May 3, 2018 / 10:33 AM / 2 months ago

RPT-ICRA ratings for Indian debt instruments-May 3

 (Repeating to add more ratings)
    May 3 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of May 2, 2018.


COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Arihant Spintex Pvt. Ltd.               Non-Fund Based BG     ICRA A4+     7.5     Reaffirmed
Bonza Vitrified Pvt. Ltd.               Non-fund based - BG   ICRA A4      40      Reaffirmed
removed from NDS non-cooperating category
Canpex Chemicals Pvt Ltd                Non fund based - LOC  ICRA A4+     70      Reaffirmed
Canpex Chemicals Pvt Ltd                Non fund based - BG   ICRA A4+     29      Reaffirmed
Eros For Sanitarywares                  BG                    ICRA A4+     26      Reaffirmed
Eros For Sanitarywares                  Credit Exposure Limit ICRA A4+     6.5     Reaffirmed
Gocl Corporation Ltd                    Non-FBL               ICRA A3+     850     Withdrawn
Hindustan Mint And Agro                 ST nonfund based      ICRA A4      9.5
Products Pvt Ltd
Issuer not cooperating
Katira Cube Transplaza (Bhuj)           Non-fund Based BG     Provisional  25
Pvt. Ltd.                               (Proposed)            ICRA A3+
                                                              (SO)
Katira Cube Transplaza (Patan)          Non-fund Based BG     Provisional  86.9
Pvt. Ltd.                               (Proposed)            ICRA A3+
                                                              (SO)
Shree Shakti Construction               Non FB Limits         ICRA A4      70
Issuer not cooperating

LONG TERM RATINGS:
-------------------
Abis Exports (I) Pvt Ltd                Proposed CP, Proposed ICRA A /A1   6085.8
                                        NCD and Bk Fac
Issuer not cooperating
Ambica Timbertrade Pvt. Ltd.            FB Limits             ICRA D       50
Rating moved to the ‘Issuer Not Cooperating’ category
Ambica Timbertrade Pvt. Ltd.            Non-FBL               ICRA D       300
Rating moved to the ‘Issuer Not Cooperating’ category
Arihant Spintex Pvt. Ltd.               CC                    ICRA BB+     39.4
Upgraded from ICRA BB
Arihant Spintex Pvt. Ltd.               TL                    ICRA BB+     135.3
Upgraded from ICRA BB
Arihant Spintex Pvt. Ltd.               Unallocated           ICRA BB+     37.8
Upgraded from ICRA BB
Barasat Municipality                    Issuer Rating         ICRA BB              Assigned
Bonza Vitrified Pvt. Ltd.               Fund based - CC       ICRA B       100     Reaffirmed
removed from NDS non-cooperating category
Bonza Vitrified Pvt. Ltd.               Fund based - TL       ICRA B       250     Reaffirmed
removed from NDS non-cooperating category
Canpex Chemicals Pvt Ltd                Fund based - CC Fund  ICRA BB+     20      Reaffirmed
outlook revised from Positive to Stable
Durgapur Municipal Corporation          Issuer Rating         ICRA BBB-            Assigned
Eros For Sanitarywares                  CC                    ICRA BB+     117.5   Reaffirmed
Eros For Sanitarywares                  TL                    ICRA BB+     59.1    Reaffirmed
Eros For Sanitarywares                  Unallocated Limit     ICRA         71.6    Reaffirmed
                                                              BB+/A4+
Fincare Small Finance Bank              PTC Series A1         ICRA         1049.7
Ltd- Juan Feb 2018                                            BBB+(SO)
Gocl Corporation Ltd                    FBL                   ICRA BBB     200     Withdrawn

Provisional rating confirmed as final
Fusion Microfinance (Pvt.)              PTC Series A1         ICRA A- (SO) 150
Ltd.- Vivriti Blizzard 003 2018
Provisional rating confirmed as final
Hindustan Mint And Agro                 LT fund based         ICRA BB      442.8
Products Pvt Ltd
Issuer not cooperating
Indian Agro And Food                    Proposed CP, Proposed ICRA A /A1   3850.5
Industries Ltd                          NCD and Bk Fac
Issuer not cooperating
Indian School Finance Company           PTC Series A2         ICRA A(SO)   176.6
Pvt Ltd- Nymeria Sbl Northern
Arc 2018
Provisional rating confirmed as final
Indian School Finance Company           PTC Series A1         ICRA A+(SO)  229.1
Pvt Ltd- Nymeria Sbl Northern
Arc 2018
Provisional rating confirmed as final
Indian School Finance Company           PTC Series A3         ICRA         23.9
Pvt Ltd- Nymeria Sbl Northern                                 BBB(SO)
Arc 2018
Provisional rating confirmed as final
Jainam Coatex Llp                       CC Limits             ICRA B       50
Issuer not cooperating
Jainam Coatex Llp                       TL Limits             ICRA B       32.5
Issuer not cooperating
Katira Cube Transplaza (Bhuj)           FB TL (Proposed)      Provisional  275
Pvt. Ltd.                                                     ICRA BBB(SO)
Katira Cube Transplaza (Patan)          FB TL (Proposed)      Provisional  255
Pvt. Ltd.                                                     ICRA BBB(SO)
Khaya Solar Projects Pvt Ltd            Fund based-TL         ICRA D       542
Downgraded from ICRA B-
Pahal Financial Services Pvt.           PTC Series A          ICRA         93.1
Ltd- Arwen Ifmr Capital 2018                                  BBB+(SO)
Provisional rating confirmed as final
Prashanth Educational Society           TL                    ICRA BB-     46
Moved to the ‘ISSUER NOT COOPERATING’ category due to non- submission of monthly ‘No Default
Statement’ (“NDS”)
Prashanth Educational Society           Unallocated Limits    ICRA BB-     24
Moved to the ‘ISSUER NOT COOPERATING’ category due to non- submission of monthly ‘No Default
Statement’ (“NDS”)
Sharda Timbers                          FB Limits             ICRA D       58.5
Rating moved to the ‘Issuer Not Cooperating’ category
Sharda Timbers                          Non-FBL               ICRA D       191.5
Rating moved to the ‘Issuer Not Cooperating’ category
Shree Shakti Construction               FB Limits             ICRA BB-     40
Issuer not cooperating
The Oriental Insurance Company          CPA                   iAAA         -
Ltd.
Review process is underway

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