(Repeating to add additional ratings)
May 16 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of May 15, 2018.
COMPANY INSTRUMENT RATING AMOUNT MOVEMENT
(RS.MLN)
------ ---------- ------ ----- ---------
SHORT TERM RATINGS:
-------------------
Bds Projects India Pvt Ltd Non-Fund based - BG ICRA A4 72.5 Removed from
Issuer not
Cooperating
and Withdrawn
United Concepts & Solutions ST - Non Fund Based ICRA D 7.5 -
Pvt Ltd
(Issuer not cooperating)
Canara Robeco Asset Management Canara Robeco Savings ICRA A1+mfs - outstanding
Co. Ltd Fund (erstwhile
Canara Robeco Savings Plus Fund)
Canara Robeco Asset Management Canara Robeco Liquid ICRA A1+mfs - outstanding
Co. Ltd Fund (erstwhile
Canara Robeco Liquid)
Dsp Blackrock Investment DSP BlackRock Fixed ICRA A1+mfs Withdrawn
Managers Pvt Ltd Maturity Plan Series
225 – 3M
Dsp Blackrock Investment DSP BlackRock Fixed ICRA A1+mfs outstanding
Managers Pvt Ltd Maturity Plan Series
222 – 3M
Dwarikesh Sugar Industries Ltd CP ICRA A1+ 3000 Reaffirmed
Grotech Landscape Developers ST Non Fund Based – BGICRA A4+ 140 -
Pvt Ltd
(Issuer not cooperating)
Infina Finance Pvt Ltd CP Programme (IPO ICRA A1+ 35000 Assigned
Financing)
Infina Finance Pvt Ltd CP Programme ICRA A1+ 7500 outstanding
Kuber Texlen Pvt. Ltd BG ICRA A4 2.5 -
Rating Moved to (Issuer not cooperating) Category
Mahakoshal Refractories Pvt Ltd BG Limit ICRA A3+ 50 Withdrawn
Mahakoshal Refractories Pvt Ltd Bill Discounting LimitICRA A3+ 110 Withdrawn
MG Well Solutions Project Non-Fund based- Bk ICRA A4 40 Withdrawn
International Pvt Ltd
MG Well Solutions Project Guarantee/LOC ICRA A4 40 Withdrawn
International Pvt Ltd
MG Well Solutions Project Non-Fund based- LOC ICRA A4 Withdrawn
International Pvt Ltd
Neel Metal Products Ltd CP/ ST Debt ICRA A1 1000 outstanding
Nemlaxmi Books (India) Pvt Ltd Non-FB Fac ICRA A4 7.2 Withdrawn
NTL Steels NFBL -LOC ICRA A4+ 10 Reaffirmed
NTL Steels NFBL –BG ICRA A4+ 20 Reaffirmed
PMJ Constructions Pvt. Ltd. Non-FB Fac ICRA A4 100 Reaffirmed
Yamuna Power And Non-FBL ICRA A3 365 -
Infrastructure Ltd
Review in process
Fortis Healthcare Holdings Pvt NCDs ICRA A4 1000 -
Ltd
(ISSUER NOT COOPERATING)
Fortis Healthcare Holdings Pvt NCDs ICRA A4 500 -
Ltd
(ISSUER NOT COOPERATING)
LONG TERM RATINGS:
-------------------
Bds Projects India Pvt Ltd Fund based - CC ICRA B 10 Removed from
Issuer not
cooperating
and Withdrawn
BDS Projects India Pvt Ltd Unallocated Limit* ICRA B 2.5 Removed from
Issuer not
cooperating
and Withdrawn
*earlier rated as Fund based- Cash Credit
Canara Robeco Asset Management Canara Robeco ICRA AA+mfs - outstanding
Co. Ltd Corporate Bond Fund
(erstwhile Canara Robeco Medium Term Opportunities Fund)
Canara Robeco Asset Management Canara Robeco Indigo ICRA - Withdrawn
Co. Ltd Fund AAAdebtmfs
Canara Robeco Asset Management Canara Robeco ST Fund ICRA AAAmfs - Withdrawn
Co. Ltd
Canara Robeco Asset Management Canara Robeco Ultra ICRA AAAmfs - outstanding
Co. Ltd ST Fund (erstwhile
Canara Robeco Treasury Advantage Fund)
DSP Blackrock Investment DSP BlackRock Savings ICRA AAAmfs - Reaffirmed
Managers Pvt Ltd Fund
DSP Blackrock Investment DSP BlackRock ST Fund ICRA AAAmfs - Reaffirmed
Managers Pvt Ltd -
DSP Blackrock Investment DSP BlackRock ICRA AAAmfs - Reaffirmed
Managers Pvt Ltd Liquidity Fund -
DSP Blackrock Investment DSP BlackRock Bking & ICRA AAAmfs - Reaffirmed
Managers Pvt Ltd PSU Debt Fund
DSP Blackrock Investment DSP BlackRock ICRA AAAmfs - Reaffirmed
Managers Pvt Ltd Strategic Bond Fund
DSP Blackrock Investment DSP BlackRock Money ICRA AAAmfs - Reaffirmed
Managers Pvt Ltd Manager Fund
Dwarikesh Sugar Industries Ltd TL ICRA A+ 540.5 Reaffirmed
Dwarikesh Sugar Industries Ltd CC ICRA A+ 5650 Reaffirmed
Dwarikesh Sugar Industries Ltd Non-FBL ICRA A+ 50 Reaffirmed
Dwarikesh Sugar Industries Ltd Unallocated Limits ICRA A+ 259.4 Reaffirmed
Edward Food Research And NCD ICRA B+ 360 -
Analysis Centre Ltd
(Issuer not cooperating)
Fincare Small Finance Bank Ltd PTC Series A1 ICRA A-(SO) 500 Final Rating
-Vivriti Endor 003 2018
Foods And Feeds Fund based -CC ICRA D 130 -
Rating Moved to (Issuer not cooperating) Category
Indinfravit Trust Issuer Rating ICRA AAA - -
J.J. Automotive Ltd Bk Fac ICRA B+ 387.5 -
/ICRA A4
(Issuer not cooperating)
J.P. Sortex Pvt Ltd CC ICRA B+ 370 -
Reason for delay in carrying out periodic review: (Issuer not cooperating)
J.P. Sortex Pvt Ltd Unallocated ICRA B+ /A4 30 -
Reason for delay in carrying out periodic review: (Issuer not cooperating)
Krishna Poultry Tex Mill India LT: Fund based – CC ICRA BB- 54 Reaffirmed
Pvt Ltd
Krishna Poultry Tex Mill India LT: Fund based – TL ICRA BB- 51 Reaffirmed
Pvt Ltd
Krishna Poultry Tex Mill India LT: Unallocated ICRA BB- 14.5 Reaffirmed
Pvt Ltd
Kuber Texlen Pvt. Ltd TL ICRA B+ 15 -
Rating Moved to (Issuer not cooperating) Category
Kuber Texlen Pvt. Ltd CC ICRA B+ 62.5 -
Rating Moved to (Issuer not cooperating) Category
Kuber Texlen Pvt. Ltd Unallocated Limits ICRA B+ 27.5 -
/ICRA A4;
Rating Moved to (Issuer not cooperating) Category
Mahakoshal Refractories Pvt Ltd CC Limit ICRA BBB 240.6 Withdrawn
Mahakoshal Refractories Pvt Ltd TL ICRA BBB 1.1 Withdrawn
Mahakoshal Refractories Pvt Ltd Unallocated Limit ICRA BBB 18.3 Withdrawn
Mahesh Agri Exim Pvt Ltd Fund based - ICRA D 210 Rating Moved
EPC(Stocks)# to Issuer
Not
Cooperating
Category
# Flexibility: EPC to EBD/EBP/EBN: 50% of EPC limit
Mahesh Agri Exim Pvt Ltd Fund based - ICRA D 10 Rating Moved
EBD/EBN/EBP+ to Issuer
Not
Cooperating
Category
+ EBD/EBP/EBN to EPC: 100% of EBN limit
Mahesh Agri Exim Pvt Ltd Fund based - Advance ICRA D Rating Moved
against bills sent on to Issuer
collection bases(within EPC) Not
Cooperating
Category
Mahesh Agri Exim Pvt Ltd NFBL – BG ICRA D 12.5 Rating Moved
to Issuer
Not
Cooperating
Category
Mahesh Agri Exim Pvt Ltd NFBL – Forward ICRA D 8 Rating Moved
Contract@ to Issuer
Not
Cooperating
Category
@FC Limit of 0.80 (2% of Notional Limits of Rs 40.00 crore)
Mg Well Solutions Project Fund based-TL/CC ICRA C 33.5 Withdrawn
International Pvt Ltd
Mg Well Solutions Project Fund based – EPC/EBN ICRA C Withdrawn
International Pvt Ltd
Mg Well Solutions Project Unallocated Limits ICRA C/ICRA 17.2 Withdrawn
International Pvt Ltd A4;
Navkar Lifesciences Fund based ICRA BB- 267.5 -
Issuer did not co-operate; based on best available information
Neel Metal Products Ltd TL ICRA A 1716.6 Assigned/
Outstanding
Neel Metal Products Ltd FB Fac ICRA A 3810 outstanding
/ICRA A1
Neel Metal Products Ltd Non-FB Fac ICRA A 3225 Assigned/
/ICRA A1 Outstanding
Neel Metal Products Ltd Unallocated ICRA A 111.8 Assigned/
/ICRA A1 Outstanding
Nemlaxmi Books (India) Pvt Ltd FB Fac ICRA B+ 88.6 Withdrawn
Nemlaxmi Books (India) Pvt Ltd Unallocated Limits ICRA B+ 20.4 Withdrawn
Ntl Steels Fund Based- TL - - -
Ntl Steels Fund Based – CC ICRA BB+ 180 Reaffirmed
Ntl Steels Fund Based – ICRA BB+ 30 Reaffirmed
Stand-by-Line of
Credit
Ntl Steels Unallocated Limits ICRA BB+ 19 Reaffirmed
/ICRA A4+;
Pmj Constructions Pvt. Ltd. FB Fac ICRA B 50 Reaffirmed
Pmj Constructions Pvt. Ltd. Unallocated Limits ICRA B 20 Reaffirmed
Riddhi Agro Industries Bk Fac ICRA BB- / 189.4 -
ICRA A4
(Issuer not cooperating)
Satin Creditcare Network Ltd. PTC Series A1 ICRA A+(SO) 286 Withdrawn
- Vivriti Yoda 009 2017
Textrend Lifestyle Pvt Ltd Fund based – CC ICRA B 60 Withdrawn
Titagarh Municipality Issuer Rating ICRA BB- - Assigned
Trimula Industries Ltd FB - Working Capital ICRA BB+ 700 Assigned
Trimula Industries Ltd FB – TL ICRA BB+ 1188.4 Assigned
Trimula Industries Ltd Non-FBL ICRA BB+ 523.9 Assigned
Trimula Industries Ltd Unallocated ICRA BB+ 87.7 Assigned
Trimula Industries Ltd Issuer Rating ICRA BB+ - Assigned
United Concepts & Solutions LT - Fund Based TL ICRA D 34.4 -
Pvt Ltd
(Issuer not cooperating)
United Concepts & Solutions LT - Fund Based/ CC ICRA D 62.5 -
Pvt Ltd
(Issuer not cooperating)
United Concepts & Solutions LT - Unallocated ICRA D 20.6 -
Pvt Ltd
(Issuer not cooperating)
Yamuna Power And FBL ICRA BBB- 320.3 -
Infrastructure Ltd
Review in process
Fortis Healthcare Holdings Pvt NCDs ICRA B+ 125 -
Ltd
(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)