March 27, 2019 / 11:50 AM / 7 months ago

RPT-ICRA ratings for Indian debt instruments-Mar 27

 (Repeating to add more ratings)
   Mar 27 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of March 26, 2019.


COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Bhagabati Build &                       Non-Fund Based- BG    ICRA A4      30      -
Constructions Pvt. Ltd.
Rating moved to the (Issuer Not Cooperating)
Dmi Finance Pvt Ltd                     CP                    ICRA A1+     3000    Reaffirmed
Future Mobile Llp                       Non-fund Based        ICRA A3      300     Assigned
Greenland Motors                        ST: FBL               ICRA A4      142.5   -
Rating continue to remain in (Issuer Not Cooperating)
Greenland Motors                        ST: Non-FBL           ICRA A4      10      -
Rating continue to remain in (Issuer Not Cooperating)
Greenlands (Aamp;M) Corporation         ST: Non-FBL           ICRA A4      12.5    -
Rating continue to remain in (Issuer Not Cooperating)
Hical Technologies Pvt Ltd              Non-fund based-LOC    ICRA A3      20      Withdrawn
Hical Technologies Pvt Ltd              Non-fund based-BG     ICRA A3      10      Withdrawn
Hical Technologies Pvt Ltd              Non-fund              ICRA A3      16      Withdrawn
                                        based-Forward
                                        Contracts
Krano Minerals                          BG                    ICRA A4      3       Assigned
Krishnendu Bhakta                       Non-Fund Based BG     ICRA A4      15      -
Rating continues to remain under (Issuer Not Cooperating)
Krishnendu Bhakta                       ST- Unallocated       ICRA A4      33.5    -
Rating continues to remain under (Issuer Not Cooperating)
Lakhotia Transport Co. Pvt.             Non-fund based –BG/   ICRA A4+     -       Reaffirmed
Ltd.                                    Sight Letter of
                                        -Credit/ Usance LOC^
^sub-limit of cash credit
Mahesh Mercandise Pvt Ltd               Non-FBL               ICRA A4      195     Reaffirmed
M-Bo Granito Llp                        Non-fund Based BG     ICRA A4      39.5    Reaffirmed
removed from (Issuer Not Cooperating)
Patel Micron Llp                        BG                    ICRA A4      5       Reaffirmed
Renom Energy Services Llp               Non-fund based – LOC  ICRA A4      40      Withdrawn
Sanghvi Movers Ltd                      ST - Fund             ICRA A2+     75      Revised from
                                        Based-Working Capital                      ICRA A1
                                        Fac
Sanghvi Movers Ltd                      ST – Non Fund Based – ICRA A2+     75      Revised from
                                        Working Capital Fac                        ICRA A1
Super Screws Pvt Ltd                    Fund based – Stand by ICRA A3+     25      outstanding
                                        line of credit
Super Screws Pvt Ltd                    Non-fund Based – LOC  ICRA A3+     115     outstanding
Synergy Ski Infradevelopment            Non-fund based – BG   ICRA A4+     30      -
Rating continues to remain in the (Issuer Not Cooperating)
The Punjab State Cooperative            ST - Fund Based       ICRA A3      240     Assigned
Milk Producers’ Federation Ltd
The Punjab State Cooperative            ST – Non-fund Based   ICRA A3      200.8   Assigned
Milk Producers’ Federation Ltd
Vijai Marine Services                   Non Fund based-BG     ICRA A4+     200     -
Rating continues to remain in the (Issuer Not Cooperating)
Vijai Marine Services                   Non Fund based-LOC    ICRA A4+     -       -
                                        (Sublimit of BG)
Rating continues to remain in the (Issuer Not Cooperating)
Nandi Irrigation Systems Ltd            ST - NFBL             ICRA A4      30      Reaffirmed
Nishi Forex & Leisure Pvt. Ltd.         Non-Fund based        ICRA A4+     30      Reaffirmed
The Ramco Cements Ltd                   ST fund based         ICRA A1+     2500    Assigned
The Ramco Cements Ltd                   ST non-fund based     ICRA A1+     4850    Assigned
The Ramco Cements Ltd                   CP                    ICRA A1+     8250    Outstanding
 


LONG TERM RATINGS:
-------------------
Aasan Corporate Solutions Pvt           NCD Programme         ICRA AA-(SO) 21850   outstanding
Ltd
Aasan Corporate Solutions Pvt           Long-TL               ICRA BBB     4500    Reaffirmed
Ltd
Aasan Corporate Solutions Pvt           TL - Lease Rental     ICRA BBB(SO) 4000    Reaffirmed
Ltd                                     Discounting (LRD)
Aasan Corporate Solutions Pvt           TL - Loan Against     ICRA BBB(SO) 1000    Reaffirmed
Ltd                                     Property (LAP)
Aasan Corporate Solutions Pvt           NCD Programme         Provisional  3500    outstanding
Ltd                                                           ICRA AA-(SO)
Aov Exports Pvt Ltd                     Bk loan Ratings       ICRA         1000    -
                                                              BBB/ICRA A3+
Reason for delay in carrying out periodic review: Review process underway
Arnav Technosoft Pvt Ltd                Fund based-CC         ICRA D       150     -
Rating continues to remain in the (Issuer Not Cooperating)
Arqube Industries (India) Ltd           Bk loan Ratings       ICRA BB      -       -
(Issuer Not Cooperating)
Asb Projects Ltd                        Fund basedCC          ICRA B+      -       -
                                        Unallocated
Rating continues to remain in the (Issuer Not Cooperating)
Bhagabati Build &                       Fund Based – CC       ICRA B       60      -
Constructions Pvt. Ltd.
Rating moved to the (Issuer Not Cooperating)
Bhagabati Build &                       Fund Based-           ICRA B       13.5    -
Constructions Pvt. Ltd.                 Standby-Line of Credit
Rating moved to the (Issuer Not Cooperating)
Bpr Infrastructure Ltd                  Bk loan Ratings       ICRA BBB-    970     -
Reason for delay in carrying out periodic review: Review process underway
Classic Cotton Pvt Ltd                  CC                    ICRA B+      220     Reaffirmed
Classic Cotton Pvt Ltd                  Unallocated Limits    ICRA         34      Reaffirmed
                                        Trust Name            B+/ICRA A4
Coffee Day Enterprises Ltd              TL                    ICRA BBB+&   3150    Rating watch
                                                                                   with
                                                                                   developing 
                                                                                   implications
Electropath Services (India)            Fund Based – CC       ICRA D       212.7   -
Pvt Ltd
Rating continues to remain in the (Issuer Not Cooperating)
Electropath Services (India)            Non-fund Based – BG   ICRA D       287.3   -
Pvt Ltd
Rating continues to remain in the (Issuer Not Cooperating)
Future Mobile Llp                       Fund Based – Working  ICRA BBB-    250     Assigned
                                        Capital
Gillco Construction Pvt Ltd             Fund based-CC         ICRA B+      100     -
Rating moved to the (Issuer Not Cooperating)
Greenland Motors                        LT: FBL               ICRA B+      30.5    -
Rating continue to remain in (Issuer Not Cooperating)
Greenlands (Aamp;M) Corporation         LT: FBL               ICRA B+      185     -
Rating continue to remain in (Issuer Not Cooperating)
Hical Technologies Pvt Ltd              Fund based            ICRA BBB-    200     Withdrawn
                                        CC/PCFC/FBD/EPR/EPC
Hical Technologies Pvt Ltd              Fund based Stand-by   ICRA BBB-    30      Withdrawn
                                        Line of Credit
Hical Technologies Pvt Ltd              Fund based TL         ICRA BBB-    193.8   Withdrawn
Hical Technologies Pvt Ltd              Unallocated           ICRA BBB-    10.2    Withdrawn
                                                              /ICRA A3
K.S. Overseas Pvt Ltd                   FB limits             ICRA BB      -       Revised from
                                                                                   ICRA BB-
Kogta Financial India Ltd               PTC Series A2         Provisional  78.5    Assigned
-Northern Arc 2019 Cv Tesseract                               ICRA A(SO)
Kogta Financial India Ltd               PTC Series A1         Provisional  251.9   Assigned
-Northern Arc 2019 Cv Tesseract                               ICRA AA-(SO)
Kogta Financial India Ltd               PTC Series A4         Provisional  37.2    Assigned
-Northern Arc 2019 Cv Tesseract                               ICRA BB-(SO)
Kogta Financial India Ltd               PTC Series A3         Provisional  24.8    Assigned
-Northern Arc 2019 Cv Tesseract                               ICRA
                                                              BBB+(SO)
Krano Minerals                          TL                    ICRA B+      35      Assigned
Krano Minerals                          CC                    ICRA B+      22      Assigned
Krifor Industries Pvt Ltd               BLR                   ICRA B+ /    462.6   -
                                                              ICRA A4
Krishnendu Bhakta                       LT- Unallocated       ICRA B+      17.5    -
Rating continues to remain under (Issuer Not Cooperating)
Krishnendu Bhakta                       Fund Based – CC       ICRA B+      32.5    -
Rating continues to remain under (Issuer Not Cooperating)
Lakhotia Transport Co. Pvt.             Fund Based – CC       ICRA BB      360     Downgraded
Ltd.                                                                               from ICRA BB+
Mahesh Mercandise Pvt Ltd               FBL                   ICRA BB-     100     Reaffirmed
Marine Electricals (I) Ltd              BLR                   ICRA BBB+ /  1510    -
                                                              ICRA A2+
Martco Export Pvt Ltd                   LT / Fund Based /     ICRA B       20      Assigned
                                        Packing Credit
Martco Export Pvt Ltd                   LT / Fund Based / TL  ICRA B       60      Assigned
M-Bo Granito Llp                        FB TL                 ICRA B+      295.5   Reaffirmed
removed from (Issuer Not Cooperating)
M-Bo Granito Llp                        FB CC                 ICRA B+      125     Reaffirmed
removed from (Issuer Not Cooperating)
N S Vaishno Devi Developers             Bk loan Ratings       ICRA BB      530
India Pvt Ltd
Reason for delay in carrying out periodic review: - Issuer not cooperating
Nageshwari Ceramic Pvt. Ltd.            FB TL                 ICRA D       19      Downgraded
                                                                                   from ICRA B+
Nageshwari Ceramic Pvt. Ltd.            FB- CC                ICRA D       30      Downgraded
                                                                                   from ICRA B+
Nageshwari Ceramic Pvt. Ltd.            Non-fund Based- BG    ICRA D       15      Downgraded
                                                                                   from ICRA A4
Nageshwari Ceramic Pvt. Ltd.            Unallocated Limits    ICRA D       28      Downgraded
                                                                                   from ICRA B+
                                                                                   /ICRA A4
Om Foods Suppliers Pvt. Ltd.            FB Limit – CC         ICRA B       50      Assigned
Om Foods Suppliers Pvt. Ltd.            FB Limit – TL         ICRA B       2       Assigned
Om Foods Suppliers Pvt. Ltd.            Unallocated Limits    ICRA B /     1       Assigned
                                                              ICRA A4
Patel Micron Llp                        TL                    ICRA B       46.8    Reaffirmed
Patel Micron Llp                        CC                    ICRA B       20      Reaffirmed
R R Gold Palace Pvt Ltd                 LT                    ICRA BB-     620     -
Rating continues to remain in (Issuer Not Cooperating)
R.K. City Developers Pvt. Ltd.          FBL                   ICRA D       180     -
Rating moved to the (Issuer Not Cooperating)
Ranjan Fabrics Pvt Ltd                  Fund based-CC         ICRA B+      82.5    -
Rating continues to remain in the (Issuer Not Cooperating)
Renom Energy Services Llp               FB – CC               ICRA B+      40      Withdrawn
Rukmini Educational Charitable          Unallocated           ICRA BB+     -       -
Trust
Rukmini Educational Charitable          FB – TL               ICRA BBB-    1050    Upgraded
Trust                                                                              from ICRA BB+
Rukmini Educational Charitable          FB – Overdraft        ICRA BBB-    200     Upgraded
Trust                                   Facility                                   from ICRA BB+
Sanghvi Movers Ltd                      LT – Fund Based/Non   -            -       -
                                        Fund Based
Sanghvi Movers Ltd                      LT – Fund Based – TL  ICRA A-      4415.5  Revised from
                                                                                   ICRA A
Sanghvi Movers Ltd                      LT - FB - Working     ICRA A-      750     Revised from
                                        Capital                                    ICRA A
Satnam Psyllium Industries              BLR                   ICRA BB-/    150     -
                                                              ICRA A4
Shikarpur & Bhandapur Tea               Fund Based – Tea      ICRA B-      50.6    -
Estates Pvt Ltd                         Hypothecation
Rating moved to the (Issuer Not Cooperating)
Shikarpur & Bhandapur Tea               Fund Based- TL        ICRA B-      21.7    -
Estates Pvt Ltd
Rating moved to the (Issuer Not Cooperating)
Shikarpur & Bhandapur Tea               Non-Fund Based- BG    ICRA B-      2.5     -
Estates Pvt Ltd                         Trust Name
Rating moved to the (Issuer Not Cooperating)
Shree Hans Rice And General             FBL                   ICRA         744     -
Mills                                                         B+/ICRA A4
Shree Hans Rice And General             Unallocated(Proposed  ICRA         6       -
Mills                                   Limits)               B+/ICRA A4
Shree Krishna Rice Mills                FBL                   ICRA B-      -       -
(Issuer Not Cooperating)
Shrimati Sulochna Devi                  FB TL                 ICRA B+      154     Reaffirmed
Education Foundation
Shrimati Sulochna Devi                  FB Proposed TL        ICRA B+      30      Reaffirmed
Education Foundation
Shrimati Sulochna Devi                  Unallocated           ICRA B+      10      Reaffirmed
Education Foundation
Somnath Agro Industries                 BLR                   ICRA B /     54.2    -
                                                              ICRA A4
Spandana Sphoorty Financial             PTC Series A1         Provisional  800.3   Assigned
Ltd -Vivriti Zephyr 03 2019                                   ICRA A(SO)
Spandana Sphoorty Financial             PTC Series A2         Provisional  8       Assigned
Ltd -Vivriti Zephyr 03 2019                                   ICRA A-(SO)
Super Psyllium                          BLR                   ICRA]BB-/    126     -
                                                              ICRA A4
Super Screws Pvt Ltd                    Fund based – CC       ICRA BBB     200     outstanding
Super Screws Pvt Ltd                    Fund based – TL       ICRA BBB     300     Assigned/
outstanding
Svarn Infratel Pvt Ltd                  Bk loan Ratings       ICRA         471.5   -
                                                              BBB-/ICRA A3
Svarn Telecom Ltd                       Bk loan Ratings       ICRA         250     -
                                                              BB-/ICRA A4
Svarn Tex Prints Pvt Ltd                Bk loan Ratings       ICRA         250     -
                                                              B+/ICRA A4
Synergy Ski Infradevelopment            Fund based – CC       ICRA BB      70      -
Rating continues to remain in the (Issuer Not Cooperating)
The Punjab State Cooperative            LT - Fund Based/ CC   ICRA BBB-    1400    Assigned
Milk Producers’ Federation Ltd
Vijai Marine Services                   Fund based-CC         ICRA BB+     54      -
Rating continues to remain in the (Issuer Not Cooperating)
Mangala Cashew Industries               Fund Based – LT       ICRA B+      100     Withdrawn
(ISSUER NOT COOPERATING)
Nandi Irrigation Systems Ltd            Fund Based – CC       ICRA B       60      Upgraded
                                                                                   from ICRA B-
Nandi Irrigation Systems Ltd            LT/ST Unallocated     ICRA B       30      Upgraded
                                                              /ICRA A4             from ICRA
                                                                                   B-/A4
Nishi Forex & Leisure Pvt. Ltd.         FB                    ICRA BB+     170     Upgraded
                                                                                   from ICRA BB
Nishi Forex & Leisure Pvt. Ltd.         Unallocated           ICRA BB+/A4+ 200     Upgraded
                                                                                   from ICRA BB
                                                                                   / Reaffirmed
Sunglow Suitings Pvt Ltd                LT: Fund based lmits  ICRA BB-     247.3   -
(Rating continues to remain in the Issuer Not Cooperating)
The Ramco Cements Ltd                   TL                    ICRA AA+     7500    Assigned
The Ramco Cements Ltd                   LT fund based         ICRA AA+     7350    Assigned
 
--------------------------------------------------------------------------------------------
$: 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)
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below