July 30, 2019 / 10:45 AM / 2 months ago

RPT-ICRA ratings for Indian debt instruments-Jul 30

 (Repeating to add more ratings)
    Jul 30 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of July 29, 2019.


COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
A. R. Stanchem Pvt.Ltd                  FB – working capital  ICRA A2+     310     Withdrawn
                                        Fac
(Issuer Not Cooperating)
Apeejay Shipping Ltd                    CP                    ICRA A1+     -       Withdrawn
Apeejay Shipping Ltd                    FB – ST Loans         ICRA A1+     400     Outstanding
Bright Brothers Ltd                     ST: FB – Bill         ICRA A4+     300     Outstanding
                                        discounting
Canpex Chemicals Pvt Ltd                Non-fund based – LOC  ICRA A4+     70      -
(Reason for delay in carrying out periodic review: Issuer Not Cooperating)
Canpex Chemicals Pvt Ltd                Non-fund based – BG   ICRA A4+     29      -
(Reason for delay in carrying out periodic review: Issuer Not Cooperating)
Cibi International Pvt Ltd              Non-fund based        ICRA A4+     4       -
                                        facility
(Reason for delay in carrying out periodic review: Rating process underway)
Comstar Automotive                      ST Non fund based     ICRA A1+     120     Reaffirmed
Technologies Pvt Ltd
(Ratings continue to be on watch with developing implication)
Comstar Automotive                      ST Sub limit          ICRA A1+     -       Reaffirmed
Technologies Pvt Ltd
(Ratings continue to be on watch with developing implication)
Essel Mining & Industries Ltd           CP                    ICRA A1+     15000   Reaffirmed
Essel Mining & Industries Ltd           FBL                   ICRA A1+     1750    Reaffirmed
Essel Mining & Industries Ltd           Non-FBL               ICRA A1+     450     Reaffirmed
Flsmidth Pvt Ltd                        ST: FB                ICRA A1+     1500    -
(Reason for delay in carrying out periodic review. Should be one of the following - Review under
process)
Gugan Knitwears Pvt Ltd                 Non-fund based        ICRA A4+     1.6     -
                                        facility
(Reason for delay in carrying out periodic review: Rating process underway)
Housing And Urban Development           CP Programme          ICRA A1+     100000  Reaffirmed
Corporation Ltd.
Housing And Urban Development           Short-TL              ICRA A1+     45400   Reaffirmed
Corporation Ltd.
Ire-Tex Premier India Pvt Ltd           ST – Non-fund based – ICRA A4+     50      -
                                        Working Capital Fac
(Reason for delay in carrying out periodic review: Issuer delayed in giving information)
Jay Formulations Ltd                    EPC/FBD-Sublimit to   ICRA A4      -       -
                                        CC
(Rating continues to remain under ‘ISSUER NOT COOPERATING’ category)
Jay Formulations Ltd                    Non-Fund based -LimitsICRA A4      132.5   -
(Rating continues to remain under ‘ISSUER NOT COOPERATING’ category)
Jay Formulations Ltd                    BG -                  ICRA A4      -       -
(Rating continues to remain under ‘ISSUER NOT COOPERATING’ category)
Jay Shree Tea & Industries Ltd          Non-FBL               ICRA A3+     451.8   Downgraded
                                                                                   from ICRA A2
Jayalaxmi Enterprises                   ST - Fund Based       ICRA A4      62.5    -
(Rating continues to remain under ‘ISSUER NOT COOPERATING’ category)
Jayalaxmi Enterprises                   ST - Interchangeable  ICRA A4      -       -
(Rating continues to remain under ‘ISSUER NOT COOPERATING’ category)
Jell Pharmaceuticals Pvt Ltd            ST: Fund based        ICRA A2      107.5   -
(Rating moved to ‘Issuer Not Cooperating’ category)
Jell Pharmaceuticals Pvt Ltd            ST: Non-fund based    ICRA A2      300     -
(Rating moved to ‘Issuer Not Cooperating’ category)
Jindal Power Ltd                        ST FB                 ICRA A2      250     Downgraded
                                                                                   from ICRA A2+
Jindal Steel & Power Ltd                ST non-FB Bk Fac      ICRA A3      47000   Reaffirmed
Jindal Steel & Power Ltd                ST FB Bk Fac          ICRA A3      12618.7 Reaffirmed
Karnataka Roadlines Pvt Ltd             ST - Non Fund Based   ICRA A4+     5       -
(Rating continues to remain under ‘ISSUER NOT COOPERATING’ category)
Kishan Cotton Ginning &                 Export Packing Credit^ICRA A4      -       Withdrawn
Pressing Factory
^Sub limit of cash credit/Issuer Not Cooperating
Kotak Infrastructure Debt Fund          CP                    ICRA A1+     500     Reaffirmed
Ltd
Krishi Infratech                        ST - Non Fund Based   ICRA A4      230     -
(Rating continues to remain under ‘ISSUER NOT COOPERATING’ category)
Lakshmivel Mills Pvt Ltd                Fund based facility   ICRA A4+     150     -
(Reason for delay in carrying out periodic review: Rating process underway)
Mahindra & Mahindra Ltd                 ST, Non-FB Fac        ICRA A1+     3500    Reaffirmed
Mahindra Vehicle Manufacturers          CP                    ICRA A1+     6000    Reaffirmed
Ltd
National Collateral Management          CP                    ICRA A1+     3000    -
Services Ltd
(Reason for delay in carrying out periodic review: - Review Underway)
Oil And Natural Gas                     CP Prog               ICRA A1+     100000  Reaffirmed
Corporation Ltd
Peyush Traders                          Non FB limit          ICRA A4+     60      -
(Rating moved to the ‘Issuer Not Cooperating’ category)
Popular Vehicles And Services           ST: FB Fac            ICRA A4+     2840.5  Withdrawn
Pvt Ltd
(Issuer not cooperating)
Rr Construction And                     Non Fund based        ICRA A4      570     -
Infrastructure India Pvt Ltd
(Rating moved to the ‘Issuer Not Cooperating’ category)
Sadhu Forging Ltd                       ST - Non Fund Based   ICRA A3+     45      Reaffirmed
Saiwin Ceramic Pvt Ltd                  BG                    ICRA A4      10      -
(Rating continues to remain under ‘ISSUER NOT COOPERATING’ category)
Shree Shyam Designs Pvt. Ltd.           ST – Proposed         ICRA A4      100     -
                                        Non-fund Based
(Reason for delay in carrying out periodic review: Review process is underway)
Sobha Ltd                               CP                    ICRA A1      -       Withdrawn
Sparron Vitrified Llp                   Non FBBG              ICRA A4      30      -
(Reason for delay in carrying out periodic review: Issuer Not Cooperating)
Stock Holding Corporation Of            ST Bk Lines           ICRA A1+     22250   -
India Ltd
(Reason for delay in carrying out periodic review: - Review process is underway.)
Taurus Packaging Pvt Ltd                NFBL - BG             ICRA A4      15      -
(Reason for delay in carrying out periodic review: - Issuer not cooperating)
Tgs Investment And Trade Pvt            CP Programme          ICRA A1+     10500   -
Ltd
(Removed from watch with developing implication and withdrawn)
Trapti Trading And Investments          CP Programme          ICRA A1+     17500   -
Pvt Ltd
(Removed from watch with developing implication and withdrawn)
Tvs Industrial & Logistics              ST, FB Fac            ICRA A2+     200     Downgraded
Parks Pvt Ltd                                                                      from ICRA A1
Unicon Engineers                        ST – Non-Fund Based   ICRA A4      55      -
(Rating continues to remain under ‘ISSUER NOT COOPERATING’ category)
Viswateja Spinning Mills Ltd            ST - Fund Based       ICRA A4+     110     -
(Rating moved to the ‘Issuer Not Cooperating’ category)
Regen Powertech Pvt Ltd                 FB Bk Limits (ST)     ICRA D       500     -
(Rating continues to remain under ‘ISSUER NOT COOPERATING’ category)
Regen Powertech Pvt Ltd                 Non-fund Based Bk     ICRA D       15300   -
                                        Limits (ST)
(Rating continues to remain under ‘ISSUER NOT COOPERATING’ category)


MEDIUM TERM RATINGS:
-------------------
Bright Brothers Ltd                     Medium-term: Fixed    MB+          18.6    Withdrawn
                                        deposit programme
Housing And Urban Development           Fixed Deposit         MAAA         -       Reaffirmed
Corporation Ltd.                        Programme



LONG TERM RATINGS:
-------------------
A. R. Stanchem Pvt.Ltd                  FB – TL               ICRA A-      11      Withdrawn
Issuer Not Cooperating
Ansaldo Caldaie Boilers India           Fund based - CC       ICRA C       100     Withdrawn
Pvt Ltd
Ansaldo Caldaie Boilers India           Fund based - TL       ICRA C       150     Withdrawn
Pvt Ltd
Apeejay Shipping Ltd                    FB- Bk Fac            ICRA AA-     350     Outstanding
Apeejay Shipping Ltd                    FB – TL               ICRA AA-     2200    Outstanding
Apeejay Shipping Ltd                    FB – TL               ICRA AA-     -       Outstanding
Apeejay Shipping Ltd                    Non-fund based        ICRA AA-     -       Outstanding
Apeejay Shipping Ltd                    Non-fund based        ICRA AA-/A1+ 20      Outstanding
Asopalav Developers                     CC Fac                ICRA B+      200     -
(Reason for delay in carrying out periodic review: Issuer Not Cooperating)
Au Small Finance Bank Ltd               Bk Lines              ICRA AA-     800     -
(Reason for delay in carrying out periodic review: Rating process underway)
Au Small Finance Bank Ltd               NCDs                  ICRA AA-     3200    -
(Reason for delay in carrying out periodic review: Rating process underway)
Au Small Finance Bank Ltd               Sub. Debt Programme   ICRA AA-     350     -
(Reason for delay in carrying out periodic review: Rating process underway)
B.V.L. Exports Pvt Ltd                  BLR                   ICRA B       1250    -
(Reason for delay in carrying out periodic review: Issuer Not Cooperating)
Bhansali & Co.                          Bk Fac                ICRA BB+/A4+ 1500    -
(Reason for delay in carrying out periodic review: Review process is underway)
Bhaurao Chavan Sahakari Sakhar          BLR                   ICRA BB-     1900    -
Karkhana Ltd
(Reason for delay in carrying out periodic review: Issuer Not Cooperating)
Bright Brothers Ltd                     Issuer rating         ICRA BB      -       Withdrawn
Bright Brothers Ltd                     LT: FB – TL           ICRA BB      89.7    Outstanding
Canpex Chemicals Pvt Ltd                Fund based –CC        ICRA BB+     20      -
(Reason for delay in carrying out periodic review: Issuer Not Cooperating)
Chennai United Metal                    LT - Fund Based       ICRA BB      150     -
Industries Pvt Ltd
(Rating continues to remain under ‘ISSUER NOT COOPERATING’ category)
Cibi International Pvt Ltd              CC                    ICRA BB+     250     -
(Reason for delay in carrying out periodic review: Rating process underway)
Cibi International Pvt Ltd              TL                    ICRA BB+     45      -
(Reason for delay in carrying out periodic review: Rating process underway)
Cibi International Pvt Ltd              Unallocated facility  ICRA BB+/A4+ 5       -
(Reason for delay in carrying out periodic review: Rating process underway)
Comstar Automotive                      LT Fund based         ICRA AA-     350     Reaffirmed
Technologies Pvt Ltd
Dhansmruti Textiles Pvt Ltd             Bk Loan Rating        ICRA B+/     475     -
                                                              ICRA A4
(Reason for delay in carrying out periodic review: - Issuer delayed in giving information)
Eastern Surgical Company                Bk loan Ratings       ICRA BB /    120     -
                                                              ICRA A4
(Reason for delay in carrying out periodic review: Review process is underway)
Elite Shelters                          Bk Loan Rating        ICRA B+      350     -
(Reason for delay in carrying out periodic review: - Issuer delayed in giving information)
Fjm Cylinders Pvt Ltd                   TL                    ICRA BB+     182.2   Reaffirmed
Fjm Cylinders Pvt Ltd                   FB Limits             ICRA BB+/A4+ 140     Reaffirmed
Fjm Cylinders Pvt Ltd                   Non-FBL               ICRA BB+/A4+ 60      Reaffirmed
Fjm Cylinders Pvt Ltd                   Unallocated           ICRA BB+/A4+ 405.3   Reaffirmed
Flsmidth Pvt Ltd                        LT: CC                ICRA A+      1010    -
(Reason for delay in carrying out periodic review. Should be one of the following - Review under
process)
Flsmidth Pvt Ltd                        Longterm/ST: BG       ICRA A+/A1+  10082.5 -
(Reason for delay in carrying out periodic review. Should be one of the following - Review under
process)
Flsmidth Pvt Ltd                        Longterm/ST:          ICRA A+/A1+  4107.5  -
                                        Unallocated
(Reason for delay in carrying out periodic review. Should be one of the following - Review under
process)
Graduate Agro And Mechanical            BLR                   ICRA BB-/    186.5
Engineers                                                     ICRA A4
(Reason for delay in carrying out periodic review: - Issuer not cooperating)
Gruham Exotica                          BLR                   ICRA B+      150     -
(Reason for delay in carrying out periodic review: - Issuer not cooperating)
Gugan Knitwears Pvt Ltd                 TL                    ICRA BB+     43.7    -
(Reason for delay in carrying out periodic review: Rating process underway)
Gugan Knitwears Pvt Ltd                 Fund based            ICRA BB+     45      -
(Reason for delay in carrying out periodic review: Rating process underway)
Gugan Knitwears Pvt Ltd                 Unallocated facility  ICRA BB+     169.7   -
(Reason for delay in carrying out periodic review: Rating process underway)
House Of Anita Dongre Ltd               LT FB limits          ICRA A+      60      Reaffirmed
House Of Anita Dongre Ltd               LT/ST FB limits       ICRA A+/A1+  100     Reaffirmed
House Of Anita Dongre Ltd               LT/ST unallocated     ICRA A+/A1+  40      Reaffirmed
Housing And Urban Development           LT Borrowing          ICRA AAA     300000  Reaffirmed
Corporation Ltd.                        Programme FY2020
Housing And Urban Development           LT Borrowing          ICRA AAA     311187.6Reaffirmed
Corporation Ltd.                        Programmes up to
                                        FY2019
Housing And Urban Development           Fund Based – TL       ICRA AAA     56500   Reaffirmed
Corporation Ltd.
Housing And Urban Development           Fund Based – CC       ICRA AAA     39000   Reaffirmed
Corporation Ltd.
Housing And Urban Development           Non-fund Based        ICRA AAA     11125.6 Reaffirmed
Corporation Ltd.
Housing And Urban Development           Unallocated           ICRA AAA/A1+ 97974.4 Reaffirmed
Corporation Ltd.
Ibd Universal Pvt. Ltd.                 LT - Fund Based TL    ICRA D       220     -
(Rating continues to remain under ‘ISSUER NOT COOPERATING’ category)
Ibd Universal Pvt. Ltd.                 LT - Fund Based/ CC   ICRA D       50      -
(Rating continues to remain under ‘ISSUER NOT COOPERATING’ category)
Ibd Universal Pvt. Ltd.                 LT - Unallocated      ICRA D       270     -
(Rating continues to remain under ‘ISSUER NOT COOPERATING’ category)
Ihhr Hospitality Pvt Ltd                FB - TL               ICRA BBB     2487    Revised from
                                                                                   ICRA BBB+
Ihhr Hospitality Pvt Ltd                FB - Working Capital  ICRA BBB     100     Revised from
                                        Fac                                        ICRA BBB+
Ire-Tex Premier India Pvt Ltd           LT – FB – CC          ICRA BB      40      -
(Reason for delay in carrying out periodic review: Issuer delayed in giving information)
Ire-Tex Premier India Pvt Ltd           LT – FB – TL          ICRA BB      45      -
(Reason for delay in carrying out periodic review: Issuer delayed in giving information)
Ire-Tex Premier India Pvt Ltd           LT/ST – Unallocated   ICRA BB /A4+ 5       -
(Reason for delay in carrying out periodic review: Issuer delayed in giving information)
Jalan Synthetics                        CC                    ICRA BB-     140
Issuer Not Cooperating
Jay Formulations Ltd                    Fund based - CC       ICRA BB-     140     -
(Rating continues to remain under ‘ISSUER NOT COOPERATING’ category)
Jay Formulations Ltd                    Fund based - TL       ICRA BB-     130     -
(Rating continues to remain under ‘ISSUER NOT COOPERATING’ category)
Jay Formulations Ltd                    Sublimit to LC        ICRA BB- /   0.7     -
                                        Unallocated limits    A4
(Rating continues to remain under ‘ISSUER NOT COOPERATING’ category)
Jay Shree Tea & Industries Ltd          FB -TL                ICRA BBB     894.9   Downgraded
                                                                                   from ICRA
                                                                                   BBB+
Jay Shree Tea & Industries Ltd          FB - Working Capital  ICRA BBB/A3+ 2700    Downgraded
                                        Fac                                        from ICRA
                                                                                   BBB+/A2
Jayalaxmi Enterprises                   LT - Fund Based/ CC   ICRA B+      12.5    -
(Rating continues to remain under ‘ISSUER NOT COOPERATING’ category)
Jell Pharmaceuticals Pvt Ltd            LT: Fund based – CC   ICRA BBB+    27.5    -
(Rating moved to ‘Issuer Not Cooperating’ category)
Jindal Power Ltd                        LT FB TL              ICRA BBB+    68639.4 Downgraded
                                                                                   from ICRA A-
Jindal Power Ltd                        LT FB CC              ICRA BBB+    6500    Downgraded
                                                                                   from ICRA A-
Jindal Power Ltd                        LT non-FB             ICRA BBB+    7100    Downgraded
                                                                                   from ICRA A-
Jindal Power Ltd                        Unallocated           ICRA BBB+    11390.6 Downgraded
                                                                                   from ICRA A-
Jindal Power Ltd                        NCDs                  ICRA BBB+    3350    Downgraded
                                                                                   from ICRA A-
Jindal Steel & Power Ltd                LT unallocated        ICRA BBB-    -       Reaffirmed
Jindal Steel & Power Ltd                NCDs (NCD)            ICRA BBB-    14472   Reaffirmed
Jindal Steel & Power Ltd                LT FB Bk Fac          ICRA BBB-    153577.8Reaffirmed
Jindal Steel & Power Ltd                LT non-FB Bk Fac      ICRA BBB-    11000   Reaffirmed
Jindal Steel & Power Ltd                LT/ST Unallocated     ICRA BBB-/A3 27500   Reaffirmed
Kanwarji Construction Co                LT fund based         ICRA BB+     85      -
(Reason for delay in carrying out periodic review: - Issuer not cooperating)
Kanwarji Construction Co                LT/ST non fund based  ICRA BB+/A4  560     -
(Reason for delay in carrying out periodic review: - Issuer not cooperating)
Karda Constructions Ltd                 LT - FB – TL          ICRA BB-     310     Reaffirmed
Karda Constructions Ltd                 LT - FB – CC          ICRA BB-     330     Reaffirmed
Karda Constructions Ltd                 LT – NCD/Debt         ICRA BB-     500     Assigned
Karda Constructions Ltd                 LT/ST - Fund          ICRA BB-/A4  360     Reaffirmed
                                        based/Non-fund based
Karnataka Roadlines Pvt Ltd             LT - Fund Based/ CC   ICRA BB+     500     -
(Rating continues to remain under ‘ISSUER NOT COOPERATING’ category)
Kavan Cotton Pvt Ltd                    Fund based - CC       ICRA D       400     -
(Rating continues to remain under ‘ISSUER NOT COOPERATING’ category)
Kavan Cotton Pvt Ltd                    Fund Based - TL       ICRA D       15      -
(Rating continues to remain under ‘ISSUER NOT COOPERATING’ category)
Kishan Cotton Ginning &                 CC                    ICRA B       120     Withdrawn
Pressing Factory
Issuer Not Cooperating
Kishan Cotton Ginning &                 TL                    ICRA B       5.2     Withdrawn
Pressing Factory
Issuer Not Cooperating
Kishan Cotton Ginning &                 Unallocated Limits    ICRA B       5.8     Withdrawn
Pressing Factory
Issuer Not Cooperating
Kissan Poultry (India) Pvt Ltd          CC                    ICRA D       100
Issuer Not Cooperating
Kissan Poultry (India) Pvt Ltd          TL                    ICRA D       36.1
Issuer Not Cooperating
Klr Industries Ltd.                     FBL                   ICRA D       285     -
(Rating continues to remain under ‘ISSUER NOT COOPERATING’ category)
Klr Industries Ltd.                     Non-FBL               ICRA D       125     -
(Rating continues to remain under ‘ISSUER NOT COOPERATING’ category)
Kotak Infrastructure Debt Fund          NCD Programme         ICRA AAA     5000    Assigned
Ltd
Kotak Infrastructure Debt Fund          NCD Programme         ICRA AAA     5000    Reaffirmed
Ltd
Krishi Infratech                        LT - Fund Based/ CC   ICRA BB      50      -
(Rating continues to remain under ‘ISSUER NOT COOPERATING’ category)
L&T Interstate Road Corridor            NCD Programme (STRPP  ICRA AAA     1550    Reaffirmed
Ltd                                     10-18)
L&T Interstate Road Corridor            NCD Programme (STRPP  ICRA AAA     -       Withdrawn
Ltd                                     8,9)
Lakshmidurga Textiles Pvt Ltd           Fund based-CC         ICRA B+      105     -
(Reason for delay in carrying out periodic review: Review process under way)
Lakshmidurga Textiles Pvt Ltd           Fund based - TL       ICRA B+      15      -
(Reason for delay in carrying out periodic review: Review process under way)
Lakshmidurga Textiles Pvt Ltd           Unallocated Limits    ICRA B+      5       -
(Reason for delay in carrying out periodic review: Review process under way)
Lakshmivel Mills Pvt Ltd                TL                    ICRA BB+     105.2   -
(Reason for delay in carrying out periodic review: Rating process underway)
Lakshmivel Mills Pvt Ltd                Fund based            ICRA BB+     220     -
(Reason for delay in carrying out periodic review: Rating process underway)
Lakshmivel Mills Pvt Ltd                Unallocated facility  ICRA BB+     44.8    -
(Reason for delay in carrying out periodic review: Rating process underway)
Lendingkart Finance Ltd -               PTC Series A1         ICRA BBB+    -       Withdrawn
Triumphal Northern Arc 2018
Magppie Exports Pvt Ltd                 LT – Fund based – CC  ICRA D       195     Downgraded
                                                                                   from ICRA B
Issuer Not Cooperating
Mahadev Weaving Industries Llp          Fund based - CC       ICRA B-      25      -
(Rating continues to remain under ‘ISSUER NOT COOPERATING’ category)
Mahadev Weaving Industries Llp          Fund based - TL       ICRA B-      84.6    -
(Rating continues to remain under ‘ISSUER NOT COOPERATING’ category)
Mahadev Weaving Industries Llp          Unallocated           ICRA B-      10.4    -
(Rating continues to remain under ‘ISSUER NOT COOPERATING’ category)
Mahindra & Mahindra Ltd                 NCD Programme         ICRA AAA     5000    Reaffirmed
Mahindra & Mahindra Ltd                 LT, FB Fac            ICRA AAA     650     Reaffirmed
Mahindra & Mahindra Ltd                 LT, Non-FB Fac        ICRA AAA     1100    Reaffirmed
Mahindra Vehicle Manufacturers          NCD programme         ICRA AAA     3500    Reaffirmed
Ltd
Mahindra Vehicle Manufacturers          LT, term-loan Fac     ICRA AAA     1000    Reaffirmed
Ltd
Mahindra Vehicle Manufacturers          LT, FB Fac            ICRA AAA     3500    Reaffirmed
Ltd
Majhaulia Sugar Industries Pvt          FB -TL                ICRA BBB     500     Downgraded
Ltd                                                                                from ICRA
                                                                                   BBB+
Majhaulia Sugar Industries Pvt          FB - Working Capital  ICRA BBB     300     Downgraded
Ltd                                     Fac                                        from ICRA
                                                                                   BBB+
Majhaulia Sugar Industries Pvt          Unallocated limits    ICRA BBB     100     Downgraded
Ltd                                                                                from ICRA
                                                                                   BBB+
Manjeet Fibers Pvt Ltd                  Bk Loan Ratings       ICRA BBB-    563     -
(Reason for delay in carrying out periodic review: Issuer Not Cooperating)
Mankind Biosys Pvt Ltd                  Fund based - TL       ICRA A       290     Assigned
Mantram Technofab Pvt Ltd               Bk Loan Ratings       ICRA BB+     300     -
(Reason for delay in carrying out periodic review: Issuer Not Cooperating)
Maruti Nouveauknits Pvt Ltd             BLR                   ICRA B/A4    117.2   -
(Reason for delay in carrying out periodic review: - Issuer not cooperating)
Mateswari Royalties                     Non-Fund based        ICRA B+      50      -
(Reason for delay in carrying out periodic review - Issuer not cooperating on fee and info)
Mini Hotels & Projects                  Unallocated           ICRA D/D     65      -
(Rating continues to remain under ‘ISSUER NOT COOPERATING’ category)
National Collateral Management          Bk Lines              ICRA A+      1000    -
Services Ltd
(Reason for delay in carrying out periodic review: - Review Underway)
North East Transmission Co. Ltd         FB TL                 ICRA AA+     13009.3 Reaffirmed
North East Transmission Co. Ltd         Unallocated           ICRA AA+     3393.8  Reaffirmed
Nsn Reddy Rice Industry                 Bk Loan Ratings       ICRA BB      340     -
(Reason for delay in carrying out periodic review: Issuer Not Cooperating)
Ochre And Black Pvt Ltd                 LT/ST FBL             ICRA A+/A1+  300     Assigned
Ovis Equipments Pvt Ltd                 Fund based - CC       ICRA BB-     100     -
(Rating moved to the ‘Issuer Not Cooperating’ category)
Ovis Equipments Pvt Ltd                 Non-Fund based        ICRA BB-     110     -
(Rating moved to the ‘Issuer Not Cooperating’ category)
Ovis Equipments Pvt Ltd                 Unallocated           ICRA BB-     89.5    -
(Rating moved to the ‘Issuer Not Cooperating’ category)
P Kishanchand Textiles Ltd              Bk Loans              ICRA B /     150     -
                                                              ICRA A4
(Reason for delay in carrying out periodic review – Review process is underway)
Peyush Traders                          FB limit              ICRA BB      50      -
(Rating moved to the ‘Issuer Not Cooperating’ category)
Popular Vehicles And Services           LT: TL Fac            ICRA BB+     401.9   Withdrawn
Pvt Ltd
(Issuer not cooperating)
Popular Vehicles And Services           LT: FB Fac            ICRA BB+     190     Withdrawn
Pvt Ltd
(Issuer not cooperating)
Popular Vehicles And Services           LT: Non-FB Fac        ICRA BB+     153.2   Withdrawn
Pvt Ltd
(Issuer not cooperating)
Popular Vehicles And Services           LT/ST: Proposed Fac   ICRA BB+ /   164.4   Withdrawn
Pvt Ltd                                                       A4+
(Issuer not cooperating)
Praveen Electrical Works                LT - Fund Based/ CC   ICRA B+      50      -
(Rating continues to remain under ‘ISSUER NOT COOPERATING’ category)
Praveen Electrical Works                LT - NonFund Based    ICRA B+      90      -
(Rating continues to remain under ‘ISSUER NOT COOPERATING’ category)
Praveen Electrical Works                LT / ST - Unallocated ICRA B+/A4   60      -
(Rating continues to remain under ‘ISSUER NOT COOPERATING’ category)
Ptpl Tubing & Products Pvt.             Bk loan Ratings       ICRA BB+     190     -
Ltd.
(Reason for delay in carrying out periodic review: Issuer Not Cooperating)
R. S. Motors Pvt Ltd                    FB                    ICRA BB      300     -
(Reason for delay in carrying out periodic review - Issuer not cooperating on fee and info)
Regen Powertech Pvt Ltd                 Long-TL               ICRA D       250     -
(Rating continues to remain under ‘ISSUER NOT COOPERATING’ category)
Regen Powertech Pvt Ltd                 External commercial   ICRA D       -       -
                                        borrowings (LT)
(Rating continues to remain under ‘ISSUER NOT COOPERATING’ category)
Regen Powertech Pvt Ltd                 FB Bk Limits (LT)     ICRA D       3500    -
(Rating continues to remain under ‘ISSUER NOT COOPERATING’ category)
Rr Construction And                     CC                    ICRA BB      270     -
Infrastructure India Pvt Ltd
(Rating moved to the ‘Issuer Not Cooperating’ category)
Rr Construction And                     Unallocated           ICRA BB      10      -
Infrastructure India Pvt Ltd
(Rating moved to the ‘Issuer Not Cooperating’ category)
Sadhu Forging Ltd                       LT - Fund Based TL    ICRA BBB     145.5   Reaffirmed
Sadhu Forging Ltd                       LT / ST - Fund Based  ICRA BBB/A3+ 750     Reaffirmed
Sadhu Forging Ltd                       LT / ST – Unallocated ICRA BBB/A3+ 59.5    Reaffirmed
Sai-Laxmi Texofab                       BLR                   ICRA B+/A4   99.9    -
(Rating continues to remain under ‘ISSUER NOT COOPERATING’ category)
Saiwin Ceramic Pvt Ltd                  CC                    ICRA B       40      -
(Rating continues to remain under ‘ISSUER NOT COOPERATING’ category)
Saiwin Ceramic Pvt Ltd                  TL                    ICRA B       72.7    -
(Rating continues to remain under ‘ISSUER NOT COOPERATING’ category)
Samdariya Abhushan Pvt Ltd              FB                    ICRA B+      250     -
(Reason for delay in carrying out periodic review - Issuer not cooperating on fee and info)
Samdariya Abhushan Pvt Ltd              Unallocated           ICRA B+      250     -
(Reason for delay in carrying out periodic review - Issuer not cooperating on fee and info)
Santosh Enterprises                     Bk Loan Rating        ICRA B/A4    69.5    -
(Reason for delay in carrying out periodic review: - Issuer delayed in giving information)
Sargam Metals Pvt Ltd                   LT - FB Fac           ICRA D       300     -
(Rating continues to remain under ‘ISSUER NOT COOPERATING’ category)
Sargam Metals Pvt Ltd                   LT - Fund Based TL    ICRA D       25      -
(Rating continues to remain under ‘ISSUER NOT COOPERATING’ category)
Sargam Metals Pvt Ltd                   ST - Non-FB Fac       ICRA D       85      -
(Rating continues to remain under ‘ISSUER NOT COOPERATING’ category)
Satya Microcapital Ltd -                PTC Series A1         Provisional  242.5   Assigned
Northern Arc 2019 Mfi Flynn                                   ICRA A
Satya Microcapital Ltd -                PTC Series A2         Provisional  19.4    Assigned
Northern Arc 2019 Mfi Flynn                                   ICRA BBB+
Seth Ramji Das Modi Vidya               LT Fundbased CC       ICRA BB      100     -
Niketan Society
(Reason for delay in carrying out periodic review: Review process is underway)
Seth Ramji Das Modi Vidya               LT Fundbased TL       ICRA BB      25      -
Niketan Society
(Reason for delay in carrying out periodic review: Review process is underway)
Seth Ramji Das Modi Vidya               LT Unallocated Limits ICRA BB      65      -
Niketan Society
(Reason for delay in carrying out periodic review: Review process is underway)
Shapoorji Pallonji Solar Pv             TL                    ICRA BBB-    1900    Reaffirmed
Pvt Ltd
Shiva Structures Pvt Ltd                Shiva Structures Pvt  ICRA B-/     225     -
                                        Ltd                   ICRA A4
(Reason for delay in carrying out periodic review: - Issuer delayed in giving information)
Shree Hari Yarns Pvt Ltd                Fund based – CC       ICRA BB/A4+  150     -
(Reason for delay in carrying out periodic review: Issuer Not Cooperating)
Shree Rajendra Agro Industries          LT - Fund Based/ CC   ICRA B+      50      -
(Rating continues to remain under ‘ISSUER NOT COOPERATING’ category)
Shree Rajendra Agro Industries          LT - Fund Based TL    ICRA B+      4.9     -
(Rating continues to remain under ‘ISSUER NOT COOPERATING’ category)
Shree Rajendra Agro Industries          LT - Unallocated      ICRA B+      45.1    -
(Rating continues to remain under ‘ISSUER NOT COOPERATING’ category)
Shree Shyam Designs Pvt. Ltd.           LT – Proposed Fund    ICRA BB-     100     -
                                        Based
(Reason for delay in carrying out periodic review: Review process is underway)
Shree Shyam Designs Pvt. Ltd.           LT/STUnallocated      ICRA BB-/A4  50      -
                                        limits
(Reason for delay in carrying out periodic review: Review process is underway)
Silk Woven Sack Pvt. Ltd.               FB – CC Limit         ICRA D       15      Withdrawn
(Rating continues to remain under ‘ISSUER NOT COOPERATING’ category)
Silk Woven Sack Pvt. Ltd.               FB – TL               ICRA D       50      Withdrawn
(Rating continues to remain under ‘ISSUER NOT COOPERATING’ category)
Siri Tecon                              Bk loan Ratings       ICRA BB-/A4  100     -
(Reason for delay in carrying out periodic review: Issuer Not Cooperating)
Sizzling Beverages Pvt Ltd              Issuer Ratin          ICRA D       -       -
(ISSUER NOT COOPERATING; Put on notice of withdrawal for 30 days)
Sobha Ltd                               FB - TL               ICRA A+      25984   Reaffirmed
Sobha Ltd                               FB – Working Capital  ICRA A+      8900    Reaffirmed
Sobha Ltd                               Non-FB Fac            ICRA A+      7333    Reaffirmed
Sobha Ltd                               NCDs                  ICRA A+      1400    Reaffirmed
Solidus Hi -Tech Products Pvt           Bk Loan Rating        ICRA BB/A4   270     -
Ltd
(Reason for delay in carrying out periodic review: - Issuer delayed in giving information)
Sparron Vitrified Llp                   FB-CC                 ICRA B+      60      -
(Reason for delay in carrying out periodic review: Issuer Not Cooperating)
Sparron Vitrified Llp                   FB-TL                 ICRA B+      260     -
(Reason for delay in carrying out periodic review: Issuer Not Cooperating)
Sri Venkateswara Aerospace              LT - Fund Based       ICRA B+      26.6    -
(Pvt) Ltd
(Rating continues to remain under ‘Issuer NotCooperating’ category)
Sri Venkateswara Aerospace              LT / ST – Non-Fund    ICRA B+/A4   200     -
(Pvt) Ltd                               Based
(Rating continues to remain under ‘Issuer NotCooperating’ category)
Sri Venkateswara Aerospace              LT / ST – Unallocated ICRA B+/A4   13.4    -
(Pvt) Ltd
(Rating continues to remain under ‘Issuer NotCooperating’ category)
St. George’S Education Society          LT – Fund Based/TL    ICRA BBB-    750     Reaffirmed
Taurus Packaging Pvt Ltd                Fund based- CC        ICRA BB      65      -
(Reason for delay in carrying out periodic review: - Issuer not cooperating)
Taurus Packaging Pvt Ltd                Fund based-TL         ICRA BB      16      -
(Reason for delay in carrying out periodic review: - Issuer not cooperating)
Taurus Packaging Pvt Ltd                Unallocated Limits    ICRA BB/A4   4       -
(Reason for delay in carrying out periodic review: - Issuer not cooperating)
Tgs Investment And Trade Pvt            NCD Programme         ICRA AA-     5000    -
Ltd
(Removed from watch with developing implication and withdrawn)
Tvs Industrial & Logistics              Long-TL               ICRA A-      9600    Downgraded
Parks Pvt Ltd                                                                      from ICRA A
Tvs Industrial & Logistics              LT, FB Fac            ICRA A-      200     Downgraded
Parks Pvt Ltd                                                                      from ICRA A
Unicon Engineers                        LT - Fund Based – CC  ICRA B+      72      -
(Rating continues to remain under ‘ISSUER NOT COOPERATING’ category)
Unicon Engineers                        LT/ ST – Unallocated  ICRA B+/A4   63      -
(Rating continues to remain under ‘ISSUER NOT COOPERATING’ category)
Viswateja Spinning Mills Ltd            LT-Fund BasedCC       ICRA BB+     240     -
(Rating moved to the ‘Issuer Not Cooperating’ category)
Viswateja Spinning Mills Ltd            LT - Fund Based TL    ICRA BB+     186     -
(Rating moved to the ‘Issuer Not Cooperating’ category)
Viswateja Spinning Mills Ltd            LT – Non-Fund Based   ICRA BB+     93      -
(Rating moved to the ‘Issuer Not Cooperating’ category)
Viswateja Spinning Mills Ltd            LT / ST - Unallocated ICRA BB+/A4+ 1       -
(Rating moved to the ‘Issuer Not Cooperating’ category)
Viswateja Spinning Mills Ltd            LT / ST -             ICRA BB+/A4+ -       -
                                        Interchangeable
(Rating moved to the ‘Issuer Not Cooperating’ category)
White-Tone Micron Pvt. Ltd.             Fund based - CC       ICRA B       15      -
(Rating continues to remain under ‘ISSUER NOT COOPERATING’ category)
White-Tone Micron Pvt. Ltd.             Fund Based - TL       ICRA B       62.5    -
(Rating continues to remain under ‘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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