July 31, 2019 / 11:39 AM / 2 months ago

RPT-ICRA ratings for Indian debt instruments-Jul 31

 (Repeating to add more ratings.)
    Jul 31 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of July 30, 2019.


COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Aggarwal And Company                    ST-Non-Fund Based     ICRA A4      200     -
(Rating continues to remain under ‘ISSUER NOT COOPERATING’ category)
Aparna Enterprises Ltd                  Non-FBL               ICRA A2+     250     -
(Reason for delay in carrying out periodic review: Review process is underway)
Aryan Packaging Products Pvt.           Unallocated limits    ICRA A4      31.9    Reaffirmed
Ltd
Aryan Paper Mills Pvt. Ltd              Non-fund Based - LC   ICRA A3+     40      Reaffirmed
Aryan Paper Mills Pvt. Ltd              CEL                   ICRA A3+     3.3     Reaffirmed
Asansol Polyfabs Pvt Ltd                Non Fund based-BG     ICRA A4+     20      Downgraded
                                                                                   from ICRA A3
(Rating continues to remain under ‘ISSUER NOT COOPERATING’ category)
Azad Impex Pvt Ltd                      Non-fund Based        ICRA A4      380     -
(Rating continues to remain in the ‘Issuer Not Cooperating’ category)
Darling Digital World Pvt Ltd           ST – FB               ICRA A4+     57.5    -
(Reason for delay in carrying out periodic review: Issuer has not shared information)
Design Creation                         Interchangeable Limit ICRA A4      -       -
(Rating continues to remain in the ‘Issuer Not Cooperating’ category)
Farmico Commodities Ltd                 ST - Non-Fund Based   ICRA A4      90      -
(Erstwhile Wadhwani
Commodities Trading Pvt. Ltd.)
(Rating continues to remain in the ‘Issuer Not Cooperating’ category)
Fibremarx Papers Pvt Ltd                ST Non-Fund based     ICRA A4      25      Assigned
Fullerton India Credit Co. Ltd          CP programme          ICRA A1+     45000   Outstanding
Fullerton India Credit Co. Ltd          ST debt programme     ICRA A1+     10000   Outstanding
Gallant Jewelry                         ST – Packing Credit   ICRA A4      60      -
(Rating moved to Issuer not cooperating category)
Gallant Jewelry                         ST – PSDL             ICRA A4      63      -
(Rating moved to Issuer not cooperating category)
Gallant Jewelry                         ST – Gold Card#       ICRA A4      24.6    -
(Rating moved to Issuer not cooperating category)
Giriraj Timber Pvt Ltd                  Non-fund Based        ICRA A4      420     -
(Rating continues to remain in the ‘Issuer Not Cooperating’ category)
Guru Ashish Shipbreakers                Non-Fund Based-LOC    ICRA A4      660     -
(Rating continues to remain under ‘ISSUER NOT COOPERATING’ category)
Hans Industries Pvt Ltd                 Non-Fund Based-BG     ICRA A4      120     -
(Rating continues to remain under ‘ISSUER NOT COOPERATING’ category)
Hans Industries Pvt Ltd                 Non-Fund Based-LOC    ICRA A4      -       -
(Rating continues to remain under ‘ISSUER NOT COOPERATING’ category)
Hariom Polypacks Ltd                    Non FBL               ICRA A4+     10      Downgraded
                                                                                   from ICRA A3
(Rating continues to remain under ‘ISSUER NOT COOPERATING’ category)
Hcg Sun Hospitals Llp                   Fund Based – Working  ICRA A2+     30      Assigned
                                        Capital Fac
Hcg Sun Hospitals Llp                   Non-fund Based –      ICRA A2+     5       Assigned
                                        Working Capital Fac
Himangi Foods Pvt Ltd                   LT Fund based/ TL     ICRA A4      102.7   -
(Rating continues to remain in the ‘Issuer Not Cooperating’ category)
Indraprastha Automobiles Pvt            Non-fund Based        ICRA A4+     65      -
Ltd
(Rating moved to Issuer not cooperating category)
Javi Home Pvt Ltd                       Interchangeable#      ICRA A4      -       -
(Rating continues to remain in the ‘Issuer Not Cooperating’ category)/#working capital limits
include various sublimit
Katira Construction Ltd.                BG                    ICRA A3+     976.5   -
(Rating moved to ‘Issuer Not Cooperating’ category)
Kedar Metals Pvt Ltd                    Non-fund based – Bill ICRA A4+     50      -
                                        Discounting
(Rating continues to remain in the ‘Issuer Not Cooperating’ category)
Kedar Metals Pvt Ltd                    Non-fund based – LOC  ICRA A4+     20      -
(Rating continues to remain in the ‘Issuer Not Cooperating’ category)
Kedar Metals Pvt Ltd                    Fund based – Packing  ICRA A4+     -       -
                                        Credit^
(Rating continues to remain in the ‘Issuer Not Cooperating’ category) / ^ Sublimit of CC
facility
Lucky Exports                           FBL                   ICRA A4+     460     -
(Rating continues to remain under ‘ISSUER NOT COOPERATING’ category)
Lucky Exports                           Non- FBL              ICRA A4+     1200    -
(Rating continues to remain under ‘ISSUER NOT COOPERATING’ category)
Lucky Exports                           Unallocated limits    ICRA A4+     40      -
(Rating continues to remain under ‘ISSUER NOT COOPERATING’ category)
Mahendra Roadlines Pvt Ltd              ST - Non-Fund Based   ICRA A4+     5       -
(Rating continues to remain in the ‘Issuer Not Cooperating’ category)
Mvr Gas                                 ST –BG                ICRA A4      26.7    -
(Reason for delay in carrying out periodic review - - Issuer delayed in sharing information)
National Seeds Corporation Ltd          Unallocated Limits    ICRA A1+     250     Assigned
Polysol Industries                      Non-fund based – LOC  ICRA A4      90      -
(Rating moved to the ‘Issuer - Not Cooperating’ category)
Polysol Industries                      Non-fund based –      ICRA A4      8       -
                                        Forward Contract
                                        Exposure
(Rating moved to the ‘Issuer - Not Cooperating’ category)
Pratibha Constructions                  ST – Non-fund based   ICRA A4      250     -
Engineers & Contractors
(India) Pvt Ltd
(Reason for delay in carrying out periodic review: - Issuer delayed in giving information)
Rayban Foods Pvt Ltd                    Non-fund Based        ICRA A4      75
(Rating continues to remain in the ‘Issuer Not Cooperating’ category)
Rolex Hosiery Pvt Ltd                   ST Fund based         ICRA A3+     135     -
(Rating moved to Issuer not cooperating category)
Rolex Hosiery Pvt Ltd                   ST/ Unallocated       ICRA A3+     5       -
(Rating moved to Issuer not cooperating category)
Sai Fertilizers Pvt Ltd                 NFBL                  ICRA A3+     170     Withdrawn
(Issuer did not cooperate, based on best available information)
Sai Fertilizers Pvt Ltd                 ST interchangeable    ICRA A3+     -       Withdrawn
                                        limits
(Issuer did not cooperate, based on best available information)
Shree Gopinath Paper Mills Pvt          Non-Fund Based-BG     ICRA A4      10      -
Ltd
(Rating continues to remain under ‘ISSUER NOT COOPERATING’ category)
Shree Gopinath Paper Mills Pvt          Non-Fund Based-Credit ICRA A4      2.5     -
Ltd                                     Exposure Limit
(Rating continues to remain under ‘ISSUER NOT COOPERATING’ category)
Shree Gopinath Paper Mills Pvt          Non-Fund Based-LOC    ICRA A4      50      -
Ltd
(Rating continues to remain under ‘ISSUER NOT COOPERATING’ category)
Sical Iron Ore Terminals Ltd            ST – Non-fund based   ICRA A2(SO)  -       -
                                        (sub-limit            @
@ - Under rating watch with negative implications
Sical Logistics Ltd                     ST FB Fac             ICRA A2 @    295     -
@ - Under rating watch with negative implications
Sical Logistics Ltd                     ST – Non-FB Fac       ICRA A2 @    3830    -
@ - Under rating watch with negative implications
Sical Multimodal And Rail               ST – Non-fund based   ICRA A2      600     -
Transport Ltd                                                 (SO) @
@ - Under rating watch with negative implications
Sical Saumya Mining Ltd                 ST: FB Fac            ICRA A2(SO)  250     -
                                                              @
@ - Under rating watch with negative implication
The Ramco Cements Ltd                   ST non-fund based     ICRA A1+     4850    Outstanding
The Ramco Cements Ltd                   CP                    ICRA A1+     9000    Assigned
(For the enhanced facilities)
Tirupathi Yarntex Spinners Pvt          ST, Interchangeable   ICRA A4      -       -
Ltd
(Rating continues to remain under ‘ISSUER NOT COOPERATING’ category)
Unihira Exports Pvt Ltd                 ST – Fund Based       ICRA A4      50      -
(Rating continues to remain in the ‘Issuer Not Cooperating’ category)
United Coke Pvt Ltd                     Non-Fund Based-LOC    ICRA A4      350     -
(Rating continues to remain under ‘ISSUER NOT COOPERATING’ category)
Vandana Timber Pvt. Ltd.                Vandana Timber Pvt.   ICRA A4      160     -
                                        Ltd
(Reason for delay in carrying out periodic review: Issuer not Cooperating)
Vandana Timber Pvt. Ltd.                Vandana Timber Pvt.   ICRA A4      3.2     -
                                        Ltd.
(Reason for delay in carrying out periodic review: Issuer not Cooperating)
Virchow Drugs Ltd                       Non-fund              ICRA A2      10      -
                                        based-Working Capital
                                        Fac
(Reason for delay in carrying out periodic review: - Issuer delayed in giving information)
Reliance Communications Ltd             ST FB/Non-FBL         ICRA D       73140   -
                                        (including
                                        unallocated)
(Rating continues to remain in the ‘Issuer Not Cooperating’ category)
Reliance Infratel Ltd                   ST FB/Non-fundbased   ICRA D       2450    -
                                        Limits
(Rating continues to remain in the ‘Issuer Not Cooperating’ category)
Reliance Infratel Ltd                   ST Debt (STD)         ICRA D       10000   -
                                        Programme
(Rating continues to remain in the ‘Issuer Not Cooperating’ category)
Reliance Telecom Ltd                    ST Non-FBL            ICRA D       7840    -
(Rating continues to remain in the ‘Issuer Not Cooperating’ category)
The Ramco Cements Ltd                   ST fund based         ICRA AA+     2500    Outstanding
New Asian Construction Company          Non-Fund Based - BG   ICRA A4      80      Reaffirmed
Shri Maa Polyfabs Ltd                   Non FBL               ICRA A4+     70      Downgraded
                                                                                   from ICRA A3
                                                                                   and continues
to remain in the ‘Issuer Not Cooperating’ category
(Rating continues to remain under ‘ISSUER NOT COOPERATING’ category)

MEDIUM TERM RATINGS:
-------------------
Aryan Packaging Products Pvt.           Medium-term Fixed     MB           25      Reaffirmed
Ltd                                     Deposit Programme
Aryan Paper Mills Pvt. Ltd              Medium-term Fixed     MA-          40      Reaffirmed
                                        Deposit Programme
Hawkins Cookers Ltd                     Fixed deposit (FD)    MAA          228.2   Reaffirmed
                                        programme
Hawkins Cookers Ltd                     Fixed deposit (FD)    MAA          8.5     Assigned
                                        programme
Pai International Electronics           Proposed Fixed DepositMA-          500     -
Ltd
(Reason for delay in carrying out periodic review: - Review process is underway)




LONG TERM RATINGS:
-------------------
A B Motions Pvt Ltd                     LT – Fund Based – LRD ICRA BB+     732.9   -
                                        Loan
(Rating moved to Issuer not cooperating category)
Aggarwal And Company                    LTInterchangeable     ICRA B       -       -
(Rating continues to remain under ‘ISSUER NOT COOPERATING’ category)
Anand Jewels (Indore) Pvt Ltd           LT: Fund based        ICRA BBB-    375     Reaffirmed
Anand Jewels (Indore) Pvt Ltd           LT/ST: Non-fund Based ICRA BBB-/A3 525     Reaffirmed
Aparna Enterprises Ltd                  FB Limits – CC        ICRA BBB+    1600    -
(Reason for delay in carrying out periodic review: Review process is underway)
Aparna Enterprises Ltd                  TL                    ICRA BBB+    1245    -
(Reason for delay in carrying out periodic review: Review process is underway)
Aparna Enterprises Ltd                  Proposed FBL          ICRA BBB+    405     -
(Reason for delay in carrying out periodic review: Review process is underway)
Aryan Packaging Products Pvt.           FB TL                 ICRA B+      90.6    Reaffirmed
Ltd
Aryan Packaging Products Pvt.           FB CC                 ICRA B+      50      Reaffirmed
Ltd
Aryan Paper Mills Pvt. Ltd              FB TL                 ICRA BBB     259.7   Reaffirmed
Aryan Paper Mills Pvt. Ltd              FB CC                 ICRA BBB     120     Reaffirmed
Aryan Paper Mills Pvt. Ltd              Unallocated Limits    ICRA BBB/A3+ 5       Reaffirmed
Asansol Polyfabs Pvt Ltd                Fund based-CC         ICRA BB+     70      Downgraded
                                                                                   from ICRA
                                                                                   BBB-
(Rating continues to remain under ‘ISSUER NOT COOPERATING’ category)
Asansol Polyfabs Pvt Ltd                Unallocated Limit     ICRA BB+/A4+ 10      Downgraded
                                                                                   from ICRA
                                                                                   BBB-/A3
(Rating continues to remain under ‘ISSUER NOT COOPERATING’ category)
Ayyappa Infra Projects Pvt Ltd          Bk loan Ratings       ICRA BBB     914     -
                                                              /ICRA A3+
(Reason for delay in carrying out periodic review: - Review process is underway)
Azad Impex Pvt Ltd                      Fund Based            ICRA BB      40      -
(Rating continues to remain in the ‘Issuer Not Cooperating’ category)
Bansal Foods (India)                    LT Fund based/ TL     ICRA B+      45      -
(Rating continues to remain in the ‘Issuer Not Cooperating’ category)
Bharat Agro Impex                       Fund based - CC       ICRA B+      140     Withdrawn
(Issuer - Not Cooperating’ category)
Bharat Agro Impex                       Fund based - TL       ICRA B+      52.5    Withdrawn
(Issuer - Not Cooperating’ category)
Bharat Agro Impex                       Non-FBL               ICRA B+      7       Withdrawn
(Issuer - Not Cooperating’ category)
Bharat Agro Impex                       Unallocated           ICRA B+      100.5   Withdrawn
(Issuer - Not Cooperating’ category)
Bharat Cereals Pvt Ltd                  Fund based - CC       ICRA BB+     940     Withdrawn
(Issuer did not co-operate; based on best available information.)
Bharat Cereals Pvt Ltd                  Fund based - TL       ICRA BB+     21.4    Withdrawn
(Issuer did not co-operate; based on best available information.)
Bharat Cereals Pvt Ltd                  Non-FBL               ICRA BB+     12      Withdrawn
(Issuer did not co-operate; based on best available information.)
Bharat Cereals Pvt Ltd                  Unallocated           ICRA BB+     17.2    Withdrawn
(Issuer did not co-operate; based on best available information.)
Bharat Glucose Pvt Ltd                  Fund based - CC       ICRA BB+     50      Withdrawn
(Issuer - Not Cooperating’ category)
Bharat Glucose Pvt Ltd                  Non-FBL               ICRA BB+     5       Withdrawn
(Issuer - Not Cooperating’ category)
Bharat Glucose Pvt Ltd                  Unallocated           ICRA BB+     20      Withdrawn
(Issuer - Not Cooperating’ category)
Bhavana Power Pvt Ltd                   Fund Based            ICRA BB      100     -
(Rating continues to remain in the ‘Issuer Not Cooperating’ category)
Bhavana Power Pvt Ltd                   Unallocated Limits    ICRA BB      20      -
(Rating continues to remain in the ‘Issuer Not Cooperating’ category)
Bhavani Cotex                           CC                    ICRA B+      69      -
(Reason for delay in carrying out periodic review - Issuer Not Cooperating)
Bhavani Cotex                           TL                    ICRA B+      16      -
(Reason for delay in carrying out periodic review - Issuer Not Cooperating)
Canon India Pvt Ltd                     Issuer Rating         ICRA AAA     -       Reaffirmed
Chaitanya Chemicals                     Fund Based            ICRA BB      55      -
(Rating continues to remain in the ‘Issuer Not Cooperating’ category)
Chaitanya Chemicals                     Unallocated Limits    ICRA BB      8.5     -
(Rating continues to remain in the ‘Issuer Not Cooperating’ category)
Coffee Day Enterprises Ltd              TL                    ICRA BBB+@   3150    -
@ - Under rating watch with negative implications
Cyan Textile Pvt Ltd                    LT - Fund Based/ CC   ICRA B+      60      Withdrawn
(Issuer Not Cooperating)
Cyan Textile Pvt Ltd                    LT - Fund Based TL    ICRA B+      70      Withdrawn
(Issuer Not Cooperating)
Darling Digital World Pvt Ltd           LT – FB CC            ICRA BB+     117.5   -
(Reason for delay in carrying out periodic review: Issuer has not shared information)
Darling Digital World Pvt Ltd           LT – FB TL            ICRA BB+     5.7     -
(Reason for delay in carrying out periodic review: Issuer has not shared information)
Darling Digital World Pvt Ltd           LT/ST unallocated     ICRA BB+/A4+ 6.3     -
(Reason for delay in carrying out periodic review: Issuer has not shared information)
Design Creation                         LT Fund based/ CC     ICRA B+      45      -
(Rating continues to remain in the ‘Issuer Not Cooperating’ category)
Design Creation                         FB- CC                ICRA BB-     300     -
(Rating continues to remain in the ‘Issuer Not Cooperating’ category)
Energy Infratech Pvt Ltd                Non-Fund based - BGs  ICRA BB/ A4  335     Reaffirmed
Evan Multi Specialty Hospital           LT: Fund based TL     ICRA D       257     -
And Research Centre Pvt Ltd
(Rating continues to remain in the ‘Issuer Not Cooperating’ category)
Evan Multi Specialty Hospital           LT: Fund based CC     ICRA D       13.5    -
And Research Centre Pvt Ltd
(Rating continues to remain in the ‘Issuer Not Cooperating’ category)
Farmico Commodities Ltd                 LT - Fund Based/ CC   ICRA B+      60      -
(Erstwhile Wadhwani
Commodities Trading Pvt. Ltd.)
(Rating continues to remain in the ‘Issuer Not Cooperating’ category)
Farmico Commodities Ltd                 LT - Interchangeable  ICRA B+      -       -
(Erstwhile Wadhwani
Commodities Trading Pvt. Ltd.)
(Rating continues to remain in the ‘Issuer Not Cooperating’ category)
Fibremarx Papers Pvt Ltd                LT CC                 ICRA BB-     320     Assigned
Fibremarx Papers Pvt Ltd                LT TL                 ICRA BB-     175     Assigned
Fullerton India Credit Co. Ltd          Retail NCD programme  ICRA AAA     20000   Assigned
Fullerton India Credit Co. Ltd          NCD programme         ICRA AAA     -       Withdrawn**
**withdrawn due to maturity
Fullerton India Credit Co. Ltd          LT Bk lines           ICRA AAA     80000   Outstanding
Fullerton India Credit Co. Ltd          Issuer Rating         ICRA AAA     -       Outstanding
Fullerton India Credit Co. Ltd          NCD programme         ICRA AAA     34640   Outstanding
Fullerton India Credit Co. Ltd          Subordinated debt     ICRA AAA     8880    Outstanding
                                        programme
Gimpex Pvt Ltd                          FB Limits             ICRA BB+     2550    -
(Rating continues to remain in the ‘Issuer Not Cooperating’ category)
Gimpex Pvt Ltd                          Non-FB Limits         ICRA BB+     1900    -
(Rating continues to remain in the ‘Issuer Not Cooperating’ category)
Gimpex Pvt Ltd                          LT (Sub-Limit) Fac    ICRA BB+     -       -
(Rating continues to remain in the ‘Issuer Not Cooperating’ category)
Giriraj Timber Pvt Ltd                  Fund Based            ICRA BB      40      -
(Rating continues to remain in the ‘Issuer Not Cooperating’ category)
Girnar Food & Beverages Pvt Ltd         FB Limits             ICRA BBB+/A2 525     Upgraded
                                                                                   from ICRA
                                                                                   BBB/A3+
Greenstar Fertilizers Ltd               LT, FB                ICRA BBB-    1250    -
(Reason for delay in carrying out periodic review: - Issuer delayed in giving information)
Greenstar Fertilizers Ltd               LT, Unallocated Fac   ICRA BBB-    2750    -
(Reason for delay in carrying out periodic review: - Issuer delayed in giving information)
Greentech Mega Food Park Pvt            LT – Fund Based –TL   ICRA BB-     300     -
Ltd
(Rating continues to remain in the ‘Issuer Not Cooperating’ category)
Gs Malls Pvt Ltd                        LT – Fund Based – TL  ICRA BB      700     -
(Rating moved to Issuer not cooperating category)
Guru Ashish Shipbreakers                Fund Based-CC         ICRA B+      90      -
(Rating continues to remain under ‘ISSUER NOT COOPERATING’ category)
H.M. Industrial Pvt Ltd                 NCDs (NCD)            ICRA D       60      -
(Reason for delay in carrying out periodic review: Issuer not Cooperating)
H.M. Industrial Pvt Ltd                 Proposed              ICRA D       90      -
                                        NonConvertible
                                        Debentures (NCD)
(Reason for delay in carrying out periodic review: Issuer not Cooperating)
Hans Industries Pvt Ltd                 Fund Based-CC         ICRA B+      450     -
(Rating continues to remain under ‘ISSUER NOT COOPERATING’ category)
Hariom Polypacks Ltd                    Fund based-TL         ICRA BB+     107.5   Downgraded
                                                                                   from ICRA
                                                                                   BBB-
(Rating continues to remain under ‘ISSUER NOT COOPERATING’ category)
Hariom Polypacks Ltd                    Fund based-CC         ICRA BB+     72.5    Downgraded
                                                                                   from ICRA
                                                                                   BBB-
(Rating continues to remain under ‘ISSUER NOT COOPERATING’ category)
Hawkins Cookers Ltd                     LT FB Fac             ICRA AA-     170     Reaffirmed
Hawkins Cookers Ltd                     LT non-FB Fac         ICRA AA-     50      Reaffirmed
Hcg Sun Hospitals Llp                   Fund Based – TL       ICRA A-      240     Assigned
Himangi Foods Pvt Ltd                   LT Fund based/ CC     ICRA BB-     120     -
(Rating continues to remain in the ‘Issuer Not Cooperating’ category)
Himangi Foods Pvt Ltd                   LT Fund based/ TL     ICRA BB-     61.3    -
(Rating continues to remain in the ‘Issuer Not Cooperating’ category)
Indraprastha Automobiles Pvt            Fund Based – Working  ICRA BB      485     -
Ltd                                     Capital
(Rating moved to Issuer not cooperating category)
Ini Design Studio Pvt. Ltd.             FB limits             ICRA BBB-    75      -
(Reason for delay in carrying out periodic review: Review process is underway)
Javi Home Pvt Ltd                       Fund Based – Working  ICRA BB-     250     -
                                        Capital
(Rating continues to remain in the ‘Issuer Not Cooperating’ category)
Javi Home Pvt Ltd                       Fund Based – TL       ICRA BB-     550     -
(Rating continues to remain in the ‘Issuer Not Cooperating’ category)
Kamakhya Trader                         LT – Fund Based       ICRA B       60      -
(Rating continues to remain in the ‘Issuer Not Cooperating’ category)
Kamakhya Trader                         LT – Unallocated      ICRA B       10      -
(Rating continues to remain in the ‘Issuer Not Cooperating’ category)
Katira Construction Ltd.                CC                    ICRA BBB     190     -
(Rating moved to ‘Issuer Not Cooperating’ category)
Kedar Metals Pvt Ltd                    Fund based - CC       ICRA BB      77.5    -
(Rating continues to remain in the ‘Issuer Not Cooperating’ category)
Kirtilal M. Shah                        FB – Postshipment     ICRA B+/A4   475.4   -
                                        credit
(Rating continues to remain in the ‘Issuer Not Cooperating’ category)
Kirtilal M. Shah                        FB – Preshipment      ICRA B+/A4   233     -
                                        credit
(Rating continues to remain in the ‘Issuer Not Cooperating’ category)
Laxmi Balaji Industries                 LT - Fund Based TL    ICRA B+      3.9     -
(Rating continues to remain under ‘ISSUER NOT COOPERATING’ category)
Laxmi Balaji Industries                 LT - Fund Based/ CC   ICRA B+      125     -
(Rating continues to remain under ‘ISSUER NOT COOPERATING’ category)
Laxmi Balaji Industries                 LT - Unallocated      ICRA B+      41.1    -
(Rating continues to remain under ‘ISSUER NOT COOPERATING’ category)
M/S. Kbr Commodities                    Bk Loan Ratings       ICRA BB+     280.5   -
(Reason for delay in carrying out periodic review - Issuer Not Cooperating)
Madhucon Sugar And Power                Fund Based - TL       ICRA D       212.9   -
Industries Ltd
(Rating continues to remain under ‘ISSUER NOT COOPERATING’ category)
Madhucon Sugar And Power                Fund based – CC       ICRA D       988.9   -
Industries Ltd
(Rating continues to remain under ‘ISSUER NOT COOPERATING’ category)
Madhucon Sugar And Power                LT Unallocated Limits ICRA D       379     -
Industries Ltd
(Rating continues to remain under ‘ISSUER NOT COOPERATING’ category)
Mahendra Roadlines Pvt Ltd              LT - Fund Based/ CC   ICRA BB+     250     -
(Rating continues to remain in the ‘Issuer Not Cooperating’ category)
Manglam Multiplex Pvt Ltd               Non-FB Limits         ICRA BBB-    110     -
(Reason for delay in carrying out periodic review: Review process is underway)
Manglam Multiplex Pvt Ltd               Unallocated Limits    ICRA BBB-    77.5    -
(Reason for delay in carrying out periodic review: Review process is underway)
Megaton Polypack                        TL                    ICRA B+      45      -
(Reason for delay in carrying out periodic review - Issuer Not Cooperating)
Megaton Polypack                        CC                    ICRA B+      15      -
(Reason for delay in carrying out periodic review - Issuer Not Cooperating)
Mvr Gas                                 LT –TL                ICRA B+      32.4    -
(Reason for delay in carrying out periodic review - - Issuer delayed in sharing information)
Mvr Gas                                 LT –CC                ICRA B+      72.5    -
(Reason for delay in carrying out periodic review - - Issuer delayed in sharing information)
Mvr Gas                                 LT/ST –Unallocated    ICRA B+/A4   13.4    -
(Reason for delay in carrying out periodic review - - Issuer delayed in sharing information)
My Auto World (Kanpur) Pvt. Ltd         Fund Based – Working  ICRA B       92.5    -
                                        Capital
(Rating continues to remain in the ‘Issuer Not Cooperating’ category)
Nagarkurnool Municipality               Issuer Rating         ICRA B+      -       -
(Issuer did not co-operate; based on best available information.)
Narula Tools International              Fund Based – Working  ICRA B       60      -
                                        Capital
(Rating continues to remain in the ‘Issuer Not Cooperating’ category)
National Seeds Corporation Ltd          Fund based - Working  ICRA AA      750     Outstanding
                                        Capital Fac
New Asian Infrastructure                FB TL                 ICRA D       228     Reaffirmed
Development Pvt Ltd
New Asian Infrastructure                Unallocated Limits    ICRA D       67      Reaffirmed
Development Pvt Ltd
Norsea Offshore India Ltd               TL                    ICRA         240     -
                                                              BBB+(SO) @
(Rating placed on watch with negative implications; previously ICRA BBB+ (SO) (negative))
P N Rao                                 LT - Fund Based/ (CC) ICRA BBB-    60      -
(Reason for delay in carrying out periodic review: Review process is underway)
P N Rao                                 LT - Fund BasedTL     ICRA BBB-    27      -
(Reason for delay in carrying out periodic review: Review process is underway)
Pnx Logistics Pvt Ltd                   TL 1                  ICRA         140     -
                                                              BBB+(SO)
@ - Under rating watch with negative implications
Pnx Logistics Pvt Ltd                   TL 2                  ICRA         50      -
                                                              BBB+(SO)
@ - Under rating watch with negative implications
Pnx Logistics Pvt Ltd                   CC                    ICRA         140     -
                                                              BBB+(SO)
@ - Under rating watch with negative implications
Pnx Logistics Pvt Ltd                   WCDL                  ICRA         -       -
                                                              BBB+(SO)/A2@
@ - Under rating watch with negative implications
Pnx Logistics Pvt Ltd                   LT Loan               ICRA         -       -
                                                              BBB+(SO)/A2@
@ - Under rating watch with negative implications
Pnx Logistics Pvt Ltd                   LOC                   ICRA         -       -
                                                              BBB+(SO)/A2@
@ - Under rating watch with negative implications
Pnx Logistics Pvt Ltd                   BG                    ICRA         -       -
                                                              BBB+(SO)/A2@
@ - Under rating watch with negative implications
Polysol Industries                      Fund based - CC       ICRA B+      20      -
                                        Facilit
(Rating moved to the ‘Issuer - Not Cooperating’ category)
Pramuk Infracon Llp                     LT- TL                ICRA BB      900     -
(Reason for delay in carrying out periodic review - Issuer Not Cooperating)
Pramuk Infracon Llp                     LT- Unallocated       ICRA BB      100     -
(Reason for delay in carrying out periodic review - Issuer Not Cooperating)
Pratibha Constructions                  LT – Fund based / CC  ICRA C-      247.7   -
Engineers & Contractors
(India) Pvt Ltd
(Reason for delay in carrying out periodic review: - Issuer delayed in giving information)
Pratibha Constructions                  LT / ST Unallocated   ICRA C-/A4   652.3   -
Engineers & Contractors
(India) Pvt Ltd
(Reason for delay in carrying out periodic review: - Issuer delayed in giving information)
Rayban Foods Pvt Ltd                    Fund Based – Working  ICRA B       300
                                        Capital
(Rating continues to remain in the ‘Issuer Not Cooperating’ category)
Rayban Foods Pvt Ltd                    Fund Based – TL       ICRA B       26.9
(Rating continues to remain in the ‘Issuer Not Cooperating’ category)
Rayban Foods Pvt Ltd                    Unallocated           ICRA B       98.1
(Rating continues to remain in the ‘Issuer Not Cooperating’ category)
Reliance Communications Ltd             NCD (NCD) Programme   ICRA D       50000   -
(Rating continues to remain in the ‘Issuer Not Cooperating’ category)
Reliance Communications Ltd             LT FB/Non-FBL         ICRA D       281160  -
                                        (including
                                        unallocated)
(Rating continues to remain in the ‘Issuer Not Cooperating’ category)
Reliance Communications Ltd             CP (CP) Programme     ICRA D       20000   -
(Rating continues to remain in the ‘Issuer Not Cooperating’ category)
Reliance Infratel Ltd                   LT FB (including      ICRA D       22710   -
                                        unallocated)
(Rating continues to remain in the ‘Issuer Not Cooperating’ category)
Reliance Telecom Ltd                    LT FB (including      ICRA D       8120    -
                                        unallocated)
(Rating continues to remain in the ‘Issuer Not Cooperating’ category)
Reliance Telecom Ltd                    CP (CP) Programme     ICRA D       5000    -
(Rating continues to remain in the ‘Issuer Not Cooperating’ category)
Reproscan Tech Park Llp                 TL                    ICRA BBB+    1845.4  Assigned
Reproscan Tech Park Llp                 Fund Based - OverdraftICRA BBB+    100     Assigned
Reproscan Tech Park Llp                 Non Fund Based - BG   ICRA BBB+    40      Assigned
Reproscan Tech Park Llp                 Unallocated           ICRA BBB+    164.6   Assigned
Reproscan Tech Park Llp                 Issuer Rating         ICRA BBB+    -       Outstanding
Rnb International Pvt Ltd               LT – Fund Based – CC  ICRA B       110     -
(Rating continues to remain in the ‘Issuer Not Cooperating’ category)
S.E. Builders And Realtors Ltd          LT Fundbased Fac      ICRA BBB+    2000    -
(Reason for delay in carrying out periodic review: Review process is underway)
Sai Fertilizers Pvt Ltd                 FB – CC               ICRA BBB     180     Withdrawn
(Issuer did not cooperate, based on best available information)
Sai Sulphonates Pvt Ltd                 FB – working capital  ICRA A-      560     Withdrawn
                                        Fac
(Issuer did not cooperate, based on best available information)
Sai Sulphonates Pvt Ltd                 FB – TL               ICRA A-      40.5    Withdrawn
(Issuer did not cooperate, based on best available information)
Sai Sulphonates Pvt Ltd                 Non-FB limits         ICRA A-/A2+  -       Withdrawn
(Issuer did not cooperate, based on best available information)
Saisrushti Builders Pvt Ltd             NCD                   ICRA BB+     350     -
(Reason for delay in carrying out periodic review: Review process is underway)
Savera India Riding Systems             LT - Fund Based/ CC   ICRA B+      100     -
Company Pvt Ltd
(Rating moved to ‘Issuer Not Cooperating’ category)
Savera India Riding Systems             LT - Unallocated      ICRA B+      30      -
Company Pvt Ltd
(Rating moved to ‘Issuer Not Cooperating’ category)
Saya Automobiles Ltd                    Fund Based – Working  ICRA BB-     550     -
                                        Capital
(Rating moved to the ‘Issuer - Not Cooperating’ category)
Saya Automobiles Ltd                    Issuer Rating         ICRA BB-     -       -
(Rating moved to the ‘Issuer - Not Cooperating’ category)
Shanti Integrated Textile Park          BLR                   ICRA B /     670     -
Pvt. Ltd.                                                     ICRA A4
(Reason for delay in carrying out periodic review - Issuer Not Cooperating)
Shivay Minerals                         TL                    ICRA B       45      -
(Reason for delay in carrying out periodic review - Issuer Not Cooperating)
Shivay Minerals                         Working Capital Fac   ICRA B       20      -
(Reason for delay in carrying out periodic review - Issuer Not Cooperating)
Shree Gopinath Paper Mills Pvt          Fund Based-TL         ICRA BB-     38.1    -
Ltd
(Rating continues to remain under ‘ISSUER NOT COOPERATING’ category)
Shree Gopinath Paper Mills Pvt          Fund Based-CC         ICRA BB-     110     -
Ltd
(Rating continues to remain under ‘ISSUER NOT COOPERATING’ category)
Shree Gopinath Paper Mills Pvt          Unallocated           ICRA BB-     32.4    -
Ltd
(Rating continues to remain under ‘ISSUER NOT COOPERATING’ category)
Shree Hans Rice And General             Fund Based - TL       ICRA B+      19      -
Mills
(Rating continues to remain in the ‘Issuer Not Cooperating’ category)
Shree Hans Rice And General             LT / ST - Fund Based  ICRA B+/A4   725     -
Mills
(Rating continues to remain in the ‘Issuer Not Cooperating’ category)
Shree Hans Rice And General             LT / ST - Unallocated ICRA B+/A4   6       -
Mills
(Rating continues to remain in the ‘Issuer Not Cooperating’ category)
Shree Shakti Agro Industries            LT: Fund based TL     ICRA C+      9       -
(Rating continues to remain in the ‘Issuer Not Cooperating’ category)
Shree Shakti Agro Industries            LT: Fund based CC     ICRA C+      90      -
(Rating continues to remain in the ‘Issuer Not Cooperating’ category)
Shri Balaji Industries                  LT Fund based/ CC     ICRA B       150     -
(Rating continues to remain in the ‘Issuer Not Cooperating’ category)
Sical Iron Ore Terminals Ltd            LT: TL                ICRA         5000    -
                                                              BBB+(SO) @
@ - Under rating watch with negative implications
Sical Iron Ore Terminals Ltd            LT – Fund based       ICRA         400     -
                                                              BBB+(SO) @
@ - Under rating watch with negative implications
Sical Iron Ore Terminals Ltd            LT – Non fund based   ICRA         600     -
                                                              BBB+(SO) @
@ - Under rating watch with negative implications
Sical Iron Ore Terminals Ltd            LT – Non fund based   ICRA         -       -
                                        (sublimit)            BBB+(SO) @
@ - Under rating watch with negative implications
Sical Logistics Ltd                     NCD Programme         ICRA BBB+ @  1000    -
@ - Under rating watch with negative implications
Sical Logistics Ltd                     LT – CC               ICRA BBB+ @  3000    -
@ - Under rating watch with negative implications
Sical Logistics Ltd                     LT – TL Outstanding   ICRA BBB+ @  4325.4  -
@ - Under rating watch with negative implications
Sical Logistics Ltd                     LT – Unallocated      ICRA BBB+ @  1000    -
@ - Under rating watch with negative implications
Sical Multimodal And Rail               NCD Programme         ICRA         1000    -
Transport Ltd                                                 BBB+(SO) @
@ - Under rating watch with negative implications
Sical Multimodal And Rail               LT – Fund based       ICRA         400     -
Transport Ltd                                                 BBB+(SO) @
@ - Under rating watch with negative implications
Sical Multimodal And Rail               LT – TL               ICRA         607.7   -
Transport Ltd                                                 BBB+(SO) @
@ - Under rating watch with negative implications
Sical Saumya Mining Ltd                 TL                    ICRA         418.3   -
                                                              BBB+(SO) @
@ - Under rating watch with negative implication
Sidhi Vinayak Foundation                FB - TL               ICRA B       100     Reaffirmed
Sizzling Beverages Pvt Ltd              Issuer Rating         ICRA D       -       -
Reason for delay in carrying out periodic review: - Others (instrument put on notice of
withdrawal for 30 days)
St. George’S Education Society          LT – Fund Based/TL    ICRA BBB-    750     Reaffirmed
Star Automobiles                        Fund Based – CC       ICRA BBB-    250     Reaffirmed
Star Automobiles (Mp) Ltd               Fund Based – Cash     ICRA BBB-    100     Reaffirmed
                                        Credi
Swaraj Suiting Pvt Ltd                  LT - Fund Based/ CC   ICRA BB+     110     Withdrawn
(Issuer Not Cooperating)
Swaraj Suiting Pvt Ltd                  LT - Fund Based TL    ICRA BB+     390     Withdrawn
(Issuer Not Cooperating)
The Ramco Cements Ltd                   TL                    ICRA AA+     9000    Assigned
(For the enhanced facilities)
The Ramco Cements Ltd                   LT fund based         ICRA AA+     7350    Outstanding
The Winning Edge Agro Product           Fund based – CC       ICRA B+      60      Withdrawn
(Issuer did not cooperate, based on best available information)
The Winning Edge Agro Product           Fund based – TL       ICRA B+      33.5    Withdrawn
(Issuer did not cooperate, based on best available information)
The Winning Edge Agro Product           Unallocated limits    ICRA B+      2       Withdrawn
(Issuer did not cooperate, based on best available information)
Tirupathi Yarntex Spinners Pvt          LT, FB                ICRA B-      145     -
Ltd
(Rating continues to remain under ‘ISSUER NOT COOPERATING’ category)
Tirupathi Yarntex Spinners Pvt          LT, TL                ICRA B-      29      -
Ltd
(Rating continues to remain under ‘ISSUER NOT COOPERATING’ category)
Tirupathi Yarntex Spinners Pvt          LT, Non FB            ICRA B-      6       -
Ltd
(Rating continues to remain under ‘ISSUER NOT COOPERATING’ category)
Uniparts India Ltd                      TL                    ICRA A+      550     Reaffirmed
Uniparts India Ltd                      Unallocated Limits    ICRA A+      10      Reaffirmed
Uniparts India Ltd                      FB - Working Capital  ICRA A+/A1+  1725    Reaffirmed
                                        Fac
United Coke Pvt Ltd                     Fund Based-CC         ICRA B+      -       -
(Rating continues to remain under ‘ISSUER NOT COOPERATING’ category)
Vandana Timber Pvt. Ltd.                Vandana Timber Pvt.   ICRA B+      20      -
                                        Ltd.
(Reason for delay in carrying out periodic review: Issuer not Cooperating)
Vijay Builders & Constructions          LT - Fund Based/ CC   ICRA BB      30      -
Pvt Ltd
(Rating continues to remain in the ‘Issuer Not Cooperating’ category)
Vijay Builders & Constructions          LT - Non-Fund Based   ICRA BB      80      -
Pvt Ltd
(Rating continues to remain in the ‘Issuer Not Cooperating’ category)
Virchow Drugs Ltd                       Fund based- Working   ICRA BBB+    77.5    -
                                        Capital Fac
(Reason for delay in carrying out periodic review: - Issuer delayed in giving information)
Visura (India) Ltd                      LT - Fund based       ICRA B+      200     Reaffirmed
Visura (India) Ltd                      LT/ST - Non fund basedICRA B+/A4   55      Reaffirmed
Visura (India) Ltd                      LT/ST – Unallocated   ICRA B+/A4   150     Reaffirmed
Aasra Foundations                       Fund based – TL       ICRA D       1123    -
(Rating continues to remain under ‘ISSUER NOT COOPERATING’ category)
Aasra Foundations                       Fund Based – CC       ICRA D       177     -
(Rating continues to remain under ‘ISSUER NOT COOPERATING’ category)
Carrycon India Ltd                      LT FB/CC              ICRA B       65      Withdrawn
(Issuer not cooperating)
Carrycon India Ltd                      LT BG                 ICRA B       33      Withdrawn
(Issuer not cooperating)
Carrycon India Ltd                      LT Unallocated        ICRA B       3       Withdrawn
(Issuer not cooperating)
Chadha Sugars & Industries Ltd          CC                    ICRA D       1098    Downgraded
                                                                                   from ICRA B
(Rating continues to remain under ‘ISSUER NOT COOPERATING’ category)
Chadha Sugars & Industries Ltd          TL                    ICRA D       1683.3  Downgraded
                                                                                   from ICRA B
(Rating continues to remain under ‘ISSUER NOT COOPERATING’ category)
Chadha Sugars & Industries Ltd          LT Unallocated        ICRA D       404.6   Downgraded
                                                                                   from ICRA B
(Rating continues to remain under ‘ISSUER NOT COOPERATING’ category)
Chadha Sugars & Industries Ltd          ST Non Fund Based     ICRA D       60      Downgraded
                                                                                   from ICRA A4
(Rating continues to remain under ‘ISSUER NOT COOPERATING’ category)
New Asian Construction Company          Fund Based -          ICRA B       30      Reaffirmed
                                        Overdraft facility
New Asian Construction Company          Unallocated Limits    ICRA B /     110     Reaffirmed
                                                              ICRA A4
Shri Maa Polyfabs Ltd                   Fund based-TL         ICRA BB+     350     Downgraded
                                                                                   from ICRA
                                                                                   BBB- and
continues to remain in the ‘Issuer Not Cooperating’ category
(Rating continues to remain under ‘ISSUER NOT COOPERATING’ category)
Shri Maa Polyfabs Ltd                   Fund based-CC         ICRA BB+     190     Downgraded
                                                                                   from ICRA
                                                                                   BBB- and
continues to remain in the ‘Issuer Not Cooperating’ category
(Rating continues to remain under ‘ISSUER NOT COOPERATING’ category)
Sudhakara Infratech Pvt Ltd             FBL                   ICRA BBB     250     Reaffirmed
Sudhakara Infratech Pvt Ltd             Non-FBL               ICRA BBB     1060    Reaffirmed
Sudhakara Infratech Pvt Ltd             Unallocated limits    ICRA         490     Reaffirmed
                                                              BBB/ICRA A3+
--------------------------------------------------------------------------------------------
$: 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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