July 25, 2018 / 11:16 AM / 4 months ago

RPT-ICRA ratings for Indian debt instruments-Jul 25

 (Repeating to add additional ratings)
    Jul 25 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of July 24, 2018.

COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------                        
Aromatics (India) Pvt Ltd               ShortTerm Non-fund    ICRA A4      50      -
                                        Based
(Reason for delay in carrying out periodic review:-Issuer delayed in giving information)
Bansal Fine Foodspvt Ltd                ST Non-FB Fac         ICRA A4      60      -
(Reason for delay in carrying out periodic review:-Review in process)
Bansal Fine Foodspvt Ltd                Interchangeable LimitsICRA A4      -       -
(Reason for delay in carrying out periodic review:-Review in process)
Robo Equipments And Forgings            Non Fund Based        ICRA]A4      10      -
Pvt Ltd
Skipperseil Ltd                         ST - Fund Based       ICRA A4+     180     -
(Reason for delay in carrying out periodic review?Issuer not cooperating)
Skipperseil Ltd                         ST - Non Fund Based   ICRA A4+     4.4     -
(Reason for delay in carrying out periodic review?Issuer not cooperating)
Vinayak Steels Ltd                      BG                    ICRA A4+     10      -
(Reason for delay in carrying out periodic review:-Review process is underway)
Vinayak Steels Ltd                      ILC                   ICRA A4+     30      -
(Reason for delay in carrying out periodic review:-Review process is underway)

Duroflex Pvtltd                         ST Non-fund Based     ICRA A2+     200     Assigned
Hydropack (India) Pvt Ltd               Non-FB Fac – BG       ICRA A4      25      Reaffirmed
Idfc Asset Management Co. Ltd           IDFC Ultra ST Fund    ICRA A1+mfs  -       Assigned
Idfc Asset Management Co. Ltd           IDFC Fixed Term Plan  ICRA A1+mfs  -       Outstanding
                                        – Series
Idfc Asset Management Co. Ltd           IDFC Cash Fund        ICRA A1+mfs  -       Outstanding
Minda Industries Ltd                    Non-FBL               ICRA A1+     370     -
Minda Industries Ltd                    CP programme          ICRA A1+     300     -
Prasuna Vamsikrishna Spinning           ST – fund based       ICRA A3+     -       Reaffirmed
Mills Pvt Ltd                           (sublimit)
Prasuna Vamsikrishna Spinning           Short-tern – non-fund ICRA A3+     2       Reaffirmed
Mills Pvt Ltd                           based
Shivalaya Construction Co.              Non-FB Fac            ICRA A2+     4000    Assigned
Pvt. Ltd.
Shivalaya Construction Co.              CP                    ICRA A2+     50      Assigned
Pvt. Ltd.

LONG TERM RATINGS:
-------------------
Ashiana Housing Ltd                     TL                    ICRA A       500     Outstanding
Ashiana Housing Ltd                     NCDs -                ICRA A       200     Assigned
Ashiana Housing Ltd                     NCDs                  ICRA A (SO)  1000    Outstanding
Aromatics (India) Pvt Ltd               LT Fund Based         ICRA BB-     200     -
(Reason for delay in carrying out periodic review:-Issuer delayed in giving information)
Asianlak Health Foods Ltd               LT Fund Based-CC      ICRA B+      48      -
(Reason for delay in carrying out periodic review?Issuer not cooperating)
Asianlak Health Foods Ltd               LT Fund Based-TL      ICRA B+      52      -
(Reason for delay in carrying out periodic review?Issuer not cooperating)
Bansal Fine Foodspvt Ltd                LT Fac                ICRA BB      300     -
(Reason for delay in carrying out periodic review:-Review in process)
Essvy Constructions India Pvt           CC                    ICRA BB+     60      -
Ltd
(Reasonfor delay in carrying out periodic review:-Review process is underway)
Essvy Constructions India Pvt           BG                    ICRA BB+     90      -
Ltd
(Reasonfor delay in carrying out periodic review:-Review process is underway)
Ibd Nalanda Infrastructure              Fund based            ICRA D       240     -
Pvt. Ltd
(Reason for delay in carrying out periodic review?Issuer not cooperating)
Ibd Nalanda Infrastructure              Unallocated           ICRA D       85.2    -
Pvt. Ltd
(Reason for delay in carrying out periodic review?Issuer not cooperating)
Jayashree Polymers Pvt Ltd              LT -FBL               ICRA BBB-    211.2   -
(Reason for delay in carrying out periodic review-Issuer not cooperating)
Jayashree Polymers Pvt Ltd              LT/ST–Fund            ICRA BBB-/A3 275     -
                                        based/Non-FBL
(Reason for delay in carrying out periodic review-Issuer not cooperating)
Laxmi Oil & Vanaspatipvt Ltd            Bk facilties          ICRA BBB-    300     -
*moved to Issuer not cooperating category due to non submission of monthly
 ‘No Default Statement’ (“NDS”) by the entity
Maa Sheetla Industries Pvt Ltd          LT FB Fac             ICRA B+      65      -
(Reason for delay in carrying out periodic review:-Issuer Not Cooperating)
Marudhara Polypack Pvt Ltd              LT Fund Based-Cash    ICRA BB-     45      -
(Reason for delay in carrying out periodic review?Issuer not cooperating)
Marudhara Polypack Pvt Ltd              LT Fund Based-Term LoaICRA BB-     62.5    -
(Reason for delay in carrying out periodic review?Issuer not cooperating)
N.R. Constructions                      FBL                   ICRA BB-     25      -
(Reason for delay in carrying out periodic review:-Issuer not cooperating)
N.R. Constructions                      NFBL                  ICRA BB-     85      -
(Reason for delay in carrying out periodic review:-Issuer not cooperating)
Nirmal Industriespvt Ltd                LT Fac                ICRA BB+     150     -
(Reason for delay in carrying out periodic review:-Review in process)
Nirmal Industriespvt Ltd                Unallocated Fac       ICRA BB+/A4+ 10      -
(Reason for delay in carrying out periodic review:-Review in process)
Pmv Maltingspvt Ltd                     Term-Loan Fac         ICRA B+      510     -
(Reason for delay in carrying out periodic review:-Review in process)
Pmv Maltingspvt Ltd                     Working-Capital Fac   ICRA B+      350     -
(Reason for delay in carrying out periodic review:-Review in process)
Pmv Maltingspvt Ltd                     UnallocatedLimits     ICRA B+      140     -
(Reason for delay in carrying out periodic review:-Review in process)
Popular Shoe Mart (1)                   Bk loan ratings       ICRA BB      120     -
(Reason for delay in carrying out periodic review:Issuer delayed in giving information)
Robo Equipments And Forgings            CC                    ICRA B+      120     -
Pvt Ltd
Robo Equipments And Forgings            TL                    ICRA B+      10.6    -
Pvt Ltd
Robo Equipments And Forgings            Unallocated           ICRA B+/A4   59.4    -
Pvt Ltd
Rohit Fabtex                            Working Capital Fac   ICRA B+      97      -
(Reason for delay in carrying out periodic review:-Issuer Not Cooperating)
Shree Jagdamba Poultry Pvt Ltd          BLR                   ICRA B/A4    115     -
(Reason for delay in carrying out periodic review:-Issuernot cooperating)
Skipperseil Ltd                         LT Fund BasedCC       ICRA BB+     230     -
(Reason for delay in carrying out periodic review?Issuer not cooperating)
Skipperseil Ltd                         LT Fund BasedTL       ICRA BB+     350     -
(Reason for delay in carrying out periodic review?Issuer not cooperating)
Skipperseil Ltd                         LT / ST - Non Fund    ICRA BB+/A4+ 1614.8  -
                                        Based
(Reason for delay in carrying out periodic review?Issuer not cooperating)
Skipperseil Ltd                         LT / ST – Unallocated ICRA BB+/A4+ 20.8    -
(Reason for delay in carrying out periodic review?Issuer not cooperating)
Solapur District Police                 LT: FBL               ICRA BB-     200     -
Employees Co-Operative Society
Ltd
(Reason for delay in carrying out periodic review:-Issuer not cooperating)
Transasia Bio-Medicals Ltd              LT/ST, FB/Non-FBL     ICRA AA-/A1+ 1320    -
(Reason for delay in carrying out periodic review:-Review process is underway)
Vinayak Steels Ltd                      CC                    ICRA BB+     270     -
(Reason for delay in carrying out periodic review:-Review process is underway)
Vinayak Steels Ltd                      TL                    ICRA BB+     155.4   -
(Reason for delay in carrying out periodic review:-Review process is underway)
Vinayak Steels Ltd                      Unallocated Limits    ICRA BB+     17.4    -
(Reason for delay in carrying out periodic review:-Review process is underway)
Duroflex Pvtltd                         LT TL                 ICRA A-      270     Assigned
Duroflex Pvtltd                         LT Fund Based         ICRA A-      250     Assigned
Hydropack (India) Pvt Ltd               FB TL                 -            -       -
Hydropack (India) Pvt Ltd               FB Fac –CC FB – TL    ICRA BB-     23      Reaffirmed -
Idfc Asset Management Co. Ltd           IDFC Money Manager    ICRA AAAmfs  -       Outstanding
                                        Fund
Mil Steel And Power Ltd                 LT-CC                 ICRA D       41      Reaffirmed
Mil Steel And Power Ltd                 LT –TL                ICRA D       87.4    Reaffirmed
Mil Steel And Power Ltd                 ST-Non fund Based     ICRA D       20      Reaffirmed
Mil Steel And Power Ltd                 LT/ST-Unallocated     ICRA D       38.9    Reaffirmed
Minda Industries Ltd                    TL                    ICRA AA      96      -
Minda Industries Ltd                    FBL – CC              ICRA AA      985     -
Minda Industries Ltd                    Unallocated Limits    ICRA AA      119     -
Prasuna Vamsikrishna Spinning           Fund based-TL         ICRA BBB     3.9     Reaffirmed
Mills Pvt Ltd
Prasuna Vamsikrishna Spinning           Fund based- CC        ICRA BBB     147.5   Reaffirmed
Mills Pvt Ltd
Prasuna Vamsikrishna Spinning           Non-FB                ICRA BBB     4.3     Reaffirmed
Mills Pvt Ltd
Prasuna Vamsikrishna Spinning           Unallocated           ICRA BBB     340.4   Reaffirmed
Mills Pvt Ltd
Pride & Expert Properties Pvt           Fund based- Overdraft ICRA BB      200     Reaffirmed
Ltd
Pride & Expert Properties Pvt           Unallocated           ICRA BB      200     Reaffirmed
Ltd
Shivalaya Construction Co.              FB - CCs              ICRA A-      450     Assigned
Pvt. Ltd.
Vaishnavi Lifecare Pvt. Ltd.            LT -Fund Based TL     ICRA B+      57.2    Upgraded
                                                                                   from ICRA C+
Removed from Issuer not cooperating category
Vaishnavi Lifecare Pvt. Ltd.            LT -Fund Based CC     ICRA B+      2.5     Upgraded
                                                                                   from ICRA C+
Removed from Issuer not cooperating category
Vaishnavi Lifecare Pvt. Ltd.            LT/ ST Unallocated    ICRA B+      6.3     Upgraded
                                                                                   from ICRA C+
                                                                                   / ICRA A4
Reaffirmed and removed from Issuer not cooperating category
Wave Distilleries And                   Fund based- CC        ICRA BB+     990     -
Breweries Ltd
Rating continues to remain in non-cooperating category
Wave Distilleries And                   Fund basedTL          ICRA BB+     1510    -
Breweries Ltd
Rating continues to remain in non-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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