March 26, 2018 / 10:44 AM / in 8 months

RPT-ICRA ratings for Indian debt instruments-Mar 26

 (Repeating to add more ratings)
   Mar 26 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of March 23, 2018.


COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Asian Granito India Ltd                 CP                    ICRA A1+     400     Withdrawn
                                                              (SO)
Asian Granito India Ltd                 ST Non FB limits      ICRA A2      608.4   Outstanding
Edelweiss Financial Services            ST NCD Programme      ICRA A1+     1000
Ltd
Edelweiss Financial Services            CP Programme          ICRA A1+     63500   -
Ltd
Haldiram Foods International            Non-fund              ICRA A1+     30      Reaffirmed
Pvt Ltd                                 based-Working Capital
                                        Fac
Hariomkar Food Products Pvt Ltd         Non-fund              ICRA A2+     30      Upgraded
                                        based-Working Capital                      from ICRA A3+
                                        Fac
Imcola (Exports) Ltd                    FBL                   ICRA A1(S)   300     Reaffirmed
Imcola (Exports) Ltd                    NFBL                  ICRA A1(S)   350     Reaffirmed
Jm Financial Institutional              ST Bk lines           ICRA A1+     1000    Withdrawn
Securities Ltd
Lubi Industries Llp                     EPC/PCFC/FBP/FBD/EBR^ ICRA A1+             Upgraded
                                                                                   from ICRA A1
^sublimits to CC,
Lubi Industries Llp                     BG^                   ICRA A1+             Upgraded
                                                                                   from ICRA A1
^sublimits to CC,
Lubi Industries Llp                     LOC/Buyers Credit^    ICRA A1+             Upgraded
                                                                                   from ICRA A1
Lubi Industries Llp                     LER^^                 ICRA A1+             Upgraded
                                                                                   from ICRA A1
^^ sublimit to NFB limits
Prabhudas Lilladher Financial           ST fund based Bk Fac  ICRA A2+     -       Reaffirmed
Services Pvt Ltd
Religare Securities Ltd                 ST Bk Lines           ICRA A3      6000    -
under rating watch with
developing implications
Religare Securities Ltd                 CP programme          ICRA A3      12000   -
under rating watch with
developing implications
Aarcot Ceramic Pvt Ltd                  Non-FBL               ICRA A4      10      -
Reason for delay in carrying out periodic review: - Issuer not cooperating
Aequs Automotive Pvt Ltd                FBL                   ICRA A3+     40      -
Reason for delay in carrying out periodic review: - Review process is underway
Aequs Automotive Pvt Ltd                Non- FBL              ICRA A3+     10      -
Reason for delay in carrying out periodic review: - Review process is underway
Anant Promoters Andfincon Pvt.          Bk Loan Ratings       ICRA A4      70      -
Ltd
Reason for delay in carrying out periodic review:-Issuer not cooperating
Concorde Motors (India)Ltd              ST –Non-fund based    ICRA A1      2320    -
Reason for delay in carrying out periodic review:-Review process is underwa
Shree Hari Yarns Pvt Ltd                ST - Fund Based       ICRA A4+     70      -
Reason for delay in carrying out periodic review: - Review process is underway
Jampana Constructions Pvt Ltd           ST-Non-fund based- BG ICRA A4+     940     -
Reason for delay in carrying out periodic review: Issuer delayed in giving information
Kali Aerated Water Works (Pvt)          ST/ nonfund based     ICRA A3      -       -
Ltd
Reason for delay in carrying out periodic review. Should be one of the following - Review
process in underway
Nitasha Constructions                   Non-FBL BG            ICRA A4      50      -
Reason for delay in carrying out periodic review ? Info and fee not provided.
Poppys Knitwear Pvt Ltd                 ST, Non fund based    ICRA A4      110     -
                                        facility
Reason for delay in carrying out periodic review. - Review process underway
The Mithra Agencies (Hyderabad)         ST Fund Based         ICRA A4+     220     -
Reason for delay in carrying out periodic review: - Review process is underway
Vijaynagar Biotech Pvt Ltd              Non-fund based – LOC  ICRA A2      32.5    Withdrawn


MEDIUM TERM RATINGS:
-------------------
The Tamilnadu Industrial                Fixed Deposits        MA           5000    Assigned
Investment Corporation Ltd

LONG TERM RATINGS:
-------------------
Art Affordable Housing Finance          Bk Fac                ICRA BBB     500     Withdrawn
(India) Ltd
Asian Granito India Ltd                 LT FB TL              ICRA A       150     Outstanding
Asian Granito India Ltd                 LT FB CC              ICRA A       2000    Outstanding
Asian Granito India Ltd                 Unallocated Limits    ICRA A       361.6   Outstanding
Avinash Bhosale Group                   LT – TL NCD Programme ICRA BBB-    800     Withdrawn
Azure Power Uranus Pvt Ltd              Fund based-TL         ICRA BBB     375     Assigned
Ecgc Ltd                                CPA rating            iAAA         -       Reaffirmed
Edelweiss Financial Services            NCD Programme         ICRA AA      5000
Ltd
G Corp Homes Pvt Ltd                    LT – Bk lines         ICRA BBB+    400     Reaffirmed
Gmr Hospitality And Retail Ltd          Fund based - TL       ICRA AA (SO) 122.97  Reaffirmed
Haldiram Foods International            Fund based- Working   ICRA AA      400     Reaffirmed
Pvt Ltd                                 Capital Fac
Hariomkar Food Products Pvt Ltd         Fund based- TL        ICRA A-      550     Upgraded
                                                                                   from ICRA BBB
Hariomkar Food Products Pvt Ltd         Fund based- Working   ICRA A-      100     Upgraded
                                        Capital Fac                                from ICRA BBB
Holy Faith International (P)            Fund based – Purchase ICRA BBB-    170     Reaffirmed
Ltd                                     Invoice Discounting
Holy Faith International (P)            Non-fund Based – LOC  ICRA BBB-    0       Reaffirmed
Ltd                                     
Holy Faith International (P)            Fund based/ Non-fund  ICRA BBB-    250     Reaffirmed
Ltd                                     Based                 /A3
Locksmiths Industries Pvt Ltd           No Default Statement  ICRA B- /            Removed from
                                                              ICRA A4              the ‘ISSUER
                                                                                   NOT 
                                                                                   COOPERATING’
                                                                                   category
Lubi Industries Llp                     CC                    ICRA A+      650     Upgraded
                                                                                   from ICRA A
Lubi Industries Llp                     Working Capital       ICRA A+              Upgraded
                                        Demand Loan^                               from ICRA A
^sublimits to CC,
National (India) Contractors            FB – CC               ICRA D       60      Downgraded
Amp; Engineers                                                                     from ICRA B+
National (India) Contractors            Non-FBL               ICRA D       185     Downgraded
Amp; Engineers                                                                     from ICRA
                                                                                   B+/ ICRA A4
Parijat Industries (India) Pvt          FB limits             ICRA BBB/A2  1050    Reaffirmed
Ltd
Parijat Industries (India) Pvt          Non-FBL               ICRA BBB/A2  450     Reaffirmed
Ltd
Parijat Industries (India) Pvt          Unallocated           ICRA BBB/A2  -       Reaffirmed
Ltd
Printotech Global Ltd                   FB - Working Capital  ICRA BBB-    55      Upgraded
                                        Fac                                        from ICRA BB+
Printotech Global Ltd                   FB - TL               ICRA BBB-    122.4   Upgraded
                                                                                   from ICRA BB+
Printotech Global Ltd                   Unallocated           ICRA BBB-    77.6    Upgraded
                                                                                   from ICRA BB+
Siti Networks Ltd                       LT, Non-fund Based    ICRA A-      750     outstanding
                                        Facility
Siti Networks Ltd                       Long-TL               ICRA A-      1250    outstanding
Siti Networks Ltd                       LT, FB Facility       ICRA A-      250     outstanding
Siti Networks Ltd                       Long-TL               ICRA AA(SO)  500     Reaffirmed
Surat Goods Transport Pvt Ltd           FB Limit- CC          ICRA A-      630     outstanding
Surat Goods Transport Pvt Ltd           Non-FBL- BG           ICRA A- /    255     Assigned/
                                                              ICRA A2+             Outstanding
Tea Board Of India                      TL                    ICRA AA      212.3   Reaffirmed
The Tamilnadu Industrial                Bond Programme        ICRA A-(SO)  1500    outstanding
Investment Corporation Ltd
Tvs Infrastructure Pvt Ltd              TL                    ICRA A       330     Revised from
                                                                                   ICRA A+
Tvs Infrastructure Pvt Ltd              FB Working Capital    ICRA A       40      Revised from
                                        Fac CPA rating Fixed                       ICRA A+
                                        Deposits
Aarcot Ceramic Pvt Ltd                  Working Capital       ICRA B-      25      -
Reason for delay in carrying out periodic review: - Issuer not cooperating
Aarcot Ceramic Pvt Ltd                  TL                    ICRA B-      45.5    -
Reason for delay in carrying out periodic review: - Issuer not cooperating
Aequs Automotive Pvt Ltd                TL                    ICRA BBB     34.8    -
Reason for delay in carrying out periodic review: - Review process is underway
Concorde Motors (India)Ltd              TL                    ICRA A-      150     -
Reason for delay in carrying out periodic review:-Review process is underway
Concorde Motors (India)Ltd              LT -Fund based        ICRA A-      30      -
Reason for delay in carrying out periodic review:-Review process is underway
Hindva Builders                         Working Capital       ICRA BB-     60      -
                                        demand loan
Reason for delay incarrying out periodic review:-Review process is underway
Hindva Builders                         Dropline Overdraft    ICRA BB-     300     -
                                        facility
Reason for delay incarrying out periodic review:-Review process is underway
Jampana Constructions Pvt Ltd           LT- TL                ICRA BB+     70      -
Reason for delay in carrying out periodic review: Issuer delayed in giving information
Jampana Constructions Pvt Ltd           LT-Fund based- CC     ICRA BB+     140     -
Reason for delay in carrying out periodic review: Issuer delayed in giving information
Jampana Constructions Pvt Ltd           Long /ST- Unallocated ICRA BB+/A4+ 15      -
                                        Limits
Reason for delay in carrying out periodic review: Issuer delayed in giving information
Jayabheri Automotives Pvt Ltd           CC                    ICRA B+      670     -
Reason for delay in carrying out periodic review: - Review process is underway
Jayabheri Automotives Pvt Ltd           TL                    ICRA B+      180     -
Reason for delay in carrying out periodic review: - Review process is underway
Jineshwar Malleable And Alloys          LT – TL               ICRA BB-     20      -
Reason for delay in carrying out periodic review: - Information yet to be received
Jineshwar Malleable And Alloys          LT – FB               ICRA BB-     40      -
Reason for delay in carrying out periodic review: - Information yet to be received
Jineshwar Malleable And Alloys          LT/ST-Unallocated     ICRA BB-/A4  5       -
Reason for delay in carrying out periodic review: - Information yet to be received
Kali Aerated Water Works (Pvt)          LT/TL                 ICRA BBB-    100     -
Ltd
Reason for delay in carrying out periodic review. Should be one of the following - Review
process in underway
Kali Aerated Water Works (Pvt)          LT/Fund based         ICRA BBB-    70      -
Ltd
Reason for delay in carrying out periodic review. Should be one of the following - Review
process in underway
Magppie Exports Pvt. Ltd                LT Fund based         ICRA BB      195     -
Reason for delay in carrying out periodic review: - Issuer not cooperatin
Nitasha Constructions                   FBL CC                ICRA B       80      -
Reason for delay in carrying out periodic review ? Info and fee not provided.
Poppys Knitwear Pvt Ltd                 Long fund based       ICRA BB-     1020    -
                                        facility
Reason for delay in carrying out periodic review. - Review process underway
R.J. Agro Industries                    LT Fund Based         ICRA B       60      -
ISSUER NOT COOPERATING
Shree Hari Yarns Pvt Ltd                LT - CC               ICRA BB /    80      -
                                                              ICRA A4+
Reason for delay in carrying out periodic review: - Review process is underway
Sravanthi Energy Pvt. Ltd               LT Fund based and Non ICRA D       6837.5  -
                                        Fund based
Reason for delay in carrying out periodic review: - Issuer not cooperating
The Mithra Agencies (Hyderabad)         TL                    ICRA BB      60.8    -
Reason for delay in carrying out periodic review: - Review process is underway
The Mithra Agencies (Hyderabad)         CC                    ICRA BB      100     -
Reason for delay in carrying out periodic review: - Review process is underway
The Mithra Agencies (Hyderabad)         Unallocated           ICRA BB/A4+  21.7    -
Reason for delay in carrying out periodic review: - Review process is underway
Uma Medicare Ltd                        TL                    ICRA BBB     100     -
Reason for delay in carrying out periodic review: - Issuer not cooperating
Uma Medicare Ltd                        FBLCC                 ICRA BBB     45      -
Reason for delay in carrying out periodic review: - Issuer not cooperating
Uma Medicare Ltd                        Non-FBL               ICRA BBB     5       -
Reason for delay in carrying out periodic review: - Issuer not cooperating
Vijaynagar Biotech Pvt Ltd              Fund based- CC        ICRA BBB+    430     Withdrawn
Vijaynagar Biotech Pvt Ltd              Fund based – TL       ICRA BBB+    17.5    Withdrawn
Vijaynagar Biotech Pvt Ltd              Non-fund based – Bk   ICRA BBB+    5       Withdrawn
                                        Guarantee
 
--------------------------------------------------------------------------------------------
$: 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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