March 5, 2018 / 10:49 AM / in a year

RPT-ICRA ratings for Indian debt instruments-Mar 5

 (Repeating to add more ratings)
    Mar 5 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of March 1, 2018.


COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Akums Drugs & Pharmaceuticals           Non-fund Based –      ICRA A1+     100     Reaffirmed
Ltd                                     Working Capital Fac
Coatings And Coatings (India)           Non-Fund based- LOC   ICRA A4+     10      ISSUER NOT
Pvt Ltd                                                                            COOPERATING
Deepak Phenolics Ltd                    Non-FBL               ICRA A3+     650     Assigned
Diagold Designs Ltd.                    ST – FB- Working      ICRA A4      200     Reaffirmed
                                        Capital Fac
Diagold Designs Ltd.                    ST - Non-fund         ICRA A4      80      Reaffirmed
                                        BasedWorking Capital
                                        Fac
Diagold Designs Ltd.                    ST - Unallocated      ICRA A4      50      Reaffirmed
                                        Limits
Durga Construction Company              Non-fund based- BG    ICRA A4+     300     ISSUER NOT
                                                                                   COOPERATING
Dwarikesh Sugar Industries Ltd          CP#                   ICRA A1+     3000    Reaffirmed
#carved out of working capital limits
Excel Foods Pvt Ltd                     ST – Non-Fund Based   -            5       Issuer not
                                                                                   cooperating
                                                                                   on NDS
Jala Shakti Ltd                         ST: NonFB LT – Fund   ICRA D       16      ISSUER NOT
                                        Based LT – Fund Based                      COOPERATING
                                        ST – NonFund Based
Krishna Gems                            Non-Fund based-       ICRA A4      2       ISSUER NOT
                                        Forward Contract                           COOPERATING
Kunj Bihari Textiles                    Non-FB Fac            ICRA A4      30      Assigned
Kss Abhishek Safety Systems             Non-fund Based        ICRA A2      80      Assigned /
Pvt. Ltd.                                                                          Outstanding  
                                                            
M Ganesh                                Non-FB Fac            ICRA A4      -       Review
                                                                                   process is
                                                                                   underway
Maharashtra Oil Extractions             One-off ST Facility   ICRA A2      200     Assigned
Pvt Ltd
Maharashtra Oil Extractions             Pledge Loan           ICRA A2      1250    Assigned
Pvt Ltd
Marigold Paints Pvt. Ltd.               Non-fund based – LOC  ICRA A4      10      ISSUER NOT
                                                                                   COOPERATING
Mehta & Associates Fire                 Non-fund based- LOC   ICRA A4      22.5    ISSUER NOT
Protection Systems Pvt Ltd                                                         COOPERATING
Minox Metals Pvt Ltd                    Non-FB Fac            ICRA A4+     450     Upgraded
                                                                                   from ICRA A4
Nirma Ltd                               CP Programme          ICRA A1+     15000   Reaffirmed
Pacific Development                     Non-fund based-Bk     ICRA A1      405.7   Upgraded
Corporation Ltd                                                                    from ICRA A2+
Pure & Cure Healthcare Pvt Ltd          FB – Working Capital  ICRA A1+     100     Reaffirmed
                                        Fac
Quality Engineering And                 ST- FBL               ICRA A1+     300     Withdrawn
Software Technologies Pvt Ltd
Quality Engineering And                 ST- Non-fund based    ICRA A1+     10      Withdrawn
Software Technologies Pvt Ltd
S.K.T.Textile Mills                     ST Non fund based     ICRA A4+     2.5     Reaffirmed
                                        facility
Samet Plast                             Non-fund based- LOC   ICRA A4      20      ISSUER NOT
                                                                                   COOPERATING
Shri Damodar Yarn                       Non-FBL               ICRA A3      75      Re-affirmed
Manufacturing Pvt Ltd
Unicure Remedies Pvt Ltd                Non-fund based-       ICRA A4      4       ISSUER NOT
                                        Limits^                                    COOPERATING
^Includes Rs. 0.25 crore fund based limits as sublimit of cash credit facility

LONG TERM RATINGS:
-------------------
Akums Drugs & Pharmaceuticals           FB – Working Capital  ICRA A+      550     Reaffirmed
Ltd                                     Fac
Akums Drugs & Pharmaceuticals           TL                    ICRA A+      30      Reaffirmed
Ltd
Arihant Packwell                        CC                    ICRA B+      40      ISSUER NOT
                                                                                   COOPERATING
Arihant Packwell                        TL                    ICRA B+      60      ISSUER NOT
                                                                                   COOPERATING
Baraka Overseas Traders                 LT – FB               ICRA B+      180     Reaffirmed
Burckhardt Compression (India)          Bk Loan Rating        ICRA BBB+/   145     Issuer
Pvt Ltd                                                       A2+                  delayed in
                                                                                   giving
                                                                                   information
Cholamandalam Investment And            Second Loss Facility  Provisional  95.9    Assigned
Finance Co. Ltd-Platinum Trust                                ICRA A(SO)
February 2018
Cholamandalam Investment And            PTC Series A          Provisional  3308.6  Assigned
Finance Co. Ltd-Platinum Trust                                ICRA AAA(SO)
February 2018
Coatings And Coatings (India)           Fund based-CC/WCDL    ICRA BB+     200     ISSUER NOT
Pvt Ltd                                                                            COOPERATING
Coatings And Coatings (India)           Fund based-TL         ICRA BB+     30      ISSUER NOT
Pvt Ltd                                                                            COOPERATING
Deepak Phenolics Ltd                    TL                    ICRA BBB     8400    outstanding
Deepak Phenolics Ltd                    FBL – CC              ICRA BBB     550     Assigned
Durga Construction Company              Fund based - TL       ICRA BB+     31.8    ISSUER NOT
                                                                                   COOPERATING
Durga Construction Company              Fund based - CC       ICRA BB+     120     ISSUER NOT
                                                                                   COOPERATING
Dwarikesh Sugar Industries Ltd          FB - TL               ICRA A+      574.4   Reaffirmed
Dwarikesh Sugar Industries Ltd          FB - Working Capital  ICRA A+      5650    Reaffirmed
                                        Fac
Dwarikesh Sugar Industries Ltd          Non-fund Based -      ICRA A+      50      Reaffirmed
                                        Working Capital Fac
Dwarikesh Sugar Industries Ltd          Unallocated Limits    ICRA A+      -       Reaffirmed
Excel Foods Pvt Ltd                     LT – Fund Based       -            150     Issuer not
                                                                                   cooperating
                                                                                   on NDS
Excel Foods Pvt Ltd                     LT – Fund Based       -            5       Issuer not
                                                                                   cooperating
                                                                                   on NDS
Jala Shakti Ltd                         LT: FundBased         ICRA D       242.2   ISSUER NOT
                                                                                   COOPERATING
Jala Shakti Ltd                         LT: Unallocated LimitsICRA D       6.8     ISSUER NOT
                                                                                   COOPERATING
Krishna Gems                            Fund based-Export     ICRA BB-     72      ISSUER NOT
                                        Packing Credit/Post                        COOPERATING
                                        Shipment Credit/Standby limit
Kshitij Kumar Choudhary                 Non-FBL BG            ICRA B+      100     Info and fee
                                                                                   not provided
Kunj Bihari Textiles                    FB Working Capital FacICRA B-      20      Assigned
Kunj Bihari Textiles                    Unallocated Fac       ICRA B-      50      Assigned
M Ganesh                                FB Fac (CC)           ICRA B+      30      Review
                                                                                   process is
                                                                                   underway
Mac-Chem Products (India) Pvt           BLR                   ICRA BB /    259.5   ISSUER NOT
Ltd                                                           ICRA A4              COOPERATING
Maharashtra Oil Extractions             FBL                   ICRA BBB+    300     Assigned
Pvt Ltd
Malik Lifesciences Pvt Ltd              FB – Working Capital  ICRA A-      240     Reaffirmed
                                        Fac
Malik Lifesciences Pvt Ltd              FB – Working Capital  ICRA A-      170     ReAssigned
                                        Fac                                        from ICRA A+
                                                                                   (SO)
Mandalia Overseas Corporation           FB-Overdraft          ICRA D       10.5    ISSUER NOT
                                                                                   COOPERATING
Mandalia Overseas Corporation           FB-Post-shipment      ICRA D       80      ISSUER NOT
                                        Credit**                                   COOPERATING
**Sublimit of post-shipment credit 
Mandalia Overseas Corporation           Unallocated Limits    ICRA D       9.5     ISSUER NOT
                                                                                   COOPERATING
Marigold Paints Pvt. Ltd.               Fund based – CC       ICRA B+      70      ISSUER NOT
                                                                                   COOPERATING
Mehta & Associates Fire                 Fund based – CC       ICRA B       40      ISSUER NOT
Protection Systems Pvt Ltd                                                         COOPERATING
Mehta & Associates Fire                 Non-fund based – BG   ICRA B       80      ISSUER NOT
Protection Systems Pvt Ltd                                                         COOPERATING
Minox Metals Pvt Ltd                    FB Fac                ICRA BB+     205     Upgraded
                                                                                   from ICRA BB
Mitcon Consultancy And                  FB/ Non-fund based    ICRA         200     @
Engineering Services Ltd                                      BBB+/ICRA A2         

Neogem India Ltd                        LT and ST Fundbased   ICRA D       150     ISSUER NOT
                                        Limits                                     COOPERATING
Nirma Ltd                               NCD                   ICRA AA      10000   Reaffirmed
Nirma Ltd                               NCD                   ICRA AA      -       Withdrawn
Pacific Development                     Fund based-TL         ICRA A       8094.3  Upgraded
Corporation Ltd                                                                    from ICRA A-
Pure & Cure Healthcare Pvt Ltd          FB – Working Capital  ICRA A+      1070    Reaffirmed
                                        Fac
Pure & Cure Healthcare Pvt Ltd          TL                    ICRA A+      333.4   Reaffirmed
S.K.T.Textile Mills                     LT Un allocated       -            -       -
S.K.T.Textile Mills                     LT Fund based TL      ICRA BB+     173.7   Reaffirmed
S.K.T.Textile Mills                     LT Fund based CC      ICRA BB+     160     Reaffirmed
Saket Education Society                 TL                    ICRA A-      418.3   Reaffirmed
Saket Education Society                 FB Limits             ICRA A-      40      Reaffirmed
Samet Plast                             Fund based – CC       ICRA B+      50      ISSUER NOT
                                                                                   COOPERATING
Samet Plast                             Fund based – TL       ICRA B+      10      ISSUER NOT
                                                                                   COOPERATING
Shri Damodar Yarn                       Unallocated limit     -            -       -
Manufacturing Pvt Ltd
Shri Damodar Yarn                       FBL                   ICRA         238.6   Re-affirmed
Manufacturing Pvt Ltd                                         BBB-/ICRA A3
Sukritha Buildmann Pvt Ltd              Fund based-TL         ICRA D       300     Revised from
                                                                                   ICRA B+
Removed from ‘Issuer Not Cooperating’ category
Unicure Remedies Pvt Ltd                Fund based - TL       ICRA B+      8.5     ISSUER NOT
                                                                                   COOPERATING
Unicure Remedies Pvt Ltd                Fund based - CC       ICRA B+      50      ISSUER NOT
                                                                                   COOPERATING
Unicure Remedies Pvt Ltd                Unallocated Limit     ICRA B+      34.5    ISSUER NOT
                                                              /ICRA A4             COOPERATING
H.M. Industrial Pvt Ltd                 NCDs (NCD)            ICRA BB      50      -
Reason for delay in carrying out periodic review. - Issuer not cooperating
H.M. Industrial Pvt Ltd                 Unallocated           ICRA BB      100     -
                                        NonConvertible
                                        Debentures (NCD)
Reason for delay in carrying out periodic review. - Issuer not cooperating
Ishwarlal Harjivandas                   FB – CC               ICRA BB-     300     -
Jewellers Pvt. Ltd.
ISSUER NOT COOPERATING
Jai Bhole Steel Tubes Pvt Ltd           CC Fac                ICRA BB-     120     Reaffirmed
ISSUER NOT COOPERATING
Kss Abhishek Safety Systems             CC                    ICRA BBB+    50      Assigned
Pvt. Ltd.
--------------------------------------------------------------------------------------------
$: 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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