January 2, 2019 / 9:09 AM / 3 months ago

RPT-ICRA ratings for Indian debt instruments-Jan 2

 (Repeating to add more ratings)
    Jan 2 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of December 31, 2018.


COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Aaiswarya Dyeing Mills Pvt.             LOC                   ICRA A2      100     -
Ltd.
Rating continues to remain under ‘(Issuer Not Cooperating)
Asia Bulk Sacks Pvt Ltd                 NFBL                  ICRA A4      65      -
Rating continues to remain under ‘(Issuer Not Cooperating)
Asia Bulk Sacks Pvt Ltd                 FBL                   ICRA A4      180     -
Rating continues to remain under ‘(Issuer Not Cooperating)
Bhalla Chemical Works Pvt. Ltd.         ST - Non Fund Based   ICRA A4      56      Reaffirmed
Derewala Industries Ltd                 ST - FB               ICRA A4+     330     Downgraded
                                                                                   from ICRA A3
Derewala Industries Ltd                 ST - Non-fund Based   ICRA A4+     1360    Downgraded
                                        Unallocated                                from ICRA A3
                                                                                   -
Hpcl-Mittal Energy Ltd                  CP                    ICRA A1+     15000   outstanding
Hy-Gro Chemicals Pharmtek Pvt.          Non-Fund Based – LOC  ICRA A3+     100     Reaffirmed
Ltd
Kakinada Seaports Ltd                   ST; Non FB Fac        ICRA A1      1095.5  Reaffirmed
K Mohan Amp; Company (Exports)          ST – Fund Based       ICRA D       0       revised from
Pvt Ltd                                                                            ICRA A4
K Mohan Amp; Company (Exports)          ST – Non-FB           ICRA D       0       revised from
Pvt Ltd                                                                            ICRA A4
K Mohan Amp; Company (Exports)          ST – Export Packing   ICRA D       530     revised from
Pvt Ltd                                 Credit                                     ICRA A4
Piramal Enterprises Ltd                 CP                    ICRA A1+     90000   outstanding
Piramal Enterprises Ltd                 ST Non-Fund Based     ICRA A1+     2000    outstanding
Rama Cylinders Pvt Ltd                  Non-FBL               ICRA A2      570.9   Upgraded
                                                                                   from ICRA A3+
Scorpios Apparels Pvt Ltd               ST – Fund Based       ICRA A4+     140     Reaffirmed
Scorpios Apparels Pvt Ltd               ST – Non-fund Based   ICRA A4+     10      Reaffirmed
Standard Retail Pvt Ltd                 ST Non-Fund Based     ICRA A3+     3750    Reaffirmed
Standard Retail Pvt Ltd                 ST Interchangeable    ICRA A3+     -       Reaffirmed
Standard Retail Pvt Ltd                 ST Unallocated        ICRA A3+     500     Reaffirmed
Venkar Chemicals Pvt Ltd                ST – NFBL             ICRA A4+     12.5    -
Rating moved to the ‘(Issuer Not Cooperating)
Yamuna Machine Works Ltd.               Non-fund based – BG   ICRA A4      15      -
Rating moved to the ‘(Issuer Not Cooperating)
Yamuna Machine Works Ltd.               Fund based-Export     ICRA A4      30      -
                                        Packing Credit
Rating moved to the ‘(Issuer Not Cooperating)
Ajay Protech Pvt Ltd                    Non-FB Limits-LOC     ICRA A4      -
Rating continues to remain under ‘Issuer Not Cooperating’ category
Ajay Protech Pvt Ltd                    Non-FB Limits-BG      ICRA A4      100
Rating continues to remain under ‘Issuer Not Cooperating’ category
Alpha Design Technologies Pvt           ST Non Fund based     ICRA A3+     820     outstanding
Ltd
Alpha Design Technologies Pvt           Short- Term           ICRA A3+     -       outstanding
Ltd                                     Interchangeable
Autometers Alliance Ltd                 ST FB Bk Fac          ICRA A4+     400
Downgraded from ICRA A3+
Autometers Alliance Ltd                 ST non-FB Bk Fac      ICRA A4+     150
Downgraded from ICRA A3+
Commtel Networks Pvt Ltd                ST, Non-FB Fac        ICRA A2      230     Reaffirmed
Commtel Networks Pvt Ltd                ST, Unallocated Fac   ICRA A2      10      Reaffirmed
Danish Leather Exports                  ST: FB Fac            ICRA A4      35
Continues to remain in non-cooperating category
Danish Leather Exports                  ST: Non-fundbased Fac ICRA A4      15
Continues to remain in non-cooperating category
Danish Leather Exports                  ST: Unallocated limitsICRA A4      50
Continues to remain in non-cooperating category
Fitwel Tools And Forgings Pvt.          ST Non-FBL            ICRA A2+     87.5    Reaffirmed
Ltd.
Genus Electrotech Ltd                   Non Fund Based – LOC  ICRA A3+     932
Revised from ICAR A2
Hosley India Pvt Ltd                    ST – Fund Based-      ICRA A4      100     Reaffirmed
                                        Bills Discounting/
                                        Packing Credit
Idfc Ltd                                CP Programme          ICRA A1+     5000    Reaffirmed
Indostar Capital Finance Ltd            CP                    ICRA A1+     12500   Reaffirmed
Indostar Home Finance Pvt Ltd           CP                    ICRA A1+     2000    Reaffirmed
Jia Auto Sales Pvt Ltd                  NFBL                  ICRA A4      55
Withdrawn; Issuer Not Cooperating
Jinny Marine Traders                    Fund Based-           ICRA A4+     160     Withdrawn
                                        EPC/FBD/FBP/PCFC/EBR^#
^EPC- Export Packing Credit, FBD- Foreign Bill Discounting, FBP- Foreign Bill Purchase, PCFC-
Packing Credit in Foreign Currency, EBR- Export Bill Rediscounting, CEL- Credit Exposure Limit;
# Overall FBWC limit fully interchangeable within limit of Rs. 16.00 crore 

Jinny Marine Traders                    Non Fund Based- CEL^  ICRA A4+     12.5    Withdrawn
^EPC- Export Packing Credit, FBD- Foreign Bill Discounting, FBP- Foreign Bill Purchase, PCFC-
Packing Credit in Foreign Currency, EBR- Export Bill Rediscounting, CEL- Credit Exposure Limit 
Kitex Childrenswear Ltd                 FB - Working Capital  ICRA A1+     650     Reaffirmed
                                        Fac
Kitex Childrenswear Ltd                 Non-fund              ICRA A1+     60      Reaffirmed
                                        Based-Working Capital
                                        Fac
Kitex Garments Ltd                      FB - Working Capital  ICRA A1+     1170    Reaffirmed
                                        Fac
Kitex Garments Ltd                      Non-fund              ICRA A1+     200     Reaffirmed
                                        Based-Working Capital
                                        Fac
M R Agro Industries                     Packing credit cum    ICRA A4      140     Reaffirmed
                                        PCFC
                                        cum/FBP/FBD/FCBP/FCBD
Marks Engineering Works                 ST – FB               ICRA A3      96.5
Rating continues to remain in the ‘Issuer Not Cooperating’ category
Motherson Sumi Systems Ltd              CP/STD programme      ICRA A1+     1500    Reaffirmed
Patel Wood Syndicate                    ST, FB - Packing      ICRA D       90
                                        Credit
Withdrawn; Issuer Not Cooperating
Patel Wood Syndicate                    ST, FB -              ICRA D       -
                                        Post-shipment limit^
Withdrawn; Issuer Not Cooperating; ^Sublimit of Rs.9.00 crore of packing credit 
Patel Wood Syndicate                    ST, FB - Import Trust^ICRA D       -
Withdrawn; Issuer Not Cooperating
Patel Wood Syndicate                    ST, Non-fund Based -  ICRA D       -
                                        LOC^
Withdrawn; Issuer Not Cooperating; ^Sublimit of Rs.9.00 crore of packing credit 
Pricewaterhousecoopers Pvt Ltd          ST Non-fund Based     ICRA A1+     500     Reaffirmed
                                        Working Capital Fac
Redington (India) Ltd                   CP                    ICRA A1+     19000   Reaffirmed
Redington (India) Ltd                   ST - FB Fac           ICRA A1+     9010    Reaffirmed
Redington (India) Ltd                   ST Non-Fund based     ICRA A1+     1600    Reaffirmed
Sama Jewellery Pvt Ltd                  ST – NFBL^            ICRA A4      -
Rating continues to remain in the ‘Issuer Not Cooperating’ category; ^sublimit to the fund based
sanctioned facility of Rs. 8.50 crore
Sanoor Cashews                          ST – FB               ICRA A4      50      Reaffirmed
Skm Industries                          Fund based-Working    ICRA A4      52.5
                                        Capital limits
Rating continues to remain under ‘Issuer Not Cooperating’ category
Skm Industries                          Non-FBL               ICRA A4      90
Rating continues to remain under ‘Issuer Not Cooperating’ category
Sri Maharaja Refineries                 ST – Non-fund based   ICRA D       393.8
Rating continues to remain in the ‘Issuer Not Cooperating’ category
Sri Maharaja Industries                 ST – Non-fund based   ICRA D       337.5
Sri Maharaja Oil Imports And            ST – Non-fund based   ICRA D       550
Exports India Pvt Ltd
Rating continues to remain in the ‘Issuer Not Cooperating’ category
Rating continues to remain in the ‘Issuer Not Cooperating’ category
Tablets (India) Ltd                     ST: FB Fac – sublimit ICRA A2+     -       Reaffirmed
Tablets (India) Ltd                     ST: Non-FB Fac        ICRA A2+     80      Reaffirmed
Tablets (India) Ltd                     ST: Non-FB Fac –      ICRA A2+     -       Reaffirmed
                                        sublimit
Variety Lumbers Pvt Ltd                 Unallocated Limits    ICRA A4      200#
Rating moved ‘Issuer Not Cooperating’ category; #Includes sublimit: BELC (Rs. 4.00 crore) and
Bank guarantee (Rs. 1.00 crore)

LONG TERM RATINGS:
-------------------
Aaiswarya Dyeing Mills Pvt.             TL                    ICRA BBB+    130     -
Ltd.
Rating continues to remain under ‘(Issuer Not Cooperating)
Aaiswarya Dyeing Mills Pvt.             CC                    ICRA BBB+    300     -
Ltd.
Rating continues to remain under ‘(Issuer Not Cooperating)
Aaiswarya Dyeing Mills Pvt.             Unallocated Limits    ICRA BBB+    100     -
Ltd.
Rating continues to remain under ‘(Issuer Not Cooperating)
Asia Bulk Sacks Pvt Ltd                 FB – TL               ICRA B-      91.6    -
Rating continues to remain under ‘(Issuer Not Cooperating)
Asia Bulk Sacks Pvt Ltd                 FB – CC               ICRA B-              -
Rating continues to remain under ‘(Issuer Not Cooperating)
Asia Bulk Sacks Pvt Ltd                 Unallocated limit     ICRA B-      99.4    -
                                                              /ICRA A4
Rating continues to remain under ‘(Issuer Not Cooperating)
Berar Finance Ltd - Vivriti             PTC Series A1         Provisional  111.2   Assigned
Mike 12 2018                                                  ICRA A-(SO)
Berar Finance Ltd - Vivriti             PTC Series A2         Provisional  3.9     Assigned
Mike 12 2018                                                  ICRA
                                                              BBB-(SO)
Bhalla Chemical Works Pvt. Ltd.         LT FB CC              ICRA B+      44      Reaffirmed
Cornerview Constructions &              NCD                   ICRA BB-     700     Revised from
Developers Pvt Ltd                                                                 ICRA B
Derewala Industries Ltd                 LT - FB (CC)          ICRA BB+     145     Downgraded
                                                                                   from ICRA
                                                                                   BBB-
Derewala Industries Ltd                 LT / ST -             ICRA                 Downgraded
                                        Interchangeable       BB+/ICRA A4+         from ICRA
                                                                                   BBB-/ ICRA A3
Embassy Property Developments           NCD – I               ICRA         2036    Reaffirmed
Pvt Ltd                                                       BBB-(SO)
Embassy Property Developments           NCD –II               ICRA         219.4   Reaffirmed
Pvt Ltd                                                       BBB-(SO)
Embassy Property Developments           TL                    ICRA         10000   Reaffirmed
Pvt Ltd                                                       BBB-(SO)
Embassy Property Developments           Non-fund based (sub   ICRA                 Assigned
Pvt Ltd                                 limit of TL)          BBB-(SO)
Gmr Hyderabad Aerotropolis Ltd          FB -TL                ICRA AA      450     Reaffirmed
                                                              (SO)
Guruvayoor Municipality                 Issuer rating         ICRA BB-     -       Withdrawn
(Issuer Not Cooperating)
Hpcl-Mittal Energy Ltd                  TL                    ICRA AA+     134410  Assigned
Hpcl-Mittal Energy Ltd                  LT Bond Programme     ICRA AA+     10200   outstanding
Hy-Gro Chemicals Pharmtek Pvt.          Fund based            ICRA BBB     200     Reaffirmed
Ltd
Hy-Gro Chemicals Pharmtek Pvt.          Fund based- TL        ICRA BBB     6       Reaffirmed
Ltd
Hy-Gro Chemicals Pharmtek Pvt.          Non-Fund Based – BG   ICRA BBB     2.5     Reaffirmed
Ltd
Ishwar Oil Mill                         Fund based-CC         ICRA D       130     -
Rating continues to remain under ‘(Issuer Not Cooperating)
Ishwar Oil Mill                         Fund based-TL         ICRA D       5.1     -
Rating continues to remain under ‘(Issuer Not Cooperating)
Jai Maharashtra Nagar                   NCDs                  ICRA D       780     Reaffirmed
Development Pvt Ltd
K Mohan Amp; Company (Exports)          LT – CC               ICRA D       0       revised from
Pvt Ltd                                                                            ICRA B+
Kakinada Seaports Ltd                   LT, TL                ICRA A       3116    Reaffirmed
Kakinada Seaports Ltd                   LT, FB Fac            ICRA A       500     Reaffirmed
Kakinada Seaports Ltd                   LT, Unallocated Fac   ICRA A       713.1   Reaffirmed
Kannur Municipal Corporation            Issuer rating         ICRA BB+     -       Withdrawn
(Issuer Not Cooperating)
Khedut Decor Pvt. Ltd.                  Fund based- CC        ICRA BB-     100     Withdrawn
Kohinoor Hospitals Pvt Ltd              FB – TL               ICRA B-      356.1   Reaffirmed
Kohinoor Hospitals Pvt Ltd              Unallocated Limits    ICRA B-      218     Reaffirmed
Kp Sanghvi Amp; Sons Llp                LT/ST, FB limits      ICRA         12100   Revised from
                                                              BBB+/ICRA A2         ICRA A-/ICRA
                                                                                   A2+
Merlin Buildcon (Gujarat) Llp           Overdraft Facility    ICRA         100     Withdrawn
                                                              BBB+(SO)
(Issuer Not Cooperating)
New World Landmark Llp                  Fund based-TL         ICRA BB+     1200    Revised from
                                                                                   ICRA BBB-
(Issuer Not Cooperating)
Ng Fertilizers Amp; Chemicals           LT: CC                ICRA BB+     460     -
Pvt Ltd
Rating continue to remain in ‘(Issuer Not Cooperating)
Ng Fertilizers Amp; Chemicals           LT: TL                ICRA BB+     200     -
Pvt Ltd
Rating continue to remain in ‘(Issuer Not Cooperating)
Piramal Enterprises Ltd                 LT - Fund Based TL    ICRA AA      24950   outstanding
Piramal Enterprises Ltd                 LT/ST Fund Based      ICRA AA      3000    outstanding
                                                              /ICRA A1+
Rama Cylinders Pvt Ltd                  FB limits – CC        ICRA BBB+    150     Upgraded
                                                                                   from ICRA BBB
Scorpios Apparels Pvt Ltd               LT/ST – Unallocated   ICRA BB/A4+  167.3   Reaffirmed
Securitrans India Pvt Ltd               FB - Working Capital  ICRA AA(SO)  400     Reaffirmed
                                        Fac                   / ICRA
                                                              A1+(SO)
Securitrans India Pvt Ltd               Non-fund              ICRA AA(SO)  400     Reaffirmed
                                        Based-Working Capital / ICRA
                                                              A1+(SO)
Shree Radhekrushna Ginning &            FB – TL               ICRA B       35.2    -
Pressing Pvt. Ltd
Rating continues to remain under ‘(Issuer Not Cooperating)
Shree Radhekrushna Ginning &            FB – CC               ICRA B       100     -
Pressing Pvt. Ltd
Rating continues to remain under ‘(Issuer Not Cooperating)
Standard Retail Pvt Ltd                 LT Fund Based         ICRA BBB     -       Reaffirmed
Vasundhara Developers                   TL                    ICRA B       100     -
Rating continues to remain under ‘(Issuer Not Cooperating)
Venkar Chemicals Pvt Ltd                LT – FBL              ICRA BB      140     -
Rating moved to the ‘(Issuer Not Cooperating)
Venkar Chemicals Pvt Ltd                LT/ST- Unallocated    ICRA BB /A4+ 29.5    -
                                        Limits
Rating moved to the ‘(Issuer Not Cooperating)
Yamuna Machine Works Ltd.               Fund based-TL         ICRA B+      24.1    -
Rating moved to the ‘(Issuer Not Cooperating)
Yamuna Machine Works Ltd.               Fund based-CC         ICRA B+      65      -
Rating moved to the ‘(Issuer Not Cooperating)
Ajay Protech Pvt Ltd                    Fund based-TL         ICRA BB-     13.5
Rating continues to remain under ‘Issuer Not Cooperating’ category
Ajay Protech Pvt Ltd                    Fund based-CC         ICRA BB-     150
Rating continues to remain under ‘Issuer Not Cooperating’ category
Alpha Design Technologies Pvt           LT TL                 ICRA BBB     470     outstanding
Ltd
Alpha Design Technologies Pvt           LT FB Working Capital ICRA BBB     510     outstanding
Ltd
Annapoorani Yarns                       LT: CC                ICRA B+      79
Continues to remain in non-cooperating category
Annapoorani Yarns                       TL                    ICRA B+      33.9
Continues to remain in non-cooperating category
Annapoorani Yarns                       Unallocated           ICRA         7.1
                                                              B+/ICRA A4
Continues to remain in non-cooperating category
Apar Charitable Trust For               LT/Fund Based - TL    ICRA B       -
Education And Research
Downgraded from ICRA B+
Autometers Alliance Ltd                 LT FB Bk Fac          ICRA BB+     400
Downgraded from ICRA BBB; outlook revised from Negative to Stable
Autometers Alliance Ltd                 LT non-FB Bk Fac      ICRA BB+     1350
Downgraded from ICRA BBB; outlook revised from Negative to Stable
Butterfly Gandhimathi                   Fund based: TL        ICRA BBB     250     Reaffirmed
Appliances Ltd
Candor Kolkata One Hi-Tech              NCDs                  ICRA A-(SO)  21000
Structures Pvt Ltd
provisional rating finalised
Cms Info Systems Ltd                    FB - Working Capital  ICRA AA /    1415    Reaffirmed
                                        Fac                   ICRA A1+
Cms Info Systems Ltd                    Non-fund Based -      ICRA AA /    1385    Reaffirmed
                                        Working Capital Fac   ICRA A1+
Commtel Networks Pvt Ltd                LT, FB Fac            ICRA BBB+    260     Reaffirmed
outlook revised from Stable
Commtel Networks Pvt Ltd                LT/ST Interchangeable ICRA         -       Reaffirmed
                                        Fac                   BBB+/ICRA A2
outlook revised from stable
Creations Jewellery                     Pre-Shipment Credit - ICRA         200     Reaffirmed
Manufacturing Pvt Ltd                   EPC/PCFC              BBB/ICRA A3+
Creations Jewellery                     Post-Shipment Credit  ICRA         250     Reaffirmed
Manufacturing Pvt Ltd                   - EBR                 BBB/ICRA A3+
Creations Jewellery                     Standby Line of       ICRA         90      Reaffirmed
Manufacturing Pvt Ltd                   Credit                BBB/ICRA A3+
Creations Jewellery                     Unallocated Limits    ICRA         5       Reaffirmed
Manufacturing Pvt Ltd                                         BBB/ICRA A3+
Dvara Kshetriya Gramin                  Bk Loans              ICRA BBB-    2000    Reaffirmed
Financial Services Pvt Ltd
Dvara Kshetriya Gramin                  Subordinated Debt     ICRA BBB-    300     Reaffirmed
Financial Services Pvt Ltd
Dvara Kshetriya Gramin                  NCDs                  ICRA BBB-    -       Withdrawn
Financial Services Pvt Ltd
Ess Kay Fincorp Ltd                     PTC Series A2         Provisional  11.6    Assigned
                                                              ICRA A-(SO)
Ess Kay Fincorp Ltd                     PTC Series A1         Provisional  335.4   Assigned
                                                              ICRA AA-(SO)
Eta Constructions (India) Ltd           Overdraft facility    ICRA BBB     50
Upgraded from       BBB-
Eta Constructions (India) Ltd           Non-FBL               ICRA BBB     50
Upgraded from       BBB-
Eta Constructions (India) Ltd           TL                    ICRA BBB     890
                                                              (SO)
Reassigned from       BBB-
Fitwel Tools And Forgings Pvt.          LT FBL                ICRA A-      227.5   Reaffirmed
Ltd.
Fitwel Tools And Forgings Pvt.          TL                    ICRA A-      200     Reaffirmed
Ltd.
Gajanand Rice Mill                      FB – CC               ICRA B+      80
Rating continues to remain under ‘Issuer Not Cooperating’ category
Gajanand Rice Mill                      Unallocated Limits    ICRA B+      101.7
Rating continues to remain under ‘Issuer Not Cooperating’ category
Genus Electrotech Ltd                   Fund Based – TL       ICRA BBB     330     Reaffirmed
Genus Electrotech Ltd                   Fund Based – CC       ICRA BBB     888     Reaffirmed
Genus Electrotech Ltd                   Non Fund Based – BG   ICRA BBB     180     Reaffirmed
Giesecke & Devrient India Pvt           LT – FB               ICRA BBB+    491     Reaffirmed
Ltd
Giesecke & Devrient India Pvt           LT and ST – Non-Fund  ICRA BBB+    1150    Reaffirmed
Ltd                                     Based                 /ICRA A2
Gmr Aero Technic Ltd                    NCDs (NCD)            ICRA AA      1750    Reaffirmed
                                                              (SO)
Gmr Aerospace Engineering Ltd           NCDs (NCD)            ICRA AA      1000    Reaffirmed
                                                              (SO)
Gujarat Cotfib                          Fund based-CC         ICRA D       137.5
Rating moved to the ‘Issuer Not Cooperating’ category
Gujarat Cotfib                          Non-FB Limits-BG CP   ICRA D       3.3
                                        Programme
Rating moved to the ‘Issuer Not Cooperating’ category
Healthium Medtech Pvt Ltd               LT/ST- Unallocated    ICRA A+ /A1  40      Reaffirmed
                                        Limits
Healthium Medtech Pvt Ltd               LT/ST-                ICRA A+ /A1  460     Reaffirmed
                                        Interchangeable Limits
Higher Education Financing              Issuer Rating         ICRA AA-     -       Reaffirmed
Agency
Hosley India Pvt Ltd                    LT – FB-TL            ICRA B+      10      Reaffirmed
Jia Auto Sales Pvt Ltd                  FB Limits – CC        ICRA C       170
Withdrawn; Issuer Not Cooperating
Jia Auto Sales Pvt Ltd                  FBL – TL              ICRA C       95
Withdrawn; Issuer Not Cooperating
Jinny Marine Traders                    FB- TL I              ICRA BB+     2.2     Withdrawn
Jinny Marine Traders                    FB- TL II             ICRA BB+     20.2    Withdrawn
Jinny Marine Traders                    Unallocated limits    ICRA BB+     0.1     Withdrawn
                                                              /A4+
Kitex Childrenswear Ltd                 FB -TL                ICRA AA-     17.2    Reaffirmed
Kitex Childrenswear Ltd                 Unallocated Fac       ICRA         293.1   Reaffirmed
                                                              AA-/ICRA A1+
Kitex Garments Ltd                      FB -TL                ICRA AA-     53.4    Reaffirmed
Kitex Garments Ltd                      Unallocated Fac       ICRA         376.8   Reaffirmed
                                                              AA-/ICRA A1+
Lb Cotton Industries Llp                Fund based-TL         ICRA D       50
Rating continues to remain under ‘Issuer Not Cooperating’ category
Lb Cotton Industries Llp                Fund based-CC         ICRA D       50
Rating continues to remain under ‘Issuer Not Cooperating’ category
Lok Enterprises                         Non-fund Based- LOC   ICRA D       100
Rating continues to remain under ‘Issuer Not Cooperating’ category
Lok Enterprises                         Fund based-CC         ICRA D       10^
Rating continues to remain under ‘Issuer Not Cooperating’ category
M R Agro Industries                     Exporter’s Gold Card  ICRA BB-     28
                                        Stand-by Limit
Upgraded from ICRA B+
M R Agro Industries                     CC^                   ICRA BB-     -
Upgraded from ICRA B+; ^Sublimit of PC cum PCFC cum/FBP/FBD/FCBP/FCBD
M.G. Brothers Industries Pvt            LT CC                 ICRA BB-     67.5
Ltd
Rating continue to remain in ‘Issuer Not Cooperating’ category
M.G. Brothers Industries Pvt            Unallocated Limits    ICRA BB-     32.5
Ltd
Rating continue to remain in ‘Issuer Not Cooperating’ category
Mangalmurti Bio-Chem Pvt Ltd            LT: Fund based – TL   ICRA B       39.9
Rating continues to remain in the ‘Issuer Not Cooperating’ category
Mangalmurti Bio-Chem Pvt Ltd            LT: Fund based – CC   ICRA B       20
Rating continues to remain in the ‘Issuer Not Cooperating’ category
Marks Engineering Works                 LT – Fundbased        ICRA BBB-    28.5
Rating continues to remain in the ‘Issuer Not Cooperating’ category
Motherson Sumi Systems Ltd              TL                    ICRA AA+     11082.7 Reaffirmed
outlook revised to Stable from Positive
Motherson Sumi Systems Ltd              FB Fac                ICRA         6000    Reaffirmed
                                                              AA+/ICRA A1+
outlook on long term rating revised to Stable from Positive
Motherson Sumi Systems Ltd              Non-fund based Bk Fac ICRA         1000    Reaffirmed
                                                              AA+/ICRA A1+
outlook on long term rating revised to Stable from Positive
Orb Energy Pvt Ltd                      LT – NCD              ICRA D       65      Withdrawn
Orb Energy Pvt Ltd                      LT – NCD              ICRA D       -       Withdrawn
(US$ 2.25 million)
Paramasivam Palanisamy                  LT – FB               ICRA D       238
Charitable Trust
Rating continues to remain in the ‘Issuer Not Cooperating’ category
Patel Oswal Housing                     Fund based-CC         ICRA D       120
Rating continues to remain in the ‘Issuer Not Cooperating’ category
Patel Wood Syndicate                    LT, FB - CC^          ICRA D       -
Withdrawn; Issuer Not Cooperating; ^Sublimit of Rs.9.00 crore of packing credit
Price Waterhouse & Co.                  LT FB Fac             ICRA AA      150     Reaffirmed
Bangalore Llp
Pricewaterhousecoopers Pvt Ltd          LT FB Fac             ICRA AA      7100    Reaffirmed
Quality Needles Pvt Ltd                 LT- Unallocated LimitsICRA A       300     Reaffirmed
Redington (India) Ltd                   Fund based - CC       ICRA AA      6150    Reaffirmed
Redington (India) Ltd                   LT/ST - Unallocated   ICRA         740     Reaffirmed
                                        Fac                   AA/ICRA A1+
Royals Marine Food Pvt Ltd              LT: Unallocated       ICRA B+      100     Assigned
Sama Jewellery Pvt Ltd                  LT – FBL              ICRA BB-     85
Rating continues to remain in the ‘Issuer Not Cooperating’ category
Sanoor Cashews                          FB - Working Capital  ICRA B       20
                                        Fac
revised from ICRA B+
Saptagiri Boiled And Raw Rice           CC                    ICRA B+      85      Assigned
Mill
Saptagiri Boiled And Raw Rice           Unallocated           ICRA B+      15      Assigned
Mill
Shree Govindam Prime Foods              LT/ Fund- Based /CC   ICRA BB      105
Pvt. Ltd
Rating continues to remain in the ‘Issuer Not Cooperating’ category
Skm Industries                          Fund based-TL         ICRA B+      5
Rating continues to remain under ‘Issuer Not Cooperating’ category
Skm Industries                          Fund based-CC         ICRA B+      12.5
Rating continues to remain under ‘Issuer Not Cooperating’ category
Sri Maharaja Industries                 LT – FB               ICRA D       50
Rating continues to remain in the ‘Issuer Not Cooperating’ category
Sri Maharaja Oil Imports And            LT – FB               ICRA D       140
Exports India Pvt Ltd
Rating continues to remain in the ‘Issuer Not Cooperating’ category
Sri Maharaja Oil Imports And            LT/ST – Unallocated   ICRA D/ICRA  10
Exports India Pvt Ltd                                         D
Rating continues to remain in the ‘Issuer Not Cooperating’ category
Sri Maharaja Refineries                 LT – FB               ICRA D       100
Rating continues to remain in the ‘Issuer Not Cooperating’ category
Srinath Agencies                        CC                    ICRA BB      87.5
Rating moved to the ‘Issuer Not Cooperating’ category
Srinath Agencies                        Unallocated           ICRA BB      112.5
Rating moved to the ‘Issuer Not Cooperating’ category
Suave Corporation (India) Pvt           LT Unallocated        ICRA B       100
Ltd
Rating continues to remain under ‘Issuer Not Cooperating’ category
Tablets (India) Ltd                     LT: FB Fac            ICRA A-      325     Reaffirmed
outlook revised to Positive from Stable
Tablets (India) Ltd                     Proposed LT Fac       ICRA A-      198     Reaffirmed
outlook revised to Positive from Stable
Thiru Margadarshi Construction          LT – Fund based       ICRA BB-     40
(P) Ltd.
Rating continues to remain in the ‘Issuer Not Cooperating’ category
Thiru Margadarshi Construction          LT unallocated Limits ICRA BB-     60
(P) Ltd.
Rating continues to remain in the ‘Issuer Not Cooperating’ category
Variety Lumbers Pvt Ltd                 CC                    ICRA B+      20
Rating moved ‘Issuer Not Cooperating’ category
Western Construction Co.                Fund based-TL         ICRA B+      1400
(Gujarat) Llp
Rating continues to remain under ‘Issuer Not Cooperating’ category
Woodhill Infrastructure Ltd             LT fundbased limits   ICRA BB+     630
Rating moved to the ‘Issuer Not Cooperating’ category
Woodhill Infrastructure Ltd             LT interchangeable    ICRA BB+     -
Rating moved to the ‘Issuer Not Cooperating’ category
Woodhill Infrastructure Ltd             LT/ Shortterm non-FBL ICRA BB+     1220
                                                              /ICRA A4+
Rating moved to the ‘Issuer Not Cooperating’ category
Woodhill Infrastructure Ltd             LT/ Shortterm         ICRA BB+     20
                                        unallocated           /ICRA A4+
Rating moved to the ‘Issuer Not Cooperating’ category
--------------------------------------------------------------------------------------------
$: 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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