March 1, 2018 / 10:50 AM / 3 months ago

RPT-ICRA ratings for Indian debt instruments-Mar 1

 (Repeating to add more ratings)
    Mar 1 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of February 28, 2018.


COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Aditya Birla Finance Ltd                CP programme(for IPO  ICRA A1+     -       Withdrawn
                                        financing)
Aditya Birla Finance Ltd                CP programme          ICRA A1+     100000  outstanding
Anantha Seafoods Pvt Ltd                ST NonFB Limits       ICRA A4      8.4     -
(Formerly Supran Exim Pvt Ltd)
Reason for delay in carrying out periodic review: - Issuer non-cooperating
Asm Technologies Ltd                    ST – Interchangeable^ ICRA A3+     -       Reaffirmed
^ The short-term interchangeable limits are sub-limits of the cash credit limits
Asm Technologies Ltd                    ST - Non-fund Based   ICRA A3+     10      Reaffirmed
Auro Impex & Chemicals Pvt.             Non-FBL – LOC         ICRA A4      45      ISSUER NOT
Ltd.                                                                               COOPERATING
Auro Impex & Chemicals Pvt.             Non-FBL – BG          ICRA A4      4       ISSUER NOT
Ltd.                                                                               COOPERATING
Auro Impex & Chemicals Pvt.             Non-FBL – Forward     ICRA A4      1       ISSUER NOT
Ltd.                                    Contract                                   COOPERATING
Auro Industries Ltd                     Non Fund basedLOC     ICRA A4      22.5    -
Rating continues to remain in the ‘Issuer Not Cooperating’ category
Auro Industries Ltd                     Non-Fund based- BG    ICRA A4      7.5     -
Rating continues to remain in the ‘Issuer Not Cooperating’ category
Bafna Enterprises                       ST - fund based       ICRA A2+     47.5    -
Reason for delay in carrying out periodic review – Information yet to be received
Brajesh Packaging Pvt Ltd               Non-fund based – BG   ICRA A4      1.4     -
Rating continues to remain in the ‘Issuer Not Cooperating’ category
Chiddarwar Construction                 Non Fund basedBG      ICRA A4      30      ISSUER NOT
Company Pvt Ltd                                                                    COOPERATING
Deccan Ispat Ltd                        ST NonFB Limits       ICRA A4      70      -
‘ISSUER NOT COOPERATING’ category due to non-submission of monthly ‘No Default Statement’
(“NDS”)
Deccan Ispat Ltd                        STUnallocated Limits  ICRA A4      30      -
‘ISSUER NOT COOPERATING’ category due to non-submission of monthly ‘No Default Statement’
(“NDS”)
Ecap Equities Ltd                       ST NCD programme      ICRA A1+     1500    Assigned
Ecap Equities Ltd                       CP Programme          ICRA A1+     7500    outstanding
Ecap Equities Ltd                       ST Principle          PP-MLDICRA   1500    Assigned
                                        Protected Market      A1+
                                        Linked Debenture Programme
Ecl Finance Ltd                         ST NCD Programme      ICRA A1      1000    Outstanding
Ecl Finance Ltd                         CP Programme          ICRA A1+     45000   Assigned /
                                                                                   Outstanding
Ecl Finance Ltd                         CP Programme (IPO     ICRA A1+     60000   Outstanding
                                        financing
Ecl Finance Ltd                         CP Programme          ICRA A1+     36000   Outstanding
Ecl Finance Ltd                         ST Principal          PP-MLDICRA   9000    Outstanding
                                        Protected Market      A1+
                                        Linked Debenture Programme
Edelweiss Commodities Services          CP Programme          ICRA A1+     70000   outstanding
Ltd
Edelweiss Commodities Services          ST NCD 100 Programme  ICRA A1+     1000    outstanding
Ltd
Edelweiss Commodities Services          CP Programme (IPO     ICRA A1+     600000  outstanding
Ltd                                     financing)
Edelweiss Commodities Services          ST Principal          PP-MLDICRA   5000    outstanding
Ltd                                     Protected Market      A1+
                                        Linked Debenture Programme
Edelweiss Finvest Pvt Ltd               ST NCD Programme      ICRA A1+     2000    Assigned
(Efpl) (Erstwhile Arum
Investments Pvt Ltd)
Edelweiss Finvest Pvt Ltd               CP Programme          ICRA A1+     10000   outstanding
(Efpl) (Erstwhile Arum
Investments Pvt Ltd)
Edelweiss Finvest Pvt Ltd               ST Principal          PP-MLDICRA   1500    outstanding
(Efpl) (Erstwhile Arum                  Protected Market      A1+
Investments Pvt Ltd)                    Linked Debenture Programme
Emkay Global Financial                  ST non-fund based Bk  ICRA A1      1750    Upgraded
Services Ltd                            Fac                                        from ICRA A2+
Gb Engineering Enterprises Pvt          ST, FBL**             ICRA D       50      -
Ltd
ISSUER NOT COOPERATING / **Sublimit of Fund Based Limits
Harshita Polypack                       Non-fund based – BG   ICRA A4      0.9     -
Rating continues to remain in the ‘Issuer Not Cooperating’ category
Icici Prudential Asset                  ICICI Prudential      ICRA A1+mfs  -       Assigned
Management Co. Ltd                      Fixed Maturity - Plan
                                        – Series 82 – 103 Days Plan O
Indian Metals & Ferro Alloys            FB working capital    ICRA A1      3870    Reaffirmed
Ltd                                     limits
Indian Metals & Ferro Alloys            Non-fund based        ICRA A1      630     Reaffirmed
Ltd                                     working-capital limits
India Dairy Products Ltd                Non-FBL               ICRA A3      16.5    -
Rating continues to remain in the ‘Issuer Not Cooperating’ category
Jay Metal                               ST Facility^          ICRA A4      -       -
Rating continuous to remain under ‘Issuer Not Cooperating’ category / ^Sublimit of term loan
Lakshmi Ganapathi Rice Mill             BG*                   ICRA A4+     -       Outstanding
*Sub-limit of cash credit
Marketing Rex                           ST-Fund Based         ICRA A4+     30      -
ISSUER NOT COOPERATING
Marketing Rex                           ST-Non fund based     ICRA A4+     40      -
ISSUER NOT COOPERATING
Mcnroe Consumer Products Pvt            Non-Fund Based        ICRA A3+     70      Reaffirmed
Ltd                                     –Foreign LOC
Modern Communication And                LOC (LC)              ICRA A3      20      Reaffirmed
Broadcast Systems Pvt Ltd
Modern Communication And                BG                    ICRA A3      25      Reaffirmed
Broadcast Systems Pvt Ltd
Modern Communication And                Credit Exposure       ICRA A3      -       Reaffirmed
Broadcast Systems Pvt Ltd               Limit-Sublimit to LC
Modern Communication And                Bill                  ICRA A3      -       Reaffirmed
Broadcast Systems Pvt Ltd               Discounting-Sublimit
                                        to LC
Modern Communication And                Buyer’s               ICRA A3      -       Reaffirmed
Broadcast Systems Pvt Ltd               Credit-Sublimit to LC
Ncl Wintech India Ltd                   Non-FBL               ICRA A2      65      Reaffirmed
Ocl India Ltd                           Non-fund Based        ICRA A1+     3510*   Reaffirmed
                                        Working Capital Fac
*earlier rated on both long term and short term scale
Ocl India Ltd                           Unallocated – ST      ICRA A1+     -       Reaffirmed
Oswal Woollen Mills Ltd                 CP                    ICRA A1+     2500    Assigned/
                                                                                   Outstanding
Oswal Woollen Mills Ltd                 LOC                   ICRA A1+     1590    outstanding
Oswal Woollen Mills Ltd                 Packing Credit        ICRA A1+     250     outstanding
Prognosys Medical Systems Pvt           Non-Fund Based - LOC  ICRA A4      10      -
Ltd
ISSUER NOT COOPERATING
Prometrik Engineering                   Non-fund based        ICRA A4      50      Reaffirmed
Ltd(Formerly Andhra Sinter Ltd)
Ramkrishna Forgings Ltd                 Non-fund              ICRA A2+     2390    Reaffirmed
                                        based-Working Capital
                                        Fac
R.K & Sons                              ST – non-fund based   ICRA A4+     80      -
Reason for delay in carrying out periodic review – Review process underway
Radhika Packaging Pvt Ltd               Non-fund based – BG   ICRA A4      1.2     -
Rating continues to remain in the ‘Issuer Not Cooperating’ category
Sbi Global Factors Ltd                  ST Bk lines           ICRA A1+     10000   Reaffirmed
Sbi Global Factors Ltd                  ST debt programme     ICRA A1+     20000   Reaffirmed
Suyash Polymer                          Non-fund based – BG   ICRA A4      1.3     -
ISSUER NOT COOPERATING
Swastik Enterprise                      BG                    ICRA A4      50      -
ISSUER NOT COOPERATING
Swastik Tradelink Pvt Ltd               LOC                   ICRA A4      -       -
ISSUER NOT COOPERATING
Synco Industries Ltd                    Non-Fund based BG     ICRA A4      15      Reaffirmed
Veejay International (India)            FBL – FDBP/FUDBP/     ICRA A4      70      ISSUER NOT
                                        AFDBC**                                    COOPERATING
**Foreign discount bill purchase/foreign usance discount bill purchase/ advance against foreign
documentary bills for collection
Veejay International (India)            FBL –Packing Credit/  ICRA A4      -       ISSUER NOT
                                        Packing Credit in                          COOPERATING
                                        Foreign Currency***
***Packing credit/ Packing Credit Foreign Currency limit is a sub limit of FDBP/FUDBP/ AFDBC
Veejay International (India)            NFBL – Letter of      ICRA A4      10      ISSUER NOT
                                        Guarantee                                  COOPERATING
Veejay International (India)            NFBL – Imp/Inland     ICRA A4      -       ISSUER NOT
                                        LOC****                                    COOPERATING
**** Letter of Credit is a sub limit of Letter of Guarantee
Warade Pack Tech Pvt Ltd                Non Fund based-BG     ICRA A4      35      -
ISSUER NOT COOPERATING
Winmax Ceramic Pvt Ltd                  Non-fund Based BG     ICRA A4      15      Reaffirmed

LONG TERM RATINGS:
-------------------
Aditya Birla Finance Ltd                Perpetual debt        ICRA AA(hyb) 7000    outstanding
                                        programme
Aditya Birla Finance Ltd                NCD programme         ICRA AA+     160000  outstanding
Aditya Birla Finance Ltd                Unsecured NCD         ICRA AA+     15000   outstanding
                                        programme
Aditya Birla Finance Ltd                Subordinated debt     ICRA AA+     25000   outstanding
                                        programme
Aditya Birla Finance Ltd                Bk lines              ICRA AA+/    187225  Assigned/
                                                              ICRA A1+             Outstanding
Anantha Seafoods Pvt Ltd                LT- Export Packaging  ICRA BB-     150     -
(Formerly Supran Exim Pvt Ltd)          Credit
Reason for delay in carrying out periodic review: - Issuer non-cooperating
Anantha Seafoods Pvt Ltd                LT- CC                ICRA BB-     10      -
(Formerly Supran Exim Pvt Ltd)
Reason for delay in carrying out periodic review: - Issuer non-cooperating
Anantha Seafoods Pvt Ltd                LTUnallocated Limits  ICRA BB-     1.6     -
(Formerly Supran Exim Pvt Ltd)
Reason for delay in carrying out periodic review: - Issuer non-cooperating
Archean Chemical Industries             Bk Loans Ratings      ICRA D       6980    -
Pvt Ltd
Reason for delay in carrying out periodic review: - Issuer non-cooperating
Arihant Vastu Nirman Pvt Ltd            Fund based-TL         ICRA B+ ^    57.5    Withdrawn
^ due to non-submission of NDS
Ashok Handlooms Factory Pvt Ltd         FB – CC               ICRA B       56      Reaffirmed
Asm Technologies Ltd                    LT - CC               ICRA BBB     120     Reaffirmed
Asm Technologies Ltd                    LT - Unallocated      ICRA BBB     106.4   Reaffirmed
Auro Industries Ltd                     Fund based- CC        ICRA B+      80      -
Rating continues to remain in the ‘Issuer Not Cooperating’ category
Auro Impex & Chemicals Pvt.             FBL – CC              ICRA B       90      ISSUER NOT
Ltd.                                                                               COOPERATING
Auro Impex & Chemicals Pvt.             FBL – TL              ICRA B       17.1    ISSUER NOT
Ltd.                                                                               COOPERATING
Auro Impex & Chemicals Pvt.             United Limits         ICRA B /A4   11.9    ISSUER NOT
Ltd.                                                                               COOPERATING
Bafna Enterprises                       LT – fund based       ICRA BBB     70      -
Reason for delay in carrying out periodic review – Information yet to be received
Basant City Centre Malls Pvt            LT –Fund Based (TL)   ICRA B+      100     -
Ltd
Rating continuous to remain under ‘Issuer Not Cooperating’ category
Brajesh Packaging Pvt Ltd               Fund based-TL         ICRA B+      7.3     -
Rating continues to remain in the ‘Issuer Not Cooperating’ category
Brajesh Packaging Pvt Ltd               Fund based-CC         ICRA B+      67.5    -
Rating continues to remain in the ‘Issuer Not Cooperating’ category
Call Express Construction               LT - Fund Based TL    ICRA BB-     500     Reaffirmed
India Pvt Ltd
ISSUER NOT COOPERATING
Call Express Construction               Unallocated Limits    ICRA         100     Reaffirmed
India Pvt Ltd                                                 BB-/ICRA A4
ISSUER NOT COOPERATING
Carona Industries Pvt Ltd               TL Fac                ICRA D       41      -
ISSUER NOT COOPERATING
Carona Industries Pvt Ltd               LT, FBL               ICRA D       145     -
ISSUER NOT COOPERATING
Carona Industries Pvt Ltd               Proposed LT Facilties ICRA D       112.7   -
ISSUER NOT COOPERATING
Carona Industries Pvt Ltd               Fund Based Sublimit   ICRA D       -       -
                                        Fac (ST)
ISSUER NOT COOPERATING
Carona Industries Pvt Ltd               FB Fac (ST)           ICRA D       15      -
ISSUER NOT COOPERATING
Carona Industries Pvt Ltd               Non-FB Fac (ST        ICRA D       46.3    -
ISSUER NOT COOPERATING
Chiddarwar Construction                 Fund based-CC         ICRA B       70      ISSUER NOT
Company Pvt Ltd                                                                    COOPERATING
Clp Wind Farms (India) Pvt Ltd          NCD                   ICRA AA      6000    -
Reason for delay in carrying out periodic review: - Review process is underway
Ecap Equities Ltd                       NCD programme         ICRA AA      2500    Assigned
Ecap Equities Ltd                       NCD programme         ICRA AA      5000    outstanding
Ecap Equities Ltd                       LT Market Linked      PP-MLDICRA   18500   outstanding
                                        Debenture programme   AA
Ecl Finance Ltd                         NCD Programme         ICRA AA      73500   Outstanding
Ecl Finance Ltd                         Subordinated Debt     ICRA AA      11500   Outstanding
                                        Programme
Ecl Finance Ltd                         Bk Lines              ICRA AA      110000  Outstanding
Ecl Finance Ltd                         LT Principal          PP-MLDICRA   3000    Outstanding
                                        Protected Market      AA
                                        Linked Debenture Programme (Unsecured and Subordinated)
Ecl Finance Ltd                         LT Principal          PP-MLDICRA   23500   Outstanding
                                        Protected Market      AA
                                        Linked Debenture Programme
Edelweiss Commodities Services          NCD Programme         ICRA AA      3000    Assigned
Ltd
Edelweiss Commodities Services          NCD Programme         ICRA AA      47000   outstanding
Ltd
Edelweiss Commodities Services          Bk Lines              ICRA AA      20000   outstanding
Ltd
Edelweiss Finvest Pvt Ltd               NCD Programme         ICRA AA      2500    Assigned
(Efpl) (Erstwhile Arum
Investments Pvt Ltd)
Edelweiss Finvest Pvt Ltd               Subordinated Debt     ICRA AA      1000    outstanding
(Efpl) (Erstwhile Arum                  Programme
Investments Pvt Ltd)
Edelweiss Finvest Pvt Ltd               Bk Lines 500.00       ICRA AA      5000    outstanding
(Efpl) (Erstwhile Arum
Investments Pvt Ltd)
Edelweiss Finvest Pvt Ltd               NCD 600 Programme     ICRA AA      6000    outstanding
(Efpl) (Erstwhile Arum
Investments Pvt Ltd)
Edelweiss Finvest Pvt Ltd               LT Principal          PP-MLDICRA   11000   outstanding
(Efpl) (Erstwhile Arum                  Protected Market      AA
Investments Pvt Ltd)                    Linked Debenture Programme
Edelweiss Finvest Pvt Ltd               LT Principal          PP-MLDICRA   2000    outstanding
(Efpl) (Erstwhile Arum                  Protected Market      AA
Investments Pvt Ltd)                    Linked Debenture Programme 200.00 (unsecured)
Gb Engineering Enterprises Pvt          LT, FBL               ICRA D       240     -
Ltd
ISSUER NOT COOPERATING
Gb Engineering Enterprises Pvt          Non-FBL               ICRA D       192.8   -
Ltd
ISSUER NOT COOPERATING
Gb Engineering Enterprises Pvt          LT/ST Unallocated     ICRA D       32.6    -
Ltd
ISSUER NOT COOPERATING
Gmr Chhattisgarh Energy Ltd             TL                    ICRA D       58500   Reaffirmed
Gmr Chhattisgarh Energy Ltd             Unallocated Limits    ICRA D       18670   Reaffirmed
Gmr Kamalanga Energy Ltd                Fund based - TL       ICRA D       34050   -
ISSUER NOT COOPERATING
Gmr Kamalanga Energy Ltd                Non-fund based        ICRA D       4500    -
ISSUER NOT COOPERATING
Harshita Polypack                       Fund basedTL          ICRA B+      13.7    -
Rating continues to remain in the ‘Issuer Not Cooperating’ category
Harshita Polypack                       Fund based-CC         ICRA B+      46      -
Rating continues to remain in the ‘Issuer Not Cooperating’ category
Icici Prudential Asset                  ICICI Prudential      ICRA AAAmfs  -       outstanding
Management Co. Ltd                      Fixed Maturity - Plan
                                        – Series 82 – 1185 Days Plan I
Icici Prudential Asset                  ICICI Prudential ST   ICRA AAAmfs  -       outstanding
Management Co. Ltd                      Plan -
Icici Prudential Asset                  ICICI Prudential      ICRA AAAmfs  -       outstanding
Management Co. Ltd                      Dynamic Bond - Fund
Icici Prudential Asset                  ICICI Prudential      ICRA AAmfs   -       outstanding
Management Co. Ltd                      Corporate Bond - Fund
Iced Desserts & Foods Parlours          Fund based-TL         ICRA D       150     -
(India) Pvt Ltd
ISSUER NOT COOPERATING
Ncl Wintech India Ltd                   Fund based-TL         ICRA BBB+    107.9   Reaffirmed
Ncl Wintech India Ltd                   Fund based- Working   ICRA BBB+    180     Reaffirmed
                                        Capital Fac
Ncl Wintech India Ltd                   Unallocated Limits    ICRA BBB+    7.1     Reaffirmed
                                                              /ICRA A2
Indian Metals & Ferro Alloys            TL                    ICRA A       6795.8  Upgraded
Ltd                                                                                from ICRA A-
India Dairy Products Ltd                FBL                   ICRA BBB-    183     -
Rating continues to remain in the ‘Issuer Not Cooperating’ category
India Dairy Products Ltd                Untied Limits         ICRA BBB- /  0.5     -
                                                              A3
Rating continues to remain in the ‘Issuer Not Cooperating’ category
Jay Metal                               CC                    ICRA B       25      -
Rating continuous to remain under ‘Issuer Not Cooperating’ category
Jay Metal                               TL                    ICRA B       28.5    -
Rating continuous to remain under ‘Issuer Not Cooperating’ category
Jay Umiya Industries                    CC                    ICRA B       55      -
ISSUER NOT COOPERATING
Jay Umiya Industries                    TL                    ICRA B       13.4    -
ISSUER NOT COOPERATING
K. B. Products Pvt Ltd                  FB- CC                ICRA B       54.5
Rating continues to remain under ‘Issuer Not Cooperating’ category
K. B. Products Pvt Ltd                  Unallocated Limit     ICRA B       15.5
Rating continues to remain under ‘Issuer Not Cooperating’ category
Khedut Decor Pvt. Ltd.                  FB - CC               ICRA BB-     100     Reaffirmed
Kohinoor Education Trust                Fund based-TL         ICRA D       600     -
ISSUER NOT COOPERATING
Kohinoor Education Trust                Non-Fund based- BG    ICRA D       10      -
ISSUER NOT COOPERATING
Lakshmi Ganapathi Rice Mill             Fund based-CC         ICRA BB      250     Outstanding
Lakshmi Ganapathi Rice Mill             Unallocated           ICRA BB      50      Assigned
M/S Jagatpal Singh                      FBL – CC              ICRA B+      6       -
Rating continues to remain in the ‘Issuer Not Cooperating’ category
M/S Jagatpal Singh                      Non-FBL – Bk Guarante ICRA B+ /    45      -
                                                              A4
Rating continues to remain in the ‘Issuer Not Cooperating’ category
M/S Jagatpal Singh                      Fund Based/Non FBL –  ICRA B+ /    4       -
                                        Untied Limits         A4
Rating continues to remain in the ‘Issuer Not Cooperating’ category
Maithan Ispat Ltd                       PS                    ICRA C       3576.6  -
ISSUER NOT COOPERATING
Marketing Rex                           Fund based-CC         ICRA BB      30      -
ISSUER NOT COOPERATING
Mcnroe Consumer Products Pvt            Fund Based- Working   ICRA BBB     450     Reaffirmed
Ltd                                     Capital Limits
Meera Casting                           CC                    ICRA B       40      -
ISSUER NOT COOPERATING
Meera Casting                           TL                    ICRA B       26.5    -
ISSUER NOT COOPERATING
Melange Developers                      Bk Loan Rating        ICRA BB-     400     -
Reason for delay in carrying out periodic review: - Issuer delayed in giving information
Modern Communication And                CC                    ICRA BBB-    45      Reaffirmed
Broadcast Systems Pvt Ltd
Modern Communication And                TL                    ICRA BBB-    30      Reaffirmed
Broadcast Systems Pvt Ltd
Modern Communication And                Unallocated           ICRA BBB- /  25      Reaffirmed
Broadcast Systems Pvt Ltd                                     A3
Ocl India Ltd                           FB TL                 ICRA AA      4587.9  Reaffirmed
Ocl India Ltd                           FB Working Capital FacICRA AA      4000*   Reaffirmed
*earlier rated on both long term and short term scale
Ocl India Ltd                           Unallocated – LT      ICRA AA      -       Reaffirmed
Ocl India Ltd                           NCD                   ICRA AA      6000    Reaffirmed
Orient Green Power Co. Ltd              Bk Loans              ICRA D       1155    -
Reason for delay in carrying out periodic review.
Oswal Woollen Mills Ltd                 CC                    ICRA A+      3500    outstanding
Oswal Woollen Mills Ltd                 TL                    ICRA A+      1969.3  outstanding
Oswal Woollen Mills Ltd                 BG                    ICRA A+      50      outstanding
Oswal Woollen Mills Ltd                 Unallocated           ICRA A+      367.5   outstanding
Pristine Developers                     Fund based-TL         ICRA BB-     1450    -
ISSUER NOT COOPERATING
Prognosys Medical Systems Pvt           Fund Based - CC       ICRA B+      25      -
Ltd
Revised from ICRA BB- (Stable) and moved to ‘Issuer Not Cooperating’ category
Prognosys Medical Systems Pvt           Non-Fund Based - BG   ICRA B+      65      -
Ltd
Revised from ICRA BB- (Stable) and moved to ‘Issuer Not Cooperating’ category
Prometrik Engineering                   FBL                   ICRA BB-     125     Upgraded
Ltd(Formerly Andhra Sinter Ltd)                                                    from ICRA B+
Prometrik Engineering                   Unallocated           ICRA BB-     125     Upgrade from
Ltd(Formerly Andhra Sinter Ltd)                                                    ICRA B+
Ramkrishna Forgings Ltd                 FB-TL                 ICRA A-      4430    Reaffirmed
Ramkrishna Forgings Ltd                 Fund based- Working   ICRA A-      4600    Reaffirmed
                                        Capital Fac
R.K & Sons                              LT – fund based       ICRA BB+     40      -
Reason for delay in carrying out periodic review – Review process underway
R.K & Sons                              LT/ST Unallocated     ICRA BB+ /   12.5    -
                                                              A4+
Reason for delay in carrying out periodic review – Review process underway
Radhika Packaging Pvt Ltd               Fund based-TL         ICRA B+      10.9    -
Rating continues to remain in the ‘Issuer Not Cooperating’ category
Radhika Packaging Pvt Ltd               Fund based-CC         ICRA B+      46      -
Rating continues to remain in the ‘Issuer Not Cooperating’ category
Revathi Modern Rice Mill                LT – FB               ICRA BB-     123     Upgraded
                                                                                   from ICRA B+
Revathi Modern Rice Mill                Unallocated Limit     ICRA BB-     7       Upgraded
                                                                                   from ICRA B+
Riddhi Siddhi Cotton Ginning &          CC                    ICRA D       200     -
Pressing Pvt. Ltd.
ISSUER NOT COOPERATING
Sbi Global Factors Ltd                  Sub. Debt Programme   ICRA AAA     1598    Reaffirmed
Sbi Global Factors Ltd                  LT Bk lines           ICRA AAA     10000   Reaffirmed
Shree Khodal Cot-Gin Pvt. Ltd           CC                    ICRA D       65
ISSUER NOT COOPERATING
Shree Khodal Cot-Gin Pvt. Ltd           TL                    ICRA D       18.5    Revised from
                                                                                   ICRA B+
Rating continuous to remain under ‘Issuer Not Cooperating’ category
Shree Laxmi Guar Gum Industries         CC                    ICRA B       45      -
ISSUER NOT COOPERATING
Shree Laxmi Guar Gum Industries         TL                    ICRA B       14.4    -
ISSUER NOT COOPERATING
Sri Laxmi Srinivasa Roller              FBL- CC               ICRA B+      65      Reaffirmed
Flour Mills
Sri Laxmi Srinivasa Roller              FBL- TL               ICRA B+      1       Reaffirmed
Flour Mills
Sri Laxmi Srinivasa Roller              Unallocated limits    ICRA B+      4       Reaffirmed
Flour Mills
Sunil And Company                       FB CC                 ICRA B-      75      Reaffirmed
Sunil And Company                       FB Channel Funding    ICRA B-      20      Reaffirmed
Suyash Polymer                          Fund basedTL          ICRA B+      8.6     -
ISSUER NOT COOPERATING
Suyash Polymer                          Fund based-CC         ICRA B+      46      -
ISSUER NOT COOPERATING
Swastik Enterprise                      CC                    ICRA BB-     80      -
ISSUER NOT COOPERATING
Swastik Tradelink Pvt Ltd               CC                    ICRA BB-     80      -
ISSUER NOT COOPERATING
Synco Industries Ltd                    FB CC                 ICRA C+      85      Reaffirmed
Tata International Ltd                  Issuer Rating         ICRA A       -       Withdrawn
T.K. Engineering Consortium             FBL – CC              ICRA B       280     Downgraded
Pvt Ltd                                                                            from ICRA
                                                                                   BBB+
T.K. Engineering Consortium             Unallocated Limits    ICRA B /     200     Downgraded
Pvt Ltd                                                       ICRA A4              from ICRA
                                                                                   BBB+/ ICRA A2
T.K. Engineering Consortium             Non-FB Fac – BG       ICRA B/      2320    Downgraded
Pvt Ltd                                                       ICRA A4              from ICRA
                                                                                   BBB+/ ICRA A2
Vasant Cotton                           CC                    ICRA B       47.5
Reason for delay in carrying out periodic review: - Review process is underway
Vasant Cotton                           TL                    ICRA B       12.4    -
Reason for delay in carrying out periodic review: - Review process is underway
Vaya Finserv Pvt Ltd                    TL                    ICRA BBB-    500     Assigned
Vaya Finserv Pvt Ltd                    Unallocated Bk lines  ICRA BBB-    4500    Assigned
Vishwasrao Naik Sahakari                Bk Loan Rating        ICRA BB-     100     -
Sakhar Karkhana Ltd
Reason for delay in carrying out periodic review: - Issuer delayed in giving information
Warade Pack Tech Pvt Ltd                Fund based-CC         ICRA B       50      -
ISSUER NOT COOPERATING
Warade Pack Tech Pvt Ltd                Fund based/Non Fund   ICRA B / A4  5       -
                                        based-Unallocated
ISSUER NOT COOPERATING
Yash Pal & Sons Huf                     LT Fund based/TL      ICRA B+      195     -
ISSUER NOT COOPERATING
Winmax Ceramic Pvt Ltd                  FB TL                 ICRA B       50      Reaffirmed
Winmax Ceramic Pvt Ltd                  FB CC                 ICRA B       60      Reaffirmed   
--------------------------------------------------------------------------------------------
$: 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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