May 14, 2018 / 10:30 AM / 12 days ago

RPT-ICRA ratings for Indian debt instruments-May 14

 (Repeating to add additional ratings as of May 11, 2018)
    May 14 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of May 11, 2018.

COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Alm Food Products Ltd                   ST-Fund Based working ICRA A3      1070    Upgraded
                                        capital                                    from A4+
Bajaj Finance Ltd.                      CP Programme          ICRA A1+     150000  outstanding
Bikaji Foods International Ltd          Non-FBL               ICRA A1      110     Reaffirmed
Canara Bank                             CDs Programme         ICRA A1+     200000  outstanding
Dr. D. Y. Patil Vidpyapeeth             ST non-fund- based    ICRA A2      140     Upgraded
Society                                 limits                                     from ICRA A3
(Removed from Issuer Not Co-operating category)
Green Infra Wind Energy Ltd             Non-fund based - BG   Provisional  2000    outstanding
                                                              ICRA A1+(SO)
confirmed as final
Iifl Facilities Services Ltd            CP programme (IPO     ICRA A1+     25000   Assigned
                                        financing)
Iifl Facilities Services Ltd            CP programme          ICRA A1+     7000    outstanding
India Infoline Finance Ltd              CP programme (IPO     ICRA A1+     50000   Assigned
                                        financing)
India Infoline Finance Ltd              CP programme (IPO     ICRA A1+     0       Withdrawn
                                        financing)
India Infoline Finance Ltd              CP programme          ICRA A1+     90000   outstanding
Jm Financial Properties And             CP programme (IPO     ICRA A1+     40000   Assigned
Holdings Ltd                            Financing)
Jm Financial Properties And             CP programme (IPO     ICRA A1+     -       Withdrawn
Holdings Ltd                            Financing)
Sify Technologies Ltd                   ST: Non-FBL - LC 63.00ICRA A1+     630     Reaffirmed
Sify Technologies Ltd                   CP (proposed)         ICRA A1+     500     Reaffirmed
Shri Haridarshan Jewellers              ST FB                 ICRA D       20      Revised from
                                                                                   ICRA A4
(Issuer not cooperating)
Super Smelters Ltd                      Non-FB Fac            ICRA A4+     1900    Reaffirmed
Advantage Computers India Pvt           ST – Non Fund based – ICRA A4      6
Ltd                                     BG
(Issuer not cooperating)
Oriental Sales Corporation              ST – Non Fund based – ICRA A4      194
                                        BG
(Issuer not cooperating)
Oriental Sales Corporation              ST-Unallocated        ICRA A4      46
(Issuer not cooperating)
Precon Technology And Castings          Non-FBL               ICRA A4      25
Ltd
(Issuer not cooperating)
S.S. Timber Traders                     NFBL                  ICRA A4      80
Rating continues to remain in the ‘Issuer not cooperating’ category

MEDIUM TERM RATINGS:
-------------------
Bajaj Finance Ltd.                      Fixed Deposit         MAAA         -       outstanding
                                        Programme

LONG TERM RATINGS:
-------------------
Alm Food Products Ltd                   TL                    ICRA BBB-    250     Upgraded
                                                                                   from BB
Bajaj Finance Ltd.                      NCD Programme         ICRA AAA     -       Withdrawn
Bajaj Finance Ltd.                      NCD Programme         ICRA AAA     23457   outstanding
Bajaj Finance Ltd.                      Subordinated Debt     ICRA AAA     17000   outstanding
                                        Programme
Bikaji Foods International Ltd          Unallocated Amount    -            -       -
Bikaji Foods International Ltd          TL                    ICRA A+      663.2   Upgraded
                                                                                   from ICRA A
Bikaji Foods International Ltd          FBL                   ICRA A+      700     Upgraded
                                                                                   from ICRA A
Canara Bank                             Additional Tier-I     ICRA AA      15000   outstanding
                                        Bonds Programme –     (hyb)
                                        Basel III
Canara Bank                             Lower Tier-II Bonds   ICRA AAA     3250    outstanding
                                        Programme
Canara Bank                             Tier-II Bonds         ICRA AAA     79000   outstanding
                                        Programme – Basel III (hyb)
Darshita Aashiyana Pvt Ltd              Fund based facility   ICRA A(SO)   800     Reaffirmed
Darshita Aashiyana Pvt Ltd              Unallocated           Provisional  200     Reaffirmed
                                                              ICRA A(SO)
validity extended by 120 days
Dish Infra Services Pvt Ltd             Long-TL               ICRA A+      4000    re-affirmed
Dr. D. Y. Patil Vidpyapeeth             LT loans              ICRA BBB+    712     Upgraded
Society                                                                            from ICRA
                                                                                   BBB-
(Removed from Issuer Not Co-operating category)
Dr. D. Y. Patil Vidpyapeeth             LT FB limits          ICRA BBB+    200     Upgraded
Society                                                                            from ICRA
                                                                                   BBB-
(Removed from Issuer Not Co-operating category)
Green Infra Wind Energy Ltd             Fund based - OverdraftICRA AA-(SO) 2000    outstanding
confirmed as final
Himalya International Ltd               TL Fac                ICRA D       1361.1  Downgraded
                                                                                   fromICRA C-
(Rating continues to remain in the ‘Issuer Not Cooperating’ category)
Himalya International Ltd               LT FB Fac             ICRA D       616.4   Downgraded
                                                                                   fromICRA C-
(Rating continues to remain in the ‘Issuer Not Cooperating’ category)
Himalya International Ltd               LT nonFB Fac          ICRA D       70      Downgraded
                                                                                   fromICRA C-
(Rating continues to remain in the ‘Issuer Not Cooperating’ category)
Himalya International Ltd               ST nonFB Fac          ICRA D       12.5    Downgraded
                                                                                   from ICRA A4
(Rating continues to remain in the ‘Issuer Not Cooperating’ category)
Iifl Facilities Services Ltd            Unsecured debt        ICRA AA      500     outstanding
                                        programme
Iifl Facilities Services Ltd            LT debt programme     ICRA AA      7000    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
                                        linkeddebenture programme
India Infoline Finance Ltd              LT principal          PP-MLDICRA   1000    outstanding
                                        protected market      AA
                                        linked debenture programme
Intas Pharmaceuticals Ltd               LT / ST, FB /NFBF     ICRA AA /    5500    Reaffirmed
                                                              ICRA A1+
Jangipur Municipality                   Issuer Rating         ICRA B+      -       Assigned
Jm Financial Properties And             TL                    ICRA AA      1350    outstanding
Holdings Ltd
Mfar Developers Pvt Ltd                 Fund Based- TL        ICRA BBB-    4380    Withdrawn
                                                              (SO)
Mfar Developers Pvt Ltd                 Unallocated           ICRA BBB-    1020    Withdrawn
                                                              (SO)
P.C.S. Trades                           Fund based facility   ICRA B-      60      Withdrawn
(Issuer not cooperating)
Shri Haridarshan Jewellers              CC                    ICRA D       105     Revised from
                                                                                   ICRA BB-
(Issuer not cooperating)
Sify Technologies Ltd                   LT: Fund Based TL     ICRA A+      2064.8  Reaffirmed
Sify Technologies Ltd                   LT: FBL – CC          ICRA A+      2750    Reaffirmed
Sify Technologies Ltd                   LT: Non-FBL - BG      ICRA A+      3130    Reaffirmed
Sify Technologies Ltd                   LT: NCD (proposed)    ICRA A+      500     Reaffirmed
Sify Technologies Ltd                   LT/ST: Non-FBL - LC   ICRA         1240    Reaffirmed
                                                              A+/ICRA A1+
Super Smelters Ltd                      TL                    ICRA BB+     9073.8  Reaffirmed
Super Smelters Ltd                      FB Fac^               ICRA BB+     4526.2  Reaffirmed
^Includes untied limit of Rs. 7.62 crore
Advantage Computers India Pvt           LT – Fund Based – CC  ICRA BB-     140
Ltd
(Issuer not cooperating)
Advantage Computers India Pvt           LT- Unallocated       ICRA BB-     4
Ltd
(Issuer not cooperating)
Mahesh Lumber Pvt Ltd                   FB Limits             ICRA D       100
(Issuer not cooperating)
Mahesh Lumber Pvt Ltd                   Non-FBL Name of the   ICRA D       200
                                        rated entity
(Issuer not cooperating)
Manjeera Constructions Ltd              BLR                   ICRA C       600
(Issuer not cooperating)
Manjeera Retail Holdings Pvt            BLR                   ICRA D       3140
Ltd
(Issuer not cooperating)
Oriental Sales Corporation              LT – Fund Based – CC  ICRA B+      20
(Issuer not cooperating)
Paras Foods                             FB Limits             ICRA B       80
(Issuer not cooperating)
Pittie Distributors India Pvt           BLR                   ICRA BB-     250
Ltd (Erstwhile Peetambara
Distributors)
Issuer delayed in giving information
Precon Technology And Castings          FB Limits             ICRA BB-     80
Ltd
(Issuer not cooperating)
Vijay Nirman Company Pvt Ltd            Vijay Nirman Company  ICRA D       8460
                                        Private Limited
(Issuer not cooperating)
Vijay Nirman Company Pvt Ltd            Vijay Nirman Company  ICRA D       500
                                        Private Limited
(Issuer not cooperating)

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