB-    100     outstanding
                                        programme
Samunnati Financial                     NCDs                  ICRA BBB-    400     Assigned
Intermediation Services Pvt Ltd
Samunnati Financial                     NCDs                  ICRA BBB-    444     outstanding
Intermediation Services Pvt Ltd
Samunnati Financial                     Market Linked         PP-MLD ICRA  120     outstanding
Intermediation Services Pvt Ltd         Debentures K          BBB-
Saraswatipur Tea & Industries           FB -TL                ICRA B       7.9     Withdrawn
Ltd
(Issuer Not cooperating)
Saraswatipur Tea & Industries           FB -CC facility       ICRA B       95.5    Withdrawn
Ltd
(Issuer Not cooperating)
Saraswatipur Tea & Industries           Unallocated Limits    ICRA B       0.6     Withdrawn
Ltd
(Issuer Not cooperating)
Shapoorji Pallonji                      NCD                   ICRA A       0       Withdrawn
Infrastructure Capital Company
Pvt Ltd
Shapoorji Pallonji                      Fund based-TL         ICRA A&      10500   Reaffirmed
Infrastructure Capital Company
Pvt Ltd
&placed under rating watch with developing implications
Shapoorji Pallonji                      FBL (sub-limit of     ICRA         -       Reaffirmed
Infrastructure Capital Company          non-FBL)              A&/ICRA A1&
Pvt Ltd
&placed under rating watch with developing implications
Shapoorji Pallonji                      Non-FBL               ICRA         21250   Reaffirmed
Infrastructure Capital Company                                A&/ICRA A1&
Pvt Ltd
&placed under rating watch with developing implications
Shapoorji Pallonji                      Non-FBL               ICRA AA(SO)& 4620    Downgraded
Infrastructure Capital Company                                                     from ICRA
Pvt Ltd                                                                            AA+(SO)
&placed under rating watch with developing implications
Shapoorji Pallonji                      Non-FBL               ICRA         5000    Downgraded
Infrastructure Capital Company                                AA-(SO)&             from ICRA
Pvt Ltd                                                                            AA(SO)
&placed under rating watch with developing implications
Tenshi Life Sciences Pvt Ltd            Issuer Rating         ICRA BBB     -       outstanding
Tenshi Life Sciences Pvt Ltd            Fund based (LT/ ST)   ICRA BBB /   12.5    Assigned
                                                              ICRA A3+
Thoothukudi City Municipal              Issuer rating         ICRA BBB-    -       Withdrawn
Corporation
(Issuer Not cooperating)
V-Mart Retail Ltd                       CC                    ICRA AA-     1100    Reaffirmed
Yuvika Silk Mills Pvt. Ltd              Fund based- CC        ICRA B+      52.5    Withdrawn
Yuvika Silk Mills Pvt. Ltd              Fund based- TL        ICRA B+      6.8     Withdrawn
--------------------------------------------------------------------------------------------
$: 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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