June 8, 2018 / 10:55 AM / 2 months ago

RPT-ICRA ratings for Indian debt instruments-Jun 8

 (Repeating to add more ratings)
   Jun 8 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of June 7, 2018.


COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Apeejay Shipping Ltd                    Fund based – ST Loans ICRA A1+     400     Reaffirmed
Apeejay Shipping Ltd                    CP1                   ICRA A1+     300     Reaffirmed
Balaji Cellphone Pvt Ltd                Non Fund basedBG      ICRA A4+     50
(ISSUER NOT COOPERATING)
Central Bank Of India                   Corporate Governance  CGR3+        -       Withdrawn
                                        Practices
Ctbc Bank Co., Ltd.                     CDs Programme         ICRA A1+     2000    Assigned
Green Infra Wind Energy Ltd             CP                    ICRA A1+     5000    outstanding
Jp Flour Mills Pvt Ltd                  Non Fund Based BG     ICRA A4+     40      Reaffirmed
M V Shiptrade Pvt Ltd                   Non Fund based LOC    ICRA A4      300     Reaffirmed
Megha Technical And Engineers           LOC/BG                ICRA A1+     30      Withdrawn
Pvt Ltd
Pavan Cotton Products Pvt Ltd           NFBL BG               ICRA A4      2.4     Reaffirmed
Pricol Ltd (Erstwhile Pricol            ST – Fund based       ICRA A2+ &   -       -
Pune Ltd)                               sublimit
&: Under rating watch with developing implications
Pricol Ltd (Erstwhile Pricol            ST – Non fund based   ICRA A2+ &   -       - 
Pune Ltd)                               sublimit
&: Under rating watch with developing implications
Pricol Ltd (Erstwhile Pricol            ST – Non fund based   ICRA A2+ &   730     - 
Pune Ltd)
&: Under rating watch with developing implications
Ravi Dyeware Company Pvt Ltd            ST: Non Fund based    ICRA A2+     240     Reaffirmed
Shakumbhari Expo Impo Ltd               ST FBL                ICRA A4      175     Reaffirmed
Siddharth Colorchem Pvt Ltd             ST: Fund based        ICRA A2+     455     Reaffirmed
Siddharth Colorchem Pvt Ltd             ST: Non Fund based    ICRA A2+     625     Reaffirmed
Zinka Logistics Solutions Pvt           ST FB Fac             ICRA A2+     1965    outstanding
Ltd                                                           (SO)
Zinka Logistics Solutions Pvt           Unallocated           Provisional          Withdrawn
Ltd                                                           ICRA A2+(SO)

LONG TERM RATINGS:
-------------------
Adarsh Haven Pvt Ltd                    NCD (NCD)             ICRA AA              Withdrawn
                                                              (SO)
Apeejay Shipping Ltd                    Fund based Bk Fac     ICRA AA      350     Reaffirmed
Apeejay Shipping Ltd                    Fund based – TL       ICRA AA      2200    Reaffirmed
Apeejay Shipping Ltd                    Fund based – TL       ICRA AA              Reaffirmed
Apeejay Shipping Ltd                    Non fund based        ICRA AA              Reaffirmed
Apeejay Shipping Ltd                    Non fund based        ICRA AA      20      Reaffirmed
                                                              /ICRA A1+
Arihant Packwell                        Fund based            ICRA B+      100     -
(ISSUER NOT COOPERATING)
Balaji Cellphone Pvt Ltd                Fund based TL         ICRA BB+     170     -
(ISSUER NOT COOPERATING)
Ds Max                                  LT TL                 ICRA BB+     150     Assigned
Green Infra Wind Energy Ltd             Overdraft             ICRA AA      2000    reassigned
                                                                                   from ICRA AA
                                                                                   (SO)
Green Infra Wind Energy Ltd             BG                    ICRA AA      2000    Reassigned
                                                              (Positive)           from ICRA AA
                                                              / ICRA A1+;          (SO)/
                                                                                   ICRA A1+(SO)
Greta Energy Ltd                        LT, FB Fac            ICRA BB+     65      Reaffirmed
Greta Energy Ltd                        LT, TL                ICRA BB+     116.7   Reaffirmed
Greta Energy Ltd                        LT, Proposed Fac      ICRA BB+     318.3   Reaffirmed
Hindva Builders                         FBL                   ICRA BB      360     Reaffirmed
Jp Flour Mills Pvt Ltd                  Unallocated Limit
Jp Flour Mills Pvt Ltd                  Fund Based TL         ICRA BB+     6.2     Reaffirmed
Jp Flour Mills Pvt Ltd                  Fund Based CC         ICRA BB+     130     Reaffirmed
Jp Flour Mills Pvt Ltd                  Fund Based Export     ICRA BB+     30      Reaffirmed
                                        Packing Credit
M V Shiptrade Pvt Ltd                   Fund based CC         ICRA B+      50      Reaffirmed
Manav Investment And Trading            NCD Programme 1       ICRA AAA(SO) 3250    - 
Co. Ltd
Manav Investment And Trading            NCD Programme 2       ICRA AAA(SO) 450     -
Co. Ltd
Megha Technical And Engineers           CC                    ICRA A+      150     Withdrawn
Pvt Ltd
Mishtann Foods Ltd                      Fund based – Working  ICRA BBB     250     outstanding
                                        Capital
Mishtann Foods Ltd                      Fund based – TL       ICRA BBB     40      Assigned
Mishtann Foods Ltd                      Fund based            ICRA BBB     130     Assigned
                                        –Unallocated Limits
New Opportunity Consultancy             LT Bk Lines           ICRA BB      50      Assigned
Pvt Ltd
New Opportunity Consultancy             LT NCD                ICRA BB      80      Upgraded
Pvt Ltd                                                                            from ICRA BB
Pavan Cotton Products Pvt Ltd           Fund based CC         ICRA B       55      Downgraded
                                                                                   from ICRA B+
Pavan Cotton Products Pvt Ltd           Fund based – TL       ICRA B       36.4    Downgraded
                                                                                   from ICRA B+
Pavan Cotton Products Pvt Ltd           Unallocated Limits    ICRA B       11.5    Downgraded
                                                                                   from ICRA B+
Pioneer Globex Pvt Ltd                  FBL                   ICRA D       250     -
Reason for delay in carrying out periodic review: (Issuer not cooperating)
Pricol Ltd (Erstwhile Pricol            LT – TL               ICRA A &     391.7   -
Pune Ltd)
&: Under rating watch with developing implications
Pricol Ltd (Erstwhile Pricol            LT – Fund based       ICRA A &     1400    - 
Pune Ltd)
&: Under rating watch with developing implications
Pricol Ltd (Erstwhile Pricol            LT – Proposed         ICRA A &     228.3   -
Pune Ltd)
&: Under rating watch with developing implications
Ravi Dyeware Company Pvt Ltd            LT / ST: Fund based   ICRA A /     590     Reaffirmed
                                                              ICRA A2+;
Sahajanand Technologies Pvt Ltd         LT Fund Based CC      ICRA BB      149     Reaffirmed
Sahajanand Technologies Pvt Ltd         LT Fund Based TL      ICRA BB      1       Reaffirmed
Sahyadri Starch & Industries            LT Fund based CC      ICRA BBB     200     Revised from
Pvt Ltd                                                                            ICRA BBB
Sahyadri Starch & Industries            LT Fund based TL      ICRA BBB     46.2    Revised from
Pvt Ltd                                                                            ICRA BBB
Sahyadri Starch & Industries            LT Fund based         ICRA BBB     40      Revised from
Pvt Ltd                                 Overdraft                                  ICRA BBB
Sahyadri Starch & Industries            ST Interchangeable    ICRA BBB     40      Revised from
Pvt Ltd                                 optionally            /ICRA A3             ICRA
                                        convertible debentureBD**                  BBB/ICRA A3+
** Interchangeable with cash credit
Satya Microcapital Ltd.                 PTC Series A1         Provisional  139     Final Rating
                                                              rating of
                                                              ICRA A(SO
Satya Microcapital Ltd.                 PTC Series A3         Provisional  9.9     Final Rating
                                                              rating of
                                                              ICRA BBB (SO)
Satya Microcapital Ltd.                 PTC Series A2         Provisional  31.8    Final Rating
                                                              rating of
                                                              ICRA BBB+ (SO)
Siddharth Colorchem Pvt Ltd             LT: Fund based        ICRA A       5       Reaffirmed
Sri Srinivasa Rice Mill                 CC                    ICRA BB      60      Upgraded
(Mahendrawada)                                                                     from ICRA B+
Sri Srinivasa Rice Mill                 Unallocated Limits    ICRA BB      40      Upgraded
(Mahendrawada)                                                                     from ICRA B+
Vanshika Sugar And Power                TL                    ICRA B+      120     -
Industries Ltd
Reason for delay in carrying out periodic review (Issuer not cooperating)
Vanshika Sugar And Power                Warehousing Limit     ICRA B+      145     - 
Industries Ltd
Reason for delay in carrying out periodic review (Issuer not cooperating)
Vanshika Sugar And Power                LT Unallocated        ICRA B+      100     -  
Industries Ltd
Reason for delay in carrying out periodic review (Issuer not cooperating)
Tamil Nadu Generation And               Non-Convertible Bonds ICRA A-      807     Reaffirmed
Distribution Corporation Limit          Programme
Tamil Nadu Generation And               Non-Convertible Bonds ICRA A-      33358   Reaffirmed
Distribution Corporation Limit          Programme
Tamil Nadu Generation And               Non-Convertible Bonds ICRA A-      4000    Withdrawn
Distribution Corporation Limit          Programme
Tamil Nadu Generation And               Non-Convertible Bonds ICRA A-      5309    Withdrawn^
Distribution Corporation Limit          Programme
^The bond has been reassigned to TANTRANSCO
Tamil Nadu Generation And               Non-Convertible Bonds Provisional  1500    -
Distribution Corporation Limit          Programme             ICRA BBB+
(Validity extended by 120 days)
Tamil Nadu Transmission                 Non-Convertible Bonds ICRA A-      691     Reaffirmed
Corporation Ltd                         Programme
Tamil Nadu Transmission                 Non-Convertible Bonds ICRA A-      2000    Withdrawn
Corporation Ltd                         Programme
Tamil Nadu Transmission                 Non-Convertible Bonds ICRA A-      2000    Withdrawn
Corporation Ltd                         Programme
Tamil Nadu Transmission                 Non-Convertible Bonds Provisional  5309^   Reassigned
Corporation Ltd                         Programme             ICRA A-              from ICRA A-
^The bond has been transferred from TANGEDCO and ratings reassigned
 --------------------------------------------------------------------------------------------
$: 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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