February 3, 2020 / 11:08 AM / 25 days ago

RPT-ICRA ratings for Indian debt instruments-Feb 3

 (Repeating to add additional ratings as of January 31, 2020)
    Feb 3 - Below are the ratings awarded by Investment Information Credit Rating Agency Ltd.
(ICRA) for local debt instruments as of January 31, 2020.


COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Akhandalamani Electricals &             Non-Fund based – LOC  ICRA A4      20      Downgraded
Construction                                                                       from ICRA A4+
(Rating continues to remain under the Issuer Not Cooperating category)
Aruppukottai Shri Ramalinga             ST- NFBL              ICRA A4      10.9    -
Spinners Pvt Ltd
(Rating continues to remain under the Issuer Not Cooperating category)
Aruppukottai Shri Ramalinga             ST- Fund              ICRA A4      150     -
Spinners Pvt Ltd
(Rating continues to remain under the Issuer Not Cooperating category)
Asset Reconstruction Company            CP programme          ICRA A1+     2000    Reaffirmed
(I) Ltd
Balaji Overseas                         ST: Fund Based-       ICRA A4      240     -
                                        Packing Credit
(Continues to remain under the Issuer Not Cooperating category)
Balaji Overseas                         ST: NonFund Based- BG ICRA A4      1.2     -
(Continues to remain under the Issuer Not Cooperating category)
Bmw India Financial Services            CP                    ICRA A1+     15000   Reaffirmed
Pvt Ltd
Brindavan Beverages Pvt Ltd             Non-fund Based-Capex  ICRA A2+     -       Reaffirmed
                                        LC*
*Sublimit under term loans
Brindavan Beverages Pvt Ltd             Non-fund Based-BG     ICRA A2+     5       Reaffirmed
Classic Industries And Exports          ST: Non-FBL           ICRA A2+     100     Reaffirmed
Ltd (Erstwhile Classic Auto Tubes Ltd
Corporation Bank                        Certificates of       ICRA A1+     300000  Reaffirmed
                                        Deposit
Crystal Sea Foods Pvt Ltd               Fund based- Export    ICRA D       250     Revised from
                                        Packaging Credit                           ICRA A4
(Removed from Issuer Not Cooperating category)
Dada Ganpati Guar Products              ST – Non Fund Based   ICRA A4      10      -
Pvt. Ltd
(Rating continues to remain under the Issuer Not Cooperating category)
Deekay Trexim India Pvt Ltd             Non-FB limits         ICRA A4      8.6     -
(Rating continues to remain under the Issuer Not Cooperating category)
Diamond Sea Food Exports                ST: FBL               ICRA A4+     180     Reaffirmed
Divine Solutions Pvt Ltd                STNonFB limits        ICRA A4      140     -
(Rating continues to remain under the Issuer Not Cooperating category)
Edhayam Frozen Foods Pvt Ltd            ST: FBL               ICRA A4+     504     Reaffirmed
Euro Forge Pvt Ltd                      ST-Non Fund Based     ICRA A4      30      -
(Rating downgraded from ICRAA4+ and continues to remain under the Issuer Not Cooperating
category)
Everlast Roofing                        ST - Non-Fund Based   ICRA A4      40      -
(Rating moved to Issuer Not Cooperating category)
Gouttephone Technology Pvt Ltd          ST Loan               ICRA D       -       -
(Reason for delay in carrying out periodic review: - Issuer delayed in giving information)
Hira Power & Steels Ltd                 Non-FB – LOC          ICRA A4      1125    -
(Reason for delay in carrying out periodic review: - Review process is underway)
Hira Power & Steels Ltd                 Non-FB – Forward      ICRA A4      60      -
                                        Contract
(Reason for delay in carrying out periodic review: - Review process is underway)
Hsbc Asset Management (India)           HSBC Ultra Short      ICRA A1+mfs  -       Assigned
Pvt Ltd                                 Duration Fund
Hsbc Asset Management (India)           HSBC Overnight Fund   ICRA A1+mfs  -       Outstanding
Pvt Ltd
Hsbc Asset Management (India)           HSBC Cash Fund        ICRA A1+mfs  -       Outstanding
Pvt Ltd
Idfc Ltd                                CP Programme          ICRA A1+     5000    Withdrawn
India Motor Parts And                   ST non-fund based     ICRA A1+     -       Reaffirmed
Accessories Ltd                         (sub limit)
Indostar Capital Finance Ltd            CP                    ICRA A1+     12500
(Reason for delay in carrying out periodic review: - Review process is underway)
Indostar Home Finance Pvt Ltd           CP                    ICRA A1+     2000    -
(Reason for delay in carrying out periodic review: - Review process is underway)
Kadalkanny Frozen Foods                 ST: FBL               ICRA A4+     390     Reaffirmed
Kalsi Brothers                          ST: NonFund Based- Bk ICRA A4      80      -
                                        Guaran
(Continues to remain under the Issuer Not Cooperating category)
Kalyan Silks Trichur Pvt Ltd            Fund Based –ST        ICRA A2      -       Reaffirmed
                                        Interchangeable limits
Kodandaram Roller Flour Mills           ST - Non Fund Based   ICRA A4+     50      Withdrawn
Pvt. Ltd
Lampex Electronics Ltd                  ST – NonFBL           ICRA A3      100     -
(Reason for delay in carrying out periodic review: - Issuer delayed in giving information)
Lycon Microns Llp                       Non-FB – BG           ICRA A4      7.5     -
(Rating moved to under Issuer Not Cooperating Category)
Mahan Plastics Pvt Ltd                  ST: Non-Fund Based    ICRA A4      50      Downgraded
                                                                                   from ICRA A4+
(Continues to remain under the Issuer Not Cooperating category)
Manba Finance Ltd - Northern            PTC Series A2         ICRA A1+     -       Upgraded
Arc 2019 C                                                    (SO)                 from ICRA
                                                                                   BBB+(SO)
Motherson Sumi Systems Ltd              CP/STD programme      ICRA A1+     1500    Reaffirmed
Msl Driveline Systems Ltd               ST, Non-fund Based Bk ICRA A1+     50      Reaffirmed
                                        Fac
Neelay Metal Industries                 ST - Non-Fund Based   ICRA A4      10      -
(Rating continues to remain under the Issuer Not Cooperating category)
Nilons Enterprises Pvt Ltd              ST, Non-Fund Based    ICRA A3      3       Reaffirmed
Pan Healthcare Pvt. Ltd                 Non-FB BG/LC          ICRA A4      30      -
(Rating moved to Issuer Not Cooperating category)
Pan Healthcare Pvt. Ltd                 Non-FB LC             ICRA A4      -       -
(Rating moved to Issuer Not Cooperating category)
Pan Healthcare Pvt. Ltd                 Non-FB Forward        ICRA A4      -       -
                                        Contract Limit
Parisons Agrotech Pvt Ltd               Non-fund Based        ICRA A4+     180     Reaffirmed
Parisons Foods Pvt Ltd                  Non-fund Based        ICRA A4+     350     Reaffirmed
Parisons Infrastructure Pvt Ltd         ST – Non Fund Bas     ICRA A4      150     -
(Rating downgraded from ICRAA4+; Moved to Issuer Not Cooperating category)
Parisons Roller Flour Mills             Non-fund Based        ICRA A4+     140     Reaffirmed
Pvt Ltd
Planet Automotive Pvt. Ltd              Fund based – Drop     ICRA A4      10      -
                                        Line Overdraft
                                        Facility
(Rating continues to remain under the Issuer Not Cooperating category)
Pragya Securities Pvt Ltd               ST Non-fund Based Bk  ICRA A3      150     Reaffirmed
                                        Fac
Pragya Securities Pvt Ltd               ST FB Bk Fac          ICRA A3      30      Reaffirmed
Ram Kripal Singh Construction           ST Non-fund Based (LC)ICRA A2+     600#    Reaffirmed
Pvt. Ltd
#100% interchangeable with non-fund based bank guarantee li
Ramgad Minerals And Mining Ltd          Non-fund Based        ICRA A2      1015    Reaffirmed
S. K. Exports (Lower Parel)             Non-fund based – BG   ICRA A4      -       -
(Rating continues to remain under the Issuer Not Cooperating category)
Saija Finance Pvt Ltd                   Social Performance    SP2+         -       Reaffirmed
                                        Assessment
Sanchit Polymers                        ST: Non-Fund Based    ICRA A4      55      Downgraded
                                                                                   from ICRA A4+
(Continues to remain under the Issuer Not Cooperating category)
Sanchit Polymers                        ST: Unallocated       ICRA A4      4.5     Downgraded
                                                                                   from ICRA A4+
(Continues to remain under the Issuer Not Cooperating category)
Santhoshimathaa Edible Oil              ST- Non Fund Based    ICRA A4      410     Downgraded
Refinery Pvt Ltd                                                                   from ICRA A4+
(Rating continues to remain under the Issuer Not Cooperating category)
Seagull Associates                      Fund based-ST         ICRA A4      160     Reaffirmed
Seeds & Grains India Pvt Ltd            Fund based/ Packing   ICRA A4      440     -
                                        Credit
(Reason for delay in carrying out periodic review: - Issuer delayed in giving information)
Seeds & Grains India Pvt Ltd            Non-fund Based/ BG    ICRA A4      50      -
(Reason for delay in carrying out periodic review: - Issuer delayed in giving information)
Sgs Tekniks Manufacturing Pvt           Fund based/CC         ICRA A1      318     Upgraded
Ltd                                                                                from ICRA A2+
Silica Infotech Pvt Ltd                 ST - Fund Based       ICRA A4      7.5     -
(Continues to remain under the Issuer Not Cooperating category)
Silica Infotech Pvt Ltd                 ST - Unallocated      ICRA A4      5       -
(Continues to remain under the Issuer Not Cooperating category)
Silica Infotech Pvt Ltd                 ST - Non Fund Based   ICRA A4      100     -
(Continues to remain under the Issuer Not Cooperating category)
Sun Metallics & Alloys Pvt Ltd          Non-fund based - LOC  ICRA A4      95      Downgraded
                                                                                   from ICRA A4+
(Rating continues to remain under the Issuer Not Cooperating category)
Sun Metallics & Alloys Pvt Ltd          Non-fund based - BG   ICRA A4      20      Downgraded
                                                                                   from ICRA A4+
(Rating continues to remain under the Issuer Not Cooperating category)
Super Screws Pvt Ltd                    Fund Based - Stand by ICRA A3+     25      Reaffirmed
                                        line of credit – ST
Super Screws Pvt Ltd                    Non-fund Based – LOC  ICRA A3+     115     Reaffirmed
                                        - ST
Taneja Vidyut Control Pvt Ltd           ST: NonFund Based     ICRA A4      35      -
(Continues to remain under the Issuer Not Cooperating category)
Tarini Motors Pvt Ltd                   Non-fund Based- BG    ICRA A4      5.5     Withdrawn
Tata Capital Financial                  CP                    ICRA A1+     150000  Outstanding
Services Ltd
Theva & Co.                             ST: FB limits         ICRA A4+     600     Reaffirmed
United Spirits Ltd                      CP                    ICRA A1+     15000   Reaffirmed
Updater Services Pvt Ltd                Non-fund              ICRA A1+     340     Reaffirmed
                                        Based-Working Capital
                                        Fac
Vin Mart (H.K.) Ltd                     Bk loans              ICRA A4+     182.5   -
(Reason for delay in carrying out periodic review: Issuer not cooperating)
Zetek Castings Pvt Ltd                  ST – Non fund based   ICRA A4      15      -
(Rating downgraded from ICRAA4+ and continues to remain in the Issuer Not Cooperating category)
Shree Sangameswara Electricals          ST - Non-fund based   ICRA D       70      Revised from
                                                                                   ICRA A4
Pacific Garments Pvt. Ltd               ST Non FB             ICRA D       37.5    -
(Rating continues to remain under the Issuer Not Cooperating category)



MEDIUM TERM RATINGS:
-------------------
Dcb Bank Ltd                            ST Fixed Deposit      ICRA A1+     -       Reaffirmed
                                        Programme



LONG TERM RATINGS:
-------------------
Akhandalamani Electricals &             Fund based – CC       ICRA         130     Downgraded
Construction                                                  B+(Stable)           from ICRA BB
                                                                                   (Stable)
(Rating continues to remain under the Issuer Not Cooperating category)
Akhandalamani Electricals &             Non-Fund based – BG   ICRA         160     Downgraded
Construction                                                  B+(Stable)           from ICRA BB
                                                                                   (Stable)
(Rating continues to remain under the Issuer Not Cooperating category)
Anamudi Real Estates Llp                Fund Based – TL       ICRA A+      2750    Reaffirmed
                                                              (Stable)
Aruppukottai Shri Ramalinga             LT- Fund Based Lim    ICRA B       230     -
Spinners Pvt Ltd                                              (Stable)
(Rating continues to remain under the Issuer Not Cooperating category)
Aruppukottai Shri Ramalinga             LT- TL                ICRA B       30.2    -
Spinners Pvt Ltd                                              (Stable)
(Rating continues to remain under the Issuer Not Cooperating category)
Aruppukottai Shri Ramalinga             LT- Loans             ICRA B       27      -
Spinners Pvt Ltd                        (Unallocated)         (Stable)
(Rating continues to remain under the Issuer Not Cooperating category)
Ashoka Khairatunda Barwa Adda           Fund based – TL       ICRA         2700    Reaffirmed
Road Ltd                                                      A-(Stable)
Asian Fab Tec Ltd                       FB - Working Capital  ICRA BBB     950     Reaffirmed
                                        Fac
Asian Fab Tec Ltd                       LT/ST Non-fund        ICRA BBB /   2750    Reaffirmed
                                        Based-Working Capital A3+
                                        Fac
Avon Rims Pvt Ltd                       Fund Based- CC        ICRA BB+     65      Reaffirmed
                                                              (Stable)
B.R. Guar Gum Pvt Ltd                   Fund based – CC       ICRA B+      65      -
                                                              (Stable)
(Rating continues to remain under the Issuer Not Cooperating category)
B.R. Guar Gum Pvt Ltd                   LT/ST Unallocated     ICRA B+      10      -
                                        limits                (Stable) /
                                                              A4
(Rating continues to remain under the Issuer Not Cooperating category)
Balaji Overseas                         LT: Fund Based CC     ICRA B       58.5    -
                                                              (Stable)
(Continues to remain under the Issuer Not Cooperating category)
Balaji Overseas                         LT: Unallocated       ICRA B       0.3     -
                                                              (Stable)
(Continues to remain under the Issuer Not Cooperating category)
Brindavan Beverages Pvt Ltd             FB-Working Capital FacICRA         800     Reaffirmed
                                                              A-(Stable)
Brindavan Beverages Pvt Ltd             FB-Proposed Fac       ICRA         495     Reaffirmed
                                                              A-(Stable)
Brindavan Beverages Pvt Ltd             FB-Buyers Credit*    ICRA         -       Reaffirmed
                                                              A-(Stable)
                                                              / A2+
*Sublimit under term loans
Brindavan Beverages Pvt Ltd             FB/Non-Fund Based –   ICRA         250     Reaffirmed
                                        Buyers Credit/Capex  A-(Stable)
                                        LC                    / A2+
Canara Bank                             Additional Tier-I     ICRA AA-     15000   -
                                        Bonds Programme –     (hyb)&
                                        Basel III
& Rating Watch with Developing Implication
Canara Bank                             Tier-II Bonds         ICRA AA-     79000   -
                                        Programme – Basel III (hyb)&
& Rating Watch with Developing Implication
Candor Kolkata One Hi-Tech              NCDs                  ICRA A-      21000   Reaffirmed
Structures Pvt Ltd                                            (Stable)
Chennai Auto Agency Pvt Ltd             Fund Based – Working  ICRA BBB     200     Reaffirmed
                                        Capital Fac
Chokshi Texlen Pvt Ltd                  Fund based TL         ICRA B+      11.7    Withdrawn
                                                              (Stable)
Chokshi Texlen Pvt Ltd                  Fund based CC         ICRA B+      70      Withdrawn
                                                              (Stable)
Chordia Food Products Ltd               LT, FB – Working      ICRA         145     Reaffirmed
                                        Capital Fac           BB(Stable)
Classic Industries And Exports          LT: TL                ICRA A-      100     Reaffirmed
Ltd (Erstwhile Classic Auto                                   (Stable)
Tubes Ltd
Clix Capital Services Pvt Ltd           PTC Series A1         Provisional  498.5   Assigned
- Northern Arc 2020 Sbl Duflo                                 ICRA AA-(SO)
Coastal Consolidated                    Fund Based/ CC        ICRA         170     -
Structures Pvt. Ltd                                           B(Stable)
(Rating moved to Issuer Not Cooperating category)
Coastal Consolidated                    LT / ST - Non Fund    ICRA         200     -
Structures Pvt. Ltd                     Based                 B(Stable) /
                                                              A4
(Rating moved to Issuer Not Cooperating category)
Crystal Sea Foods Pvt Ltd               Fund based- TL        ICRA D       80.7    Revised from
                                                                                   ICRA C
(Removed from Issuer Not Cooperating category)
Crystal Sea Foods Pvt Ltd               LT/STUnallocated      ICRA D / D   45.8    Revised from
                                                                                   ICRA C / A4
(Removed from Issuer Not Cooperating category)
Dada Ganpati Guar Products              LT – Fund basedCC     ICRA B+      160     Downgraded
Pvt. Ltd                                                      (Stable)             from ICRA
                                                                                   BB- (Stable)
(Rating continues to remain under the Issuer Not Cooperating category)
Dada Ganpati Guar Products              LT - Fund basedTL     ICRA B+      30      Downgraded
Pvt. Ltd                                                      (Stable)             from ICRA
                                                                                   BB- (Stable)
(Rating continues to remain under the Issuer Not Cooperating category)
Dcb Bank Ltd                            Basel III Compliant   ICRA         5500    Reaffirmed
                                        Tier II Bonds         A+(hyb)
                                        Programme             (Stable)
Deekay Trexim India Pvt Ltd             FB/CC                 ICRA B+      95      Downgraded
                                                              (Stable)             from ICRA
                                                                                   BB- (Stable)
(Rating continues to remain under the Issuer Not Cooperating category)
Dhareshwar Cotton Pvt Ltd               FB Limits             ICRA B       70.2    -
                                                              (Stable)
(Rating continues to remain under the Issuer Not Cooperating category)
Dhareshwar Cotton Pvt Ltd               LT Unallocated Limits ICRA B       18.8    -
                                                              (Stable)
(Rating continues to remain under the Issuer Not Cooperating category)
Diamond Sea Food Exports                LT: Interchangeable   ICRA         -       Reaffirmed
                                                              BB(Stable)
Diamond Sea Food Exports                LT/ ST Unallocated    ICRA         20      Reaffirmed
                                                              BB(Stable)
                                                              / A4+
Divine Solutions Pvt Ltd                LT- FBL               ICRA B       60      -
                                                              (Stable)
(Rating continues to remain under the Issuer Not Cooperating category)
Divyasree Nsl Infrastructure            LT-TL                 ICRA A-      22480   -
Pvt Ltd
(Reason for delay in carrying out periodic review: - Review process is underway)
Ds Spiceco Pvt. Ltd                     LT FB CC              ICRA A+(CE)  1000    Reaffirmed
                                                              (Stable)
Dynamic Transmission Ltd                LT- Fundbased limits  ICRA B+      60.9    Downgraded
                                                              (Stable)             from ICRA
                                                                                   BB+ (Stable)
(Continues to remain under the Issuer Not Cooperating category)
Dynamic Transmission Ltd                Unallocated Limits    ICRA B+      19.1    Downgraded
                                                              (Stable)             from ICRA
                                                                                   BB+ (Stable)
(Continues to remain under the Issuer Not Cooperating category)
Earthcon Developers Pvt. Ltd            Fund based-TL         ICRA D       120     -
(Rating continues to remain under the Issuer Not Cooperating category)
Economic And Entrepreneurship           FB – TL               ICRA BBB+    140     Reaffirmed
Development Foundation                                        (Stable)
Economic And Entrepreneurship           Unallocated Limits    ICRA BBB+    100     Reaffirmed
Development Foundation                                        (Stable)
Edhayam Frozen Foods Pvt Ltd            LT: Interchangeable   ICRA BB      -       Reaffirmed
                                                              (stable)
Edhayam Frozen Foods Pvt Ltd            LT/ ST Unallocated    ICRA BB      1       Reaffirmed
                                                              (stable) /
                                                              A4+
Embassy Property Developments           NCD –II               ICRA BBB-    219.4   -
Pvt Ltd                                                       (Stable)
(Reason for delay in carrying out periodic review: - Review process is underway)
Embassy Property Developments           TL                    ICRA         10000   -
Pvt Ltd                                                       BBB-(CE)
                                                              (Stable
(Reason for delay in carrying out periodic review: - Review process is underway)
Embassy Property Developments           Non-fund based (sub   ICRA         -       -
Pvt Ltd                                 limit of TL)          BBB-(CE)
                                                              (Stable
(Reason for delay in carrying out periodic review: - Review process is underway)
Embassy Property Developments           NCD – I               ICRA         2036    -
Pvt Ltd                                                       BBB-(CE)
                                                              (Stable)
(Reason for delay in carrying out periodic review: - Review process is underway)
Enviro Solaire Pvt Ltd                  LT - TL               ICRA A &     3960    -
&: ratings watch with developing implications
Enviro Solaire Pvt Ltd                  LT - TL               ICRA A       3690    -
                                                              (Stable)
(Reason for delay in carrying out periodic review: - Review process is underway)
Ess Kay Fincorp Ltd - Initium           PTC Series A1         ICRA A(SO)   -       Reaffirmed
2019
Ess Kay Fincorp Ltd - Northern          PTC Series A1         ICRA AA(SO)  -       Upgraded
Arc 2018 Cv Pe                                                                     from ICRA
                                                                                   AA-(SO)
Ess Kay Fincorp Ltd - Northern          PTC Series A2         ICRA AA-(SO) -       Upgraded
Arc 2018 Cv Pe                                                                     from ICRA
                                                                                   A-(SO)
Ess Kay Fincorp Ltd - Northern          PTC Series A3         ICRA A+(SO)  -       Upgraded
Arc 2019 Cv Ferb                                                                   from ICRA
                                                                                   A-(SO)
Ess Kay Fincorp Ltd - Northern          PTC Series A1         ICRA AA(SO)  -       Reaffirmed
Arc 2019 Cv Ferb
Ess Kay Fincorp Ltd - Northern          PTC Series A2         ICRA AA-(SO) -       Upgraded
Arc 2019 Cv Ferb                                                                   from ICRA
                                                                                   A(SO)
Ess Kay Fincorp Ltd - Northern          PTC Series A2         ICRA A(SO)   -       Reaffirmed
Arc 2019 Fury
Ess Kay Fincorp Ltd - Northern          PTC Series A1         ICRA AA-(SO) -       Reaffirmed
Arc 2019 Fury
Ess Kay Fincorp Ltd - Vivriti           PTC Series A1         ICRA AA(SO)  -       Upgraded
Arod 02 2019                                                                       from ICRA
                                                                                   AA-(SO)
Ess Kay Fincorp Ltd - Vivriti           PTC Series A2         ICRA AA-(SO) -       Upgraded
Arod 02 2019                                                                       from ICRA
                                                                                   A(SO)
Ess Kay Fincorp Ltd - Volga Cv          PTC Series A2         ICRA AA(SO)  -       Upgraded
Ifmr Capital 2017                                                                  from ICRA
                                                                                   BBB-(SO)
Euro Forge Pvt Ltd                      LT - Fund Based/ CC   ICRA B       80      -
                                                              (Stable)
(Rating downgraded from ICRABB+(Stable) and continues to remain under the Issuer Not Cooperating
category)
Euro Forge Pvt Ltd                      LT - Fund Based TL    ICRA B       4.4     -
                                                              (Stable)
(Rating downgraded from ICRABB+(Stable) and continues to remain under the Issuer Not Cooperating
category)
Euro Forge Pvt Ltd                      Unallocated-LT        ICRA B       28.7    -
                                                              (Stable)
(Rating downgraded from ICRABB+(Stable) and continues to remain under the Issuer Not Cooperating
category)
Everlast Roofing                        LT - Fund Based/ CC   ICRA B+      40      Downgraded
                                                              (Stable)             from ICRA
                                                                                   BB- (Stable)
(Rating moved to Issuer Not Cooperating category)
Everlast Roofing                        LT - Unallocated      ICRA B+      10      Downgraded
                                                              (Stable)             from ICRA
                                                                                   BB- (Stable)
(Rating moved to Issuer Not Cooperating category)
Five-Star Business Finance Ltd          PTC Series A1(d)      Provisional  783.7   Assigned
- Northern Arc 2020 Sbl                                       ICRA AA(SO)
Kastellorizo
Five-Star Business Finance Ltd          PTC Series A1(a)      Provisional  134.3   Assigned
- Northern Arc 2020 Sbl                                       ICRA AA+(SO)
Kastellorizo
Five-Star Business Finance Ltd          PTC Series A1(b)      Provisional  171.7   Assigned
- Northern Arc 2020 Sbl                                       ICRA AA+(SO)
Kastellorizo
Five-Star Business Finance Ltd          PTC Series A1(c)      Provisional  223.9   Assigned
- Northern Arc 2020 Sbl                                       ICRA AA+(SO)
Kastellorizo
Gupta Marriage Halls Pvt Ltd            LT - Fund Based/ CC   ICRA D       45      -
(Rating continues to remain under the Issuer Not Cooperating category)
Gupta Marriage Halls Pvt Ltd            LT - Fund Based/TL    ICRA D       135     -
(Rating continues to remain under the Issuer Not Cooperating category)
Haldiram Snacks Pvt Ltd                 NCD Programme         ICRA AA      1000    Reaffirmed
                                                              (Stable)
Hira Power & Steels Ltd                 FB – CC               ICRA         500     -
                                                              B+(Stable)
(Reason for delay in carrying out periodic review: - Review process is underway)
Hira Power & Steels Ltd                 FB – TL               ICRA         740     -
                                                              B+(Stable)
(Reason for delay in carrying out periodic review: - Review process is underway)
Hsbc Asset Management (India)           HSBC Flexi Debt Fund  ICRA AAAmfs  -       Outstanding
Pvt Ltd
Icon Hospitality Pvt Ltd                LT: TL                ICRA         200     Reaffirmed
                                                              BBB(CE)
                                                              (Stable)
India Motor Parts And                   LT fund based         ICRA AA      160     Reaffirmed
Accessories Ltd                                               (Stable)
India Motor Parts And                   LT non-fund based     ICRA AA      2.5     Reaffirmed
Accessories Ltd                                               (Stable)
Indostar Capital Finance Ltd -          Assignee Payouts      Provisional  805.9   Assigned
Star Pcg Cv Jan 20                                            ICRA A(SO)
Jai Laxmi Cement Co. (P) Ltd            LT: Fund Based CC     ICRA B       60      -
                                                              (Stable)
(Continues to remain under the Issuer Not Cooperating category)
Jainam Coatex Llp                       FB –CC                ICRA B       25      -
                                                              (Stable)
(Rating moved to Issuer Not Cooperating category)
Jainam Coatex Llp                       FB –TL                ICRA B       32.5    -
                                                              (Stable)
(Rating moved to Issuer Not Cooperating category)
Jainam Coatex Llp                       Unallocated Limits    ICRA B       25      -
                                                              (Stable)
(Rating moved to Issuer Not Cooperating category)
Jana Holdings Ltd                       NCD                   PP-MLD ICRA  7500    Reaffirmed
                                                              B+
                                                              (Negative)
Jana Small Finance Bank Ltd -           PTC Series A2         ICRA D(SO)   -       Reaffirmed
Goldstein Ifmr Capital 2016
Jana Small Finance Bank Ltd -           PTC Series A2         ICRA D(SO)   -       Reaffirmed
Leonardo Ifmr Capital 2016
Jana Small Finance Bank Ltd -           PTC Series A2         ICRA D(SO)   -       Reaffirmed
Moses Ifmr Capital 2016
Jana Small Finance Bank Ltd -           PTC Series A3         ICRA D(SO)   -       Reaffirmed
Oceania Ifmr Capital 2016
Jana Small Finance Bank Ltd -           PTC Series A1         ICRA D(SO)   -       Reaffirmed
Raphael Ifmr Capital 2016
Jana Small Finance Bank Ltd -           PTC Series A2         ICRA D(SO)   -       Reaffirmed
Raphael Ifmr Capital 2016
Jana Small Finance Bank Ltd -           PTC Series A2         ICRA D(SO)   -       Reaffirmed
Smith Ifmr Capital 2016
Jana Small Finance Bank Ltd -           PTC Series A2         ICRA D(SO)   -       Reaffirmed
Syme Ifmr Capital 2016
Jbm Industries Ltd                      LT / ST - Fund Based  ICRA BBB     200     Reaffirmed
                                                              (Stable)/ A2
Jbm Industries Ltd                      LT / ST - Non-Fund    ICRA BBB     81.5    Reaffirmed
                                        Based                 (Stable)/ A2
Jbm Industries Ltd                      LT / ST – Fund        ICRA BBB     250     Reaffirmed
                                        based/NonFund Based   (Stable)/ A2
Jbm Industries Ltd                      LT / ST - Unallocated ICRA BBB     168.5   Reaffirmed
                                                              (Stable)/ A2
Jbm Ma Automotive Pvt Ltd               TL                    ICRA BBB&    733.3   Withdrawn
&:On rating watch with developing implications
Jbm Ma Automotive Pvt Ltd               LT/ST fund based      ICRA         775     Withdrawn
                                                              BBB&/A3+&
&:On rating watch with developing implications
Jbm Ma Automotive Pvt Ltd               LT/ST non-fund based  ICRA         215     Withdrawn
                                                              BBB&/A3+&
&:On rating watch with developing implications
Jbm Ma Automotive Pvt Ltd               Unallocated           ICRA         16.7    Withdrawn
                                                              BBB&/A3+&
&:On rating watch with developing implications
Kadalkanny Frozen Foods                 LT: Interchange       ICRA         -       Reaffirmed
                                                              BB(stable)
Kalsi Brothers                          LT: Fund Based CC     ICRA B+      150     -
                                                              (Stable)
(Continues to remain under the Issuer Not Cooperating category)
Kalyan Silks Trichur Pvt Ltd            Fund Based – LT       ICRA BBB+    600     Reaffirmed
                                                              (Stable)
Kalyan Silks Trichur Pvt Ltd            Fund Based –TL        ICRA BBB+    300     Reaffirmed
                                                              (Stable)
Kodandaram Roller Flour Mills           LT- FB                ICRA         50      Withdrawn
Pvt. Ltd                                                      BB+(stable)
Kogta Financial India Ltd -             PTC Series A1         ICRA A+(SO)  252.2   Confirmed as
A.K Meluha September 2019                                                          Final
Ksheer Sagar Developers Pvt Ltd         LT: TL                ICRA         450     Reaffirmed
                                                              BBB(CE)
                                                              (Stable)
Lampex Electronics Ltd                  LT -FBL               ICRA BBB-    500     -
                                                              (Stable)
(Reason for delay in carrying out periodic review: - Issuer delayed in giving information)
Lampex Electronics Ltd                  LT/ ST – Non-FBL      ICRA BBB-    225     -
                                                              (Stable)/
                                                              A3
(Reason for delay in carrying out periodic review: - Issuer delayed in giving information)
Lampex Electronics Ltd                  LT/ ST - Unallocated  ICRA BBB-    25      -
                                                              (Stable)/
                                                              A3
(Reason for delay in carrying out periodic review: - Issuer delayed in giving information)
Laxmi Rice Mills                        LT: Fund Based CC     ICRA B       130     -
                                                              (Stable)
(Continues to remain under the Issuer Not Cooperating category)
Laxmi Rice Mills                        LT: Fund Based Term LoICRA B       18      -
                                                              (Stable)
(Continues to remain under the Issuer Not Cooperating category)
Lycon Microns Llp                       FB – CC               ICRA B+      40      -
                                                              (Stable)
(Rating moved to under Issuer Not Cooperating Category)
Lycon Microns Llp                       FB – TL               ICRA B+      50      -
                                                              (Stable)
(Rating moved to under Issuer Not Cooperating Category)
Lypsa Gems And Jewellery Ltd            LT / Shortterm        ICRA D / D   500     -
                                        Fundbased /
                                        Non-fundbased
(Rating continues to remain under the Issuer Not Cooperating category)
Mahan Plastics Pvt Ltd                  LT: Fund Based CC     ICRA B       500     Downgraded
                                                              (Stable)             from ICRA
                                                                                   BB+(Stable)
(Continues to remain under the Issuer Not Cooperating category)
Mahan Plastics Pvt Ltd                  LT: Fund Based TL     ICRA B       13.1    Downgraded
                                                              (Stable)             from ICRA
                                                                                   BB+(Stable)
(Continues to remain under the Issuer Not Cooperating category)
Mahan Plastics Pvt Ltd                  LT: Unallocated       ICRA B       24.5    Downgraded
                                                              (Stable)             from ICRA
                                                                                   BB+(Stable)
(Continues to remain under the Issuer Not Cooperating category)
Mana Projects Pvt Ltd                   Uber Verdant Phase II -            -       -
(ICRA Bengaluru Five Star; Assigned)
Manba Finance Ltd - Northern            PTC Series A1         ICRA AA      -       Upgraded
Arc 2019 C                                                    (SO)                 from ICRA
                                                                                   A(SO)
Meenamani Real Venture Llp              LT - Fund Based/ CC   ICRA B+      200     -
                                                              (Stable)
(Rating continues to remain under the Issuer Not Cooperating category)
Mfar Developers Pvt Ltd                 Fund Based – TL       ICRA         7000    Withdrawn
                                                              BBB-(CE)
                                                              (Stable)
Mittal Cot Fibers                       LT: Fund Based CC     ICRA B       40      -
                                                              (Stable)
(Continues to remain under the Issuer Not Cooperating category)
Mittal Cot Fibers                       LT: Fund Based TL     ICRA B       25      -
                                                              (Stable)
(Continues to remain under the Issuer Not Cooperating category)
Motherson Sumi Systems Ltd              TL                    ICRA AA+     11082.7 Reaffirmed
                                                              (stable)
Motherson Sumi Systems Ltd              FB Fac                ICRA AA+     6000    Reaffirmed
                                                              (Stable) /
                                                              A1+
Motherson Sumi Systems Ltd              Non-fund based Bk Fac ICRA AA+     1000    Reaffirmed
                                                              (Stable) /
                                                              A1+
Msl Driveline Systems Ltd               TL                    ICRA A+      61      Reaffirmed
                                                              (Stable)
Msl Driveline Systems Ltd               LT / ST, FB Bk Fac    ICRA A+      250     Reaffirmed
                                                              (Stable) /
                                                              A1+
Msl Driveline Systems Ltd               LT/ ST,               ICRA A+      250     Reaffirmed
                                        Fundbased/Non-fund    (Stable) /
                                        Based Bk Fac          A1+
N.B Hi-Tech Cold Storage                FB – TL               ICRA B-      84.3    -
                                                              (Stable)
(Rating continues to remain under the Issuer Not Cooperating category)
N.B Hi-Tech Cold Storage                FB – CC               ICRA B-      25.1    -
                                                              (Stable)
(Rating continues to remain under the Issuer Not Cooperating category)
N.B Hi-Tech Cold Storage                Non-Fund basedLOC     ICRA B-      -       -
                                                              (Stable)
(Rating continues to remain under the Issuer Not Cooperating category)
Neelay Metal Industries                 LT - Fund Based/ CC   ICRA         55      Downgraded
                                                              B+(Stable)           from ICRA
                                                                                   BB- (Stable)
(Rating continues to remain under the Issuer Not Cooperating category)
Neelay Metal Industries                 LT - Fund Based TL    ICRA         23.9    Downgraded
                                                              B+(Stable)           from ICRA
                                                                                   BB- (Stable)
(Rating continues to remain under the Issuer Not Cooperating category)
Neelay Metal Industries                 LT / ST - Unallocated ICRA         11.1    Downgraded
                                                              B+(Stable)           from ICRA
                                                                                   BB- (Stable)/
                                                                    A4    
(Rating continues to remain under the Issuer Not Cooperating category)
Nilons Enterprises Pvt Ltd              LT, FB – TL           ICRA BBB-    270     Reaffirmed
(outlook revised to Negative from Stable)
Nilons Enterprises Pvt Ltd              LT, FB – CC           ICRA BBB-    687     Reaffirmed
(outlook revised to Negative from Stable)
Nilons Enterprises Pvt Ltd              LT / ST – Unallocated ICRA BBB-/A3 40      Reaffirmed
(outlook revised to Negative from Stable)
Nirjara Solaire Urja Pvt Ltd            LT - TL               ICRA BBB+ &  600     -
&: ratings watch with developing implications
Pacific Garments Pvt. Ltd               LT Fund based         ICRA D       49.7    -
(Rating continues to remain under the Issuer Not Cooperating category)
Pan Healthcare Pvt. Ltd                 FB-TL                 ICRA B+      557     -
                                                              (Stable)
(Rating moved to Issuer Not Cooperating category)
Pan Healthcare Pvt. Ltd                 FB-CAPEX LC as        ICRA B+      -       -
                                        Sub-limit of TL       (Stable)
(Rating moved to Issuer Not Cooperating category)
Pan Healthcare Pvt. Ltd                 FB - CC               ICRA B+      170     -
                                                              (Stable)
(Rating moved to Issuer Not Cooperating category)
Paratus Real Estates Pvt. Ltd           Fund based-TL         ICRA D       180     -
(Rating continues to remain in the Issuer Not Cooperating category)
Parisons Agrotech Pvt Ltd               Fund Based – CC       ICRA BB+     30      Reaffirmed
                                                              (Stable)
Parisons Foods Pvt Ltd                  Fund Based – CC       ICRA BB+     50      Reaffirmed
                                                              (Stable)
Parisons Roller Flour Mills             Fund Based – CC       ICRA BB+     23.5    Reaffirmed
Pvt Ltd                                                       (Stable)
Petal Motocon Pvt. Ltd                  Fund based –          ICRA B-      100     -
                                        Inventory Funding     (Stable)
                                        Limits
(Rating continues to remain under the Issuer Not Cooperating category)
Planet Automotive Pvt. Ltd              Fund based – CC       ICRA B-      170     -
                                                              (Stable)
(Rating continues to remain under the Issuer Not Cooperating category)
Planet Automotive Pvt. Ltd              Fund based –          ICRA B-      140     -
                                        Inventory Funding     (Stable)
                                        Limits
(Rating continues to remain under the Issuer Not Cooperating category)
Prachay Capital Pvt Ltd                 CC Facility           ICRA BB+     -       Withdrawn
                                                              (CE)
Prachay Capital Pvt Ltd                 TL                    ICRA BB+     -       Withdrawn
                                                              (CE)
Rajasthan Barytes Ltd                   Issuer Rating         ICRA BBB-    -       -
                                                              (Stable)
(put on notice of withdrawal for one month)
Rajshree Sugars & Chemicals Ltd         LT - TL               ICRA D       3344.2  -
(Rating moved to issuer not cooperating category)
Rajshree Sugars & Chemicals Ltd         LT - Fund Based – CC  ICRA D       828.4   -
(Rating moved to issuer not cooperating category)
Ram Kripal Singh Construction           FB Limits             ICRA A-      800^    Reaffirmed
Pvt. Ltd                                                      (Negative)
^Interchangeable between fund-based and non-fund based limits to the extent of Rs. 40.0 crore
Ram Kripal Singh Construction           Non-FBL               ICRA A-      7700    Reaffirmed
Pvt. Ltd                                                      (Negative)
Ramana Educational Trust (Ret)          LT Fund based Term Lo ICRA B       150     Downgraded
                                                              (Stable)             from ICRA
                                                                                   BB+ (Stable)
(Rating continues to remain under Issuer Not Cooperating category)
Ramgad Minerals And Mining Ltd          FB – TL               ICRA BBB+    1202.8  Reaffirmed
                                                              (Stable)
Ramgad Minerals And Mining Ltd          FB – CC               ICRA BBB+    100     Reaffirmed
                                                              (Stable)
Ramgad Minerals And Mining Ltd          Unallocated           ICRA BBB+    582.2   Reaffirmed
                                                              (Stable)
Ritco Logistics Ltd                     LT: FB/CC             ICRA BBB+    937.5   Assigned /
                                                              (Stable)             Outstanding
Rosy Blue (India) Pvt Ltd               LT / ST, Fundbased-   ICRA BBB+    11800   Revised from
                                        Working Capital Fac   (Stable) /           ICRA A-
                                                              A2                   (Stable)/A2+
Royal Orchid Hotels Ltd                 LT TL                 ICRA BBB     460     Reaffirmed
                                                              (Stable)
S V Creditline Ltd                      NCD Programme         ICRA         230     Reaffirmed
                                                              BBB-(Stable)
S V Creditline Ltd                      NCD Programme         ICRA         -       Withdrawn
                                                              BBB-(Stable)
S V Creditline Ltd                      Bk Lines              ICRA         550     Reaffirmed
                                                              BBB-(Stable)
S V Creditline Ltd                      Bk Lines: Unallocated ICRA         -       Withdrawn
                                                              BBB-(Stable)
S V Creditline Ltd                      Subordinated Debt     ICRA         100     Reaffirmed
                                        Programme             BBB-(Stable)
S. K. Exports (Lower Parel)             Fund Based – Export   ICRA         136     Downgraded
                                        Packing               B+(Stable)           from ICRA
                                        Credit/Packing Credit in Foreign Currency  BB- (Stable)
(Rating continues to remain under the Issuer Not Cooperating category)
S. K. Exports (Lower Parel)             Unallocated limits    ICRA         4       Downgraded
                                                              B+(Stable)           from ICRA
                                                              / A4                 BB-Stable/A4
(Rating continues to remain under the Issuer Not Cooperating category)
Saija Finance Pvt Ltd                   NCD Programme         ICRA         790     Reaffirmed
                                                              BBB-(Stable)
Saija Finance Pvt Ltd                   Bk Lines              ICRA         1000    Reaffirmed
                                                              BBB-(Stable)
Sanchit Polymers                        LT: Fund Based CC     ICRA B+      87.5    Downgraded
                                                              (Stable)             from ICRA
                                                                                   BB+(Stable)
(Continues to remain under the Issuer Not Cooperating category)
Sangamner Taluka Sahakari Dudh          Fund based-TL-ProposedICRA B       70      -
Utpadak And Prakriya Sangh Ltd                                (Stable)
(Rating moved to Issuer Not Cooperating category)
Santhoshimathaa Edible Oil              LT- Fund Based TL     ICRA         166     Downgraded
Refinery Pvt Ltd                                              B+(Stable)           from ICRA
                                                                                   BB+(Stable)
(Rating continues to remain under the Issuer Not Cooperating category)
Santhoshimathaa Edible Oil              LT/ STUnallocated     ICRA         24      -
Refinery Pvt Ltd                                              B+(Stable)
                                                              / A4
(Long term rating downgraded from ICRABB+(Stable) and Short term rating downgraded from ICRAA4+
and continues to remain under Issuer Not Cooperating category
Seagull Associates                      TL                    ICRA BB      10      Reaffirmed
                                                              (Stable)
Seeds & Grains India Pvt Ltd            Fund based/ TL        ICRA BB      70      -
                                                              (Stable)
(Reason for delay in carrying out periodic review: - Issuer delayed in giving information)
Sgs Tekniks Manufacturing Pvt           Fund based/TL         ICRA         125     Upgraded
Ltd                                                           A(Stable)            from ICRA A-
                                                                                   (Stable)
Sgs Tekniks Manufacturing Pvt           Non-fund based/BG     ICRA         2       Upgraded
Ltd                                                           A(Stable)            from ICRA A-
                                                                                   (Stable)
Shree Jagdamba Poultry Pvt Ltd          LT / ST - Fund Based  ICRA         115     -
                                                              B(Stable)
                                                              /A4
(Rating continues to remain under the Issuer Not Cooperating category)
Shree Sangameswara Electricals          Fund based - working  ICRA D       20      Revised from
                                        capital limits                             ICRA C+
Shree Sangameswara Electricals          Fund based - TL       ICRA D       10      Revised from
                                                                                   ICRA C+
Silica Infotech Pvt Ltd                 LT - Fund Based/ CC   ICRA B+      70      -
                                                              (Stable)
(Continues to remain under the Issuer Not Cooperating category)
Silica Infotech Pvt Ltd                 LT - Fund Based TL    ICRA B+      12.5    -
                                                              (Stable)
(Continues to remain under the Issuer Not Cooperating category)
Solaire Surya Urja Pvt Ltd              LT - TL               ICRA A+ &    6500    -
&: ratings watch with developing implications
Solar Idea Pvt Ltd                      LT - Fund Based/ CC   ICRA         50      Assigned
                                                              B+(Stable)
Solar Idea Pvt Ltd                      LT / ST – Non-FBL     ICRA         15      Assigned
                                                              B+(Stable)
                                                              / A4
Su Toll Road Pvt Ltd                    TL                    ICRA BB      5880    Downgraded
                                                              (Negative)           from ICRA
                                                                                   BBB-
                                                                    (Negative)
Su Toll Road Pvt Ltd                    NCD (NCD)             ICRA BB      800     Downgraded
                                                              (Negative)           from ICRA
                                                                                   BBB-
                                                           (Negative)    
Sugam Vanijya Holdings Pvt Ltd          LT - NCD              ICRA BBB+    4725    -
                                                              (Stable)
(Reason for delay in carrying out periodic review: - Review process is underway)
Sugam Vanijya Holdings Pvt Ltd          LT - TL               ICRA BBB+    1475    -
                                                              (Stable)
(Reason for delay in carrying out periodic review: - Review process is underway)
Sugam Vanijya Holdings Pvt Ltd          LT - Fund Based/CC    ICRA BBB+    300     -
                                                              (Stable)
(Reason for delay in carrying out periodic review: - Review process is underway)
Sugam Vanijya Holdings Pvt Ltd          LT - Non-Fund Based   ICRA BBB+    200     -
                                                              (Stable)
(Reason for delay in carrying out periodic review: - Review process is underway)
Sun Metallics & Alloys Pvt Ltd          Fund based - CC       ICRA B+      150     Downgraded
                                                              (Stable)             from ICRA
                                                                                   BB+ (Stable)
(Rating continues to remain under the Issuer Not Cooperating category)
Sun Metallics & Alloys Pvt Ltd          Unallocated           ICRA B+      5       Downgraded
                                                              (Stable) /           from ICRA
                                                              A4+                  BB+Stable/A4+
(Rating continues to remain under the Issuer Not Cooperating category)
Sundaram Home Finance Ltd -             Purchaser Payouts     ICRA AAA(SO) -       Reaffirmed
Sbphfl Mortgage Loan Pool D.A.
Feb-12
Sundaram Home Finance Ltd -             Purchaser Payouts     ICRA AAA(SO) -       Reaffirmed
Sbphfl Mortgage Loan Pool D.A.
Feb-12
Super Screws Pvt Ltd                    Fund Based - CC – LT  ICRA BBB     200     Reaffirmed
                                                              (Stable)
Super Screws Pvt Ltd                    Fund Based - TL - LT  ICRA BBB     230     Reaffirmed
                                                              (Stable)
Suprasanna Solaire Energy Pvt           LT - TL               ICRA BBB+ &  1120    -
Ltd
&: ratings watch with developing implications
Svl Ltd                                 NCD Programme - 1     ICRA D       6500    Reaffirmed
Svl Ltd                                 NCD Programme - 1     ICRA D       1125    Reaffirmed
Svl Ltd                                 Fund Based – TL       ICRA D       585     Reaffirmed
Svl Ltd                                 LT – Unallocated      ICRA D       1025    Reaffirmed
Syndicate Bank                          Basel III Compliant   ICRA AA      32500   -
                                        Tier II Bonds         (hyb) &
                                        Programme
& Denotes under rating Watch with Developing Implications
Taneja Vidyut Control Pvt Ltd           LT: Fund Based CC     ICRA B+      35      -
                                                              (Stable)
(Continues to remain under the Issuer Not Cooperating category)
Tarini Motors Pvt Ltd                   FB -TL                ICRA B+      6       Withdrawn
                                                              (Stable)
Tarini Motors Pvt Ltd                   FB - CC               ICRA B+      39.5    Withdrawn
                                                              (Stable)
Tarini Motors Pvt Ltd                   Unallocated Limit     ICRA B+      23.9    Withdrawn
                                                              (Stable)
Tata Capital Financial                  Perpetual debt        ICRA AA+     10865.5 Outstanding
Services Ltd                            programme             (Stable)
Tata Capital Financial                  Subordinated debt     ICRA AAA     5000    Assigned
Services Ltd                            programme             (Stable)
Tata Capital Financial                  NCD programme         ICRA AAA     132934.5Outstanding
Services Ltd                                                  (Stable)
Tata Capital Financial                  Subordinated debt     ICRA AAA     14054.5 Outstanding
Services Ltd                            programme             (Stable)
Tata Capital Financial                  LT / ST – Fund based  ICRA         250000  Outstanding
Services Ltd                            / Non-fund based      AAA(Stable)
                                                              / A1+
Theva & Co.                             LT: TL                ICRA         75      Reaffirmed
                                                              BB(stable)
Theva & Co.                             LT: Interchangeable   ICRA         -       Reaffirmed
                                                              BB(stable)
Transasia Bio-Medicals Ltd              LT / ST, FB / Non-FBL ICRA AA-     1320    Reaffirmed
                                                              (Stable) /
                                                              A1+
Tvs Credit Services Ltd -               PTC Series A          ICRA AAA(SO) 48.6    Reaffirmed
Silver Trust Feb-17
Tvs Credit Services Ltd -               Second Loss Facility  ICRA AAA(SO) 22.2    Upgraded
Silver Trust Feb-17                                                                from ICRA A
                                                                                   (SO)
Tvs Credit Services Ltd -               Second Loss Facility  ICRA AA-(SO) 20.6    Upgraded
Silver Trust Feb-18                                                                from ICRA A
                                                                                   (SO)
Tvs Credit Services Ltd -               PTC Series A          ICRA AAA(SO) 180.9   Reaffirmed
Silver Trust Feb-18
Ujjvalatejas Solaire Urja Pvt           LT - TL               ICRA BBB+ &  1120    -
Ltd
(Placed on ratings watch with developing implications)
United Spirits Ltd                      NCDs                  ICRA AA+     7500    Reaffirmed
                                                              (Stable)
United Spirits Ltd                      LT/ST Fund            ICRA AA+     39250   Reaffirmed
                                        Based/Nonfund Based   (Stable) /
                                                              A1+
Updater Services Pvt Ltd                FB - Working Capital  ICRA         800     Reaffirmed
                                        Fac                   A+/Stable
Updater Services Pvt Ltd                FB – (sublimit)       ICRA         -       Reaffirmed
                                                              A+/Stable
Usha Microns Pvt Ltd                    Issuer Rating         ICRA BB      -       -
                                                              (Stable)
(put on notice of withdrawal for one month)
Utstarcom India Telecom Pvt.            Non-FBL               ICRA BBB-    500     Downgraded
Ltd                                                           (Negative)           from ICRA
                                                              / A3                 BBB 
                                                    (Stable)/A2
Uttara Impex Pvt Ltd                    CC (Fund Based (SO))  ICRA         170     -
                                                              BBB+(SO)
                                                              (Stable)
(Reason for delay in carrying out periodic review: - Issuer delayed in giving information)
V.S.T. And Sons Pvt Ltd                 Fund Based – Working  ICRA BBB     440     Reaffirmed
                                        Capital Fac
(outlook revised to Negative from Stable)
V.S.T. And Sons Pvt Ltd                 Fund Based – TL       ICRA BBB     10      Reaffirmed
(outlook revised to Negative from Stable)
V.S.T. Auto Parts Pvt Ltd               Fund Based – Working  ICRA BBB     310     Reaffirmed
                                        Capital Fac
V.S.T. Motors Pvt Ltd                   Fund Based – Working  ICRA BBB     650     Reaffirmed
                                        Capital Fac
(outlook revised to Negative from Stable)
Vaishnavi Lifecare Pvt Ltd              LT - Fund Based/ CC   ICRA B+      2.5     -
                                                              (Stable)
(Rating continues to remain under Issuer Not Cooperating category)
Vaishnavi Lifecare Pvt Ltd              LT - Fund Based TL    ICRA B+      57.2    -
                                                              (Stable)
(Rating continues to remain under Issuer Not Cooperating category)
Vaishnavi Lifecare Pvt Ltd              LT / ST - Unallocated ICRA B+      6.3     -
                                                              (Stable) /
                                                              A4
(Rating continues to remain under Issuer Not Cooperating category)
Velammal Educational Trust              LT Fund based CC      ICRA B       1055    Downgraded
(Vet)                                                         (Stable)             from ICRA
                                                                                   BB+ (Stable)
(Rating continues to remain under Issuer Not Cooperating category)
Velammal Educational Trust              LT Fund based TL      ICRA B       3773.9  Downgraded
(Vet)                                                         (Stable)             from ICRA
                                                                                   BB+ (Stable)
(Rating continues to remain under Issuer Not Cooperating category)
Velammal Educational Trust              LT Unallocated        ICRA B       1223.9  Downgraded
(Vet)                                                         (Stable)             from ICRA
                                                                                   BB+ (Stable)
(Rating continues to remain under Issuer Not Cooperating category)
Vistaar Financial Services Pvt          Assignee Payouts      Provisional  677.1   Reaffirmed
Ltd - Vistaar Bob Da Pool Dec                                 ICRA AA(SO)
2019 (Pcg)
Yenkey Roller Flour Mills               LT- Fund Based        ICRA B+      50      Downgraded
                                                              (Stable)             from ICRA
                                                                                   BB+ (Stable)
(Moved to Issuer Not Cooperating category)
Zetek Castings Pvt Ltd                  LT – CC               ICRA B+      35      -
                                                              (Stable)
(Rating downgraded from ICRA BB (Stable) and continues to remain in the Issuer Not Cooperating
category)
Zetek Castings Pvt Ltd                  LT – TL               ICRA B+      64.8    -
                                                              (Stable)
(Rating downgraded from ICRA BB (Stable) and continues to remain in the Issuer Not Cooperating
category)
Zetek Castings Pvt Ltd                  LT - Unallocated      ICRA B+      13.7    -
                                                              (Stable)
(Rating downgraded from ICRA BB (Stable) and continues to remain in the Issuer Not Cooperating
category)
Sunworld Residency Pvt Ltd              Fund based/ TL        ICRA D       900
Issuer delayed in giving information
--------------------------------------------------------------------------------------------
$: 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@refinitiv.com)
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below