June 28, 2018 / 10:41 AM / 3 months ago

RPT-ICRA ratings for Indian debt instruments-Jun 28

 (Repeating to add additional ratings as of June 27, 2018)
    Jun 28 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of June 27, 2018.


COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Endurance Technologies Ltd              CP                    ICRA A1+     1000    Reaffirmed
National Collateral Management          CP/ST Debt Programme  ICRA A1+     3000    Assigned
Services Ltd
North Delhi Metro Mall Pvt Ltd          Non-fund Based BG     ICRA A4      200     Reaffirmed
Pyramid Timber Associates Pvt           ST – Fund Based       ICRA A4      10
Ltd                                     (Inland Bill
                                        Discounting)
Rating continues to remain in the ‘Issuer Not Cooperating’ category
Pyramid Timber Associates Pvt           ST- Non-Fund Based    ICRA A4      100
Ltd
Rating continues to remain in the ‘Issuer Not Cooperating’ category
Rajkrishna Aditya Auto Store            ST – Non-fund based   ICRA A4      30.5
Pvt Ltd
Rating continues to remain in the ‘Issuer Not Cooperating’ category
S. D. Corporation Pvt Ltd               CP                    ICRA A1+(SO) 9100
Outstanding
S. D. Corporation Pvt Ltd               CP                    Provisional  500
                                                              ICRA A1+(SO)
Confirmed as final
Uti Asset Management Co. Ltd            UTI FIIF Quarterly    ICRA A1+mfs  -       Outstanding
                                        Interval Plan -
                                        Series VI
Uti Asset Management Co. Ltd            UTI Liquid Cash Plan  ICRA A1+mfs  -       Outstanding
Sahakar Shiromani Vasantrao             ST: FBL               ICRA A4      170
Kale Sahakari Sakhar Karkhana
Ltd
Issuer not Cooperating

LONG TERM RATINGS:
-------------------
Aditya Automobile Spares Pvt            LT – Fund Based       ICRA BB-     100
Ltd
Rating continues to remain in the ‘Issuer Not Cooperating’ category
Appollo Distilleries Pvt Ltd            TL                    ICRA D       750
Rating continues to remain under ‘Issuer Not Cooperating’ category
Arunachal Tea & Industries Pvt          Bk Fac BLR            ICRA BBB     99.1
Ltd
Issuer not co-operating
Empee Sugars And Chemicals Ltd          TL                    ICRA D       3849
Rating continues to remain under ‘Issuer Not Cooperating’ category
Empee Sugars And Chemicals Ltd          CC                    ICRA D       1271.4
Rating continues to remain under ‘Issuer Not Cooperating’ category
Empee Sugars And Chemicals Ltd          Non-Fund Based        ICRA D       1281.8
Rating continues to remain under ‘Issuer Not Cooperating’ category
Empee Sugars And Chemicals Ltd          Unallocated           ICRA D       7.8
Rating continues to remain under ‘Issuer Not Cooperating’ category
Endurance Technologies Ltd              LT/ST fund/ nonfund   ICRA AA+     220
                                        based Trust Name
Upgraded from ICRA AA(Positive)/ICRA A1+ Reaffirmed
Ethelwold Estate Pvt Ltd                Bk Fac                ICRA BBB     100
Issuer not co-operating
India Infoline Finance Ltd-             PTC Series A          Provisional  1832.6  Assigned
Robust Cv Trust June 2018                                     ICRA AAA(SO)
Limbuguri Tea Estate Pvt Ltd            Bk Fac                ICRA BBB     100
Issuer not co-operating
National Collateral Management          FB Limits             ICRA A+      1000    Assigned
Services Ltd
Northern Arc Capital Ltd- Ifmr          PTC Series A2         ICRA BB+     15.2    Withdrawn
Capital Sbl Mosec I                                           (SO)
Pragati Engineering Belgaum             LT: FBL               ICRA B-      32.8
Pvt Ltd
Issuer not co-operating
Pragati Engineering Belgaum             LT: Unallocated limitsICRA B-      27.2
Pvt Ltd
Issuer not co-operating
Pyramid Timber Associates Pvt           LT – CC               ICRA BB-     45
Ltd
Rating continues to remain in the ‘Issuer Not Cooperating’ category
Pyramid Timber Associates Pvt           LT – TL               ICRA BB-     4.1
Ltd
Rating continues to remain in the ‘Issuer Not Cooperating’ category
Pyramid Timber Associates Pvt           LT/ST - Unallocated   ICRA BB-     0.9
Ltd                                                           /A4
Ratings continues to remain in the ‘Issuer Not Cooperating’ category
Q2Q Solutions Pvt Ltd                   LT – Proposed Limits  ICRA BB-     700     Assigned
Rajkrishna Aditya Auto Store            LT – Fundbased        ICRA BB-     29.5
Pvt Ltd
Rating continues to remain in the ‘Issuer Not Cooperating’ category
Ramsons Casting Pvt Ltd                 BLR                   ICRA B+ /A4  107.5
Review process is underway
Royal Motors Gwalior Pvt Ltd            Fund based-CC         ICRA B+      50
Ratings continues to remain in the ‘Issuer Not Cooperating’ category
S. D. Corporation Pvt Ltd               NCD Programme         ICRA AA(SO)
Withdrawn
S. D. Corporation Pvt Ltd               NCD Programme         ICRA AA(SO)  4350
Outstanding
Sadipali Solar Pvt Ltd                  FB -TL                ICRA BBB     980     Assigned
Salarpuria Properties Pvt Ltd           LT – TL               ICRA A       910
Review process is underway
Salarpuria Properties Pvt Ltd           LT – FBL              ICRA A       910
Review process is underway
Salarpuria Properties Pvt Ltd           LT – Non-FBL          ICRA A       843.7
Review process is underway
Salarpuria Properties Pvt Ltd           LT - Proposed limits  ICRA A       5
Review process is underway
Spandana Sphoorty Financial             PTC Series A1         ICRA A(SO)   883.1   Assigned
Ltd- Vivriti Cavalieri 06 2018
Spandana Sphoorty Financial             PTC Series A2         ICRA A-(SO)  9.8     Assigned
Ltd- Vivriti Cavalieri 06 2018
Suhani Knitfab Pvt Ltd                  Bk loans              ICRA B+      94.2
Issuer not co-operating
Sun Photo Voltaic Energy India          FB -TL                ICRA BBB     4540    Assigned
Pvt Ltd
T S Alloys Ltd                          Bk Fac                ICRA A+ /    300
                                                              ICRA A1+
Review process is underway
Teesta Rangit Pvt Ltd                   FBL                   ICRA D       320     Reaffirmed
Teesta Rangit Pvt Ltd                   Untied Limits         ICRA D       80      Reaffirmed
Trident Sugars Ltd                      CC                    ICRA C       280
Rating continues to remain under ‘Issuer Not Cooperating’ category
Trident Sugars Ltd                      TL Trust Name         ICRA C       139.5
Rating continues to remain under ‘Issuer Not Cooperating’ category
Uma Medicare Ltd                        TL                    ICRA BBB     45
Rating continues to remain in the ‘Issuer not Cooperating’ category
Uma Medicare Ltd                        FBL-CC                ICRA BBB     100
Rating continues to remain in the ‘Issuer not Cooperating’ category
Uma Medicare Ltd                        NFBL Trust Name       ICRA BBB     5
Rating continues to remain in the ‘Issuer not Cooperating’ category
Uti Asset Management Co. Ltd            UTI Ultra ST Fund     ICRA AAAmfs  -       Outstanding
Uti Asset Management Co. Ltd            UTI Treasury          ICRA AAAmfs  -       Outstanding
                                        Advantage Fund
Uti Asset Management Co. Ltd            UTI Bond Fund         ICRA AAAmfs  -       Outstanding
Uti Asset Management Co. Ltd            UTI Dynamic Bond Fund ICRA AAAmfs  -       Outstanding
Uti Asset Management Co. Ltd            UTI Capital           ICRA         -       Outstanding
                                        Protection Oriented   AAAmfs(SO)
                                        Scheme Series IX - Plan 1
Uti Asset Management Co. Ltd            UTI Capital           ICRA         -       Outstanding
                                        Protection Oriented   AAAmfs(SO)
                                        Scheme Series IX - Plan 2
Uti Asset Management Co. Ltd            UTI Capital           ICRA         -       Outstanding
                                        Protection Oriented   AAAmfs(SO)
                                        Scheme Series IX - Plan 3
Uti Asset Management Co. Ltd            UTI Capital           Provisional  -
                                        Protection Oriented   ICRA
                                        Scheme Series X - PlanAAAmfs(SO)
confirmed as final
Uti Asset Management Co. Ltd            UTI Capital           Provisional  -       Withdrawn
                                        Protection Oriented   ICRA
                                        Scheme Series X - PlanAAAmfs(SO)
Earthcon Developers Pvt. Ltd.           FBL                   ICRA B       120
Issuer not Cooperating
Jupiter Alloys And Steel                Bk Fac                ICRA         410
(India) Ltd                                                   BBB+/ICRA A2
Issuer not Cooperating
Jupiter Wagons Ltd                      Bk Fac                ICRA         1200
                                                              BBB+/ICRA A2
Issuer not Cooperating
Paratus Real Estates Pvt. Ltd.          FBL                   ICRA B+      180
Issuer not Cooperating
Rns Motors Ltd                          LT                    ICRA BBB+    430
Review process is underway

--------------------------------------------------------------------------------------------
$: 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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