March 29, 2018 / 10:14 AM / 3 months ago

RPT-ICRA ratings for Indian debt instruments-Mar 29

 (Repeating to add additional ratings)
    Mar 29 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of March 28, 2018.


COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Delta Corp Ltd                          ST, FB Limits         ICRA A3+     225     Withdrawn
Epicu Agro Products Pvt Ltd             ST – Non-FB limits    ICRA A3+     20      Upgraded
                                                                                   from ICRA A3
Highstreet Cruises &                    ST, FB Limits         ICRA A3+     95      Withdrawn
Entertainment Pvt Ltd
Il&Fs Financial Services Ltd            CP programme          ICRA A1+     40000   Assigned
Imperium Ceramic Pvt. Ltd               Non FB – BG           ICRA A4      20      Assigned
Intertex Pvt Ltd                        LOC                   ICRA A4+     1150    Reaffirmed
Keltron Component Complex Ltd           ST Non fund based     ICRA A4      127.5   Reaffirmed
King Ice Plant                          Non-fund based-LOC    ICRA A4+     150     Reaffirmed
King Ice Plant                          Proposed/ Unallocated ICRA A4+     6.6     Reaffirmed
                                        Facility
Kanti Floor Furnishers                  ST – Fundbased        ICRA D       327.4   -
ISSUER NOT COOPERATING
Metropolitan Eximchem Pvt.              ST, FB Limits         ICRA A1      20      Assigned
Ltd.
Metropolitan Eximchem Pvt.              ST, Non-FBL           ICRA A1      135     Assigned
Ltd.
Precious Jewels Corporation             -                     ICRA A4+     -       No Default
                                                                                   Statement
ISSUER NOT COOPERATING
Sharman Woollen Mills Ltd.              ST Non-fund based     ICRA A4+     30      Upgraded
                                                                                   from ICRA A4
Shree Durga Iron And Steel Co.          LOC                   ICRA A4      250     Reaffirmed
Ltd
Skh Metals Ltd                          Non-fund Based –      ICRA A3      450     Reaffirmed
                                        Working Capital Fac
Sri V.N.S. Spinning Mills               Non-fund based        ICRA A4      -       Reaffirmed
India Pvt Ltd                           facility - Sublimit
Sri V.N.S. Spinning Mills               Non-fund based        ICRA A4      10.1    Reaffirmed
India Pvt Ltd                           facility
Tessitura Monti India Pvt Ltd           FBL                   ICRA A3+     1050    Reaffirmed
Tessitura Monti India Pvt Ltd           Non-FBL               ICRA A3+     140     Reaffirmed
Tinna Rubber & Infrastructure           ST-NFBL               ICRA A4      120     Upgraded
Ltd                                                                                from ICRA D
Triveni Electroplast Pvt Ltd            ST non-fund based     ICRA A4      55      -
Reason for delay in carrying out periodic review. - Issuer not cooperating
Uss Exim Pvt Ltd                        LC                    ICRA A4      90      -
Reason for delay in carrying out periodic review. - Issuer not cooperating
Visakha Container Terminal              NFBL – BG             ICRA A2+     180     Assigned
Pvt. Ltd.
Visakha Container Terminal              LOC – Sub Limit       ICRA A2+     -       Assigned
Pvt. Ltd.
Deva Drill Tech (India) Ltd             Non-FBL               ICRA A2      110
Review process is underway
Remsons Industries Ltd                  ST: NFBL              ICRA A4+     7       Reaffirmed
Superfil Products Pvt Ltd               ST - Non fund based   ICRA A2+     112     Reaffirmed



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


LONG TERM RATINGS:
-------------------
Annapurna Finance Pvt Ltd               NCD Programme         ICRA BBB     150     Assigned
Annapurna Finance Pvt Ltd               TL                    ICRA BBB     6972.2  Outstanding
Annapurna Finance Pvt Ltd               Unallocated Bk Lines  ICRA BBB     27.8    Outstanding
Annapurna Finance Pvt Ltd               NCD Programm          ICRA BBB     3712.9  Outstanding
Annapurna Finance Pvt Ltd               Subordinated Debt     ICRA BBB     890     Outstanding
                                        Programme
Ansaldo Caldaie Boilers India           Fund based/ CC        ICRA C       100     Assigned
Pvt Ltd                                 Facility
Ansaldo Caldaie Boilers India           Fund based TL         ICRA C       150     Assigned
Pvt Ltd
Deepak Tea Pvt Ltd                      FBL                   ICRA BB-     75      -
Reason for delay in carrying out periodic review - Issuer not cooperating
Delite Cables Pvt. Ltd.                 CC                    ICRA D       40      -
ISSUER NOT COOPERATING
Delite Cables Pvt. Ltd.                 BG                    ICRA D       45      -
ISSUER NOT COOPERATING
Delite Cables Pvt. Ltd.                 Unallocated Limits    ICRA D       35      -
ISSUER NOT COOPERATING
Delta Corp Ltd                          TL                    ICRA BBB     588.8   Withdrawn
Delta Corp Ltd                          LT, FB Limits         ICRA BBB     105     Withdrawn
Delta Corp Ltd                          LT / ST Unallocated   ICRA BBB/A3+ 301.2   Withdrawn
                                        Limits
Ds (Assam) Hospitality Ltd              TL                    ICRA AA-     783.4   Withdrawn
Ds (Assam) Hospitality Ltd              FB Limits             ICRA AA-     30      Withdrawn
Epicu Agro Products Pvt Ltd             LT – FB limits        ICRA BBB     380     Upgraded
                                                                                   from ICRA
                                                                                   BBB-
Fusion Microfinance (Pvt.) Ltd.         PTC Series A1         Provisional  150     Assigned
                                                              ICRA A-
Haranai Sahakari Soot Girni Ltd         TL                    ICRA BB-     25      -
Reason for delay in carrying out periodic review: - Issuer not cooperating
Haranai Sahakari Soot Girni Ltd         CC                    ICRA BB-     35.5    -
Reason for delay in carrying out periodic review: - Issuer not cooperating
Hardik Textiles Pvt Ltd                 FB Fac                ICRA B+      95      Reaffirmed
Hardik Textiles Pvt Ltd                 Unallocated limits    ICRA B+      5       Reaffirmed
Highstreet Cruises &                    TL                    ICRA BBB     80.5    Withdrawn
Entertainment Pvt Ltd
Highstreet Cruises &                    LT, FB Limits         ICRA BBB     35      Withdrawn
Entertainment Pvt Ltd
Highstreet Cruises &                    LT / ST Unallocated   ICRA BBB/A3+ 609.5   Withdrawn
Entertainment Pvt Ltd                   Limits
Imperium Ceramic Pvt. Ltd               FB – CC **            ICRA BB-     100     Assigned
**  LC (I/F) DP/DA 180 days/Buyers Credit of Rs. 2.00 crores and CEL of Rs. 0.26 crore (sublimit
of cash credit)
Imperium Ceramic Pvt. Ltd               FB – TL               ICRA BB-     122.3   Assigned
Imperium Ceramic Pvt. Ltd               Unallocated Limits    ICRA BB-/A4  0.2     Assigned
Intertex Pvt Ltd                        CC                    ICRA BB      100     Reaffirmed
Kanti Floor Furnishers                  LT – Fundbased        ICRA D       11      -
ISSUER NOT COOPERATING
Keltron Component Complex Ltd           LT fund based / CC    ICRA B-      112.5   Reaffirmed
King Ice Plant                          Fund based-CC         ICRA BB+     10      Reaffirmed
Maini Material Movement Pvt Ltd         LT – Fund based TL    ICRA BBB-    90      Assigned
Maini Material Movement Pvt Ltd         LT – Fund based/CC    ICRA BBB-    70      Assigned
Manav Investment And Trading            NCD Programme (NCD 1) Provisional  3250    Confirmed as
Co. Ltd                                                       ICRA AAA             final
Manav Investment And Trading            NCD Programme (NCD 2) Provisional  450     Outstanding
Co. Ltd                                                       ICRA AAA
N.B. Construction Company               FB Fac                ICRA BBB-    30      Assigned
N.B. Construction Company               Non-FB Fac            ICRA BBB-    200     Assigned
N.B. Construction Company               Unallocated Limits    ICRA BBB-    230     Assigned
Shantol Green Energy (India)            CC                    ICRA D       25      -
Pvt. Ltd.
ISSUER NOT COOPERATING
Shantol Green Energy (India)            TL                    ICRA D       185     -
Pvt. Ltd.
ISSUER NOT COOPERATING
Shantol Green Energy (India)            CC                    ICRA D       25      -
Pvt. Ltd.
Issuer Not Cooperating’ category
Shantol Green Energy (India)            TL                    ICRA D       185     -
Pvt. Ltd.
Issuer Not Cooperating’ category
Sharman Woollen Mills Ltd.              LT FB TL              ICRA BB      41      Upgraded
                                                                                   from ICRA BB-
Sharman Woollen Mills Ltd.              LT FB CC              ICRA BB      125     Upgraded
                                                                                   from ICRA BB-
Shree Chhatrapati Shahu Milk            Fund based-Working    ICRA B       30      Reaffirmed
And Agro Producer Co. Ltd               Capital Loans
Shree Chhatrapati Shahu Milk            TL                    ICRA B       68.4    Reaffirmed
And Agro Producer Co. Ltd
Shree Durga Iron And Steel Co.          CC^                   ICRA B       -       Reaffirmed
Ltd
^sublimit of letter of credit
Shree Durga Iron And Steel Co.          Unallocate            ICRA B/A4    80      Reaffirmed
Ltd
Shri Balaji Fibers                      FBL                   ICRA B+      98      -
Reason for delay in carrying out periodic review: - Issuer not cooperating
Shri Balaji Ginning Factory             FBL                   ICRA B+      90      -
Reason for delay in carrying out periodic review: - Issuer not cooperating
Shriram Transport Finance Co.           PTC Series A          Provisional  8003.9  Assigned
Ltd                                                           ICRA AAA
Shriram Transport Finance Co.           Second Loss Fac       Provisional  360.2   Assigned
Ltd                                                           ICRA BBB+
Skh Metals Ltd                          TL                    ICRA BBB-    1365    Reaffirmed
Skh Metals Ltd                          FB – Working Capital  ICRA BBB-/A3 1575    Reaffirmed
                                        Fac
Skh Metals Ltd                          FB/Non-fund Based –   ICRA BBB-/A3 200     Reaffirmed
                                        Working Capital Fac
Skh Metals Ltd                          Unallocated Limits    ICRA BBB-/A3 410     Reaffirmed
Skh Y-Tec India Pvt Ltd                 TL                    ICRA BBB-    950     Assigned
Skh Y-Tec India Pvt Ltd                 Unallocated Limits    ICRA BBB-    50      Assigned
Sonata Finance Pvt Ltd                  PTC Series A1         Provisional  160.6   Assigned
                                                              ICRA A
Sonata Finance Pvt Ltd                  PTC Series A2         Provisional  15.5    Assigned
                                                              ICRA BBB-
Sri V.N.S. Spinning Mills               TL                    ICRA B-      76.1    Reaffirmed
India Pvt Ltd
Sri V.N.S. Spinning Mills               CC                    ICRA B-      70      Reaffirmed
India Pvt Ltd
Sri V.N.S. Spinning Mills               Unallocated facility  ICRA B-      93.8    Reaffirmed
India Pvt Ltd
Surajbhan Rajkumar Pvt Ltd              BLR                   ICRA BB-/A4  350     -
Reason for delay in carrying out periodic review: - Review process is underway
Tessitura Monti India Pvt Ltd           TL                    ICRA BBB     270     Reaffirmed
Tessitura Monti India Pvt Ltd           Unallocated limits    ICRA BBB/A3+ 40      Reaffirmed
The Tamilnadu Industrial                Bond Programme        ICRA A-      1500    Outstanding
Investment Corporation Ltd
The Tamilnadu Industrial                LT Bk Fac             ICRA BBB+    11000   Assigned
Investment Corporation Ltd
Tinna Rubber & Infrastructure           LT -Fund Based TL     ICRA B+      280     Upgraded
Ltd                                                                                from ICRA D
Tinna Rubber & Infrastructure           LT -Fund Based/ CC    ICRA B+      220     Upgraded
Ltd                                                                                from ICRA D
Triveni Electroplast Pvt Ltd            LT fund based         ICRA BB-     145     -
Reason for delay in carrying out periodic review. - Issuer not cooperating
Uss Exim Pvt Ltd                        CC                    ICRA B       10      -
Reason for delay in carrying out periodic review. - Issuer not cooperating
Uss Exim Pvt Ltd                        Unallocated           ICRA B/A4    25      -
Reason for delay in carrying out periodic review. - Issuer not cooperating
Vimal Oil And Foods Ltd                 Fund Based - CC       ICRA D       1620    -
ISSUER NOT COOPERATING
Vimal Oil And Foods Ltd                 NFBL                  ICRA D       5000    -
ISSUER NOT COOPERATING
Visakha Container Terminal              TL                    ICRA A-      2476    Assigned
Pvt. Ltd.
Visakha Container Terminal              NFBL                  ICRA A-      50      Assigned
Pvt. Ltd.
Visakha Container Terminal              Unallocated           ICRA A-      294     Assigned
Pvt. Ltd.
Visakha Container Terminal              Buyers’ Credit – Sub  ICRA A-/A2+  -       Assigned
Pvt. Ltd.                               Limit
Deva Drill Tech (India) Ltd             Fund based - TL       ICRA BBB+    176
Review process is underway
Deva Drill Tech (India) Ltd             FBL                   ICRA BBB+    130
                                                              /A2
Review process is underway
Meghalaya Cements Ltd                   Bk Fac                ICRA A /A1   350
Review process is underway
Meghalaya Cements Ltd                   CP                    ICRA A /A1   500
Review process is underway
Remsons Industries Ltd                  LT: Fund based – CC   ICRA BB+     220     Reaffirmed
Remsons Industries Ltd                  LT: Fund based – TL   ICRA BB+     65      Reaffirmed
Superfil Products Pvt Ltd               LT - Fund based       ICRA BBB+    120     Reaffirmed
Superfil Products Pvt Ltd               LT - TL               ICRA BBB+    53.1    Reaffirmed
Superfil Products Pvt Ltd               LT - Unallocated      ICRA BBB+    114.9   Reaffirmed
Ultra Power Projects Pvt. Ltd.          CC                    ICRA D       40      Withdrawn
Ultra Power Projects Pvt. Ltd.          TL                    ICRA D       69.4    Withdrawn
Ultra Power Projects Pvt. Ltd.          Unallocated           ICRA D       165.6   Withdrawn

--------------------------------------------------------------------------------------------
$: 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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