March 19, 2018 / 10:25 AM / a month ago

RPT-ICRA ratings for Indian debt instruments-Mar 19

 (Repeating to add more ratings)
    Mar 19 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of March 16, 2018.

COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Aditya Birla Housing Finance            CP programme          ICRA A1+     15000   outstanding
Ltd
Abhishek Steel Industries Ltd           Non-FBL               ICRA A4      100     Downgraded
                                                                                   from ICRA]A4+
Issuer Not Cooperating’ category
Alivira Animal Health Ltd               ST, Non-FBL           ICRA A2+     850     Reassigned
                                                                                   from
                                                                                   ICRA]A2+(SO)
Alivira Animal Health Ltd               ST, FB Limits         ICRA A2+     250     Reassigned
                                                                                   from
                                                                                   ICRA]A2+(SO)
Antony Motors Pvt Ltd                   ST: Non-fundbased     ICRA A4      100     -
                                        limits
Rating continues to remain in the ‘Issuer Not Cooperating’ category
Autometers Alliance Ltd                 ST FB Bk Fac          ICRA A3+     400     Reaffirmed
Autometers Alliance Ltd                 ST non-FB Bk Fac      ICRA A3+     150     Reaffirmed
Balrampur Chini Mills Ltd               CP 1                  ICRA A1+     12000   re-affirmed
Itd-Itd Cem Joint Venture               ST Non-FBL 202.0      ICRA         3050    Reaffirmed
                                                              A1(SO)^
^The rated instrument does not involve a structured payment mechanism
Chalet Hotels Pvt Ltd                   Non-fund based        ICRA A3+     750     Reaffirmed
                                        Working Capital Fac
Export-Import Bank Of India             ST Debt Programme     ICRA A1+     -       Reaffirmed
total limit rated for long-term / short-term certificate of deposits and short-term debt
together is Rs. 15,651.95 crore and the amount outstanding would not exceed the said limit.
Fiat India Automobiles Pvt Ltd          CP                    ICRA A1+     5000    Reaffirmed
Iifl Wealth Finance Ltd                 CP programme (IPO     ICRA A1+     40000   Assigned
                                        financing)
Iifl Wealth Finance Ltd                 CP programme          ICRA A1+     55000   outstanding
Iifl Wealth Management Ltd              CP programme (IPO     ICRA A1+     20000   Assigned
                                        financing)
Iifl Wealth Management Ltd              CP programme          ICRA A1+     5000    outstanding
India Infoline Finance Ltd              CP programme (IPO     ICRA A1+     50000   Assigned
                                        financing)
India Infoline Finance Ltd              CP programme          ICRA A1+     90000   outstanding
Karvy Stock Broking Ltd                 CP                    ICRA A1+     3000    Assigned
Karvy Stock Broking Ltd                 ST Debt               ICRA         1250    outstanding
                                                              A1+(SO)*
*The structured Obligation (SO) rating is backed by a stand-by facility from HDFC Bank
Kh Exports India Pvt Ltd                LOC                   ICRA A1      650     Upgraded
                                                                                   from ICRA]A2+
Kh Exports India Pvt Ltd                BG*                   ICRA A1      -50     Upgraded
                                                                                   from ICRA]A2+
Kh Exports India Pvt Ltd                ST unallocated        ICRA A1      1039    Upgraded
                                                                                   from ICRA]A2+
Mahindra Logistics Ltd                  Non-Fund Based        ICRA A1+     150     Reaffirmed
                                        Working Capital Fac
Northern Arc Investment                 Fund Manager Quality  AMC Quality  -       Reaffirmed
Managers Pvt Ltd                        Rating (FMQR) --      2(AMC2)
Sequent Scientific Ltd                  ST, Non-fund Based 40 ICRA A2+     690     Reaffirmed#
                                        Limits
Singhal Strips Ltd                      Non-fund Based: LOC   ICRA A4+     -       Assigned/
                                        Unallocated                                outstanding 
Spice Islands Apparels Ltd              Fund based- PCL/ PCFC ICRA A4      20      ISSUER NOT
                                                                                   COOPERATING
Spice Islands Apparels Ltd              Fund based-           ICRA A4      40      ISSUER NOT
                                        FDBP/FUDBP/BDFC/BPFC                       COOPERATING
Spice Islands Apparels Ltd              Non Fund based- BG    ICRA A4      2       ISSUER NOT
                                                                                   COOPERATING
Sterling Automobiles Pvt Ltd            Inventory Funding     ICRA A3      215     Reaffirmed
Sterling Automobiles Pvt Ltd            NFBL                  ICRA A3      3       Reaffirmed
Trapti Trading And Investments          CP Programme          ICRA A1+     17500   Assigned
Pvt Ltd                                                                            /outstanding
Ushodaya Enterprises Pvt Ltd            ST, FB Bk Fac         ICRA A1+     1100    Re-affirmed
Ushodaya Enterprises Pvt Ltd            ST, Non-fund Based Bk ICRA A1+     100     Re-affirmed
                                        Fac
Viacom18 Media Pvt Ltd                  CP / ST Debt          ICRA A1+     5000    Re-affirmed
                                        Programme
Viacom18 Media Pvt Ltd                  ST, FB Bk     Fac LT  ICRA A1+     2000    Re-affirmed
                                        / ST, FB

LONG TERM RATINGS:
-------------------
4 Genius Minds                          -                     -            -       ISSUER NOT
                                                                                   COOPERATING
(Due to non submission of monthly ‘No Default Statement’ (“NDS”) by the entity.)
Abhishek Steel Industries Ltd           FB Limits             ICRA BB      100     Downgraded
                                                                                   from ICRA]BB+
Issuer Not Cooperating’ category
Aditya Birla Housing Finance            NCD programme         ICRA AA+     20000   outstanding
Ltd
Aditya Birla Housing Finance            Subordinated debt     ICRA AA+     10000   outstanding
Ltd                                     programme
Aditya Birla Housing Finance            Bk lines programme    ICRA AA+/    73600   Assigned/
Ltd                                                           ICRA A1+             outstanding
Abhishek Steel Industries Ltd           Untied Limits         ICRA BB      20      Downgraded
                                                                                   from ICRA]BB+
Issuer Not Cooperating’ category
Advantage Computers India Pvt           -                     -            -       ISSUER NOT
Ltd                                                                                COOPERATING
(Due to non submission of monthly ‘No Default Statement’ (“NDS”) by the entity.)
Alivelu Rice Products                   -                     -            -       ISSUER NOT
                                                                                   COOPERATING
(Due to non submission of monthly ‘No Default Statement’ (“NDS”) by the entity.)
Alivira Animal Health Ltd               LT, Fundbased Limits  ICRA BBB+    350     Reassigned
                                                                                   from
                                                                                   ICRA]BBB+
(SO)
‘rating watch with developing implications’ removed and Stable , outlook
Alivira Animal Health Ltd               TL                    ICRA BBB+    1250    Reassigned
Antony Motors Pvt Ltd                   LT: Fund Based        ICRA B+      85      -
Rating continues to remain in the ‘Issuer Not Cooperating’ category
Aptus Value Housing Finance             PTC Series A3         ICRA A(SO)   3.6     Revised from
India Ltd                                                                          ICRA BBB(SO)
Aptus Value Housing Finance             PTC Series A2         ICRA A+(SO)  46.7    Revised from
India Ltd                                                                          ICRA BBB+(SO)
Autometers Alliance Ltd                 LT FB Bk Fac          ICRA BBB     400     Reaffirmed
Autometers Alliance Ltd                 LT non-FB Bk Fac      ICRA BBB     1350    Reaffirmed
Balrampur Chini Mills Ltd               Fund based-TL         ICRA AA      1083    re-affirmed
Balrampur Chini Mills Ltd               Fund based- Working   ICRA AA      21750   re-affirmed
                                        Capital Fac
Badepally Municipality                  -                     -            -       ISSUER NOT
                                                                                   COOPERATING
(Due to non submission of monthly ‘No Default Statement’ (“NDS”) by the entity.)
Bansal Brothers                         -                     -            -       ISSUER NOT
                                                                                   COOPERATING
(Due to non submission of monthly ‘No Default Statement’ (“NDS”) by the entity.)
Bhimavaram Municipality                 -                     -            -       ISSUER NOT
                                                                                   COOPERATING
(Due to non submission of monthly ‘No Default Statement’ (“NDS”) by the entity.)
Brij Gopal Construction                 FBL                   ICRA BBB     500     Reaffirmed
Company (P) Ltd
Brij Gopal Construction                 Non-FBL               ICRA BBB     1500    Reaffirmed
Company (P) Ltd
Central Railside Warehouse Co.          LT: Unallocated LimitsICRA A+      150     Reaffirmed
Ltd
Chalet Hotels Pvt Ltd                   Fund based-TL         ICRA BBB     15707.9 Reaffirmed
Chalet Hotels Pvt Ltd                   FB Working Capital FacICRA BBB     1150    Reaffirmed
Chandri Paper & Allied                  FB- CC                ICRA D       125     Downgraded
Products Pvt Ltd                                                                   from ICRA BB-
ISSUER NOT COOPERATING
Chandri Paper & Allied                  Non-fund Based        ICRA D       212.5   downgraded
Products Pvt Ltd                        Facility                                   from ICRA A4
ISSUER NOT COOPERATING
Devi Iron And Power Pvt Ltd             -                     -            -       ISSUER NOT
                                                                                   COOPERATING
(Due to non submission of monthly ‘No Default Statement’ (“NDS”) by the entity.)
Dhandumariamman Steels                  -                     -            -       ISSUER NOT
                                                                                   COOPERATING
(Due to non submission of monthly ‘No Default Statement’ (“NDS”) by the entity.)
Dhirendra Narayan Cold Storage          -                     -            -       ISSUER NOT
Pvt Ltd                                                                            COOPERATING
(Due to non submission of monthly ‘No Default Statement’ (“NDS”) by the entity.)
Eta Constructions (India) Ltd           TL                    ICRA BBB-    1250    Reaffirmed
Eta Constructions (India) Ltd           Overdraft             ICRA BBB-    50      Reaffirmed
Eta Constructions (India) Ltd           Non-fund based        ICRA BBB-    50      Reaffirmed
Export-Import Bank Of India             Basel III com Add     ICRA         11000   Reaffirmed
                                        Tier-I Bonds          AA+(hyb)
Export-Import Bank Of India             LT Bonds Programme    ICRA AAA     351949  Reaffirmed
Export-Import Bank Of India             Bk Lines              ICRA AAA     30000   Reaffirmed
Export-Import Bank Of India             LT Bonds Programme    ICRA AAA     -       Withdrawn
Export-Import Bank Of India             Certificates of       MAAA         -       Reaffirmed
                                        Deposit Programme
                                        Fixed Deposits Programme
total limit rated for long-term / short-term certificate of deposits and short-term debt
together is Rs. 15,651.95 crore and the amount outstanding would not exceed the said limit.
Fiat India Automobiles Pvt Ltd          FB – CC               ICRA AA-     6250    Upgraded
                                                                                   from ICRA]A+
Fiat India Automobiles Pvt Ltd          FB – TL               ICRA AA-     13650   Upgraded
                                                                                   from ICRA]A+
Fiat India Automobiles Pvt Ltd          Non FB                ICRA AA- /   100     Upgraded
                                                              ICRA A1+             from ICRA]A+
                                                                                   / Reaffirmed
Reaffirmed
Hariharan Spinners (I) Pvt Ltd          -                     -            -       ISSUER NOT
(Erstwhile Hariharan Spinners                                                      COOPERATING
Ltd)
(Due to non submission of monthly ‘No Default Statement’ (“NDS”) by the entity.)
Hero Solar Energy Pvt Ltd               NCD Programme         ICRA A       1750    Reaffirmed
Himson Engineering Pvt Ltd              -                     -            -       ISSUER NOT
                                                                                   COOPERATING
(Due to non submission of monthly ‘No Default Statement’ (“NDS”) by the entity.)
Hi-Tech Sweet Water                     -                     -            -       ISSUER NOT
Technologies Pvt Ltd                                                               COOPERATING
(Due to non submission of monthly ‘No Default Statement’ (“NDS”) by the entity.)
Itd Cementation India Ltd               LT (LT) Fund Based-TL ICRA A       1000    Upgraded
                                                                                   from ICRA A-
Itd Cementation India Ltd               LT (LT) Fund          ICRA A       8000    Upgraded
                                        Based-Working                              from ICRA A-
                                        Capital
Itd Cementation India Ltd               LT/ST Non-Fund        ICRA A /     40000   Upgraded
                                        Based Limits LC/BG    ICRA A1              from ICRA
                                        Unallocated                                A-/Reaffirmed
Itd-Itd Cem Joint Venture               LT (LT) Fund Based-TL ICRA A(SO)   1400    Upgraded
                                                              ^                    from ICRA
                                                                                   A-(SO)
^The rated instrument does not involve a structured payment mechanism
Itd-Itd Cem Joint Venture               LT (LT) Fund          ICRA A(SO)   300     Upgraded
                                        Based-Working         ^                    from ICRA
                                                                                   A-(SO)
^The rated instrument does not involve a structured payment mechanism
Iifl Wealth Finance Ltd                 NCD programme         ICRA AA      3000    outstanding
Iifl Wealth Finance Ltd                 Unsecured NCD         ICRA AA      5000    outstanding
                                        programme
Iifl Wealth Finance Ltd                 LT principal          PP-MLDICRA   2000    outstanding
                                        protected market      AA
                                        linked debenture programme
Iifl Wealth Finance Ltd                 LT principal          PP-MLDICRA   25500   outstanding
                                        protected market      AA
                                        linked debenture programme
Iifl Wealth Management Ltd              Secured NCD programme ICRA AA      -       outstanding
India Infoline Finance Ltd              Secured NCD programme ICRA AA      20000   outstanding
India Infoline Finance Ltd              Unsecured NCD         ICRA AA      5000    outstanding
                                        programme
India Infoline Finance Ltd              Sub. Debt Programme   ICRA AA      10000   outstanding
India Infoline Finance Ltd              LT Bk Lines           ICRA AA      57750   outstanding
India Infoline Finance Ltd              LT debt programme     ICRA AA      25100   outstanding
India Infoline Finance Ltd              LT principal          PP-MLDICRA   5000    outstanding
                                        protected equity      AA
                                        linked debenture programme
India Infoline Finance Ltd              LT principal          PP-MLDICRA   1000    outstanding
                                        protected market      AA
                                        linked debenture programme
Indian Crop Science Pvt Ltd             -                     -            -       ISSUER NOT
                                                                                   COOPERATING
(Due to non submission of monthly ‘No Default Statement’ (“NDS”) by the entity.)
K.P. Saha Pvt Ltd Unit: Maa             -                     -            -       ISSUER NOT
Bameswari Rice Mill                                                                COOPERATING
(Due to non submission of monthly ‘No Default Statement’ (“NDS”) by the entity.)
Kailash Trading Corporation             -                     -            -       ISSUER NOT
                                                                                   COOPERATING
(Due to non submission of monthly ‘No Default Statement’ (“NDS”) by the entity.)
Karvy Stock Broking Ltd                 LT Bk Line            ICRA A+      2500    outstanding
Kh Exports India Pvt Ltd                LT unallocated        ICRA A       125     Upgraded
                                                                                   from ICRA]A-
outlook revised from Positive to Stable
Kish Exports Ltd                        -                     -            -       ISSUER NOT
                                                                                   COOPERATING
(Due to non submission of monthly ‘No Default Statement’ (“NDS”) by the entity.)
Lohia Jain Housing Company              Unallocated           ICRA BB      800     Assigned
L.A. Hotel Amp; Retreats Pvt            -                     -            -       ISSUER NOT
Ltd                                                                                COOPERATING
(Due to non submission of monthly ‘No Default Statement’ (“NDS”) by the entity.)
Lamp;T Transportation                   Fund based - TL       ICRA AA      588.7   Reaffirmed
Infrastructure Ltd
Laxmi Oil Amp; Vanaspati Pvt            -                     -            -       ISSUER NOT
Ltd                                                                                COOPERATING
(Due to non submission of monthly ‘No Default Statement’ (“NDS”) by the entity.)
Logix Soft-Tel Pvt Ltd                  NCD (NCD)             ICRA B+      4000    Withdrawn
Maa Bameswari Cold Storage Pvt          -                     -            -       ISSUER NOT
Ltd                                                                                COOPERATING
(Due to non submission of monthly ‘No Default Statement’ (“NDS”) by the entity.)
Mahalaxmi Technocast Ltd                -                     -            -       ISSUER NOT
                                                                                   COOPERATING
(Due to non submission of monthly ‘No Default Statement’ (“NDS”) by the entity.)
Mahamaya Steel Industries Ltd           -                     -            -       ISSUER NOT
                                                                                   COOPERATING
(Due to non submission of monthly ‘No Default Statement’ (“NDS”) by the entity.)
Mahindra Logistics Ltd                  FB Working Capital FacICRA AA      500     Reaffirmed
Nainital Municipal Council              -                     -            -       ISSUER NOT
                                                                                   COOPERATING
(Due to non submission of monthly ‘No Default Statement’ (“NDS”) by the entity.)
Navkar Buildcon                         -                     -            -       ISSUER NOT
                                                                                   COOPERATING
(Due to non submission of monthly ‘No Default Statement’ (“NDS”) by the entity.)
Neco Heavy Engineering And              -                     -            -       ISSUER NOT
Castings Ltd                                                                       COOPERATING
(Due to non submission of monthly ‘No Default Statement’ (“NDS”) by the entity.)
Norex Flavours Pvt Ltd                  -                     -            -       ISSUER NOT
                                                                                   COOPERATING
(Due to non submission of monthly ‘No Default Statement’ (“NDS”) by the entity.)
Northern Arc Capital Ltd                NCD                   ICRA A(SO)   50      Reaffirmed
(Erstwhile Ifmr Capital
Finance Ltd)
Northern Arc Capital Ltd                NCD                   ICRA A(SO)   100     Reaffirmed
(Erstwhile Ifmr Capital
Finance Ltd)
Northern Arc Capital Ltd                NCD                   ICRA A(SO)   100     Reaffirmed
(Erstwhile Ifmr Capital
Finance Ltd)
Northern Arc Capital Ltd                NCD                   ICRA A(SO)   100     Reaffirmed
(Erstwhile Ifmr Capital
Finance Ltd)
Northern Arc Capital Ltd                NCD                   ICRA A(SO)   100     Reaffirmed
(Erstwhile Ifmr Capital
Finance Ltd)
Northern Arc Capital Ltd                NCD                   ICRA A(SO)   75      Upgraded
(Erstwhile Ifmr Capital                                                            from
Finance Ltd)                                                                       ICRA]BBB+(SO)
Northern Arc Capital Ltd                NCD                   ICRA A(SO)   150     Upgraded
(Erstwhile Ifmr Capital                                                            from
Finance Ltd)                                                                       ICRA]BBB+(SO)
Northern Arc Capital Ltd                NCD                   ICRA A(SO)   100     Upgraded
(Erstwhile Ifmr Capital                                                            from
Finance Ltd)                                                                       ICRA]BBB+(SO)
Northern Arc Capital Ltd                NCD                   ICRA A(SO)   100     Upgraded
(Erstwhile Ifmr Capital                                                            from
Finance Ltd)                                                                       ICRA]BBB+(SO)
Northern Arc Capital Ltd                NCD                   ICRA A(SO)   100     Upgraded
(Erstwhile Ifmr Capital                                                            from
Finance Ltd)                                                                       ICRA]BBB+(SO)
Northern Arc Capital Ltd                NCD                   ICRA A(SO)   75      Upgraded
(Erstwhile Ifmr Capital                                                            from
Finance Ltd)                                                                       ICRA]BBB+(SO)
Northern Arc Capital Ltd                NCD                   ICRA A(SO)   150     Upgraded
(Erstwhile Ifmr Capital                                                            from
Finance Ltd)                                                                       ICRA]BBB+(SO)
Northern Arc Capital Ltd                NCD                   ICRA A-(SO)  200     Reaffirmed
(Erstwhile Ifmr Capital
Finance Ltd)
Northern Arc Capital Ltd                NCD                   ICRA A-(SO)  150     Reaffirmed
(Erstwhile Ifmr Capital
Finance Ltd)
Northern Arc Capital Ltd                NCD                   ICRA A-(SO)  150     Reaffirmed
(Erstwhile Ifmr Capital
Finance Ltd)
Northern Arc Capital Ltd                NCD                   ICRA A-(SO)  200     Reaffirmed
(Erstwhile Ifmr Capital
Finance Ltd)
Northern Arc Capital Ltd                NCD                   ICRA A-(SO)  100     Reaffirmed
(Erstwhile Ifmr Capital
Finance Ltd)
Northern Arc Capital Ltd                NCD                   ICRA A-(SO)  260     Reaffirmed
(Erstwhile Ifmr Capital
Finance Ltd)
Pluto Plaza Pvt Ltd                     -                     -            -       ISSUER NOT
                                                                                   COOPERATING
(Due to non submission of monthly ‘No Default Statement’ (“NDS”) by the entity.)
Pon Pure Logistics Pvt Ltd              LT, FB Fac            ICRA BB+     80      Reaffirmed
Precision Machines And                  -                     -            -       ISSUER NOT
Equipments Pvt. Ltd.                                                               COOPERATING
(Due to non submission of monthly ‘No Default Statement’ (“NDS”) by the entity.)
Rama Overseas Ltd                       -                     -            -       ISSUER NOT
                                                                                   COOPERATING
(Due to non submission of monthly ‘No Default Statement’ (“NDS”) by the entity.)
Ratan Housing Development Ltd           -                     -            -       ISSUER NOT
                                                                                   COOPERATING
(Due to non submission of monthly ‘No Default Statement’ (“NDS”) by the entity.)
Riddhi Agro Industries                  -                     -            -       ISSUER NOT
                                                                                   COOPERATING
(Due to non submission of monthly ‘No Default Statement’ (“NDS”) by the entity.)
Rkc Infrabuilt (Savli-Halol)            Fund based-TL         ICRA B-      366     Revised from
Road Projects Pvt Ltd                                                              ICRA]D
Rpl Projects Ltd                        -                     -            -       ISSUER NOT
                                                                                   COOPERATING
(Due to non submission of monthly ‘No Default Statement’ (“NDS”) by the entity.)
Sai Fertilizers Pvt Ltd                 -                     -            -       ISSUER NOT
                                                                                   COOPERATING
(Due to non submission of monthly ‘No Default Statement’ (“NDS”) by the entity.)
Sarthak Metals Ltd (Erstwhile           -                     -            -       ISSUER NOT
Sarthak Metals Marketing Pvt                                                       COOPERATING
Ltd)
(Due to non submission of monthly ‘No Default Statement’ (“NDS”) by the entity.)
Satish Chand Rajesh Kumar Pvt           -                     -            -       ISSUER NOT
Ltd                                                                                COOPERATING
(Due to non submission of monthly ‘No Default Statement’ (“NDS”) by the entity.)
Sequent Scientific Ltd                  TL                    ICRA BBB+    274.2   Reaffirmed
‘rating watch with developing implications’ removed and Stable , outlook
Sequent Scientific Ltd                  LT, FB 86.5 Limits    ICRA BBB+    710     Reaffirmed
‘rating watch with developing implications’ removed and Stable , outlook
Sequent Research Ltd                    TL                    ICRA BBB     80      Reaffirmed
‘rating watch with developing implications’ removed and Stable
Sequent Research Ltd                    LT,FBL                ICRA BBB     -       Reaffirmed
‘rating watch with developing implications’ removed and Stable
Singhal Strips Ltd                      Fund Based: CC        ICRA BB+     420     Assigned/
outstanding
Skyline Foundations And                 FBL                   ICRA BBB     150     Reaffirmed
Structures Pvt Ltd
Sri Krishna Kireeti Food                -                     -            -       ISSUER NOT
Products                                                                           COOPERATING
(Due to non submission of monthly ‘No Default Statement’ (“NDS”) by the entity.)
Sri Manjunatha Spinning Mills           -                     -            -       ISSUER NOT
Ltd                                                                                COOPERATING
(Due to non submission of monthly ‘No Default Statement’ (“NDS”) by the entity.)
Sterling Automobiles Pvt Ltd            TL                    ICRA BBB-    31      Reaffirmed
Sterling Automobiles Pvt Ltd            Unallocated           ICRA BBB-    1       Reaffirmed
                                                              /A3
Solar Energy Corporation Of             TL                    ICRA AA+ /   -       Reaffirmed
India Ltd                                                     ICRA A1+
Svg Fashions Ltd                        CC                    ICRA A       211.2   Reaffirmed
Svg Fashions Ltd                        TL                    ICRA A       494.3   Reaffirmed
Svg Fashions Ltd                        BG                    ICRA A       30      Reaffirmed
                                                              /ICRA A1
Svg Fashions Ltd                        Forward Contract      ICRA A       12.5    Reaffirmed
                                                              /ICRA A1
Svs Food Processors Pvt Ltd             -                     -            -       ISSUER NOT
                                                                                   COOPERATING
(Due to non submission of monthly ‘No Default Statement’ (“NDS”) by the entity.)
Suguna Holdings Pvt Ltd                 Proposed Fac          ICRA BBB/    900     Assigned
                                                              ICRA A3
The Calcutta Medical Research           -                     -            -       ISSUER NOT
Institute                                                                          COOPERATING
(Due to non submission of monthly ‘No Default Statement’ (“NDS”) by the entity.)
Tangerine Design Pvt Ltd                FB Limits             ICRA BBB -   585     Reassigned
                                                              (SO) /ICRA
                                                              A3 (SO)
Thirumeni Finance Pvt Ltd               NCD Programme         ICRA BBB     939     outstanding
Thirumeni Finance Pvt Ltd               NCD Programme         ICRA BBB     326.8   outstanding
Thirumeni Finance Pvt Ltd               Bk Fac                ICRA BBB     708     Assigned to
                                                                                   enhanced
                                                                                   limits
Triveni Silk Mills                      -                     -            -       ISSUER NOT
                                                                                   COOPERATING
(Due to non submission of monthly ‘No Default Statement’ (“NDS”) by the entity.)
Ushodaya Enterprises Pvt Ltd            LT / ST Unallocated   -            -       Re-affirmed
                                        Limits
Ushodaya Enterprises Pvt Ltd            Long-TL 268.62        ICRA AA      2084.7  Re-affirmed

Vellore Institute Of Technology         Fund Based -TL Fac    ICRA AA-     1247.5  Reaffirmed
Vellore Institute Of Technology         LT – Proposed Fac     ICRA AA-     1952.5  Reaffirmed
Viacom18 Media Pvt Ltd                  LT/ST/ Non-fund Based ICRA AAA /   13250   Upgraded
                                        Bk Fac                ICRA A1+             from
                                                                                   ICRA]AA% /
Reaffirmed
%’ denotes ‘Under rating watch with positive implications’
Viacom18 Media Pvt Ltd                  LT / ST Unallocated   ICRA AAA /   857     Upgraded
                                                              ICRA A1+             from
                                                                                   ICRA]AA% /
Reaffirmed
%’ denotes ‘Under rating watch with positive implications’
Vikas Filaments Pvt Ltd                 -                     -            -       ISSUER NOT
                                                                                   COOPERATING
(Due to non submission of monthly ‘No Default Statement’ (“NDS”) by the entity.)
Xrbia Abode Developers Pvt Ltd          FBL - CC              ICRA BBB+    600     Reaffirmed
outlook revised to Positive from Stable
Xrbia Ambience Realty Llp               FBL - CC              ICRA BBB+    800     Reaffirmed
outlook revised to Positive from Stable
Xrbia Chakan Developers Pvt Ltd         FBL - CC              ICRA BBB+    550     Reaffirmed
outlook revised to Positive from Stable
Xrbia Developers Ltd                    FBL - CC FBL - TL     ICRA BBB+    120     Reaffirmed
                                        Non-FBL
outlook revised to Positive from Stable
Xrbia Developers Ltd                    NF -TL                ICRA BBB+    3230    Reaffirmed
Xrbia Developers Ltd                    NFL                   ICRA BBB+    150     Reaffirmed
Xrbia North Hinjewadi                   FBL - CC              ICRA BBB+    150     Reaffirmed
Developers Pvt Ltd
outlook revised to Positive from Stable
Xrbia Warai Developers Pvt Ltd          FBL - CC              ICRA BBB+    1100    Reaffirmed
outlook revised to Positive from Stable
Yedeshwari Agro Products Ltd            -                     -            -       ISSUER NOT
                                                                                   COOPERATING
(Due to non submission of monthly ‘No Default Statement’ (“NDS”) by the entity.)
Zed Vitrified Pvt Ltd                   -                     -            -       ISSUER NOT
                                                                                   COOPERATING
(Due to non submission of monthly ‘No Default Statement’ (“NDS”) by the entity.)
--------------------------------------------------------------------------------------------
$: 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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